"Contracted sales for Mar were $3.4B...a 43%yy decline and follows a 53%yy plunge in Feb...Fitch downgraded Vanke’s rating to junk, joining Moody’s..JPM downgraded Vanke’s shares to underweight frm neutral while slashing its price target by more than 25%."
https://twitter.com/shehzadhqazi/status ... 3539965142
