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MarketScreener Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Sunac China Holdings Limited    1918   KYG8569A1067

SUNAC CHINA HOLDINGS LIMITED

(1918)
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Sunac China to Take 51% Stakes in Two Chinese Property Companies

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11/27/2019 | 04:11am EST

By P.R.Venkat

Sunac China Holdings Ltd. (1918.HK) is planning to acquire two stakes of 51% each in a pair of Chinese companies that develop and operate real-estate projects in China for 15.27 billion yuan ($2.17 billion).

Chinese real-estate developer Sunac China will buy the stakes from YMCI, the state-owned assets supervision and administration commission of Yunnan Province, it said in a Hong Kong exchange filing Wednesday.

YMCI will hold the remaining 49% stakes of both companies, Global Century and Times Global, the statement said. Global Century and Times Global manage 18 real-estate projects, including residential, commercial and hotel properties.

Sunac said it will fund the acquisitions with its internal resources.

Write to P.R. Venkat at venkat.pr@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
HOTEL PROPERTIES LIMITED 1.07% 3.78 End-of-day quote.-1.82%
SUNAC CHINA HOLDINGS LIMITED 3.38% 42.8 End-of-day quote.-9.03%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.27% 6.9262 Delayed Quote.-0.71%
WHEELOCK AND COMPANY LIMITED 0.99% 51.15 End-of-day quote.-1.63%
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Financials (CNY)
Sales 2019 195 B
EBIT 2019 38 012 M
Net income 2019 24 959 M
Debt 2019 92 792 M
Yield 2019 3,23%
P/E ratio 2019 6,65x
P/E ratio 2020 5,37x
EV / Sales2019 1,38x
EV / Sales2020 0,97x
Capitalization 177 B
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Mean consensus BUY
Number of Analysts 16
Average target price 48,60  CNY
Last Close Price 38,03  CNY
Spread / Highest target 45,8%
Spread / Average Target 27,8%
Spread / Lowest Target -22,1%
EPS Revisions
Managers
NameTitle
Meng De Wang Chief Executive Officer & Executive Director
Shu Ping Huang Executive President & Executive Director
Hong Bin Sun Chairman
Xi Gao Chief Financial Officer, Secretary & VP
Xun Chi Executive Director