Picture of Yuexiu Property logo

123 — Yuexiu Property News Story

0.000.00%
hk flag iconLast trade - 00:00
FinancialsSpeculativeMid CapNeutral

HK-listed Yuexiu Property slips most in 7 weeks on weak profit outlook

** Shares of Yuexiu Property 0123.HK slip 3.8% to HK$4.09, on track for the biggest one-day pct decline since December 9

** Stock is fifth biggest pct decliner in Hang Seng Composite Index tracking properties and construction stocks .HSCIPC, which is up 1.4%

** The Chinese property developer expects its 2025 profit attributable to equity holders to drop 90%-95% y/y and core net profit to fall 80%-85% y/y as the property market remained in an adjustment phase, with recovery in market confidence still taking time

** Yuexiu says it will accelerate destocking and revitalisation of existing assets in 2026

** YTD, stock up 5.6%, Hang Seng Index .HSI up 4.3%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))

Recent news on Yuexiu Property

See all news