Vanke's property services arm Onewo hits over 4-month low as profit dips

Onewo

28/03/2023 04:51

** Shares of Onewo Inc  2602.HK , the property services arm
of developer China Vanke Co Ltd  000002.SZ , drop as much as 11%
to HK$33.30, their lowest since Nov. 10, 2022
    ** Onewo, with the current market value of HK$41.66 bln
($5.31 bln), said its 2022 net profit fell 9.4% from the
previous year to 1.51 bln yuan ($219.5 mln) 
    ** China Vanke's shares in Hong Kong  2202.HK  and Shenzhen
 000002.SZ  both climb 0.6% 
    ** Hang Seng Mainland Properties Index  .HSMPI  rises 1% and
 Hang Seng Composite Index on properties and construction stocks
 .HSCIPC  climbs 0.4%
    ** The Hang Seng Composite Index  .HSCI  rises 0.8% and Hang
Seng Index  .HSI  adds 0.7%
    ** As of last close, Onewo stock had dropped 23.8% this year

($1 = 6.8794 Chinese yuan)

($1 = 7.8495 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))