Shares of Country Garden (02007.HK) are soaring 5.26% in pre-market trading on Tuesday, following the company's announcement of robust contracted sales for March 2025. The Chinese property developer reported sales figures that have apparently boosted investor confidence in the stock.
According to the company's statement released late Monday, Country Garden achieved contracted sales of approximately RMB 3.21 billion in March 2025. This performance comes amid ongoing challenges in China's real estate sector, suggesting that Country Garden may be navigating the market conditions better than some of its peers.
The strong sales figures are likely driving positive sentiment among investors, who may see this as a sign of the company's resilience and potential for growth. As the Chinese property market continues to evolve, Country Garden's ability to maintain solid sales could position it favorably in the competitive landscape. However, investors will be watching closely to see if this positive momentum can be sustained in the coming months.
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