|Bid||5.720 x 0|
|Ask||5.730 x 0|
|Day's Range||5.650 - 5.780|
|52 Week Range||5.090 - 8.980|
|Beta (5Y Monthly)||1.11|
|PE Ratio (TTM)||3.43|
|Earnings Date||Mar 28, 2022|
|Forward Dividend & Yield||0.37 (6.33%)|
|Ex-Dividend Date||Jun 21, 2022|
|1y Target Est||8.95|
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China Evergrande Group hit another bump on the road to ease its liquidity crisis after abandoning a plan to float its car-making unit at home. At the same time, oil explorer CNOOC Limited and Dongfeng Motor unveiled their new listing aims. The indebted developer's car-making unit, known as Evergrande New Energy Vehicle Group, will no longer proceed with its domestic share offering after "due and careful consideration," according to a Sunday filing to the Hong Kong stock exchange, where the compa
Shares of Ambarella (NASDAQ: AMBA) climbed sharply higher Monday, surging as much as 10.8%, though the stock ended the trading day up 10.4%. The company announced that it has partnered with a notable Chinese automaker to build a driver monitoring system, which is already rolling off the assembly line. In a press release on Wednesday, Ambarella revealed a collaboration with Dongfeng Fengshen -- a mid to high-end brand within the Dongfeng Motor Group -- to create a cutting-edge system to detect driver distraction and fatigue.
Stellantis shareholder Dongfeng Motor Hong Kong (DMHK) has sold part of its stake in the automaker for about 600 million euros ($710 million), as agreed before the group was formed via a merger at the beginning of the year. As part of a package of agreements signed by shareholders upon the tie-up between Fiat Chrysler and France's Peugeot maker PSA, former PSA investor Dongfeng was required to sell around 36 million shares in the new group by the end of 2022. Dongfeng said it had completed the sale of 36.1 million Stellantis shares, equivalent to a 1.15% stake, through an accelerated bookbuilding process (ABB) at a price of 16.65 euros each.