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MarketScreener Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  China Resources Land Limited    1109   KYG2108Y1052

CHINA RESOURCES LAND LIMITED

(1109)
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China Resources Land : Falls More Than 7% on Share Placement Plan

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10/21/2019 | 10:29pm EST

By Ben Otto

China Resources Land Ltd. (1109.HK) fell as much as 7.6% Tuesday following news that the China-focused property developer intends to place existing shares at a discount to its last closing price.

The company lost as much as 19.06 billion Hong Kong dollars (US$2.43 billion) in market capitalization in the morning trade.

Earlier in the day, China Resources announced it intends to raise HK$6.73 billion in a share placement of 200 million existing shares, pricing the shares at a 6.9% discount to their Monday closing price.

China Resources Land says it intends to use proceeds from the placement to fund land acquisition and development.

Write to Ben Otto at ben.otto@wsj.com

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Financials (HKD)
Sales 2019 168 B
EBIT 2019 53 038 M
Net income 2019 27 878 M
Debt 2019 79 983 M
Yield 2019 3,74%
P/E ratio 2019 8,90x
P/E ratio 2020 7,88x
EV / Sales2019 1,97x
EV / Sales2020 1,64x
Capitalization 251 B
Chart CHINA RESOURCES LAND LIMITED
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China Resources Land Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends CHINA RESOURCES LAND LIMIT
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 26
Average target price 40,06  HKD
Last Close Price 35,25  HKD
Spread / Highest target 39,9%
Spread / Average Target 13,6%
Spread / Lowest Target -12,1%
EPS Revisions
Managers
NameTitle
Xin Li Co-President & Executive Director
Da Wei Zhang Vice Chairman & Co-President
Yong Tang Chairman
Jian Yu Chief Financial Officer & Senior Vice President
Tong Dong Shen Chief Information Officer & Executive Director