JP-COVS@EC2611A

China Overseas Development's Contracted Property Sales Revenue Increased by 20% in April

China Overseas Land & Investment Secures Land in Zhuhai Xiangzhou District for 1.007 Billion Yuan

HSBC Research Upgrades China Overseas Land & Investment to Buy

Morningstar Maintains $19 HKD Per Share Fair Value Estimate for China Overseas Development

JPMorgan Maintains Overweight Rating for China Overseas Development

China Overseas Development Signs a 15 Billion Yuan Guarantee Loan Framework Agreement with CITIC Bank

China Overseas Development Announces Q1 2026 Results

China Overseas Development Holds 2025 Annual General Meeting

CHINA OVERSEAS to Release FY2026 Q1 Earnings on April 29 During-Market BJT

China Overseas Land & Investment Acquires Residential Land in Central Innovation Zone of Xi'an Hi-tech Zone

China Overseas Development's March Contract Sales Decline 35%

China Overseas Development Sees 34.8% Rise in Contracted Property Sales in March 2026, Adds Approximately 58,500 Square Meters of New Land Rights

Kwai Tsing Bay Phase II Announces Price List, Positive Market Reaction

Morgan Stanley Cuts China Overseas Development Target Price to HKD 12.5

Guotai Junan and Goldman Sachs Maintain Buy Rating on China Overseas Development

China Overseas Development Achieves Robust Growth and Industry Leadership in 2025

HSBC Research Downgrades China Overseas Development's Revenue and Profit Forecasts, Maintains Hold Rating

BOA Securities Cuts Profit Forecast for China Overseas Development but Maintains Buy Rating

Citibank Downgrades China Overseas Development's Target Price to HKD14.2 with Maintain Buy Rating

Morningstar Downgrades China Overseas Development Fair Value Estimate

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China Overseas Land & Investment (HK:0688) reported a 20% year-on-year increase in contracted property sales for April 2026, totaling approximately RMB24.19 billion. Cumulatively, sales from January to April rose 13.7% to RMB75.71 billion. The company expanded its land bank with four new parcels totaling about 502,000 square meters and RMB3.04 billion in land premium. Analysts rate the stock as a Buy with a target price of HK$14.00. The company focuses on residential and commercial real estate in mainland China and Hong Kong.

Tip Ranks

CHINA OVERSEAS

Hwabao WP CSI 800 Real Estate ETF

Yinhua CSI Interior Real Estate Theme ETF

ChinaAMC CSI All Share Real Estate ETF

China Southern CSI All Share Real Estate ETF

GF CSI All Share Financials ETF

CH OVS G OCEANS

China Overseas Land & Investment Posts Higher Sales and Expands Land Bank in Early 2026

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At midday close, the HSI fell 290 points (1.1%) to 26,335, while the HSTI dropped 55 points (1.1%) to 5,065. Notable movements included POP MART rising over 5%, and CHINA RES LAND, CHINA OVERSEAS, FIH, and PCCW reaching new highs. Active stocks included TENCENT down 1.6% and BABA down 1.5%. Other significant declines were seen in SMIC and JD HEALTH, while LONGFOR and BIDU-SW experienced gains. Short selling data indicated significant activity across various stocks.

- As of midday close, the Hang Seng Index (HSI) fell by 290 points or 1.1% to 26,335, while the Hang Seng Technology Index (HSTI) dropped 55 points or 1.1% to 5,065.  
- Key movers included Tencent, which decreased by 1.6%, and Pop Mart, which increased by 5.1%.  
- The article highlights significant short selling activity across various stocks, with some displaying notable gains while others suffered losses.

AASTOCKS News

Hang Seng TECH Index

Hang Seng Index

Tencent Holdings Limited

POP MART

CHINA RES LAND

LONGFOR GROUP

KraneShares 2x Long BABA Daily ETF

E Fund CSI HK Connect Internet ETF

PCCW

Hang Seng China Enterprises Index

TENCENT

BABA-W

XIAOMI-W

SMIC

JD HEALTH

HANG LUNG PPT

JD LOGISTICS

CMOC

BIDU-SW

HANSOH PHARMA

ZTO EXPRESS-W

XINYI GLASS

WUXI APPTEC

TRANSTHERA-B

MEITU

POP MART HK SDR 20to1

Tencent

TENCENT-R

Tencent HK SDR 10to1

Alibaba

BABA-WR

Alibaba HK SDR 5to1

Xiaomi Corporation

XIAOMI-WR

Xiaomi HK SDR 2to1

SMIC HK SDR 5to1

JD HEALTH-R

BIDU-SWR

Baidu

ZTO Express

WuXi AppTec

HSI Down 290 pts; HSTI Down 55 pts; POP MART Up over 5%; CHINA RES LAND, CHINA OVERSEAS, FIH, PCCW Hit New Highs

In a report released on May 6, from HSBC maintained a Buy rating on China Overseas Land & Investment, with a price target of HK$16.50. The company’s shares closed last Friday at HK$14.97.Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks China Overseas Land & Investment has an analyst consensus of Strong Buy, with a price target consensus of HK$15.67.

