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China Vanke Co., Ltd. (CHVKF)
| Previous close | 0.7591 |
| Open | 0.7591 |
| Bid | 0.6345 x 0 |
| Ask | 0.7104 x 0 |
| Day's range | 0.7591 - 0.7591 |
| 52-week range | 0.5248 - 1.6200 |
| Volume | |
| Avg. volume | 1,593 |
| Market cap | 14.604B |
| Beta (5Y monthly) | 0.76 |
| PE ratio (TTM) | 6.33 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 0.09 (14.54%) |
| Ex-dividend date | 25 Aug 2023 |
| 1y target est | N/A |
- Reuters
China's home de-stocking push to bring developers little cheer
HONG KONG/BEIJING (Reuters) -China's efforts to clear massive inventory by turning unsold homes into affordable housing are unlikely to help cash-strapped developers due to the programme's limited size and potentially low prices, analysts and developers say. As part of a support package for the crisis-hit property sector, Beijing announced last month a plan for a 300 billion yuan ($41 billion) lending facility, which could result in 500 billion worth of bank financing for local state-owned enterprises (SOEs) to purchase completed and unsold homes. Chinese banks are expected to extend cheaper loans to SOEs via the facility, backed by the central bank, to help them buy the homes from developers at "reasonable prices" to turn into affordable housing.
- Reuters
China Vanke sells Shenzhen land plot at loss-making reserve price
HONG KONG and BENGALURU (Reuters) -Embattled Chinese property developer China Vanke said on Monday it had completed the sale of a plot of land in Shenzhen for 2.24 billion yuan ($309.23 million), more than 27% below the price it paid for the block nearly seven years ago. The company is working to raise funds after saying last month it is facing short-term liquidity pressure, one of many companies to have been caught up in a broad-based cash crunch in China's crisis-hit real estate sector. Vanke's largest shareholder, state-owned Shenzhen Metro, and Shenzhen Baishuo Yinghai Investment jointly bought the plot at the reserve price, according to an online filing uploaded to a trading center in Shenzhen on Monday.
- South China Morning Post
China Vanke units guarantee US$1.1 billion in loans for troubled developer after Fitch Ratings downgrade
Troubled property developer China Vanke will receive a 7.8 billion yuan (US$1.1 billion) lifeline in the form of bank loans guaranteed by its subsidiaries, a day after the company had its credit rating cut. Shenzhen Yili Real Estate Development provided a guarantee for a 4.49 billion yuan loan, while Shenzhen Zhongke Wanxin Industrial offered a guarantee for a 3.29 billion yuan borrowing, Vanke said in a Friday stock exchange filing. The loan arrangement came after Fitch Ratings on Thursday down
