China Overseas Grand Oceans Reports Decline in May Sales but Expands Land Holdings

China Overseas Grand Oceans Group Limited ( (HK:0081) ) just unveiled an announcement.

China Overseas Grand Oceans Group Limited reported a decline in property contracted sales for May 2025, with a year-on-year decrease of 21.1% in sales value and 20.0% in gross floor area. Despite the downturn, the company acquired three new projects in Nanning, Hefei, and Lanzhou, expanding its land bank by 563,337 square meters at a cost of RMB1,573,890,000. This strategic acquisition could potentially enhance the company’s future growth prospects and strengthen its market position.

The most recent analyst rating on (HK:0081) stock is a Buy with a HK$2.44 price target. To see the full list of analyst forecasts on China Overseas Grand Oceans Group Limited stock, see the HK:0081 Stock Forecast page.

More about China Overseas Grand Oceans Group Limited

China Overseas Grand Oceans Group Limited operates in the real estate industry, focusing on property development and sales. The company engages in acquiring and developing residential and commercial properties across various regions in China.

Average Trading Volume: 7,605,516

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$5.94B

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