1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. Country Garden Holdings Co. Ltd.
  6. News
  7. Summary
    2007   KYG245241032

COUNTRY GARDEN HOLDINGS CO. LTD.

(2007)
  Report
Delayed Hong Kong Stock Exchange  -  04:08 2022-08-15 am EDT
2.320 HKD   -4.53%
06:10aChina's New Home Prices Fall in July From June Amid Mortgage Boycotts
MT
08/12Hong Kong Hang Seng Up 0.5% As Property and Tech Sectors Edge Higher
MT
08/10Hong Kong stocks mark worst day in a week, Mainland shares ease on inflation data
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Country Garden Secures $2.37 Billion Financing Line for M&A

03/04/2022 | 12:18am EDT

By P.R. Venkat

Country Garden Holdings Co. said Friday that it has secured a 15 billion yuan (US$2.37 billion) line of financing from China Merchants Bank Co. for acquisitions in the property market.

Developers and the real estate market in Hong Kong and China have been severely hit by tighter credit conditions as well as falling demand for property. Many developers, including conglomerate China Evergrande Group, have defaulted on some of their debt, shaking investors' confidence in the Chinese real estate market.

Country Garden is among the few real estate developers considered to be in a strong financial position compared with its peers. Earlier this year, the developer raised US$501 million by issuing convertible bonds.

Its financing agreement with China Merchant Bank will allow the group to "better capture the merger and acquisition opportunities in the market," Country Garden said.


Write to P.R. Venkat at venkat.pr@wsj.com


(END) Dow Jones Newswires

03-04-22 0018ET

Stocks mentioned in the article
ChangeLast1st jan.
CHINA EVERGRANDE GROUP 8.55% 1.65 Delayed Quote.3.77%
CHINA MERCHANTS BANK CO., LTD. 0.03% 34.37 End-of-day quote.-29.44%
COUNTRY GARDEN HOLDINGS CO. LTD. -4.53% 2.32 Delayed Quote.-64.88%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.60% 6.7764 Delayed Quote.5.89%
All news about COUNTRY GARDEN HOLDINGS CO. LTD.
06:10aChina's New Home Prices Fall in July From June Amid Mortgage Boycotts
MT
08/12Hong Kong Hang Seng Up 0.5% As Property and Tech Sectors Edge Higher
MT
08/10Hong Kong stocks mark worst day in a week, Mainland shares ease on inflation data
RE
08/09Hong Kong Hang Seng Index Off 0.2%; Tech Issues Soft
MT
08/08Hong Kong Hang Seng Down 0.8%, Property and Tech Sectors Decline
MT
08/02Hong Kong Down 2.4% on Taiwan Tensions; Tech and Property Shares Slump
MT
08/01China’s Top 100 Property Firms Post 39.7% Drop in Home Sales in July
MT
08/01Hong Kong Hang Seng Flat As Property Issues Sag
MT
07/28Hong Kong Hang Seng Off 0.2%, HK Monetary Authority Raises Rates
MT
07/27GLOBAL MARKETS LIVE : Adidas, Alphabet, Chipotle, Spotify, Shopify...
MS
More news
Analyst Recommendations on COUNTRY GARDEN HOLDINGS CO. LTD.
More recommendations
Financials
Sales 2022 523 B 77 512 M 77 512 M
Net income 2022 27 733 M 4 113 M 4 113 M
Net Debt 2022 138 B 20 507 M 20 507 M
P/E ratio 2022 1,76x
Yield 2022 12,0%
Capitalization 50 388 M 7 473 M 7 473 M
EV / Sales 2022 0,36x
EV / Sales 2023 0,36x
Nbr of Employees 150 353
Free-Float 31,8%
Chart COUNTRY GARDEN HOLDINGS CO. LTD.
Duration : Period :
Country Garden Holdings Co. Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends COUNTRY GARDEN HOLDINGS CO. LTD.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 2,09 CNY
Average target price 5,33 CNY
Spread / Average Target 155%
EPS Revisions
Managers and Directors
Yong Hong Mei Chief Executive Officer
Bin Mo President & Executive Director
Bi Jun Wu Chief Financial Officer & Vice President
Kwok Keung Yeung Co-Chairman
Hui Yan Yang Co-Chairman