Tag Archive | "plunge"

Shenzhen automaker BYD sees shares plunge 47%

Shenzhen automaker BYD sees shares plunge 47% BYD, which is based in Shenzhen and makes electric vehicles, batteries and mobile phone handsets, said it could not explain the sudden decrease, which coincided with surging trading volumes in its stock. Local news reports in Hong Kong cited potential … Read more on China Economic Review

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Kaisa Posts Record Plunge as Shenzhen Blocks Property Sales

Kaisa Posts Record Plunge as Shenzhen Blocks Property Sales Kaisa Group Holdings Ltd. (1638) posted a record decline, extending its slump this month to 42 percent, after resuming trading as the developer struggles with more bans on selling real estate in Shenzhen. The company said over the weekend that pre … Read more on Bloomberg

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New and secondhand flat sales plunge in Shenzhen

New and secondhand flat sales plunge in Shenzhen New home transactions in Shenzhen during May plunged 48.8 percent from a year ago while deals involving secondhand flats were down 30 percent, official data showed yesterday. Only 2,547 new flats were sold in the special economic zone last month, … Read more on Hong Kong Standard

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Buffett-Backed Carmaker BYD Says Profit May Plunge by 98%

Buffett-Backed Carmaker BYD Says Profit May Plunge by 98% Shenzhen-based BYD, which gets about half its revenue from autos, also faced faltering car sales in China amid increasing competition. “The solar division is to blame for the poor results and we see no quick turnaround in this troubled division … Read more on Bloomberg

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Mitsubishi Motors, Mazda report China sales plunge

Mitsubishi Motors, Mazda report China sales plunge Chinese look at overturned Japanese cars after an anti-Japan protest in Shenzhen, China's Guangdong Province, Sunday, Aug. 19, 2012. Japanese activists swam ashore and raised flags Sunday on an island claimed by both Japan and China, fanning an … Read more on KPIC

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