1589.HK - China Logistics Property Holdings Co., Ltd

HKSE - HKSE Delayed Price. Currency in HKD
3.020
+0.020 (+0.67%)
At close: 4:08PM HKT
Stock chart is not supported by your current browser
Previous Close3.000
Open3.040
Bid2.990 x 0
Ask3.020 x 0
Day's Range2.990 - 3.050
52 Week Range1.920 - 3.240
Volume408,000
Avg. Volume1,252,218
Market Cap9.8B
Beta (3Y Monthly)0.15
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateMar 28, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est3.30
  • Bloomberg

    Outlook Worsens for China Junk Bonds Just as Investors Jump in

    (Bloomberg) -- Rating companies are turning more downbeat on Chinese junk bonds. Investors can’t get enough of the debt.The three main international credit rating companies have issued 84 downgrades on the nation’s riskiest bonds and 33 upgrades, according to data compiled by Bloomberg. The ratio is the highest since 2016. At the same time, a gauge of Chinese junk bond yields offshore is trading near a 14-month low, sending investors in search of higher returns among lower-rated debt.Downgrades haven’t dent investor appetite for high-yield bonds. Red Star Macalline Group Corp.’s dollar bond rose after S&P Global Ratings downgraded it to BB in April. The ratings company cited a “persistently high amount of short-term maturities” at the decorating and Internet retailer.Investors were equally unbowed when China Logistics Property Holdings Co.’s dollar note was cut one notch to B- in May by Fitch Ratings, which cited potential refinancing risks.While a near-record volume of defaults in China’s onshore market have capped risk-taking there, the offshore market has seen fewer missed payments and the U.S. Federal Reserve’s three rate cuts this year have fueled investor demand for yield.China’s private sector has come under pressure as the economy slows, with the nation’s central bank providing only limited easing. Access by such firms to the banking sector remains limited as lenders focus more on politically influential state-owned enterprises.“Given monetary support would stay in a targeted manner, smaller private firms might see greater refinancing pressure and certain highly leveraged names could face some level of difficulty in refinancing their debt onshore,” said Alfred Mui, head of Asian credit at HSBC Global Asset Management. He said smaller companies are likely to face more downgrades due to idiosyncratic risks, while major property firms and SOEs are benefiting from better onshore funding.Returns on single-B rated Asian dollar bonds in October, which are classified at least four steps below investment grade, surpassed those of their relatively better rated BB peers for the first time in three months, according to a Bloomberg Barclays Index.Barclays Plc said in a note this week it sees downgrade pressure continuing next year in Asia driven by rapid growth in the region’s high-yield bond market, especially in notes rated B- or lower as well as by unlisted companies.\--With assistance from Ling Zeng, Xize Kang and Rimi Yoneya.To contact the reporters on this story: Rebecca Choong Wilkins in Hong Kong at rchoongwilki@bloomberg.net;Annie Lee in Hong Kong at olee42@bloomberg.netTo contact the editors responsible for this story: Neha D'silva at ndsilva1@bloomberg.net, Chan Tien HinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Can China Logistics Property Holdings Co., Ltd (HKG:1589) Improve Its Returns?
    Simply Wall St.

    Can China Logistics Property Holdings Co., Ltd (HKG:1589) Improve Its Returns?

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...

  • Investors Who Bought China Logistics Property Holdings (HKG:1589) Shares Three Years Ago Are Now Down 14%
    Simply Wall St.

    Investors Who Bought China Logistics Property Holdings (HKG:1589) Shares Three Years Ago Are Now Down 14%

    While it may not be enough for some shareholders, we think it is good to see the China Logistics Property Holdings...

  • PR Newswire

    China Logistics Property Announces 2018 Annual Results

    Stock code: 1589), a leading provider of logistics facilities in China, today announced its annual results ended 31 December 2018. During the period, the Group's revenue significantly increased by 44.2% from RMB 404 million to RMB 582 million year-on-year, registering a net profit of RMB 554 million.

  • Investors Who Bought China Logistics Property Holdings (HKG:1589) Shares A Year Ago Are Now Up 11%
    Simply Wall St.

    Investors Who Bought China Logistics Property Holdings (HKG:1589) Shares A Year Ago Are Now Up 11%

    The simplest way to invest in stocks is to buy exchange traded funds. But one can do better than that by picking better than average stocks (as part of aRead More...