- China Vanke reported contracted sales of 24.51 billion yuan in March.
- The year-to-date (YTD) contracted sales amounted to 57.98 billion yuan.
- There was a decrease in YTD contracted sales by 43% compared to the previous year.
- The company received 9 buys, 10 holds, and 1 sell ratings.
- All comparisons to past results are based on values reported by the company’s original disclosures.
China Vanke (H) on Smartkarma
Smartkarma, an independent investment research network, has recently published several insightful reports on China Vanke (H), a real estate company in China. The reports, written by top independent analysts such as Fern Wang, Steve Zhou, and Travis Lundy, provide valuable information and analysis on the current state and future prospects of the company.
According to Fern Wang‘s report, there are some concerns among insurers regarding China Vanke’s financial situation. With declining contract sales, a deteriorating cash position, and shrinking financing ability, the company is being closely monitored. However, as reported, China Vanke has sufficient funding to repay its bond due on March 11th and is also lining up a syndication loan. This warrants close monitoring as the company works to improve its financial standing.
On the other hand, Steve Zhou, CFA, believes that the recent decline in China Vanke’s bond and stock prices presents a short-term trading opportunity. The company’s conference call with Shenzhen SASAC and Shenzhen Metro, its major shareholder, showed strong support for the company. This, according to Steve, makes it a good time to buy China Vanke’s stock and bonds.
In another report by Travis Lundy, it is noted that China Vanke is seeing net buying in the SOUTHBOUND market. This means that there is an influx of money into the company’s stock from investors outside of China. Additionally, Meituan, a popular Chinese e-commerce platform, has been seeing consistent inflows for over a month. This is a positive sign for China Vanke, as it is a major shareholder in Meituan. However, oil and telecom SOEs are seeing outflows in the SOUTHBOUND market.
A look at China Vanke (H) Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
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 high scores across the board on the Smartkarma Smart Scores, indicating a positive long-term outlook for the company. With a perfect score of 5 in both Value and Dividend, investors can expect strong returns from this property development company. Additionally, its score of 3 in Momentum suggests that China Vanke (H) has been performing well in the market, making it an attractive choice for potential investors.
As one of the leading property developers in China, China Vanke (H) has a proven track record of success in developing residential properties in major cities such as Shenzhen, Shanghai, and Beijing. Despite receiving lower scores in Growth and Resilience, the company’s overall strong scores in other areas make it a promising investment for the long-term. With its solid financial foundation and strong performance in the market, China Vanke (H) is well-positioned to continue its success and provide favorable returns to investors.
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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