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China Resources Land Limited (1109.HK)

HKSE - HKSE Delayed Price. Currency in HKD
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35.550+0.550 (+1.57%)
At close: 04:08PM HKT
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Previous Close35.000
Open35.800
Bid35.550 x 0
Ask35.700 x 0
Day's Range35.000 - 36.100
52 Week Range25.500 - 41.050
Volume10,784,896
Avg. Volume12,503,120
Market Cap253.505B
Beta (5Y Monthly)0.54
PE Ratio (TTM)7.72
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.69 (5.01%)
Ex-Dividend DateJun 20, 2022
1y Target EstN/A
  • Reuters

    China developers speed up diversification after debt-led growth fuels crisis

    Chinese developers are heeding Beijing's call and accelerating a push into asset-light businesses such as property services and commercial real estate to cut their reliance on a high-debt, high-turnover model blamed for a liquidity crisis in the sector. KWG Group Holdings, CIFI Holdings and state-backed China Resources Land were among developers that listed diversification plans along with their recent financial results. The diversification moves come even as property companies are targeting asset sales to raise cash for repaying creditors and, according to analysts and developers, will pile cost pressure on the smaller firms.