HK's Vanke Property rises to 5-week high on upbeat H1 outlook

Vanke Overseas Investment Holding

27/07/2018 06:24

** Shares of Vanke Property (Overseas) Ltd  1036.HK  rise
5.4 pct to HK$4.90, highest since June 19
    ** Property firm expects H1 profit to grow 260 pct on year,
amid fair value gain on investment properties, an increase in
interest income on bank deposits, and a rise in revenue from
rental and property management  urn:newsml:reuters.com:*:nFWN1UM18C
    ** Co due to publish its interim results in August
    ** Vanke Property has underperformed the Hang Seng Property
Index  .HSNP  by 1.9 pct points in the past one month
    ** As of 0413 GMT, about 129,000 shares change hands,
compared with 30-day moving average of 34,900 shares a day
    ** Hong Kong benchmark stock index  .HSI  down 0.2 pct

 (RM: donny.kwok.thomsonreuters.com@reuters.net)