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Future Land’s share price in Hong Kong closed at HK

Future Land’s share price in Hong Kong closed at HK$1.17 on Monday, 1.7 per cent down on Friday.

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Future Land’s share price in Hong Kong closed at HK$1.17 on Monday, 1.7 per cent down on Friday.

The shares have risen 5.41 per cent over last three months, in line with the Hang Seng Index’s rise of 5.16 per cent over the same period, but they are still lagging two of its main rivals.

“The success of Pokemon Go cannot avoid enhancing investor confidence in AR technology,”he said.

US investment bank Goldman Sachs recently upgraded its outlook for the sector in an equity report, and now forecasts globally it will be worth US$36 billion by 2025, up from its previous US$10 billion.

Pan Ninghe, a research analyst at Chuan Cai Securities, said it’s “reasonable and understandable” that the popularity of Pokemon Go has pricked the interests of Chinese retail investors, because AR-related shares have been gaining among investors globally.

After its launch in the US, Australia and New Zealand last month, Pokemon Go sold 20 million downloads in its first week, without even being promoted.

Born in Shanghai, she holds a master's degree in Journalism from the University of Hong Kong and is a graduate of Waseda University in Japan. A winner in the " Best Young Reporter" category at the 2014 Hong Kong News Awards, Summer previously worked for Phoenix TV and Ming Pao." data-title="Summer Zhen" data-html="true" data-template=" Chinese homebuilder Future Land Development plans to sell units at a new apartment project in Shanghai’s Hongkou district at 120,000 yuan per square metre next year, becoming the most expensive housing in the area.

The price would represent a more than 20 per cent surge on current selling prices in the district.

.17 on Monday, 1.7 per cent down on Friday.

The shares have risen 5.41 per cent over last three months, in line with the Hang Seng Index’s rise of 5.16 per cent over the same period, but they are still lagging two of its main rivals.

“The success of Pokemon Go cannot avoid enhancing investor confidence in AR technology,”he said.

US investment bank Goldman Sachs recently upgraded its outlook for the sector in an equity report, and now forecasts globally it will be worth US billion by 2025, up from its previous US billion.

Pan Ninghe, a research analyst at Chuan Cai Securities, said it’s “reasonable and understandable” that the popularity of Pokemon Go has pricked the interests of Chinese retail investors, because AR-related shares have been gaining among investors globally.

After its launch in the US, Australia and New Zealand last month, Pokemon Go sold 20 million downloads in its first week, without even being promoted.

Born in Shanghai, she holds a master's degree in Journalism from the University of Hong Kong and is a graduate of Waseda University in Japan. A winner in the " Best Young Reporter" category at the 2014 Hong Kong News Awards, Summer previously worked for Phoenix TV and Ming Pao." data-title="Summer Zhen" data-html="true" data-template=" Chinese homebuilder Future Land Development plans to sell units at a new apartment project in Shanghai’s Hongkou district at 120,000 yuan per square metre next year, becoming the most expensive housing in the area.

The price would represent a more than 20 per cent surge on current selling prices in the district.

“There is no doubt the selling price will reach 120,000 yuan per square metre,” chairman Wang Zhenhua said at the company’s interim results briefing on Monday.

“If the economy continues to slow, the government won’t crack down on real estate.” For the company’s own fundraising for expensive land, Chan said it could find partners to jointly develop projects in future.

The company saw its core profit jump 121 per cent year on year to 306 million yuan during the period. Average selling prices increased 15.5 per cent to 10,366 yuan per square metre.

“We will have to wait another two or three years, at least, to see the real benefits coming from AR technology,” Pan added.

A technology researcher from Shenzhen, who asked not to be named, said he’s keeping an eye on China’s AR market, but also doesn’t think the time is right yet to invest in it as there are few startups showing any significant promise in the technology Pan, however, does think AR-related stocks are likely to continue rising if the blockbuster game becomes available in Asia.

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