CTRYY - Country Garden Holdings Company Limited
| Previous close | 4.4910 |
| Open | 4.6560 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's range | 4.6560 - 4.6900 |
| 52-week range | 3.2300 - 15.8400 |
| Volume | |
| Avg. volume | 645 |
| Market cap | 5.602B |
| Beta (5Y monthly) | 2.05 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -0.9200 |
| Earnings date | N/A |
| Forward dividend & yield | 1.19 (23.55%) |
| Ex-dividend date | 07 Jun 2022 |
| 1y target est | N/A |
ReutersChinese developer Country Garden retreats from smaller cities
HONG KONG (Reuters) -China's top property developer Country Garden Holdings said it would reduce its presence in smaller cities and suspend side businesses other than contract construction and construction robots as it strives to transform into a high-tech enterprise. Country Garden said core profit, which excludes changes in the value of assets and financial instruments and foreign exchange, was 2.6 billion yuan ($377.4 million), down from 26.9 billion yuan the previous year. It posted a net loss of 6.1 billion yuan, versus a 26.8 billion yuan net profit in 2021.
ReutersTop China homebuilder Country Garden to book net loss for 2022
Top Chinese property developer Country Garden Holdings said on Monday it expected to post its first net loss since listing in 2007 due to a sluggish property market and flagged a worse-than-feared drop in core profit. China's top homebuilder by sales was the latest in a growing list of developers that have warned they would report a loss or drop in profit for 2022 after being hit last year by a debt crisis and COVID-lockdowns that delayed or halted home-building. Country Garden said in a filing its estimated net loss would be between 5.5 billion yuan to 7.5 billion yuan ($799 million to $1.09 billion), down from a 26.8 billion yuan profit in 2021.
The GuardianChina’s biggest property developer Country Garden sees profits plunge 96%
The company blames the ‘severe depression’ in the property market and says ‘only the fittest will survive’
ReutersChina supports several private developers with bond guarantee -sources
Chinese regulators have instructed state-owned China Bond Insurance Co. Ltd. to provide guarantees for onshore bond issuance by a few private property developers including Longfor Group and CIFI Holdings, according to four sources with knowledge of the matter. The support from the state comes amid mounting concerns that a deepening debt crisis and defaults in the sector could impact property developers that have been regarded as financially sound. Property developers' shares surged on Tuesday following the news, with Longfor, CIFI and top developer Country Garden all jumping over 15%.
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