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

China Evergrande : U.S. dollar gains, tracks rise in Treasury yields

09/27/2021 | 03:19pm EDT
FILE PHOTO: A US dollar note is pictured alongside Australian dollars in this picture illustration taken in Washington

    * Dollar rises to nearly 3-month high vs yen
    * Euro falls after German elections
    * Focus on Fed speakers this week

 
    By Gertrude Chavez-Dreyfuss
    NEW YORK, Sept 27 (Reuters) - The U.S. dollar advanced for a second straight session on Monday,
bolstered by the rise in Treasury yields ahead of a slew of Federal Reserve speakers this week who could
affirm expectations of the start of asset purchase reduction before the end of the year.
    U.S. benchmark 10-year Treasury yields hit a three-month high of $1.516% on Monday.
    Fed officials, including one influential board member, on Monday tied reduction in the Fed's monthly
bond purchases to continued job growth, with a September employment report now a potential trigger for the
central bank's bond "taper."
    Fed Chair Jerome Powell, who will join Treasury Secretary Janet Yellen, speaks before Congress on
Tuesday. 
    The dollar index, which measures the U.S. currency against six major rivals, rose 0.1% to 93.37. 
    The greenback also extended gains after data showed new orders and shipments of key U.S.-made capital
goods increased solidly in August, rising 0.5% in August amid strong demand for computers and electronic
products.
    But the market has been more focused on the U.S. Treasury market. 
    U.S. yields climbed to their highest since late June in anticipation of tighter monetary policy after
the Fed announced last week it may start tapering stimulus as soon as November and flagged interest rate
increases may follow sooner than expected.
     "As much as taper in and of itself is not a surprise, an earlier end to its program will reinforce that
downside risks to the U.S. dollar have diminished," Mazen Issa, senior FX strategist at TD Securities, wrote
in a research note.
    TD expects the Fed to end its quantitative easing program by June 2022.
    "If the last taper cycle was any indication, about half of the U.S. dollar's cyclical upswing was
observed three months after taper," he added.
    The euro slipped 0.1% against the dollar to $1.1698, largely ignoring developments in German
elections over the weekend, with the Social Democrats projected to narrowly defeat the CDU/CSU conservative
bloc.
    The dollar rose 0.3% versus the yen to 110.99 yen, after earlier rising to a nearly
three-month high. It gained 0.2% versus the Swiss franc to 0.9259 francs.
    "The buck has no real reason to decline from where it is, so it will be about looking for what may
actually change that as we hear from various sides this week: a new German leadership, a new Japanese head
of state, and the U.S. Congress," said Juan Perez, FX strategist and trader at Tempus Inc in Washington. 
    The risk-sensitive Australian dollar rose 0.4% to US$0.7289 as fears of widespread market contagion from
indebted China Evergrande Group ebbed.
    Concerns that Evergrande, China's second-largest developer, could default on its $305 billion of debt
have overshadowed trade in recent weeks, but some of those contagion fears are receding.
    The People's Bank of China injected a net 100 billion yuan ($15.5 billion) into the financial system on
Monday, adding to the net 320 billion yuan last week, the most since January.
    
    ========================================================
    Currency bid prices at 3:08 PM (1908 GMT)
 Description      RIC         Last           U.S. Close  Pct Change     YTD Pct       High Bid    Low Bid
                                              Previous                   Change                   
                                              Session                                             
 Dollar index                 93.3840        93.2680     +0.13%         3.782%        +93.4940    +93.2060
 Euro/Dollar                  $1.1698        $1.1722     -0.20%         -4.25%        +$1.1730    +$1.1685
 Dollar/Yen                   111.0000       110.7350    +0.25%         +7.44%        +111.0600   +110.5300
 Euro/Yen                     129.84         129.75      +0.07%         +2.30%        +129.9300   +129.4900
 Dollar/Swiss                 0.9260         0.9243      +0.19%         +4.67%        +0.9291     +0.9246
 Sterling/Dollar              $1.3707        $1.3670     +0.29%         +0.34%        +$1.3729    +$1.3661
 Dollar/Canadian              1.2620         1.2657      -0.27%         -0.88%        +1.2672     +1.2610
 Aussie/Dollar                $0.7289        $0.7257     +0.42%         -5.26%        +$0.7291    +$0.7250
 Euro/Swiss                   1.0831         1.0831      +0.00%         +0.22%        +1.0864     +1.0825
 Euro/Sterling                0.8534         0.8565      -0.36%         -4.51%        +0.8583     +0.8528
 NZ                           $0.7019        $0.7015     +0.06%         -2.26%        +$0.7033    +$0.6990
 Dollar/Dollar                                                                                    
 Dollar/Norway                8.6030         8.5970      +0.10%         +0.22%        +8.6090     +8.5530
 Euro/Norway                  10.0653        10.0623     +0.03%         -3.84%        +10.0870    +10.0250
 Dollar/Sweden                8.6972         8.6462      +0.36%         +6.11%        +8.7080     +8.6294
 Euro/Sweden                  10.1741        10.1380     +0.36%         +0.97%        +10.1898    +10.1165
 
    
 (Reporting by Gertrude Chavez-Dreyfuss; Additional reporting by Ritvik Carvalho in London; Editing by Steve
Orlofsky, Nick Macfie and Jonathan Oatis)
  

ę Reuters 2021
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