News: China Resources Land Ltd (1109.HK)

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Tue, Aug 19 2014

UPDATE 1-China Resources Land says residential market stabilising, but bubbles remain

* Full-year sales could fall short of target-chairman (Adds company comment, other details)

China Resources Land expects residential market to stabilise in H2

HONG KONG, Aug 19 - Property developer China Resources Land said on Tuesday it expects China's residential market to stabilise in the second half of the year, while some cities could see growth thanks to policy easing.

China Resources Land says H1 core profit up 84 pct

HONG KONG, Aug 19 - Chinese developer China Resources Land Ltd said on Tuesday its core profit was up 83.7 percent and it is confident it will reach its full-year sales target even though it has only achieved 43 percent of it in the first seven months.

Hong Kong, China share benchmarks soft but on track for best month since 2012

* Yili rises on reports saying executives bought more shares

Fitch Rates China Resources Land's USD Notes 'BBB+(EXP)'

(The following statement was released by the rating agency) HONG KONG/SINGAPORE, May 08 (Fitch) Fitch Ratings has assigned China Resources Land Ltd's (CR Land; BBB+/Stable) proposed US dollar senior unsecured notes an expected 'BBB+(EXP)' rating. The notes will be issued under its USD2bn medium-term note programme and will be consolidated with the USD450m 4.375% notes due 2019 issued on 27 February 2014 to form a single series. The notes are rated at the same level as CR Land's senior unsec

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