Reuters logo
China developer Evergrande shares set to jump after upbeat earnings
April 1, 2014 / 1:35 AM / 3 years ago

China developer Evergrande shares set to jump after upbeat earnings

A labourer (R) gestures to his colleague outside their dormitory at a residential construction site of Evergrande, near a wall painted with the company logo, in Guangzhou, Guangdong province June 22, 2012. REUTERS/Stringer

HONG KONG (Reuters) - Shares in Evergrande Real Estate Group (3333.HK) were set to open up 9 percent in Hong Kong after the developer reported a 49 percent rise in full-year net profit and said it expected China’s property market to improve.

Evergrande's stock was set to open at HK$4.00, outpacing a 0.6 percent gain for Hong Kong's benchmark Hang Seng Index .HSI

Reporting By Anne Marie Roantree; Editing by Paul Tait

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below