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    6666   KYG3224K1022

EVERGRANDE PROPERTY SERVICES GROUP LIMITED

(6666)
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Evergrande Property Services : suspends securities trading on Hong Kong Stock Exchange

10/04/2021 | 12:37am EST

Beijing, Sep 30 (EFE).- The indebted Chinese real estate giant Evergrande said Monday it had suspended trading of its securities listed on the Hong Kong Stock Exchange, without offering further details on the matter.

The group reported this suspension, which also affects "all structured products related to the company," in a statement issued through the Hong Kong stock market, which returned to activity Monday after a three-day hiatus.

The company climbed 15 percent on the stock market Wednesday after announcing the sale of a large part of its shares in a bank to a state company and after the debt rating agency Fitch lowered the rating of the group's long-term debt due to the uncertainty about its offshore bonds.

The group's parent company has lost 78.3 percent since the beginning of the year and experts believe its future could go through a restructuring with which projects would be passed on to other promoters. This is to guarantee their completion before a state company acts as an "strategic investor" to solve the group's financing problems.

While Evergrande's future remains uncertain, Fitch last week downgraded the long-term issuer risk rating of indebted Chinese real estate giant Evergrande from "CC" to "C," the third lowest level of its rank.

At the end of June, according to the data provided by the group, its total liabilities exceeded $ 300 billion, of which it has to repay $ 37 billion in loans before the end of the first half of 2022. EFE

© 2021 EFE News Services (U.S.) Inc., source EFE Ingles

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Analyst Recommendations on EVERGRANDE PROPERTY SERVICES GROUP LIMITED
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Financials
Sales 2021 15 999 M 2 511 M 2 511 M
Net income 2021 4 043 M 634 M 634 M
Net cash 2021 14 580 M 2 288 M 2 288 M
P/E ratio 2021 8,42x
Yield 2021 2,47%
Capitalization 32 684 M 5 134 M 5 129 M
EV / Sales 2021 1,13x
EV / Sales 2022 0,62x
Nbr of Employees 81 136
Free-Float 39,0%
Chart EVERGRANDE PROPERTY SERVICES GROUP LIMITED
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Evergrande Property Services Group Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends EVERGRANDE PROPERTY SERVICES GROUP LIMITED
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 3,02 CNY
Average target price 10,62 CNY
Spread / Average Target 251%
EPS Revisions
Managers and Directors
Chang Long Zhao Deputy Chairman & General Manager
Litao Zhen Chairman
Wei De Huang Independent Non-Executive Director
Zhao Hui Guo Independent Non-Executive Director
Liang Hu Executive Director & Deputy General Manager
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