HSBC HOLDINGS

HSBC

HSBC Holdings Plc

HSBC Holdings plc ADRhedged

HSBC 5xShortSG241213

HSBC Keeps Their Buy Rating on China Overseas Land & Investment (CAOVF)

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Citi has upgraded its view on the Chinese home sector to "Positive" following a 31% YoY increase in secondary home transactions during the May Day Golden Week in 25 key cities. Notable growth was seen in cities like Dongguan and Wuhan. The report anticipates continued strong sales momentum into 2H2026, supported by easing policies in 16 cities. Citi's top stock picks include CHINA OVERSEAS and CHINA JINMAO, both showing sales growth in early 2026, alongside other favorable stocks in the sector.

CHINA JINMAO

Citigroup

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CITIGROUP INC 6.250 NON CUM SER II PFD WI

Citi Lifts CN Home Sector to Positive on Strong May Day Sales; Top Picks CHINA OVERSEAS , CHINA JINMAO

JPM's research report indicates that the CN Home sector experienced a 31% YoY increase in secondary transactions during the May Day Golden Week, contributing to a 5% rise on May 6. The bank anticipates a further 20% upside for the sector, potentially reaching its peak by October 2024. If positive data continues, another rally of over 30% could occur by mid-summer. Top stock picks include CHINA OVERSEAS, CHINA RES LAND, and CHINA JINMAO, all rated as Overweight with adjusted target prices.

JPMorgan Chase

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

JPM: CN Home May Day Golden Week Secondary Transactions +31% YoY, Sees About 20% Further Upside for Sector

中国海外发展（688.HK）现价 15.040，当日 +7.51%，盘中刷新 52 周新高，市值 1640 亿。公司为内地领先地产开发商，近期受港股内房板块整体提振，多股同步上涨。晨星维持每股公允价值估值，称其估值仍处低位，市场关注资金成交与估值修复机会。

Movers Alert

China Overseas (688.HK) Hits 52-Week High Intraday

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CHINA OVERSEASshares rose 4.07% to HKD14.56 after HSBC Research upgraded its rating from Hold to Buy, increasing the target price from HKD13.4 to HKD16.5. The report highlights the company's strong presence in tier-one cities, which comprise 60% of its saleable resources, and a 14% year-on-year sales growth in the first four months of the year. The broker notes attractive valuations with a forecast 2027 PE of 10.4x and a PB of 0.3x, indicating potential for earnings recovery.

CHINA OVERSEAS  Rises 4% as HSBC Research Upgrades to Buy

CHINA OVERSEASreported a 27.5% YoY decline in operating profit to RMB4.11 billion for Q1, despite a 0.8% increase in revenue to RMB37.04 billion. Contracted property sales rose 11% YoY to RMB51.52 billion, with a sales area of 1.82 million square meters. The company acquired three land parcels in two mainland cities and Hong Kong, adding 130,000 square meters of gross floor area at a land premium of RMB2.13 billion.

CHINA OVERSEAS  1Q Operating Profit RMB4.11 Billion, Down 27.5% YoY

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SIGENERGY(06656) rose 10.17%, with a trading turnover 468.6 Million HKD, and a year-to-date rose 80.4%. CHINA OVERSEAS(00688) rose 8.89%, with a trading turnover 824.1 Million HKD, and a year-to-date rose 9%. WH GROUP(00288) fell 5.77%, with a trading turnover 898.8 Million HKD, and a year-to-date rose 14.9%. BIREN TECH(06082) fell 5.45%, with a trading turnover 369.4 Million HKD, and a year-to-date rose 119.7%.

- The Hang Seng Index increased by 1.68%, with a year-to-date rise of 1.9%.  
- Several stocks showed notable movements: Sihg New Energy rose by 10.17%, China Overseas Development gained 8.89%, while WH Group and Bilan Technology fell by 5.77% and 5.45%, respectively.  
- Year-to-date performance varied, with Sihg New Energy up 80.4% and Bilan Technology up 119.7%, while WH Group's increase was 14.9% and China Overseas Development was up 9%.

Top Gainers&Losers

SIGENERGY

COSCO SHIP ENGY

NIO-SW

TIANQI LITHIUM

WH GROUP

BIREN TECH

HUA HONG SEMI

CM BANK

MONTAGE TECH

Top 5 HK Stock Gainers/Losers (>100B) (4.29)

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Hong Kong homebuyers are showing strong demand for new flats, leading to brisk sales for developers. The Pavilia Farm III project sold all 88 units in one day, prompting further sales. Other projects like KT Marina II and Cloudview also saw significant sales. Despite some slower sales, experts believe the overall homebuying sentiment will remain steady, with an upward trend in the market. The residential market has risen by 8% since April last year, with new developments expected to continue attracting buyers. However, uncertainty over interest rates remains a concern.

JP-COVS@EC2611A(29018.HK)

China Overseas Land & Investment Posts Higher Sales and Expands Land Bank in Early 2026

HSI Down 290 pts; HSTI Down 55 pts; POP MART Up over 5%; CHINA RES LAND, CHINA OVERSEAS, FIH, PCCW Hit New Highs

HSBC Keeps Their Buy Rating on China Overseas Land & Investment (CAOVF)

Citi Lifts CN Home Sector to Positive on Strong May Day Sales; Top Picks CHINA OVERSEAS , CHINA JINMAO

JPM: CN Home May Day Golden Week Secondary Transactions +31% YoY, Sees About 20% Further Upside for Sector