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Gemdale Corporation (600383.SS)

Shanghai - Shanghai Delayed Price. Currency in CNY
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3.85000.0000 (0.00%)
At close: 03:00PM CST
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Previous Close3.8500
Open3.8500
Bid3.8500 x 0
Ask3.8600 x 0
Day's Range3.8300 - 3.8900
52 Week Range3.5300 - 9.1100
Volume55,931,944
Avg. Volume91,749,760
Market Cap17.381B
Beta (5Y Monthly)0.87
PE Ratio (TTM)19.25
EPS (TTM)0.2000
Earnings DateN/A
Forward Dividend & Yield0.14 (3.53%)
Ex-Dividend DateAug 29, 2023
1y Target Est5.03
  • Reuters

    UPDATE 4-Country Garden on brink of default as payment deadline nears

    Country Garden's entire offshore debt will be deemed to be in default if China's largest private property developer fails to make a $15 million coupon payment on Tuesday, the end of a 30-day grace period. With nearly $11 billion of offshore bonds and $6 billion of offshore loans, a default by Country Garden would set the stage for one of China's biggest corporate debt restructurings, as the country's property sector crisis deepens and drags on economic growth. "I think it’s a really high-profile and visceral reminder of just how bad things are for the developers, but the private-sector developers in particular," said Chris Beddor, deputy director of China Research at Gavekal Dragonomics.

  • Reuters

    Stocks, bonds in China's Gemdale dive on property crisis fears

    Stocks and bonds of Chinese property developer Gemdale plunged on Tuesday after the resignation of its chairman, as investors took no chances amid the deepening debt crisis in the country's real estate sector. Ling Ke, 64, had resigned due to health reasons, Shanghai-listed Gemdale said on Monday evening, adding that he would be replaced by President Huang Juncan. It did not elaborate on the health reasons.