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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  China Evergrande Group    3333   KYG2119W1069

CHINA EVERGRANDE GROUP

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China Evergrande : Evergrande Unit Prices IPO Near Low End of Range

11/26/2020 | 04:35am EST

By Joanne Chiu

The property-management arm of China Evergrande Group priced its Hong Kong initial public offering near the low end of an earlier price range, the latest effort by the heavily indebted developer to raise funds.

Evergrande Property Services Group Ltd. fixed its offer price at 8.80 Hong Kong dollars, the equivalent of US$1.14 a share, according to two people familiar with the situation. It previously gave an indicative range of HK$8.50 to HK$9.75 a share.

The deal will raise gross proceeds of HK$14.3 billion, or about US$1.8 billion. Half of the funds raised will go to Evergrande, the parent company, and the remainder will go to the property-management subsidiary.

Shares of Evergrande Property Services will begin trading on Hong Kong's stock exchange on Dec. 2.

Write to Joanne Chiu at joanne.chiu@wsj.com

(END) Dow Jones Newswires

11-26-20 0435ET

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Financials
Sales 2020 657 B 84 764 M 84 764 M
Net income 2020 29 890 M 3 856 M 3 856 M
Net Debt 2020 687 B 88 574 M 88 574 M
P/E ratio 2020 7,08x
Yield 2020 6,39%
Capitalization 216 B 27 836 M 27 841 M
EV / Sales 2020 1,37x
EV / Sales 2021 1,16x
Nbr of Employees 131 615
Free-Float 14,4%
Chart CHINA EVERGRANDE GROUP
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China Evergrande Group Technical Analysis Chart | MarketScreener
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Technical analysis trends CHINA EVERGRANDE GROUP
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 19,11 HKD
Last Close Price 16,30 HKD
Spread / Highest target 95,6%
Spread / Average Target 17,3%
Spread / Lowest Target -63,3%
EPS Revisions
Managers and Directors
NameTitle
Hai Jun Xia Vice Chairman & Chief Executive Officer
Shou Ming Shi President
Ka Yan Hui Chairman
Da Rong Pan Chief Financial Officer & Executive Director
Dong Feng Chen Head-Information
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