Country Garden Services Holdings Company Limited (CTRGF)
| Previous Close | 0.6104 |
| Open | 0.6104 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's Range | 0.6104 - 0.6104 |
| 52 Week Range | 0.6104 - 1.7300 |
| Volume | |
| Avg. Volume | 70 |
| Market Cap | 2.041B |
| Beta (5Y Monthly) | 1.29 |
| PE Ratio (TTM) | 61.04 |
| EPS (TTM) | 0.0100 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.02 (3.33%) |
| Ex-Dividend Date | Jun 17, 2024 |
| 1y Target Est | N/A |
ReutersFitch plans to withdraw ratings of Country Garden Services
"Fitch believes that Country Garden Services investors benefit from increased rating coverage by Fitch and is providing approximately 30 days' notice to the market of the rating withdrawal," the ratings agency said in a statement on Monday. Fitch had downgraded Country Garden Services to BB+ and placed its rating on negative watch last week.
- 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
GLOBAL MARKETS-Asia stocks slide amid China woes, Japan catches up on chip sell-off
Asian shares sank on Tuesday, as worries about the Chinese property sector weighed on markets from Hong Kong to Australia, while Japanese investors sold chip stocks on their return from a holiday-extended weekend. Benchmark U.S. Treasury yields hovered near 16-year peaks and the dollar held close to six-month highs as traders braced for a Federal Reserve rate decision on Wednesday, in a week that also sees policy decisions from the Bank of Japan and Bank of England, among others. Japan's Nikkei tumbled 1.1% under the weight of big losses for chip-related stocks including Tokyo Electron and Advantest.
