{"ticker": {"uuid": "f21173c9-9ca2-48fe-950f-1b7f90c1b9dd", "symbol": "0978", "name": "China Merchants Land Limited", "exchange": "HKG", "asset_type": "equity"}, "latest_week": "2026-06-12", "summary": "0978 closed the latest completed week at 0.25 HKD. The 4-week return is -9.1% and the 12-week return is 0.8%. Trend Signal is inactive, Market Dynamics is 0.25.", "description": "China Merchants Land Limited, an investment holding company, engages in the development, management, lease, investment, and sale of properties. It operates through Properties and Asset Management segments. The company develops residential properties; and residential and commercial complex properties, such as apartments, villas, offices, retail shops, etc. It also provides asset management services for office premises and shopping malls; and real estate investment trust management services. The company has a portfolio of property development projects in Guangzhou, Nanjing and Jurong, Chongqing, and Xi'an in Hong Kong. The company was formerly known as Tonic Industries Holdings Limited. China Merchants Land Limited was founded in 1997 and is headquartered in Central, Hong Kong. China Merchants Land Limited is a subsidiary of Success Well Investments Limited.", "setup_signature": "Risk-first tape", "composite_score": "29", "kpis": [{"label": "Latest Close", "value": "0.25 HKD", "hint": "2026-06-12"}, {"label": "1W Return", "value": "-9.1%", "tone": "negative", "hint": "latest completed week"}, {"label": "4W Return", "value": "-9.1%", "tone": "negative", "hint": "short-term follow-through"}, {"label": "12W Return", "value": "0.8%", "tone": "positive", "hint": "quarterly tape"}, {"label": "Trend Breadth", "value": "40.4%", "hint": "21 of 52 weeks active"}, {"label": "Volume Ratio", "value": "0.6x", "hint": "vs 13-week average"}], "classification": {"exchange": "HKG", "country": "HK", "sector": "Real Estate", "industry": "Real Estate - Diversified", "currency": "HKD", "market_cap": "1.4B"}, "price": {"trend_line": "0.27 HKD", "fair_value": "0.28 HKD", "vs_trend": "-7.3%", "vs_fair_value": "-12.2%", "high_52": "0.33 HKD", "low_52": "0.21 HKD", "drawdown": "-23.1%", "range_position": "35.3%"}, "momentum": {"returns": [{"label": "1W", "value": -9.090909090909099, "value_label": "-9.1%", "tone": "negative", "width": 25.974025974026}, {"label": "4W", "value": -9.090909090909099, "value_label": "-9.1%", "tone": "negative", "width": 25.974025974026}, {"label": "12W", "value": 0.8064516129032264, "value_label": "0.8%", "tone": "positive", "width": 4}, {"label": "26W", "value": -12.280701754385957, "value_label": "-12.3%", "tone": "negative", "width": 35.08771929824559}, {"label": "52W", "value": 13.636363636363635, "value_label": "13.6%", "tone": "positive", "width": 38.96103896103896}], "trend_streak": 0, "active_weeks": 21, "active_breadth": "40.4%", "peer": {"scope": "HK Real Estate", "count": 249, "rank": 225, "percentile": 9.677419354838712, "avg_weekly_return": -1.394328138914688}}, "setup": {"scores": [{"label": "Trend", "value": 22.211538461538463, "value_label": "22", "width": 22.211538461538463, "tone": "negative", "description": 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"Market Dynamics", "value": "No fresh buy", "tone": "neutral"}, {"label": "Price vs Trend", "value": "-7.3%", "tone": "negative"}, {"label": "Volume", "value": "0.6x", "tone": "neutral"}], "opportunities": ["Market Dynamics is positive on the latest completed week."], "risks": ["Trend Signal is inactive, so price action has not confirmed a constructive regime.", "Price is below the Trend Line, which keeps downside pressure in focus.", "Price is below Fair Value, so the market is still discounting the latest tape.", "The share remains more than 20% below its 52-week high.", "The latest week was a sharp negative move."], "watch_points": ["Trend Line remains the key weekly regime level.", "Market Dynamics is the pressure gauge to monitor for confirmation or fade.", "A volume ratio above 1.5x would show stronger participation in the next move."], "recent_rows": [{"week": "2026-06-12", "close": "0.25 HKD", "weekly_return": -9.090909090909099, "weekly_return_label": "-9.1%", 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