China Vanke's Profitability Could Remain Subdued

Dow Jones07-20 15:25

0725 GMT - China Vanke's profitability is likely to remain subdued as any improvements in asset quality and selling prices could take time, says Morningstar's Jeff Zhang in a note. He estimates the Chinese property company's 1H contracted sales fell over 40% on year in 1H amid continued sector weakness. He expects Vanke to stay lossmaking through 2028, and lowers his 2026-2030 gross margin assumptions by 160-240 bps. Still, ongoing support from Vanke's largest shareholder should help ease liquidity pressures, he adds. Morningstar trims its fair-value estimate for Vanke's Shenzhen-listed shares to 3.30 yuan from 4.00 yuan and for its Hong Kong-listed shares to HK$3.70 from HK$4.40. Shares closed at 3.15 yuan in Shenzhen and fall 1.2% in Hong Kong to HK$2.45.(megan.cheah@wsj.com)

(END) Dow Jones Newswires

July 20, 2026 03:25 ET (07:25 GMT)

At the request of the copyright holder, you need to log in to view this content

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/2652987772?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-20 15:25","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2652987772","market":"nz","top_or_hot":-1,"title":"China Vanke's Profitability Could Remain Subdued","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0725 GMT - <a href=\"https://laohu8.com/S/CHVKF\">China Vanke</a>'s profitability is likely to remain subdued as any improvements in asset quality and selling prices could take time, says Morningstar's Jeff Zhang in a note. He estimates the Chinese property company's 1H contracted sales fell over 40% on year in 1H amid continued sector weakness. He expects Vanke to stay lossmaking through 2028, and lowers his 2026-2030 gross margin assumptions by 160-240 bps. Still, ongoing support from Vanke's largest shareholder should help ease liquidity pressures, he adds. Morningstar trims its fair-value estimate for Vanke's Shenzhen-listed shares to 3.30 yuan from 4.00 yuan and for its Hong Kong-listed shares to HK$3.70 from HK$4.40. Shares closed at 3.15 yuan in Shenzhen and fall 1.2% in Hong Kong to HK$2.45.(megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 20, 2026 03:25 ET (07:25 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"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>China Vanke's Profitability Could Remain Subdued</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\">\nChina Vanke's Profitability Could Remain Subdued\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-20 15:25</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0725 GMT - <a href=\"https://laohu8.com/S/CHVKF\">China Vanke</a>'s profitability is likely to remain subdued as any improvements in asset quality and selling prices could take time, says Morningstar's Jeff Zhang in a note. He estimates the Chinese property company's 1H contracted sales fell over 40% on year in 1H amid continued sector weakness. He expects Vanke to stay lossmaking through 2028, and lowers his 2026-2030 gross margin assumptions by 160-240 bps. Still, ongoing support from Vanke's largest shareholder should help ease liquidity pressures, he adds. Morningstar trims its fair-value estimate for Vanke's Shenzhen-listed shares to 3.30 yuan from 4.00 yuan and for its Hong Kong-listed shares to HK$3.70 from HK$4.40. Shares closed at 3.15 yuan in Shenzhen and fall 1.2% in Hong Kong to HK$2.45.(megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 20, 2026 03:25 ET (07:25 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0174","symbol_name":"增持","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2652987772","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2652987772","pubTimestamp":1784532300,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0725 GMT - China Vanke's profitability is likely to remain subdued as any improvements in asset quality and selling prices could take time, says Morningstar's Jeff Zhang in a note. He estimates the Chinese property company's 1H contracted sales fell over 40% on year in 1H amid continued sector weakness. He expects Vanke to stay lossmaking through 2028, and lowers his 2026-2030 gross margin assumptions by 160-240 bps. Still, ongoing support from Vanke's largest shareholder should help ease liquidity pressures, he adds. Morningstar trims its fair-value estimate for Vanke's Shenzhen-listed shares to 3.30 yuan from 4.00 yuan and for its Hong Kong-listed shares to HK$3.70 from HK$4.40. Shares closed at 3.15 yuan in Shenzhen and fall 1.2% in Hong Kong to HK$2.45. Dow Jones NewswiresJuly 20, 2026 03:25 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK0174":"增持","BK0180":"装配式建筑","BK0178":"特色小镇","BK0196":"行业龙头","BK0187":"一线龙头","LU2148510915.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"R\" (USD) ACC","000002":"万科A","BK0086":"举牌","BK0028":"国家队","LU1328615791.USD":"FULLERTON LUX FUNDS - ALL CHINA EQUITIES \"I\" (USD) ACC","BK0273":"房地产","LU1064130708.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"I\" (USD) ACC","LU1064131003.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"A\" (USD) ACC","BK0157":"深圳前海新区","BK0188":"融资融券"},"translate_title":"中国万科的盈利能力可能仍然低迷","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"000002":0.9},"content_text":"0725 GMT - China Vanke's profitability is likely to remain subdued as any improvements in asset quality and selling prices could take time, says Morningstar's Jeff Zhang in a note. He estimates the Chinese property company's 1H contracted sales fell over 40% on year in 1H amid continued sector weakness. He expects Vanke to stay lossmaking through 2028, and lowers his 2026-2030 gross margin assumptions by 160-240 bps. Still, ongoing support from Vanke's largest shareholder should help ease liquidity pressures, he adds. Morningstar trims its fair-value estimate for Vanke's Shenzhen-listed shares to 3.30 yuan from 4.00 yuan and for its Hong Kong-listed shares to HK$3.70 from HK$4.40. Shares closed at 3.15 yuan in Shenzhen and fall 1.2% in Hong Kong to HK$2.45.(megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 20, 2026 03:25 ET (07:25 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"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,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","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/2652987772","isCrawlerRequest":true}