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Million Cities Holdings [02892] is now trading at 0.28 Hong Kong dollars, a decrease of 12.50%.
As of 13:00, China Resources Land Limited [02892] reported a price of 0.28 Hong Kong dollars, down 0.04 Hong Kong dollars or 12.50% from the previous closing price of 0.32 Hong Kong dollars, with a turnover of 0.0011 million Hong Kong dollars. The highest price today is 0.28 Hong Kong dollars, and the lowest price is 0.28 Hong Kong dollars. Based on the closing price of yesterday, the 10-day average price is 0.33 Hong Kong dollars, and the 50-day average price is 0.42 Hong Kong dollars. The current P/E ratio is -0.45 times, and the 14-day RSI is 41.49.
Many real estate stocks surged by over 60%! On the first day of the new policies in Beijing, Shanghai, Guangzhou, and Shenzhen, some people even "bought houses in the air" overnight!
After the opening of the Hong Kong stock market, the real estate sector has the highest increase, with more than several individual stocks still rising by over 60% as of the time of writing.
MILLION CITIES: INTERIM REPORT 2024
Million Cities Holdings Faces Sharp Profit Decline
Million Cities Holdings (02892.HK): Shareholder's attributable loss for the first half of the year was 61.722 million yuan.
On August 26, Glory Holdings (02892.HK) announced that for the six months ending June 30, 2024, it achieved revenue of RMB 46.119 million, a decrease of 85.9% year-on-year; gross profit was RMB 14.757 million, a decrease of 88.2% year-on-year; the company's equity shareholders' share of the loss was RMB 61.722 million, compared to a profit of RMB 0.73 million for the same period last year; basic earnings per share was RMB 8.23.
MILLION CITIES: ANNOUNCEMENT OFUNAUDITED CONSOLIDATED INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 JUNE 2024
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