China Vanke’s Stock Price Plummets to 3.72 HKD, Recording a 1.59% Drop: Time to Sell or Buy?

China Vanke (2202)

3.72 HKD -0.06 (-1.59%) Volume: 126.36M

China Vanke’s stock price currently stands at 3.72 HKD, experiencing a decrease of -1.59% this trading session with a trading volume of 126.36M, reflecting a significant YTD performance decline of -29.68%. Stay updated on 2202’s stock market performance, trends, and investment opportunities.

Latest developments on China Vanke

China Vanke (H) stock price surged 13% today as the Hang Seng Index closed up 106 points, driven by a surge in Chinese developers. This positive movement comes after a period of volatility, with the HSI dropping 331 points recently due to weak performance in chip stocks and Chinese developers. Despite this, CN biotech stocks have been rallying steadily, showing resilience in the face of market pressure. The spike in China Vanke (H) stock price today reflects the overall positive sentiment towards Chinese developers in the market.

China Vanke on Smartkarma

Analyst coverage on China Vanke (H) by Leonard Law, CFA on Smartkarma suggests a bullish sentiment in the market. In the research report titled “Lucror Analytics – Morning Views Asia,” Law highlights the marginal steepening of the UST curve amidst little macro developments. The report also mentions the decline in the yield on the 2Y UST to 3.51% and the unchanged yield on the 10Y UST at 4.09%. Equities, including China Vanke (H), saw a recovery from Monday’s sell-off, with the S&P 500 and Nasdaq rising by 0.2% and 0.6% respectively.

A look at China Vanke Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

China Vanke (H) has received a top score of 5 for its value, indicating a strong outlook in terms of the company’s valuation. This suggests that the company is considered undervalued and may present a good investment opportunity for investors looking for value stocks.

On the other hand, China Vanke (H) has received lower scores for dividend, growth, resilience, and momentum, with scores of 1, 2, 2, and 2 respectively. This indicates that the company may not be as attractive in terms of dividend payouts, growth potential, ability to withstand economic downturns, and momentum in the market. Investors may need to consider these factors when evaluating the long-term outlook for China Vanke (H).

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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