CHINA OVERSEAS (00688) rose nearly 3%. As of the time of writing, the stock was up 2.58% to HK$16.33, with a turnover of HK$634 million. On May 8, CHINA OVERSEAS announced that in April 2026, the contracted property sales value for the China Overseas series of companies was approximately RMB 24.191 billion, representing a year-on-year increase of 20.0%. The corresponding sales area was approximately 802.1 thousand square meters, a year-on-year increase of 9.0%. For the period from January to April 2026, the cumulative contracted property sales value for the China Overseas series of companies was approximately RMB 75.711 billion, a year-on-year increase of 13.7%. The corresponding cumulative sales area was approximately 2.6192 million square meters, a year-on-year decrease of 10.6%. Everbright Securities noted that CHINA OVERSEAS has a distinct brand advantage in property development, with its "COB Good Home LivingOS System" fully implementing the "safe, comfortable, green, and smart" characteristics of quality housing. For the January-April 2026 period, the company's sales value reached RMB 75.71 billion (up 13.7% year-on-year), maintaining a leading position in the industry. The average selling price was RMB 28,900 per square meter (up 27.1% year-on-year), indicating a marginally positive sales trend. The brokerage believes that while the real estate sector is still in a consolidation phase with deepening differentiation among cities and regions, CHINA OVERSEAS maintains a solid leading position, and its sales trend shows marginal improvement.
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