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China Vanke Co., Ltd. (2202.HK)
| Previous close | 4.950 |
| Open | 5.000 |
| Bid | 4.940 x 0 |
| Ask | 4.950 x 0 |
| Day's range | 4.930 - 5.170 |
| 52-week range | 3.630 - 11.680 |
| Volume | |
| Avg. volume | 65,062,275 |
| Market cap | 88.758B |
| Beta (5Y monthly) | 0.76 |
| PE ratio (TTM) | 5.20 |
| EPS (TTM) | 0.950 |
| Earnings date | 29 Apr 2024 |
| Forward dividend & yield | 0.74 (14.92%) |
| Ex-dividend date | 14 Jul 2023 |
| 1y target est | 7.15 |
ReutersChina Vanke to auction Shenzhen land plot with loss-making reserve price
Cash-strapped China Vanke is selling a large Shenzhen land plot at a reserve price of 2.24 billion yuan ($310 million) via auction, the developer's latest move to raise funds to ease its liquidity stress. The auction of the 19,000 square-metre block, which the state-backed property developer bought in late 2017 for 3.1 billion yuan, will start on May 18, according to a notice in the Shenzhen Public Resources Trading Center on Wednesday. Vanke said last month it is facing short-term liquidity pressure and operational difficulties, adding that it had prepared "a basket of plans" to stabilise its business and cut debt.
ReutersChina Vanke's first public commercial REIT close flat on debut
SHANGHAI (Reuters) -China Vanke's first public commercial real estate investment products closed flat on their debut on Tuesday, reflecting caution towards China's second-largest developer amid a prolonged property market downturn. The CICC-SCPG Consumption Infrastructure real estate investment trust (REIT) listed in Shenzhen fell as much as 3% in early trade before reversing losses by market close. It is backed by shopping centres owned by SCPG Holdings, the commercial property platform of Vanke.
ReutersChina Vanke seeks to offload stake in logistics operator GLP, Bloomberg reports
Vanke has held discussions with parties including state-owned investment company Guangdong Holdings Ltd and a Tianjin-based state-owned firm to exit its investment, the report said, citing people familiar with the matter. Vanke, China's second largest property developer by sales which bought a 21.4% stake in GLP for about S$3.4 billion ($2.49 billion) in 2018, declined to comment on the report.
