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Shimao Group Holdings Limited (SIOPF)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.40450.0000 (0.00%)
At close: 09:50AM EDT
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Neutralpattern detected
Previous Close0.4045
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.4045 - 0.4045
52 Week Range0.3600 - 2.9700
Avg. Volume311
Market Cap1.535B
Beta (5Y Monthly)0.63
PE Ratio (TTM)0.67
EPS (TTM)0.6060
Earnings DateN/A
Forward Dividend & Yield0.18 (30.32%)
Ex-Dividend DateSep 23, 2021
1y Target EstN/A
  • Moody's

    Shimao Group Holdings Limited -- Moody's downgrades Shimao to Caa1; outlook negative

    As a result, Moody's expects Shimao will not have sufficient cash at the holding company level to service its maturing debt, particularly its offshore loans and bonds, absent any new fundraising activities amid the tight funding environment and weak investor confidence.Moody's forecasts the company's contracted sales will reduce significantly in 2022 and 2023 from RMB269.1 billion in 2021, which had declined 10.4% from 2020 levels. The expected drop in contracted sales amid the challenging operating environment and the company's diminished saleable resources due to ongoing assets disposal will weaken the company's operating cash flow, and in turn, its liquidity.

  • South China Morning Post

    Liquidity stricken Shimao seeks buyers for some 40 projects valued at over US$12 billion

    Struggling mainland Chinese developer Shimao Group Holdings is seeking buyers for nearly 40 projects to shore up liquidity, as 20 billion yuan (US$3.1 billion) of bond repayments loom this year. The package of 37 assets includes hotels, shopping malls and serviced apartments estimated to be worth 77.1 billion yuan, according to a document obtained by the Post. One of the projects on the list includes a landmark luxury hotel built in an abandoned quarry in Shanghai, which carries a price tag of 2

  • Bloomberg

    China Considers Major Step to Ease Developer Cash Crunch

    (Bloomberg) -- Chinese regulators are considering lifting some restrictions on developers’ access to cash from presold properties tied up in escrow accounts, according to people with knowledge of the matter, a potentially major step toward easing the industry’s liquidity crunch.Most Read from BloombergCrypto Crash Erases More Than $1 Trillion in Market ValueMorgan Stanley’s Slimmon Warns Against Buying Growth-Stock DipU.S. Stocks Historically Deliver Strong Gains in Fed Hike CyclesPutin Could Bu