CHINA OVERSEAS (00688.HK) Rallies 3%; 1Q OP Almost Flattish YoY

　　CHINA OVERSEAS (00688.HK) +0.440 (+3.729%) Short selling $33.22M; Ratio 33.362% last printed at an immediate market high of $12.26, up 3.9%, on volume of 11.1433 million shares and turnover of $135 million.

　　CHINA OVERSEAS announced that for the three months ended 31 March 2024, the revenue of the Group was RMB36.5 billion, up 14.4% YoY, while the operating profit was RMB6.65 billion, up 0.2% YoY. The operating profit excluding net foreign exchange gains and losses increased by 22.2% YoY.

　　Related NewsCHINA OVERSEAS 1Q OP Up 0.2% YoY; OP Excl. Net FX Gains & Losses Up 22.2%

　　During the first quarter of 2024, the Group achieved contracted property sales of RMB60.21 billion with a corresponding sales area of 2.02 million sq.m., down 28% and 52.6% YoY.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-04-24 12:25.)

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