Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. CIFI Holdings (Group) Co. Ltd.
  6. News
  7. Summary
    884   KYG2140A1076

CIFI HOLDINGS (GROUP) CO. LTD.

(884)
  Report
Delayed Hong Kong Stock Exchange  -  03:08:49 2023-02-03 am EST
1.120 HKD   -2.61%
01/17ICBC Provides 240 Billion Yuan Loans to 16 Shanghai Developers
MT
01/11CIFI Logs 6.44 Billion Yuan in December Contracted Sales
MT
01/04China's Fiscal Spending Expansion Plans Propel Hong Kong Stocks Higher; CIFI Jumps 13%
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

China's property shares jump as regulators outline new financing package

11/13/2022 | 08:43pm EST
Workers work at a construction site, following the COVID-19 outbreak, in Shanghai

HONG KONG (Reuters) - Chinese property stocks soared on Monday as the market cheered a new aggressive financing package outlined by Chinese regulators to shore up the liquidity of its embattled property sector, with the shares of many major companies surging over 14%.

Large property developers Country Garden, Longfor Group, CIFI Holdings and Greentown China all jumped close to 15% at market open. The Hang Seng Mainland Properties Index gained 9.7%.

Two sources told Reuters a notice to financial institutions from the People's Bank of China (PBOC) and the China Banking and Insurance Regulatory Commission (CBIRC) outlined 16 steps to support the industry, including loan repayment extensions, in a major push to ease the deep liquidity crunch which has plagued the property sector since mid-2020.

(Reporting by Clare Jim; Editing by Ana Nicolaci da Costa)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BANK OF CHINA LIMITED -0.33% 2.98 Delayed Quote.4.93%
CIFI HOLDINGS (GROUP) CO. LTD. -2.61% 1.12 Delayed Quote.1.82%
COUNTRY GARDEN HOLDINGS CO. LTD. -3.78% 2.8 Delayed Quote.4.87%
GREENTOWN CHINA HOLDINGS LIMITED -1.37% 11.54 Delayed Quote.1.23%
LONGFOR GROUP HOLDINGS LIMITED -2.74% 24.85 Delayed Quote.2.26%
All news about CIFI HOLDINGS (GROUP) CO. LTD.
01/17ICBC Provides 240 Billion Yuan Loans to 16 Shanghai Developers
MT
01/11CIFI Logs 6.44 Billion Yuan in December Contracted Sales
MT
01/04China's Fiscal Spending Expansion Plans Propel Hong Kong Stocks Higher; CIFI Jumps 13%
MT
01/03CIFI Shares Surge After State Media Reports New Bond-Issuance Plan
DJ
2022Chinese Shares End Year With Modest Gains; Two Shenzhen Debutants Post Mixed Results
MT
2022CIFI Holdings Slashes Conversion Price of 6.95% Convertible Bonds Due 2025
MT
2022CIFI Completes HK$946 Million Share Placement; Shares Slip 4%
MT
2022CIFI Controlling Shareholders Buy 1 Million Shares for HK$1 Million
MT
2022CIFI Controlling Shareholders Purchase 1 Million Shares for HK$1.1 Million
MT
2022Ongoing Virus Wave in China Pull Down Hong Kong Stocks; CIFI Holdings Drops 16%
MT
More news
Analyst Recommendations on CIFI HOLDINGS (GROUP) CO. LTD.
More recommendations
Financials
Sales 2022 86 266 M 12 757 M 12 757 M
Net income 2022 4 610 M 682 M 682 M
Net Debt 2022 79 563 M 11 766 M 11 766 M
P/E ratio 2022 1,88x
Yield 2022 3,45%
Capitalization 9 953 M 1 472 M 1 472 M
EV / Sales 2022 1,04x
EV / Sales 2023 0,98x
Nbr of Employees 25 785
Free-Float 44,8%
Chart CIFI HOLDINGS (GROUP) CO. LTD.
Duration : Period :
CIFI Holdings (Group) Co. Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CIFI HOLDINGS (GROUP) CO. LTD.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Last Close Price 0,97 CNY
Average target price 1,34 CNY
Spread / Average Target 38,6%
EPS Revisions
Managers and Directors
Feng Lin Chief Executive Officer & Executive Director
Xin Yang Chief Financial Officer, Executive Director & VP
Zhong Lin Chairman
Feng Liu General Manager-Operation Center
Tao Yuan Pan Vice President & GM-Investment Center