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    2007   KYG245241032

COUNTRY GARDEN HOLDINGS CO. LTD.

(2007)
  Report
Delayed Hong Kong Stock Exchange  -  04:08 2022-07-05 am EDT
4.650 HKD   -0.85%
07/04Country Garden Logs $5 Billion in June Contracted Sales; Shares Slip 4%
MT
07/03Country Garden Holdings Company Limited Reports Unaudited Sales Results for the Month Ended June 2022
CI
07/01China’s Top 100 Developers Post 43% Drop in June Home Sales
MT
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China stocks close lower on dire economic activity data; Hong Kong edges up

05/16/2022 | 04:58am EDT

SHANGHAI, May 16 (Reuters) - China stocks ended down on Monday after data showed the country's economic activity had cooled sharply in April due to COVID-19 lockdowns, with investors looking past Shanghai's June reopening plan and a home-loan rate cut for first-time buyers.

The blue-chip CSI300 index fell 0.8% to 3,956.54, while the Shanghai Composite Index was down 0.3% at 3,073.75.

The Hang Seng index rose 0.3%, to 19,950.21, while the China Enterprises Index gained 0.3%, to 6,826.31 points.

** China's April retail sales plunged 11.1% versus a year earlier, almost twice the projected drop, while industrial output fell 2.9%, compared with analysts' forecast for a slight increase.

** Data on Friday showed new bank lending in China hit its lowest level in nearly four-and-a-half years in April, as the pandemic jolted the economy and weakened credit demand.

** Shanghai set out plans for a return of more normal life from June 1 and for the end of a painful COVID-19 lockdown that has lasted more than six weeks.

** To prop up the property sector, the central bank cut the lower limit of interest rates on home loans for first-time purchasers by 20 basis points, based on Loan Prime Rates.

** "Although we expect this cut to provide a benefit, the positive impact could be quite limited, as stringent anti-COVID-19 measures appear set to continue for an unspecified time," Nomura analysts said in a note.

** "We expect more policy actions to follow in the next few months," said Zhiwei Zhang, president and chief economist at Pinpoint Asset Management.

** China's central bank rolled over maturing medium-term policy loans while keeping the interest rate unchanged on Monday, and some banks expect the lending benchmark Loan Prime Rate could be lowered at the monthly fixing on Friday.

** China's property sales in April fell at their fastest pace in around 16 years. Meanwhile, sources told Reuters three leading Chinese property developers, Country Garden, Longfor Group and Midea Real Estate, had been asked by authorities to issue bonds this week.

** Property developers gained 1.5% and energy shares rose 2.2%, while healthcare firms lost 2.1% and automobiles declined 1.4%.

** Tech giants trading in Hong Kong ended almost flat after opening up 2.4%, with food-delivery firm Meituan down 2.5%. E-commerce behemoth Alibaba climbed nearly 3% to provide the biggest boost to the Hang Seng benchmark.

** Mainland developers listed in Hong Kong surged 3.4%, with Country Garden jumping more than 10% to become the biggest percentage gainer in the Hang Seng Index. (Reporting by Shanghai Newsroom; Editing by Edmund Klamann)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
COUNTRY GARDEN HOLDINGS CO. LTD. -0.85% 4.65 Delayed Quote.-32.23%
HONG KONG HANG SENG 0.10% 21853.07 Delayed Quote.-6.70%
LONGFOR GROUP HOLDINGS LIMITED -2.69% 36.2 Delayed Quote.1.36%
MEITUAN INC. -1.74% 197.7 Delayed Quote.-10.74%
MIDEA GROUP CO., LTD. 2.01% 59.97 End-of-day quote.-18.75%
MIDEA REAL ESTATE HOLDING LIMITED 0.00% 12.36 Delayed Quote.1.98%
NOMURA CO., LTD. 0.22% 916 Delayed Quote.-4.09%
NOMURA CORPORATION 1.48% 957 Delayed Quote.9.25%
S&P/CITIC 300 INDEX -0.14% 4101.15 Real-time Quote.-9.17%
S&P/CITIC 50 INDEX 0.00% 3948.68 Real-time Quote.-6.33%
All news about COUNTRY GARDEN HOLDINGS CO. LTD.
07/04Country Garden Logs $5 Billion in June Contracted Sales; Shares Slip 4%
MT
07/03Country Garden Holdings Company Limited Reports Unaudited Sales Results for the Month E..
CI
07/01China’s Top 100 Developers Post 43% Drop in June Home Sales
MT
06/26Country Garden Completes Offer to Purchase 4.75% Bonds Due 2022
MT
06/23Country Garden Redeems $410 Million of Offshore Bond
MT
06/23Country Garden to Purchase $411 Million of 4.75% Bonds Due July 25 Under Tender Offer
MT
06/16Chinese Developers Brace For $26 Billion Maturing Debts in June, July
MT
06/16Hong Kong Hang Seng Off 2.2% After Fed Rate Hike
MT
06/16Country Garden to Purchase Bonds Worth $683.4 Million
MT
06/16Country Garden Holdings Company Limited Offer to Purchase for Cash Any and All of Its O..
CI
More news
Analyst Recommendations on COUNTRY GARDEN HOLDINGS CO. LTD.
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Financials
Sales 2022 529 B 78 989 M 78 989 M
Net income 2022 28 507 M 4 255 M 4 255 M
Net Debt 2022 149 B 22 209 M 22 209 M
P/E ratio 2022 3,27x
Yield 2022 7,73%
Capitalization 91 613 M 13 673 M 13 673 M
EV / Sales 2022 0,45x
EV / Sales 2023 0,47x
Nbr of Employees 150 353
Free-Float 30,6%
Chart COUNTRY GARDEN HOLDINGS CO. LTD.
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Technical analysis trends COUNTRY GARDEN HOLDINGS CO. LTD.
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 20
Last Close Price 4,01 CNY
Average target price 5,89 CNY
Spread / Average Target 47,2%
EPS Revisions
Managers and Directors
Bin Mo President & Executive Director
Bi Jun Wu Chief Financial Officer & Vice President
Kwok Keung Yeung Co-Chairman
Hui Yan Yang Co-Chairman
Lai Him Shek Independent Non-Executive Director