Property News · July 26, 2017

Evergrande shares soar on forecast its profit would triple


Shares of China Evergrande Group jumped by the most in almost two months on the Hong Kong stock exchange, after the developer said its first-half profit would triple, driven by China’s soaring property prices and increasing sales.
Evergrande shares jumped as much as 15.2 per cent to an intraday high of HK$20.40 in Hong Kong. The stock price had quadrupled in the past year, boosting the company’s market valuation to HK$260 billion (US$33.3 billion).
Guangzhou-based Evergrande’s…

Source : South China Morning Post
Read more…Evergrande shares soar on forecast its profit would triple

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