onlinecasinorealmoneynodeposit| Changes in Hong Kong stocks| China Overseas Development (00688) rose nearly 6%. Double-digit revenue growth in the first quarter, the company's sales are more resilient

Zhitong Finance APP learnedonlinecasinorealmoneynodeposit, China Overseas Development (00688) rose nearly 6%onlinecasinorealmoneynodeposit, as of press time, up 5onlinecasinorealmoneynodeposit.27%, reported at 12onlinecasinorealmoneynodeposit.78 Hong Kong dollars, with a turnover of 107 million Hong Kong dollars.

On the news front, China Overseas Development announced that for the three months ended March 31, 2024, the group's revenue was RMB 36.50 billion, a year-on-year increase of 14.4%, and operating profit was RMB 6.65 billion. Operating profit excluding net exchange gains and losses increased by 22.2% year-on-year.

Guojin Securities pointed out that the company's sales are relatively resilient, land acquisition focuses on core areas of core cities, and has a high margin of safety. As high-margin projects gradually enter the carry-over cycle, it is expected that future performance is expected to continue to grow. In the first quarter, the company achieved sales of 60.206 billion yuan (including joint ventures), a year-on-year of-28.0%, while the top 100 real estate companies were-49.1% year-on-year.