Country Garden hits 19-month peak on inclusion in stock connect programme

Country Garden Holdings

09/09/2025 05:21

** Shares of Chinese property developer Country Garden Holdings 2007.HK soar 33.3% to HK$0.68, their highest since February 2024, on course for a third consecutive session of gains

** Stock on course for biggest one-day pct rise since November 2022, if gains hold; top pct gainer on Hang Seng Composite Index tracking properties and construction stocks .HSCIPC

** Shares have been included in the list of eligible securities for the Southbound Trading of the Shanghai Connect and the Shenzhen Connect effective September 8

** Citi said last week in a note that China property is turning to a new chapter from 2H25 after it saw improvement in 1H with new sales gross profit margin improved, credit risk mitigated, among others

** "We view likely sector correction in Sep a good chance to add property names, focusing on luxury & quality products with active land purchase" - Citi

     ** Hang Seng Mainland Properties Index .HSMPI surges 3.3%, benchmark Hang Seng Index .HSI adds 0.7%

** YTD, stock of Country Garden up 32%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))