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    3333   KYG2119W1069

CHINA EVERGRANDE GROUP

(3333)
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China Evergrande Reportedly Selling Guangzhou Football Club

11/26/2021 | 12:14am EST

A government body has taken over China Evergrande Group (SEHK:3333)'s soccer stadium with a view to selling it, a person with direct knowledge of the matter told Reuters, as the debt-laden property developer scrambles to meet liabilities. China Evergrande Group, which has been struggling to meet repayments on over $300 billion in debt, is considering selling money-losing Guangzhou Football Club, the person said. Construction on the CNY 12 billion ($1.86 billion) Guangzhou Evergrande Football Stadium began in April last year for completion by the end of 2022, when it was set to be the world's largest soccer venue by capacity. However, Evergrande has halted construction due to lack of capital and ceded control to authorities which plan to sell the stadium, or - in the absence of buyers - acquire it via state-owned Guangzhou City Construction Investment Group, the person said, declining to be identified as the matter is not public.


ę S&P Capital IQ 2021
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Analyst Recommendations on CHINA EVERGRANDE GROUP
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Financials
Sales 2021 548 B 70 292 M 70 292 M
Net income 2021 9 661 M 1 240 M 1 240 M
Net Debt 2021 449 B 57 659 M 57 659 M
P/E ratio 2021 2,42x
Yield 2021 2,15%
Capitalization 23 372 M 3 002 M 3 000 M
EV / Sales 2021 0,86x
EV / Sales 2022 0,67x
Nbr of Employees 163 119
Free-Float 29,5%
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Technical analysis trends CHINA EVERGRANDE GROUP
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 8
Last Close Price 1,77 HKD
Average target price 5,64 HKD
Spread / Average Target 219%
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
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