Chinese developers may report a 30% year-on-year decline in first-half earnings due this month, which will likely weigh on sentiment, according to JPMorgan Chase & Co. analysts.
“No one is immune” amid the industry turmoil and investors’ concerns about the liquidity of most private developers are set to linger, analysts including Karl Chan wrote in a note Sunday, as they downgraded developers including CIFI Holdings Group Co. and KWG Group Holdings Ltd.
China Property Crisis to Hit Developers Earnings, JPMorgan Says & Latest News Update
China Property Crisis to Hit Developers Earnings, JPMorgan Says & More Live News
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China Property Crisis to Hit Developers Earnings, JPMorgan Says & More News Today
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