Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. China Evergrande Group
  6. News
  7. Summary
    3333   KYG2119W1069

CHINA EVERGRANDE GROUP

(3333)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Australia shares end higher on reopening hopes; energy, bank stocks gain

09/27/2021 | 03:29am EDT

* Travel stocks among best performers on ASX 200

* Energy stocks & major banks led gains

* NZX 50 fell 0.2%

Sept 27 (Reuters) - Australian shares ended higher on Monday, buoyed by optimism over plans to lift the COVID-19 lockdown in the country's most populous state, while heavyweight energy and bank stocks also provided momentum.

The S&P/ASX 200 index closed 0.57% higher at 7,384.2 points. The benchmark fell 0.37% on Friday.

Movement restrictions across New South Wales will be lifted gradually between Oct. 11 and Dec. 1 as vaccination rates push through 70%, 80% and 90%, authorities said.

"Low coronavirus numbers in our largest state have been helpful today, and travel stocks are doing well as investors looked ahead to the reopening of the states," Brad Smoling, managing director at Smoling Stockbroking said.

Global risk mood has also swung to positive as the fallout from cash-strapped property developer China Evergrande seems to be contained for now, Smoling added.

Travel and tourism companies surged on the news of COVID-19 curbs easing, with Qantas Airways soaring up to 4.3% to hit more than a year's high. Travel agency Flight Centre climbed 7.48%, while peer Webjet rose 5.21%.

Energy stocks rose 1.81%, tracking oil prices that rose for a fifth straight day as parts of the world see demand pick up with the easing of pandemic conditions.

Heavyweights Beach Energy Ltd and Woodside Petroleum Ltd were the top gainers on the sub-index, advancing 4.22% and 3.2%, respectively.

Financial stocks rose 1.52%, with a spike in lending rates last week helping lift major banks, as higher rates lead to better margins.

Among the 'Big Four' banks, the country's biggest lender Commonwealth Bank climbed up to 3.2%, marking its best day since June 22.

New Zealand's benchmark S&P/NZX 50 index fell 0.2% to finish the session at 13227.7 points. (Reporting by Riya Sharma in Bengaluru; Editing by Ramakrishnan M.)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BEACH ENERGY LIMITED 1.05% 1.445 End-of-day quote.-19.94%
CHINA EVERGRANDE GROUP -3.91% 2.95 End-of-day quote.-80.20%
COMMONWEALTH BANK OF AUSTRALIA 0.36% 102.28 End-of-day quote.24.56%
FLIGHT CENTRE TRAVEL GROUP LIMITED 3.77% 22.56 End-of-day quote.42.33%
QANTAS AIRWAYS LIMITED 1.97% 5.69 End-of-day quote.17.32%
WEBJET LIMITED 4.05% 6.43 End-of-day quote.26.82%
WOODSIDE PETROLEUM LTD 0.76% 25.18 End-of-day quote.10.73%
All news about CHINA EVERGRANDE GROUP
10/16CHINA VANKE : Chinese property executives ask regulators for 'appropriate loosening' of re..
RE
10/15CHINA PROPERTIES : defaults on notes worth $226 million
RE
10/15CHINA EVERGRANDE : central bank official says spillover effect of Evergrande's debt woes i..
RE
10/15Hong Kong audit watchdog investigating Evergrande and PwC
RE
10/15CHINA EVERGRANDE : Hong Kong audit watchdog investigating Evergrande and PwC
RE
10/15Chinese state-owned yuexiu property pulls out of planned $1.7 bln deal to buy china eve..
RE
10/15Chinese Regulators Ask Banks to Reduce Wealth Management Products
MT
10/15FANTASIA : China loosens restrictions on home loans at some big banks -Bloomberg News
RE
10/15China to Likely Keep Property Regulations Tight Despite Lull, Analysts Say
MT
10/14Fitch Cuts Modern Land’s Ratings as Developer Seeks Payment Extension; Shares Tan..
MT
More news
Analyst Recommendations on CHINA EVERGRANDE GROUP
More recommendations
Financials
Sales 2021 547 B 70 381 M 70 381 M
Net income 2021 2 419 M 311 M 311 M
Net Debt 2021 354 B 45 466 M 45 466 M
P/E ratio 2021 16,1x
Yield 2021 1,29%
Capitalization 38 943 M 5 007 M 5 008 M
EV / Sales 2021 0,72x
EV / Sales 2022 0,47x
Nbr of Employees 163 119
Free-Float 18,6%
Chart CHINA EVERGRANDE GROUP
Duration : Period :
China Evergrande Group Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Last Close Price 2,95 HKD
Average target price 11,13 HKD
Spread / Average Target 277%
EPS Revisions
Managers and Directors
Hai Jun Xia Vice Chairman & Chief Executive Officer
Shou Ming Shi President
Da Rong Pan Chief Financial Officer & Executive Director
Ka Yan Hui Chairman
Dong Feng Chen Head-Information
Sector and Competitors
1st jan.Capi. (M$)
CHINA EVERGRANDE GROUP-80.20%5 007
CHINA VANKE CO., LTD.-26.52%37 016
VONOVIA SE-10.71%35 610
DEUTSCHE WOHNEN SE21.17%21 116
VINGROUP JOINT STOCK COMPANY-3.72%15 032
VINHOMES JOINT STOCK COMPANY14.31%15 028