SEHK:978Real Estate
China Merchants Land (SEHK:978) Stock Faces Mounting Losses And Funding Strain
China Merchants Land entered these results with the stock down over the past quarter and trading at a very low price-to-sales multiple versus Hong Kong real estate peers. The headline from this half year is not the top line. It is the ongoing drag from losses and the strain this puts on a balance sheet that already struggles to cover interest costs from earnings.
H1 2026 revenue of C¥3,857.21m sits against a fresh net loss of C¥226.95m and another loss per share. For you as a shareholder, the...