Previous close | 0.2648 |
Open | 0.3876 |
Bid | N/A x N/A |
Ask | N/A x N/A |
Day's range | 0.3876 - 0.3876 |
52-week range | 0.2648 - 0.9573 |
Volume | |
Avg. volume | 398 |
Market cap | 20.366B |
Beta (5Y monthly) | 0.77 |
PE ratio (TTM) | 3.52 |
EPS (TTM) | 0.1100 |
Earnings date | N/A |
Forward dividend & yield | 0.05 (17.76%) |
Ex-dividend date | 21 July 2023 |
1y target est | N/A |
(Bloomberg) -- One of China’s biggest property firms delayed its earnings report while another posted a record profit decline as the nation’s real estate crisis shows no signs of easing.Most Read from BloombergTesla’s $25,000 Car Means Tossing Out the 100-Year-Old Assembly LineBankman-Fried Is Sentenced to 25 Years in Prison Over FTX CollapseApple Plans New iPad Pro for May as Production Ramps Up OverseasUBS Banker’s Frustration Exposes Cracks in World of Climate FinanceDubai Is Losing Its Allur
A rare Beijing directive to help Vanke beat a liquidity crisis has left lenders scrabbling for the assets that the state-backed developer has proposed for collateral, as parties pull out all the stops to arrest deterioration in the property sector. China Vanke is gasping for funding after sales in both January and February fell below the monthly break-even point of 20 billion yuan ($2.8 billion), meaning cash flowed out of the business, an internal memo showed. China's property sector has been in the throes of a crisis since mid-2021.
(Bloomberg) -- China Vanke Co. posted its biggest sales decline in six years, adding to the woes of the Chinese property developer that’s trying to stave off its first-ever debt default. Most Read from BloombergA $2 Billion Airport Will Test Modi’s Mission, Adani’s AmbitionsApple Buys Canadian AI Startup as It Races to Add FeaturesBitcoin Extends Retreat From Record as ‘Bubble’ Talk EscalatesMillennium Trader Scored $40 Million Windfall in Egypt FX PlungeSpaceX Starship Nears Orbit, But Is Lost