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China Vanke Co Ltd (18V.BE)

Berlin - Berlin Delayed Price. Currency in EUR
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0.62500.0000 (0.00%)
At close: 08:15AM CEST
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Previous Close0.6250
Open0.6250
Bid0.6050 x 0
Ask0.6650 x 0
Day's Range0.6250 - 0.6250
52 Week Range0.4000 - 1.2800
Volume1,000
Avg. Volume0
Market CapN/A
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateAug 28, 2024 - Sept 02, 2024
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Reuters

    China developer Vanke sees pressure on profit amid market downturn

    Chinese state-backed property developer China Vanke said its profit would be under pressure in the short term amid a market correction, but that would not hurt its cashflow. China's real estate market, which accounts for roughly a quarter of the world's second biggest economy, is grappling with a debt crisis that has rattled global markets and sparked fears of financial system contagion at a time when the country is already struggling with a broader slowdown. Shenzhen-based Vanke, which is considered to be financially sound, on Wednesday reported a 19.4% fall in net profit year-on-year to 9.9 billion yuan ($1.36 billion) for the first six months of this year.