Analysts’ Favorite Stock Plummets on Growing China Property Risks
- China Resources Land falling fastest on Hang Seng Index
- Analysts are most bullish on the shares among gauge’s members
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For a perfect stock, China Resources Land Ltd. is taking a beating.
Shares of the property developer have plummeted 17 percent from this year’s high on Sept. 9, the fastest pace on the city’s benchmark equity gauge. All 33 analysts tracked by Bloomberg have a buy rating on the company, giving a consensus score of 5 out of 5. That’s the highest of any constituent of the Hang Seng Index.