Previous Close | 3.8500 |
Open | 3.8500 |
Bid | 3.8500 x 0 |
Ask | 3.8600 x 0 |
Day's Range | 3.8300 - 3.8900 |
52 Week Range | 3.5300 - 9.1100 |
Volume | |
Avg. Volume | 91,749,760 |
Market Cap | 17.381B |
Beta (5Y Monthly) | 0.87 |
PE Ratio (TTM) | 19.25 |
EPS (TTM) | 0.2000 |
Earnings Date | N/A |
Forward Dividend & Yield | 0.14 (3.53%) |
Ex-Dividend Date | Aug 29, 2023 |
1y Target Est | 5.03 |
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.
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.