Canada markets closed

China Vanke Co Ltd (18V.MU)

Munich - Munich Delayed Price. Currency in EUR
Add to watchlist
0.7650-0.0400 (-4.97%)
At close: 08:04AM CEST
Full screen
Previous Close0.8050
Open0.7650
Bid0.7050 x 0
Ask0.7650 x 0
Day's Range0.7650 - 0.7650
52 Week Range0.4600 - 1.2700
Volume200
Avg. Volume23
Market CapN/A
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateApr 29, 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.