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    688   HK0688002218

CHINA OVERSEAS LAND & INVESTMENT LTD.

(688)
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Delayed Hong Kong Stock Exchange  -  05/24 04:08:14 am EDT
23.30 HKD   -1.69%
05/15Hong Kong-Listed Property Developers Rise on China's Lower Mortgage Rates
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05/11China Overseas Land's Contracted Property Sales Fall Nearly 36% in April
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05/10China Overseas Land & Investment Limited Reports Unaudited Consolidated Contracted Property Sales for the Month and Year to Date Ended April 2022
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China shares gain as slower-than-expected inflation raises monetary easing bets

01/12/2022 | 12:11am EDT

* SSEC +0.35%, CSI300 +0.36%; Hang Seng +2.12%

* China producer price growth slower than expected in December

* Hang Seng up on tech boost, property drags

SHANGHAI, Jan 12 (Reuters) - Chinese shares rose on Wednesday, supported by materials, consumer and new energy firms after slower-than-expected December producer inflation made room for more monetary easing in the world's second-largest economy.

** At the midday break, the Shanghai Composite index was up 0.35% at 3,579.93.

** China's blue-chip CSI300 index was up 0.36%, with the new energy sub-index up 2.26%.

** Resource firms were 2.06% higher and the consumer staples sector was up 0.49%.

** China's producer prices rose slower than expected in December after government measures to contain high raw material prices, while consumer prices slowed as food prices fell.

** Analysts expect moderating factory-gate inflation to offer more room for loosening monetary policy, as authorities seek to stabilise growth.

** Hong Kong-listed Chinese H-shares rose 2.2% to 8,552.76, while the Hang Seng Index gained 2.12% to 24,241.15.

** The Hang Seng Tech index was 3.86% higher at midday as tech firms led a rebound in equities after U.S. Federal Reserve Chairman Jerome Powell gave less hawkish than expected comments in a testimony to Congress.

** JD.Com Inc, up 9.89%, was the top gainer among H-shares, followed by Meituan, gaining 9.33% and CNOOC Ltd, up 7.93%.

** Mainland developers capped broader gains in Hong Kong and were the top H-shares decliners.

** Sunac China Holdings Ltd fell 4.6%, China Overseas Land & Investment Ltd lost 2.63% and Country Garden Holdings Co Ltd slipped 2.04%.

** The mainland properties index fell 1.99%.

** The smaller Shenzhen index was up 0.7%, the start-up board ChiNext Composite index was up 1.36% and Shanghai's tech-focused STAR50 index was up 0.61%.

** Around the region, MSCI's Asia ex-Japan stock index rose 1.16%, while Japan's Nikkei index gained 1.93%.

** The yuan was quoted at 6.3651 per U.S. dollar, 0.13% firmer than the previous close of 6.3733.

(Reporting by Andrew Galbraith; Editing by Rashmi Aich)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / CHINESE YUAN RENMINBI (AUD/CNY) 0.32% 4.732577 Delayed Quote.2.46%
BRITISH POUND / CHINESE YUAN RENMINBI (GBP/CNY) -0.23% 8.34601 Delayed Quote.-2.65%
CANADIAN DOLLAR / CHINESE YUAN RENMINBI (CAD/CNY) -0.36% 5.1893 Delayed Quote.3.88%
CHINA OVERSEAS LAND & INVESTMENT LTD. -1.69% 23.3 Delayed Quote.28.39%
COUNTRY GARDEN HOLDINGS CO. LTD. -1.63% 4.82 Delayed Quote.-29.19%
EURO / CHINESE YUAN RENMINBI (EUR/CNY) 0.50% 7.1402 Delayed Quote.-2.08%
HANG SENG -1.75% 20112.1 Delayed Quote.-12.51%
INDIAN RUPEE / CHINESE YUAN RENMINBI (INR/CNY) 0.11% 0.085883 Delayed Quote.0.76%
MEITUAN INC. -4.83% 159.6 Delayed Quote.-25.60%
NIKKEI 225 -0.94% 26748.14 Real-time Quote.-6.22%
ON SEMICONDUCTOR CORPORATION -2.49% 54.5 Delayed Quote.-17.71%
S&P/CITIC 300 INDEX -2.37% 3613.2 Real-time Quote.-17.59%
S&P/CITIC 50 INDEX -1.91% 3457.8 Real-time Quote.-15.99%
SHENZHEN STOCK EXCHANGE A SHARE INDEX -3.63% 2011.22 Real-time Quote.-21.18%
SUNAC CHINA HOLDINGS LIMITED -5.18% 4.58 Delayed Quote.-61.12%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.06% 6.657 Delayed Quote.5.35%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) 0.07% 6.6537 Delayed Quote.5.35%
All news about CHINA OVERSEAS LAND & INVESTMENT LTD.
05/15Hong Kong-Listed Property Developers Rise on China's Lower Mortgage Rates
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05/11China Overseas Land's Contracted Property Sales Fall Nearly 36% in April
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Financials
Sales 2022 318 B 40 479 M 40 479 M
Net income 2022 47 699 M 6 077 M 6 077 M
Net Debt 2022 147 B 18 705 M 18 705 M
P/E ratio 2022 5,34x
Yield 2022 5,58%
Capitalization 255 B 32 488 M 32 488 M
EV / Sales 2022 1,26x
EV / Sales 2023 1,15x
Nbr of Employees 5 692
Free-Float 33,9%
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Technical analysis trends CHINA OVERSEAS LAND & INVESTMENT LTD.
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Mean consensus BUY
Number of Analysts 27
Last Close Price 23,30 HKD
Average target price 30,29 HKD
Spread / Average Target 30,0%
EPS Revisions
Managers and Directors
Zhi Chao Zhang Chief Executive Officer & Executive Director
Sai Kit Lui Chief Financial Officer
Jian Guo Yan Chairman
Liang Luo Executive Director, Chief Architect & VP
Lai Tai Fan Hsu Independent Non-Executive Director