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 | 396 |
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 | Jul 21, 2023 |
1y Target Est | N/A |
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
(Bloomberg) -- Cash-strapped Chinese developer China Vanke Co. has been fighting to avoid its first-ever default, and while investors’ fears of an imminent meltdown appear to be easing, its long-term prospects are less clear.Most Read from BloombergPutin Says Ukraine Deal Requires Security Pledges for RussiaUS House Passes Bill That Would Force TikTok Sale or Ban ItUkraine Hits Third Russian Refinery in Escalating Drone StrikesEx-Wall Street Banker Takes On AOC in New York Democratic PrimaryPhys