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
End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 10/25
2.67 HKD   -0.74%
06:03aHSBC joins investors reckoning worst is over in China
RE
05:06aChinese developer Modern Land defaults on bond; property shares drop
RE
04:51aStocks across the world buoyant on upbeat earnings
RE
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Stocks, FX slip as China power crunch deepens slowdown fears

09/28/2021 | 05:41am EDT

* China, HK shares rise as tech, property stocks rally

* MSCI EMFX, shares index both drop 0.2%

* Russian rouble bucks gloom, up 0.5%

* BlackRock modestly overweight on Chinese equities

Sept 28 (Reuters) - More evidence of slowing growth in China amid a power shortage and rising U.S. Treasury yields further dented fragile risk sentiment on Tuesday, although a rally in technology and property stocks kept heavyweight Chinese shares buoyed.

Profit growth at China's industrial firms slowed for a sixth month, data showed on Tuesday as plants fought off high commodity prices, COVID-19 outbreaks and part shortages.

An unfolding power crisis in the world's second-largest economy has piled onto investor worries over the fate of ailing property developer Evergrande.

MSCI's index of EM currencies headed for its worst session in three weeks, while stocks fell 0.2% as heavy declines in the rest of Asia, South Africa and Turkey outweighed gains in China .

"It is still unclear ... (whether) China's power crunch is easily 'fixable' or reversible, but in the meantime it generates more concerns about the global supply chain," said Natalia Gurushina, EM fixed income economist at VanEck.

Ratings agency S&P on Monday lowered annual 2021 GDP growth forecast for the Asia Pacific region to 6.7% from 7.1%. For broader EM, excluding India and China, S&P upgraded the forecast to 4.8% from a prior 4.6%.

But liquidity injections by China's central bank and its promises to protect consumers exposed to the housing market sent domestic property stocks higher on Tuesday.

Shares of big tech names such as Alibaba, Tencent and Meituan, which have seen steep slides recently thanks to tightening regulations, also rallied.

BlackRock is dipping a toe into Chinese equities on stimulus hopes, the asset manager said in a client note, adding it is also modestly overweight on EM debt. nL8N2QU1PT]

While a dollar lifted by rising Treasury yields pressured most EM currencies, Russia's rouble firmed 0.5% as oil prices rose.

Analysts also point to parliamentary elections that showed the ruling party retaining a majority, albeit reduced. "Policy continuity is broadly foreseen on all fronts. The situation is supportive of our forecast for the rouble exchange rate to modestly appreciate over the coming quarter," Commerzbank analysts said.

Turkey's lira was moving dangerously close to record lows, while the South African rand stayed at one-month lows, down about 0.6%.

In Tunisia, the dinar extended losses to a fourth straight session as political crisis in the country, following President Kais Saied's seizure of power, threatened to deepen economic troubles.

For GRAPHIC on emerging market FX performance in 2021, see http://tmsnrt.rs/2egbfVh For GRAPHIC on MSCI emerging index performance in 2021, see https://tmsnrt.rs/2OusNdX

For TOP NEWS across emerging markets

For CENTRAL EUROPE market report, see

For TURKISH market report, see

For RUSSIAN market report, see

(Reporting by Susan Mathew in Bengaluru; Editing by Giles Elgood and Ramakrishnan M.)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CHINA EVERGRANDE GROUP -0.74% 2.67 End-of-day quote.-82.08%
MEITUAN -0.83% 286.8 End-of-day quote.-2.65%
TENCENT HOLDINGS LIMITED -0.88% 505 End-of-day quote.-10.46%
All news about CHINA EVERGRANDE GROUP
06:03aHSBC joins investors reckoning worst is over in China
RE
05:06aChinese developer Modern Land defaults on bond; property shares drop
RE
04:51aStocks across the world buoyant on upbeat earnings
RE
04:41aTech and property firms dragged Hong Kong stocks lower
RE
03:30aChinese Shares Finish Moderately Lower; Three First-Time Listers Post Mixed Results
MT
02:12aStocks rally in Asia, China property sector worries dampen sentiment
RE
12:58aChinese developer Modern Land defaults on bond; property shares drop
RE
12:20aEMEA MORNING BRIEFING : Stocks to Extend Gains After Fresh Highs on Wall Street
DJ
10/25Modern Land Misses Payment Deadline for $250 Million Bond Amid Sector-Wide Default Fear..
MT
10/25Financials Flat As Treasury Yields Slip -- Financials Roundup
DJ
More news
Analyst Recommendations on CHINA EVERGRANDE GROUP
More recommendations
Financials
Sales 2021 547 B 70 392 M 70 392 M
Net income 2021 2 419 M 311 M 311 M
Net Debt 2021 354 B 45 473 M 45 473 M
P/E ratio 2021 14,6x
Yield 2021 1,42%
Capitalization 35 247 M 4 534 M 4 533 M
EV / Sales 2021 0,71x
EV / Sales 2022 0,47x
Nbr of Employees 163 119
Free-Float 18,6%
Chart CHINA EVERGRANDE GROUP
Duration : Period :
China Evergrande Group Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CHINA EVERGRANDE GROUP
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Last Close Price 2,67 HKD
Average target price 11,13 HKD
Spread / Average Target 317%
EPS Revisions
Managers and Directors
Hai Jun Xia Vice Chairman & Chief Executive Officer
Shou Ming Shi President
Da Rong Pan Chief Financial Officer & Executive Director
Ka Yan Hui Chairman
Dong Feng Chen Head-Information
Sector and Competitors
1st jan.Capi. (M$)
CHINA EVERGRANDE GROUP-82.08%4 534
CHINA VANKE CO., LTD.-28.26%36 599
VONOVIA SE-10.41%35 767
DEUTSCHE WOHNEN SE18.79%20 723
VINHOMES JOINT STOCK COMPANY14.02%14 992
VINGROUP JOINT STOCK COMPANY-4.24%14 952