|Bid||2.930 x 0|
|Ask||2.930 x 0|
|Day's Range||2.900 - 3.040|
|52 Week Range||1.000 - 7.000|
|Beta (5Y Monthly)||0.90|
|PE Ratio (TTM)||1.42|
|Earnings Date||Mar 28, 2023 - Apr 03, 2023|
|Forward Dividend & Yield||0.24 (18.02%)|
|Ex-Dividend Date||Jun 07, 2022|
|1y Target Est||3.36|
(Bloomberg) -- Country Garden Holdings Co. and its sister company have both seen their stocks triple in value since late October, underscoring optimism about China’s top developer after a series of fundraising and as Beijing widens a property rescue campaign.Most Read from BloombergGoldman to Cut About 3,200 Jobs This Week After Cost ReviewCommodity Ship Heads for Inspection After Suez Canal MishapBrazil Capital Reels After Anti-Lula Rioters Storm CongressUS Safety Agency to Consider Ban on Gas
The Chinese property developer, which for years ranked as the country's top real-estate developer by contracted sales, said Wednesday that it would place 1.78 billion new shares at HK$2.70 apiece, representing a nearly 15% discount to Tuesday's closing price.
Shares of Chinese property developers surged and dollar bonds of developers that haven’t defaulted rose from deeply distressed levels.