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CHINA EVERGRANDE GROUP

(3333)
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Delayed Hong Kong Stock Exchange  -  03/18 04:08:12 am EDT
1.650 HKD   +8.55%
05/13Revenue of 13 Major Chinese Builders Tank 52% in April Despite Easing of Property Curbs
MT
05/08Evergrande Wins Six-Month Extension on Renminbi Bonds
MT
05/05China Evergrande Says April Contracted Sales Topped $467 Million
DJ
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China stocks fall ahead of Fed meeting, Lunar New Year

01/25/2022 | 12:17am EDT

SHANGHAI, Jan 25 (Reuters) - China stocks fell on Tuesday on weakened sentiment over concerns that the U.S. Federal Reserve would tighten policies and uncertainties in the markets ahead of the incoming Chinese New Year holidays, with media firms leading the decline.

The CSI300 index fell 0.8%, to 4,748.54 points, at the end of the morning session, while the Shanghai Composite Index lost 1.1%, to 3,484.80 points.

The Hang Seng index dropped 1.2%, to 24,351.38 points. The Hong Kong China Enterprises Index lost 1.0%, to 8,569.14.

** Real estate developers lost 2% on concerns over debt woes in the squeezed sector.

** Energy stocks declined 2.4%, with coal miners down 3.2%.

** Media firms slumped nearly 4%, after the Cyberspace Administration of China (CAC) launched a month-long "clean cyberspace" campaign.

** The Federal Reserve will begin its two-day meeting later on Tuesday, and Chinese markets will be closed for the New Year holidays starting from Jan 31.

** Tech giants and financial firms dragged Hong Kong shares lower, on concerns about faster U.S. rate hikes and mounting tensions over Ukraine.

** The Hang Seng Tech index dropped 1.7%, with Alibaba Group, Tencent Holdings and Meituan down between 0.9% and 1.6%.

** Hang Seng Finance Index retreated 1.4%. Insurer AIA Group and banking and financial services provider HSBC Holdings lost 3% and 2.1% respectively, two biggest point contributors dragging the Hang Seng Index.

** Healthcare firms dropped 2%, with Sino Biopharmaceutical Ltd down 4.2% to become the second largest percentage decliner on the Hang Seng Index.

** Property developer Shimao Group Holdings jumped 7.5% after it sold its holdings in a Guangzhou complex to a state-owned partner for 1.84 billion yuan ($290.65 million), following a sale of a commercial land in Shanghai last week.

** However, China Evergrande Group dropped 3.8% as the cash-strapped developer sought more time from its offshore bondholders to work on a "comprehensive" and "effective" debt restructuring plan. (Reporting by Shanghai Newsroom; Editing by Shailesh Kuber)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AIA GROUP LIMITED 4.73% 77.55 Delayed Quote.-5.79%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.76% 0.7022 Delayed Quote.-4.31%
BRITISH POUND / US DOLLAR (GBP/USD) 1.15% 1.24694 Delayed Quote.-9.40%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.29% 0.78037 Delayed Quote.-2.04%
CHINA EVERGRANDE GROUP 8.55% 1.65 End-of-day quote.3.77%
EURO / US DOLLAR (EUR/USD) 0.39% 1.04781 Delayed Quote.-8.55%
HANG SENG 3.27% 20602.52 Delayed Quote.-14.95%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.22% 0.01288 Delayed Quote.-3.88%
MEITUAN INC. 6.24% 173.7 Delayed Quote.-27.46%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.77% 0.63589 Delayed Quote.-7.99%
SHIMAO GROUP HOLDINGS LIMITED -2.21% 4.42 Delayed Quote.-13.33%
SINO BIOPHARMACEUTICAL LIMITED 2.53% 4.05 Delayed Quote.-27.66%
TENCENT HOLDINGS LIMITED 5.26% 368.4 Delayed Quote.-23.38%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.52% 6.76069 Delayed Quote.6.92%
All news about CHINA EVERGRANDE GROUP
05/13Revenue of 13 Major Chinese Builders Tank 52% in April Despite Easing of Property Curbs
MT
05/08Evergrande Wins Six-Month Extension on Renminbi Bonds
MT
05/05China Evergrande Says April Contracted Sales Topped $467 Million
DJ
05/05Running on hope, China markets want action, not more policy pledges
RE
04/29Evergrande Targets $150.5 Million in Golden Week Holiday Sales
MT
04/28China Evergrande targets sales of $152 million in Golden Week holiday
RE
04/27Evergrande Unit Gets Six-Month Extension for $87 Million Interest Payment
MT
04/27China Evergrande gains six-month extension for Hengda onshore coupon payment
RE
04/26Evergrande, Kaisa, Others Join Central Bank’s Talks on Measures for Ailing Sector
MT
04/25China property firms joined c. bank talks on ways to help sector, sources say
RE
More news
Analyst Recommendations on CHINA EVERGRANDE GROUP
More recommendations
Financials
Sales 2021 519 B 66 158 M 66 158 M
Net income 2021 12 727 M 1 621 M 1 621 M
Net Debt 2021 527 B 67 103 M 67 103 M
P/E ratio 2021 1,72x
Yield 2021 3,53%
Capitalization 21 787 M 2 775 M 2 775 M
EV / Sales 2021 1,06x
EV / Sales 2022 0,99x
Nbr of Employees 163 119
Free-Float 29,5%
Chart CHINA EVERGRANDE GROUP
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China Evergrande Group Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Last Close Price 1,65 HKD
Average target price 1,89 HKD
Spread / Average Target 14,4%
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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