|Bid||28.800 x 0|
|Ask||28.850 x 0|
|Day's Range||28.650 - 29.150|
|52 Week Range||26.050 - 40.650|
|Beta (5Y Monthly)||1.05|
|PE Ratio (TTM)||8.21|
|Earnings Date||Aug 20, 2020|
|Forward Dividend & Yield||1.80 (6.27%)|
|Ex-Dividend Date||Sep 02, 2020|
|1y Target Est||48.56|
Moody's Investors Service has affirmed the A2 issuer rating of IFC Development Limited (IFC). "The rating affirmation reflects our expectation that, despite a weakening in IFC's office, retail and hotel rental income in the next 12-18 months due to coronavirus-led disruptions and weaker economic conditions in Hong Kong (Aa3 stable), the negative impact can be absorbed by the company's ample financial buffer," says Stephanie Lau, a Moody's Vice President and Senior Analyst.
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Hong Kong property developer Henderson Land Development <0012.HK> said on Saturday it will lend 428,000 square feet of brownfield land in the city's suburbs to the government for seven years to build 2,000 transitional housing units. The move comes after the Hong Kong and Chinese governments asked developers to contribute back to the community, in an attempt to tackle a housing shortage in Hong Kong, where millions of anti-government protesters have taken to the streets for months.