BI-COVS@EC2611A

UBS Upgrades China Overseas Development Rating to Buy

China Overseas Development Reports 20% YOY Increase in Contracted Property Sales Revenue in April

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

RADIANCE HLDGS

ANCHORSTONE

RIVERINE CHINA

REACH NEW HLDGS

FINELAND LIVING

NUR HOLDINGS

GOLDEN LEAF INT

UBOT HOLDING

MAN YUE TECH

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The Tung Chung Town Lot No. 54 closed for tender today, receiving six bids from developers including K. WAH INT'L, CHINA OVERSEAS, SHK PPT, and a consortium of SINO LAND and KERRY PPT. The site, covering approximately 152,332 square feet, is designated for private residential use and is expected to yield around 1,000 residential units.

AASTOCKS News

TST PROPERTIES

CHINA OVERSEAS

K. WAH INT'L

CH OVS G OCEANS

SHK PPT

KERRY PPT

SINO LAND

SHK PPT-R

Lands Dept: Tung Chung Residential Site Receives 6 Bids

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Daiwa's research report indicates that while CN Home sector stocks have rebounded over 20% since April, the recovery is not seen as structural due to ongoing lack of confidence among developers and homebuyers. Property sales exceeded expectations, particularly in Tier-1 cities, but high-end housing sales remain down 25% YoY. Daiwa favors state-owned developers like CHINA RES LAND and CHINA OVERSEAS, both rated Buy, as they are better positioned in the current market. The report warns of potential correction risks despite short-term price increases.

CHINA RES LAND

Daiwa Securities Group Inc.

Daiwa: CN Home Not in Full Recovery; Top Picks CHINA RES LAND  and CHINA OVERSEAS

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CHINA OVERSEASsaw a 1.7% increase in stock price after M Stanley upgraded its rating from Neutral to Buy, raising the target price from HKD13.8 to HKD25. The report highlights the company's strong position in tier-one cities, with expectations of a 10% YoY growth in contracted sales in 2026. M Stanley also increased its earnings forecasts for 2026-2028 by an average of 58%, anticipating stabilizing home prices and significant new project launches in Shanghai and Shenzhen.

Yinhua CSI Interior Real Estate Theme ETF

GF CSI All Share Financials ETF

ChinaAMC CSI All Share Real Estate ETF

China Southern CSI All Share Real Estate ETF

Morgan Stanley

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

CHINA OVERSEAS  +1.7%; M Stanley Upgrades to Buy, Lifts TP to HKD25

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China Jinmao Holdings Group Limited has renewed its shareholder loan framework with Ping An and China Overseas Development, establishing a new three-year agreement for intra-group financing. This arrangement allows for continued shareholder loans in proportion to equity stakes, while adhering to Hong Kong listing rules. Ping An, holding a 13.23% stake, is classified as a connected person, necessitating oversight under Chapter 14A. The loans to China Overseas Development are not considered connected transactions. The latest analyst rating for China Jinmao stock is a Buy with a target price of HK$1.70.

Tip Ranks

Ping An Insurance

Ping An

PING AN

CHINA JINMAO

Hwabao WP CSI 800 Real Estate ETF

China Jinmao renews shareholder loan framework with Ping An and China Overseas partner

