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 : stocks mixed on cenbank prudent monetary policy stance

09/08/2021 | 12:51am EDT

SHANGHAI, Sept 8 (Reuters) - China shares were mixed on Wednesday as central bank officials vowed to maintain prudent monetary policy, while state media said the country's long-term economic policy remains unchanged.

The CSI300 index fell 0.3% to 4,980.55 points at the end of the morning session, while the Shanghai Composite Index gained 0.1%, to 3,679.18 points.

The Shanghai Composite Index hit its highest in six months on Tuesday.

The Hang Seng index dropped 0.5% to 26,217.38 points. The Hong Kong China Enterprises Index lost 0.5% to 9,421.65.

** China's central bank officials said liquidity supply and demand will remain basically balanced in coming months and China will maintain prudent monetary policy and not resort to flood-like stimulus.

** Based on the message, Nomura lowered the probability of a targeted reserve requirement ratio (RRR) cut in September-October to 50% from 70% previously.

** "The PBoC could opt to use some alternative low-profile and more targeted tools for supporting groups such as SMEs," said Nomura in a note, citing small-and-medium enterprises.

** State media outlet People's Daily said on Wednesday China's long-term economic policy remains unchanged and regulations on its industries are to promote their healthy development.

** The consumer staples sub-index, the semiconductor sub-index and the machinery sub-index fell 1.4%, 1%, and 1.6%, respectively.

** Resource-related stocks jumped 2%.

** In Hong Kong, the tech sub-index dropped 0.9%, while the financials sub-index and the comsumer staples sub-index both went down 1%.

** China Evergrande Group rose 0.8% before falling more than 2% in morning trading, after Fitch Ratings cut the ratings of the indebted developer and two of its subsidiaries on Wednesday, the latest in a series of downgrades targeting the group. (Reporting by Shanghai Newsroom; editing by Uttaresh.V)


ę Reuters 2021
All news about CHINA EVERGRANDE GROUP
05:54aBottled water, vaccines and electric vehicles propel China's biggest earners
RE
05:16aEXCLUSIVE : China developers propose offshore debt maturity extension, restructuring to re..
RE
04:49aChina developers propose offshore debt maturity extension, restructuring to regulators ..
RE
04:04aTaiwan M2 Money Supply Up 8.69% in September; Bank Loan Growth Solid
MT
03:33aChinese Shares Sink Deeper; Four of Five Debutants Post Double-Digit Gains
MT
10/26China Evergrande shares fall on persistent pressure from debt travails
RE
10/26China Asks Evergrande Founder to Use Own Money to Pay Developers' Debts
MT
10/26China's Central Bank Injects Another $31 Billion in Short-Term Liquidity Tuesday
MT
10/26China's Modern Land defaults on bond payment; property shares drop
RE
10/26China Evergrande expects to deliver 32 projects in Pearl River Delta by end-2021 - loca..
RE
More news
Analyst Recommendations on CHINA EVERGRANDE GROUP
More recommendations
Financials
Sales 2021 547 B 70 369 M 70 369 M
Net income 2021 2 419 M 311 M 311 M
Net Debt 2021 354 B 45 458 M 45 458 M
P/E ratio 2021 14,0x
Yield 2021 1,48%
Capitalization 33 795 M 4 346 M 4 345 M
EV / Sales 2021 0,71x
EV / Sales 2022 0,47x
Nbr of Employees 163 119
Free-Float 18,6%
Chart CHINA EVERGRANDE GROUP
Duration : Period :
China Evergrande Group Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CHINA EVERGRANDE GROUP
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Last Close Price 2,56 HKD
Average target price 11,13 HKD
Spread / Average Target 335%
EPS Revisions
Managers and Directors
Hai Jun Xia Vice Chairman & Chief Executive Officer
Shou Ming Shi President
Da Rong Pan Chief Financial Officer & Executive Director
Ka Yan Hui Chairman
Dong Feng Chen Head-Information
Sector and Competitors
1st jan.Capi. (M$)
CHINA EVERGRANDE GROUP-82.82%4 346
VONOVIA SE-10.61%35 629
CHINA VANKE CO., LTD.-31.29%35 042
DEUTSCHE WOHNEN SE17.97%20 546
VINHOMES JOINT STOCK COMPANY14.31%15 030
VINGROUP JOINT STOCK COMPANY-4.14%14 969