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    3333   KYG2119W1069

CHINA EVERGRANDE GROUP

(3333)
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Hong Kong shares fall as Evergrande missing interest payment sparks jitters

09/24/2021 | 04:39am EDT

* Hang Seng index ends down 1.3%

* China Enterprises index HSCE falls 1.47%

* Property sector slumps 2.28% on Evergrande concern

SHANGHAI, Sept 24 (Reuters) - Hong Kong shares ended lower on Friday, dragged down by broad losses across sectors, as global investors fretted over the impact of a missed bond interest payment by debt-laden developer China Evergrande.

** At the close of trade, the Hang Seng index was down 318.82 points, or 1.3%, at 24,192.16. The Hang Seng China Enterprises index fell 1.47% to 8,604.99. ** The energy sub-index dipped 1.7%, the IT sector dipped 1.12%, the financial sector ended 0.9% lower and the property sector slumped 2.28%. ** Property sector shares were hit after a bond interest payment deadline for heavily indebted developer China Evergrande Group expired on Thursday, with bondholders reporting they had not been paid. ** China Evergrande's shares tanked 11.61%, making it the biggest percentage decliner among H-shares. ** China Evergrande New Energy Vehicle Group dived 23.37% and Evergrande Property Services Group fell 4.42%.

** China's main Shanghai Composite index closed down 0.8% at 3,613.07, while the blue-chip CSI300 index ended down 0.08%. ** Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.5%, while Japan's Nikkei index closed up 2.06%. ** The yuan was quoted at 6.4647 per U.S. dollar at 08:10 UTC, 0.07% weaker than the previous close of 6.46. ** At close, China's A-shares were trading at a premium of 46.54% over Hong Kong-listed H-shares. (Reporting by Andrew Galbraith; editing by Rashmi Aich)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CHINA EVERGRANDE GROUP -3.91% 2.95 End-of-day quote.-80.20%
CHINA EVERGRANDE NEW ENERGY VEHICLE GROUP LIMITED -8.14% 3.5 End-of-day quote.-88.41%
EVERGRANDE PROPERTY SERVICES GROUP LIMITED 2.40% 5.12 End-of-day quote.-42.73%
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Analyst Recommendations on CHINA EVERGRANDE GROUP
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Financials
Sales 2021 547 B 70 407 M 70 407 M
Net income 2021 2 419 M 311 M 311 M
Net Debt 2021 354 B 45 483 M 45 483 M
P/E ratio 2021 16,1x
Yield 2021 1,29%
Capitalization 38 943 M 5 009 M 5 010 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
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