China’s property sector has been buffeted by a series of headwinds. Photo: Reuters
China’s property sector has been buffeted by a series of headwinds. Photo: Reuters

Chinese developer CIFI Holdings’ shares slump to record low on deteriorating finances, analyst downgrade

  • The shares slumped 8 per cent on Friday to an all-time low of HK$0.66, taking losses for the past month to more than 64 per cent
  • CIMB Securities on Friday downgraded CIFI’s shares to ‘hold’ and lowered the target price to HK$0.92 due to higher chances of the firm delaying debt payments

China’s property sector has been buffeted by a series of headwinds. Photo: Reuters
China’s property sector has been buffeted by a series of headwinds. Photo: Reuters
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