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Yesterday, China Overseas Development's stock price closed at HKD 23.2, with a trading volume of approximately HKD 450 million, fully reflecting the stock's activity in the real estate sector. The MACD daily line formed a golden cross above the zero axis, indicating that bullish momentum has re-emerged after a phase of consolidation, and the short-term upward trend is expected to continue. From a time perspective, the stock price has confirmed key support levels, suggesting that market expectations for a rebound are relatively stable. On the news front, signs of easing property policies in mainland China are emerging, and market funds are re-gathering in the real estate sector. Hong Kong stocks in real estate are also benefiting, with companies like China Resources Land and Longfor Group strengthening simultaneously. As a leading real estate enterprise, China Overseas Development's stability and market recognition are both positively impacted. Additionally, with improving Sino-U.S. relations, market risk appetite has increased, further enhancing the environment for overall valuation recovery in the sector. From a technical perspective, after a long period of consolidation, the appearance of the MACD golden cross provides support for the short-term technical outlook, and the moving average system is gradually shifting to a bullish arrangement, forming a strong support system. After a breakout with increased volume, the stock price is expected to maintain its operation within an upward channel in the short term. Although trading volume has increased, caution is still needed regarding the potential impact of large profit-taking at high levels on future market performance. In terms of risks, the real estate industry still needs to pay attention to policy changes, fluctuations in sales data, and macro-control risks. Investors should carefully assess their own risk tolerance. Additionally, keep an eye on how changes in news may potentially impact market capitalization. This article provides only technical analysis and market information for reference and does not constitute any investment advice

Technical Forecast

LONGFOR GROUP

Pre-market trend | China Overseas (0688.HK) shows strength on May 11, is an industry recovery expected?

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Yesterday's closing price for New Hope Service was HKD 2.0, with a trading volume of approximately HKD 890,000. The volume is relatively low, but the stock price remains around the integer level. The MACD daily line has formed a golden cross signal above the zero axis. Although the trading volume has not significantly increased, the bullish momentum has begun to regroup technically, and the short-term trend is shifting from weak fluctuations to a slightly bullish consolidation. The stock price has been consolidating around HKD 2, with the bottom gradually solidifying. On the news front, the property management sector has recently performed actively due to the favorable real estate policies. China Resources Land rose over 4%, and China Overseas Development increased nearly 3%, with the recovery expectations in the real estate chain being transmitted to the property management sub-sector. As a representative of property management companies in the Southwest region, New Hope Service has steadily increased its managed area and has certain expansion space in community value-added services, backed by the industrial resources of New Hope Group. The improvement in diplomatic interactions between the Chinese and U.S. presidents has boosted market sentiment, and undervalued defensive stocks are expected to attract marginal funds. Technically, the HKD 2.0 integer level is currently the core support level, with the stock price receiving support multiple times in this area. After the MACD golden cross is confirmed, if the subsequent trading volume can increase to several million HKD, the upward momentum will be further strengthened. The current trading volume of HKD 890,000 is at a low level, and a breakthrough still requires a catalyst. Recently, the peer company Binjiang Service has shown a strong trend, and the sector's linkage effect is expected to gradually spread to small and mid-cap property management stocks. On the risk side, the ultra-low trading volume indicates extremely limited liquidity, and prices may experience significant fluctuations due to a small number of sell orders

NEW HOPE SERV

New Hope

BINJIANG SER

Pre-market trend | New Hope Service (3658.HK) shows clear signs of stabilization with reduced volume on May 11, is a rebound window approaching?

CHINA OVERSEASreported a 20% year-on-year increase in contracted property sales for April, totaling approximately RMB24.191 billion. Cumulative sales for the first four months rose 13.7% to about RMB75.711 billion. The company added four land parcels in various cities and acquired land for a new development project in Hong Kong. As of April 30, subscribed property sales reached approximately RMB11.608 billion, expected to convert into contracted sales soon. The cumulative newly added gross floor area for the year was about 0.6339 million square meters.

CHINA OVERSEAS Apr Contracted Property Sales Up 20% YoY; 4M26 Up 13.7%

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.

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.

Hang Seng TECH Index

Hang Seng Index

Tencent Holdings Limited

POP MART

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

160 HEALTH

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.

BI-COVS@EC2611A(29111.HK)

Lands Dept: Tung Chung Residential Site Receives 6 Bids

Daiwa: CN Home Not in Full Recovery; Top Picks CHINA RES LAND and CHINA OVERSEAS

CHINA OVERSEAS +1.7%; M Stanley Upgrades to Buy, Lifts TP to HKD25

China Jinmao renews shareholder loan framework with Ping An and China Overseas partner

Pre-market trend | China Overseas (0688.HK) shows strength on May 11, is an industry recovery expected?