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    2007   KYG245241032

COUNTRY GARDEN HOLDINGS COMPANY LIMITED

(2007)
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Hong Kong shares drop over 1.5% as tech, casino stocks weigh

09/15/2021 | 04:53am EDT

Sept 15 (Reuters) - Hong Kong shares ended lower on Wednesday, dragged down by tech and casino gaming stocks, following reports that Beijing will step up its efforts to promote the development of a "civilized" internet.

** The Hang Seng index closed 1.8% lower at 25,033.21, while the China Enterprises Index lost 1.6% at 8,936.53 points.

** Tech stocks declined after state news agency Xinhua said China will push for a more 'civilised' internet by strengthening oversight over the likes of news websites and online platforms.

** The Hang Seng Tech Index plunged 3.1%, with internet giants Tencent Holdings, Alibaba Group , and Meituan dropping 4.1%, 2.7%, and 4.5%, respectively.

** Shares of Macau casino gaming companies listed in Hong Kong tumbled as Macau kicked off public gaming consultation ahead of casino rebidding.

** China CSI index tracking HK-listed gaming stocks slumped 23%, with constituent Sands China Ltd down 32.5%, the biggest daily decliner in the Hang Seng Index.

** China Evergrande Group dropped 5.4% to its lowest since January 2014 after Bloomberg reported that China's major banks have been notified by the housing authority that Evergrande won't be able to pay loan interest due Sept. 20.

** Evergrande's crisis has prompted worries of broader risks to the country's real estate market and financial system.

** The Hang Seng Property Index went down 2.2%, with property developer Country Garden slumping 8.8% to its lowest since May 2017. The Hang Seng Finance Index declined 1.1%.

** Insurance giant AIA Group shed 3.9%, dragging the city's benchmark down 81 points.

** The energy sub-index added 0.1% on strong oil prices. (Reporting by the Shanghai Newsroom; Editing by Sherry Jacob-Phillips)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AIA GROUP LIMITED -0.33% 89.4 End-of-day quote.-5.89%
CHINA EVERGRANDE GROUP 4.26% 2.69 End-of-day quote.-81.95%
COUNTRY GARDEN HOLDINGS COMPANY LIMITED 0.99% 8.16 End-of-day quote.-23.88%
MEITUAN 0.28% 289.2 End-of-day quote.-1.83%
SANDS CHINA LTD. 0.00% 17.56 End-of-day quote.-48.43%
TENCENT HOLDINGS LIMITED 0.79% 509.5 End-of-day quote.-9.66%
All news about COUNTRY GARDEN HOLDINGS COMPANY LIMITED
10/20Hong Kong Hang Seng Up 1.4%, Extends Rally on Tech Issues
MT
10/20S E A : SEA Units Offload $32 Million Worth of Bonds in Country Garden; Shares Slide 3%
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10/19Hong Kong Hang Seng Up 1.5% on Tech Rally, Despite Slipping Property Issues
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10/18China’s Home Sales Tumble 17% in September Amid Property Slowdown
MT
10/12China's property sector stalked by Evergrande default fears
RE
10/12Hong Kong Hang Seng Down 1.4% on Wall Street Cues, Energy Outlook, Tech Retreat
MT
10/12(OFFICIAL)-UPDATE 2-Evergrande misses 3rd round of bond coupon payments, intensifying c..
RE
10/11Morgan Stanley Lifts Outlook on China’s Property Market on Potential Policy Easin..
MT
10/11China’s Top 100 Property Developers Post 36.2% Drop in September Sales
MT
10/07JPMorgan Estimates Substantial Off-Balance Sheet Debt at Evergrande, Rivals
MT
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Analyst Recommendations on COUNTRY GARDEN HOLDINGS COMPANY LIMITED
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Financials
Sales 2021 537 B 84 162 M 84 162 M
Net income 2021 35 795 M 5 607 M 5 607 M
Net Debt 2021 169 B 26 463 M 26 463 M
P/E ratio 2021 5,04x
Yield 2021 5,90%
Capitalization 181 B 23 309 M 28 382 M
EV / Sales 2021 0,65x
EV / Sales 2022 0,62x
Nbr of Employees 146 736
Free-Float 30,8%
Chart COUNTRY GARDEN HOLDINGS COMPANY LIMITED
Duration : Period :
Country Garden Holdings Company Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends COUNTRY GARDEN HOLDINGS COMPANY LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 8,16 CNY
Average target price 8,29 CNY
Spread / Average Target 1,64%
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