Business Maverick: China’s biggest builder warns core profit could plunge 70%

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 84%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

Country Garden Holdings has warned that first-half earnings probably tumbled by as much as 70% amid an escalating property crisis in the country.

The Foshan-based company said preliminary core profit could reach 4.5 billion yuan to 5 billion yuan for the first six months of the year, down from 15.2-billion yuan a year earlier, according to a filing on Thursday.

Country Garden “will not be the only one”, said Shujin Chen, analyst at Jefferies Financial Group. Chen expects more private developers to report 25% profit declines in the first half given weak sales. Country Garden said net income in the first half reached about 200 million yuan to 1 billion yuan, down from 15 billion yuan a year earlier. The company expects to report full results in the second half of August.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 3. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Business Maverick: No China Stimulus Good Enough for Stocks Fixated on Covid CurbsChina is ramping up efforts to revive its economy and boost market confidence. But, stock investors preoccupied with the damage inflicted by the nation’s strict Covid-Zero strategy aren’t buying it.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »

Business Maverick: Sweden Turns to Burning Oil as Power Prices Soar to RecordSweden is relying on an old oil-fired power plant to keep the lights on in the south as a dearth of wind generation and nuclear outages sends prices to a record. And we in south africa are betting on renewable like wind to solve our power crisis. Renewable are not consistent and reliable. So, now it’s ok for Sweden to pollute the atmosphere? Where are all the environmental activists? Greta Thurnburg is a Swede nogal! Frauds, the lot!
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »

Business Maverick: Glazer Family Open to Selling a Stake in Manchester United FC, Sources SayThe Glazer family would consider selling a minority stake in Manchester United FC, people familiar with the matter said, as pressure mounts on their ownership of the historic English football club.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »

Business Maverick: Bolsonaro’s $8 Billion Stimulus Bet Falls Flat in New PollsPresident Jair Bolsonaro poured big money into the Brazilian economy to improve his re-election chances. So far, it hasn’t paid off.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »

Business Maverick: Stocks drop, treasuries climb as sentiment sours: markets wrapAsian stocks fell and Treasuries rose after Federal Reserve minutes showed officials face a delicate balancing act to quell inflation while averting recession and as investors weighed a dim Chinese economic outlook.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »