Three Hong Kong-listed Chinese developers that released their 2018 results on Wednesday missed expectations because of lower-than-expected revenue booking.China Overseas Land & Investment (COLI), the second-largest Hong Kong-traded Chinese developer by market capitalisation, posted an 8.3 per cent increase in core profit while revenue grew just 3.25 per cent.The HK$37.1 billion (US$4.7 billion) core profit missed analysts’ average estimate of HK$39.8 billion polled by Bloomberg, and the HK$171…
Source : South China Morning Post
Read more…Three Hong Kong-listed Chinese developers disappoint investors as earnings miss estimates















