Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
China New Town Development Co. Ltd. ( (HK:1278) ) has shared an update.
China New Town Development Co. Ltd. announced an update on its urbanization fixed income investment portfolio, which totals RMB 3,309 million as of March 31, 2025, after accounting for risky project impairments. The portfolio is expected to yield an annual pre-tax return of approximately RMB 233 million, equating to an average annualized return of 7.0%. The company has added new projects in Taizhou and Yangzhou while exiting others, ensuring the return of principal and gains. This strategic portfolio adjustment highlights the company’s focus on optimizing returns and managing risks in its investment strategy, with plans for regular updates to shareholders.
More about China New Town Development Co. Ltd.
China New Town Development Co. Ltd. operates in the urban development industry, focusing on fixed income investments related to urbanization projects. The company is involved in developing and managing urban infrastructure projects, primarily in China, with a market focus on securing stable returns through strategic investments.
YTD Price Performance: 6.67%
Average Trading Volume: 957,387
Technical Sentiment Signal: Sell
Current Market Cap: HK$671.1M
For a thorough assessment of 1278 stock, go to TipRanks’ Stock Analysis page.