|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||4.2000 - 4.3700|
|52-week range||3.6800 - 5.0500|
|Beta (5Y monthly)||1.05|
|PE ratio (TTM)||11.49|
|Forward dividend & yield||0.23 (5.41%)|
|Ex-dividend date||02 Sep 2021|
|1y target est||4.23|
A global rout in stock markets sparked by concerns over China Evergrande Group hit the world’s biggest fortunes, with the richest 500 people losing a combined US$135 billion.
As Beijing seeks to tighten its grip over Hong Kong, it has a new mandate for the city's powerful property tycoons: pour resources and influence into backing Beijing's interests, and help solve a potentially destabilising housing shortage. Chinese officials delivered the message in closed meetings this year amid broader efforts to bring the city to heel under a sweeping national security law and make it more "patriotic," according to three major developers and a Hong Kong government adviser familiar with the talks. Beijing is no longer willing to tolerate "monopoly behaviour," the source added.
The past few years have seen a remarkable shift in fortunes between China’s tech-savvy moguls and their old-school Hong Kong counterparts — a trend that shows few signs of fading any time soon.