|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||8.11 - 8.30|
|52-week range||7.25 - 67.99|
|Beta (5Y monthly)||1.48|
|PE ratio (TTM)||1.74|
|Forward dividend & yield||0.59 (6.79%)|
|Ex-dividend date||15 Jun 2021|
|1y target est||N/A|
Chinese developers took a drubbing on Thursday, with shares and bonds falling, creditors seizing assets and rating agencies distributing more downgrades, ahead of a final debt payment deadline for China Evergrande Group on Friday. Shares of Kaisa Group were hardest-hit, losing nearly a fifth of their value on Thursday after rating agency downgrades that highlighted the company's limited access to funding and significant U.S. dollar debt obligations. Kaisa's shares fell by as much as 19.9% to an all-time low of HK$1.17 on Thursday, while its 11.25% April 2022 bond dropped more than 8 points to trade at less than 35% of its face value, according to data provider Duration Finance.
Yahoo Finance's Julie Hyman breaks down Friday’s business headlines.
Jakarta and Singapore equities opened lower before gaining 0.2% and 0.4%, respectively, while South Korea and Malaysia shares trimmed losses. Evergrande wired funds to a trustee account on Thursday for a dollar bond interest payment that had been due on Sept. 23, a source told Reuters, which eased some worries about its problems spilling over into China's real estate sector and the broader economy. "Evergrande's reported bond coupon payment is a positive development towards supporting market sentiment for the immediate term," said Han Tan, chief market strategist at Exinity.