TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
An update from Joy City Property Limited ( (HK:0207) ) is now available.
Joy City Property Limited announced that its subsidiary, Chengdu Chenyue, has successfully acquired land use rights in Chengdu, PRC, for RMB2.65 billion through an auction. This acquisition is classified as a major transaction under Hong Kong’s listing rules, highlighting the company’s strategic expansion in the property development sector. The acquisition is expected to enhance the company’s development portfolio, although the dispatch of related circulars may be affected by the company’s potential delisting.
The most recent analyst rating on (HK:0207) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Joy City Property Limited stock, see the HK:0207 Stock Forecast page.
More about Joy City Property Limited
Joy City Property Limited is a company primarily engaged in property development, focusing on acquiring and developing land for future projects. The company operates in the real estate sector and is involved in major transactions related to land acquisitions.
Average Trading Volume: 36,601,790
Technical Sentiment Signal: Buy
Current Market Cap: HK$8.54B
Learn more about 0207 stock on TipRanks’ Stock Analysis page.