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Kaisa Group Holdings Ltd. (1638.HK)

HKSE - HKSE Delayed Price. Currency in HKD
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0.870-0.020 (-2.25%)
At close: 04:08PM HKT
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Previous close0.890
Bid0.860 x 0
Ask0.890 x 0
Day's range0.850 - 0.910
52-week range0.740 - 4.311
Avg. volume42,495,580
Market cap6.102B
Beta (5Y monthly)1.32
PE ratio (TTM)1.03
EPS (TTM)0.845
Earnings date25 Mar 2021
Forward dividend & yield0.15 (16.76%)
Ex-dividend date29 Nov 2021
1y target est0.79
  • Reuters

    Delinquent Shimao, Kaisa units named and shamed as defaults rise

    SHANGHAI (Reuters) -Property firms controlled by developers Shimao Group Holdings, Kaisa Group Holdings and Greenland Group have been named and shamed in a list of Chinese companies "consistently overdue" on commercial paper payments. The total number of such delinquent firms jumped 26% in December from the previous month, according to the list published by the Shanghai Commercial Paper Exchange. The spike in defaults on commercial paper - a popular short-term debt instrument that Chinese developers use to delay payment to suppliers - shows sustained liquidity stress in the real estate sector despite some policy easing.

  • Reuters

    Exclusive-China's Kaisa pressured by local government to repay wealth product investors - sources

    Under pressure from authorities, Chinese property firm Kaisa Group Holdings Ltd is working furiously to come up with a feasible plan to repay wealth product investors, two sources with direct knowledge of the matter said. Kwok Ying Shing, chairman of the cash-strapped developer, has agreed to a request from the government of Shenzhen where the company is based, to provide by the end of January a proposal to repay investors in its wealth management products (WMPs), said one of the sources. The sources added that if the company fails to do so, they believe possible consequences include the Shenzhen government seizing some of Kaisa's assets and gradually taking over the company.

  • Reuters

    China's Kaisa says bondholders have not asked for accelerated repayments yet

    The non-payment on the $400 million maturity on Dec. 7 triggered cross-default provision on all its $12 billion offshore bonds and prompted a downgrade to "restricted default" by Fitch Ratings. Kaisa is the second-largest dollar bond issuer among China's property developers after China Evergrande Group, which has more than $300 billion in liabilities. The fate of Kaisa, Evergrande and other indebted Chinese property companies has gripped financial markets in recent months amid fears of knock-on effects, with Beijing repeatedly seeking to reassure investors.