Stock Track | Shimao Group Shares Plummet as Sales Figures Disappoint Amid Real Estate Woes

Stock Track10-14

Shares of Shimao Group Holdings Ltd. plunged 5.81% on Friday, as the Chinese property developer's latest sales figures failed to impress investors amid broader concerns surrounding the real estate sector in China.

In a filing with the Hong Kong stock exchange, Shimao Group reported contracted sales of approximately 25.35 billion yuan (US$3.54 billion) for the first nine months of 2024, with September sales reaching 2.94 billion yuan (US$411 million). While these figures represent a sizable amount, they may not have met market expectations or shown significant growth compared to the previous year, contributing to the stock's decline.

The real estate sector in China has been grappling with various challenges, including tighter regulations, oversupply concerns, and a slowdown in economic growth. These factors have weighed heavily on investor sentiment towards property developers, as concerns mount over their ability to sustain profitability and manage debt levels.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1133934457?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-14 10:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1133934457","market":"us","top_or_hot":-1,"title":"Stock Track | Shimao Group Shares Plummet as Sales Figures Disappoint Amid Real Estate Woes","media":"Stock Track","content":"<p>Shares of Shimao Group Holdings Ltd. plunged 5.81% on Friday, as the Chinese property developer's latest sales figures failed to impress investors amid broader concerns surrounding the real estate sector in China.</p>\n\n<p>In a filing with the Hong Kong stock exchange, Shimao Group reported contracted sales of approximately 25.35 billion yuan (US$3.54 billion) for the first nine months of 2024, with September sales reaching 2.94 billion yuan (US$411 million). While these figures represent a sizable amount, they may not have met market expectations or shown significant growth compared to the previous year, contributing to the stock's decline.</p>\n\n<p>The real estate sector in China has been grappling with various challenges, including tighter regulations, oversupply concerns, and a slowdown in economic growth. These factors have weighed heavily on investor sentiment towards property developers, as concerns mount over their ability to sustain profitability and manage debt levels.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Shimao Group Shares Plummet as Sales Figures Disappoint Amid Real Estate Woes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Shimao Group Shares Plummet as Sales Figures Disappoint Amid Real Estate Woes\n</h2>\n\n<h4 class=\"meta\">\n\n2024-10-14 10:26 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Shimao Group Holdings Ltd. plunged 5.81% on Friday, as the Chinese property developer's latest sales figures failed to impress investors amid broader concerns surrounding the real estate ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00813","symbol_name":"世茂集团","start_time":0,"source_url":"","article_id":"1133934457","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1133934457","pubTimestamp":1728872816,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Shimao Group Holdings Ltd. plunged 5.81% on Friday, as the Chinese property developer's latest sales figures failed to impress investors amid broader concerns surrounding the real estate sector in China.In a filing with the Hong Kong stock exchange, Shimao Group reported contracted sales of approximately 25.35 billion yuan  for the first nine months of 2024, with September sales reaching 2.94 billion yuan . While these figures represent a sizable amount, they may not have met market ex","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00813":"世茂集团"},"translate_title":"股票赛道房地产困境中销售数据令人失望世茂集团股价暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00813":1},"content_text":"Shares of Shimao Group Holdings Ltd. plunged 5.81% on Friday, as the Chinese property developer's latest sales figures failed to impress investors amid broader concerns surrounding the real estate sector in China.\nIn a filing with the Hong Kong stock exchange, Shimao Group reported contracted sales of approximately 25.35 billion yuan (US$3.54 billion) for the first nine months of 2024, with September sales reaching 2.94 billion yuan (US$411 million). While these figures represent a sizable amount, they may not have met market expectations or shown significant growth compared to the previous year, contributing to the stock's decline.\nThe real estate sector in China has been grappling with various challenges, including tighter regulations, oversupply concerns, and a slowdown in economic growth. These factors have weighed heavily on investor sentiment towards property developers, as concerns mount over their ability to sustain profitability and manage debt levels.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1133934457"}