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

CHINA EVERGRANDE GROUP

(3333)
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Hong Kong shares end near 4-month low as global recovery hopes falter

09/24/2020 | 04:52am EST

* HSI -1.8%, HSCE -2.0%, CSI300 -1.9%

* Evergrande falls on report of letter seeking local govt support

* U.S. Fed officials call for more fiscal support

BEIJING, Sept 24 (Reuters) - Hong Kong shares closed near a four-month low on Thursday following a selloff in equity markets worldwide, as a resurgence in COVID-19 cases and warnings from U.S. Federal Reserve officials undermined hopes for a quick global recovery.

** At the close of trade, the Hang Seng index was down 431.44 points, or 1.82%, at 23,311.07, its lowest since May 29. The Hang Seng China Enterprises index fell 1.96% to 9,371.19. ** The subindex of the Hang Seng tracking energy shares dipped 2.9%, while the IT sector fell 2.9%. The financial sector ended 1.82% lower and the property sector lost 0.18%.

** U.S. Federal Reserve Vice Chair Richard Clarida on Wednesday called for more fiscal stimulus, saying the U.S. economy remains in a "deep hole" of joblessness and weak demand. ** Consecutive drops and resurgence in coronavirus cases abroad are delaying recovery in the United States and leading to market slumps, said Zhang Yanbing, an analyst with Zheshang Securities.

** HK-listed shares of Chinese No.2 property developer China Evergrande Group fell 5.6% to HK$15.22, the lowest since May 12. Chinese online media posted a letter Evergrande addressed to Guangdong provincial government, dated Aug. 24, to pledge for support for its A-share backdoor listing plan.

** China's main Shanghai Composite index closed down 1.72% at 3,223.18 points, while the blue-chip CSI300 index ended down 1.92%. ** Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.04%, while Japan's Nikkei index closed down 1.11%. ** The yuan was quoted at 6.8244 per U.S. dollar at 08:13 GMT, 0.23% weaker than the previous close of 6.809.

(Reporting by Zhang Yan in Beijing, and Andrew Galbraith in Shanghai)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CHINA EVERGRANDE GROUP -2.53% 16.16 End-of-day quote.-25.19%
HANG SENG 0.07% 26542.09 Real-time Quote.-5.91%
MSCI AC ASIA EX JAPAN (STRD, UHD) 1.28% 800.749 Real-time Quote.14.87%
NIKKEI 225 0.05% 26800.98 Real-time Quote.13.23%
S&P/CITIC 300 INDEX -0.01% 4392.56 Delayed Quote.23.68%
S&P/CITIC 50 INDEX 0.05% 4422.92 Delayed Quote.18.30%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.01% 6.5489 Delayed Quote.-5.47%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) -0.13% 6.5622 Delayed Quote.-5.53%
ZHESHANG SECURITIES -0.95% 16.68 End-of-day quote.49.87%
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Financials
Sales 2020 647 B 83 467 M 83 467 M
Net income 2020 33 544 M 4 327 M 4 327 M
Net Debt 2020 619 B 79 798 M 79 798 M
P/E ratio 2020 6,20x
Yield 2020 6,96%
Capitalization 214 B 27 598 M 27 599 M
EV / Sales 2020 1,29x
EV / Sales 2021 0,89x
Nbr of Employees 131 615
Free-Float 14,9%
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
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 20,16 HKD
Last Close Price 16,16 HKD
Spread / Highest target 97,3%
Spread / Average Target 24,7%
Spread / Lowest Target -6,03%
EPS Revisions
Managers
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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