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MarketScreener Homepage  >  Equities  >  Shenzhen Stock Exchange  >  Hangzhou Hikvision Digital Technology Co., Ltd.    002415   CNE100000PM8

HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.

(002415)
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BlackRock says ETFs match index cuts of China stocks

01/11/2021 | 04:34pm EDT

BOSTON (Reuters) - Top asset manager BlackRock Inc said its iShares ETFs have complied with index provider moves to drop certain China securities in response to pressure from Washington.

In a note to clients provided by a spokesman for the New York asset manager on Monday, BlackRock listed five ETFs affected by the index provider changes, including four funds based on indexes provided by MSCI Inc and one benchmarked against the FTSE Russell China 50 Index.

The move is the latest as Wall Street firms cut their exposure to China, and shows the influence of index providers whose products determine the flow of passive investments.

Since last month MSCI, FTSE Russell and S&P Dow Jones have said they will remove a total of 15 different companies from equity indexes, among those that the U.S. Defense Department has said have links to the Chinese military. Many of the companies have denied the assertions, and China's government has said the claims lack evidence.

BlackRock has declined to make executives available for interviews. In its note to clients BlackRock said, "iShares ETFs have adjusted and will continue to be responsive in accordance with their respective indexes' treatment of securities impacted by recent U.S. sanctions on certain Chinese companies."

An MSCI-based fund listed by BlackRock is the $6.8 billion iShares MSCI China ETF. As of Jan. 8, its top holdings were Alibaba Group and Tencent Holdings Ltd, according to BlackRock's website.

Sanctioned firms like China Mobile Ltd, and Hangzhou Hikvision, among the ETF's investments in 2020, are not currently listed.

(Reporting by Ross Kerber in Boston; Editing by Cynthia Osterman)

By Ross Kerber


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED -1.10% 239.23 Delayed Quote.3.94%
BLACKROCK, INC. -0.18% 801.07 Delayed Quote.11.98%
CHINA MOBILE LIMITED 0.00% 50 End-of-day quote.13.12%
HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD. 1.24% 54.67 End-of-day quote.12.70%
LONDON STOCK EXCHANGE PLC 1.73% 7754 Delayed Quote.-13.92%
MSCI CHINA (STRD, UHD) -0.29% 107.949 Real-time Quote.-0.13%
MSCI INC. -0.56% 457.41 Delayed Quote.3.02%
TENCENT HOLDINGS LIMITED 2.55% 623.5 End-of-day quote.10.55%
All news about HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.
09:15aHANGZHOU HIKVISION DIGITAL TECHNOLOG : quaterly earnings release
04:07aHANGZHOU HIKVISION DIGITAL TECHNOLOG : Make faster, better traffic management de..
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04/12HANGZHOU HIKVISION DIGITAL TECHNOLOG : Foxstream joins Hikvision's HEOP program ..
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04/08HANGZHOU HIKVISION DIGITAL TECHNOLOG : How to track parcels in real time to boos..
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04/02HANGZHOU HIKVISION DIGITAL TECHNOLOG : Hikvision hosts 2021 AI Cloud Summit to b..
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04/02AI-POWERED VIDEO : an extra pair of eyes to keep factory production safe
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03/31HANGZHOU HIKVISION DIGITAL TECHNOLOG : Hikvision completes major enhancements to..
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03/31US FCC Commissioner Calls For Tougher Measures to Stop Huawei, ZTE's Market E..
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03/30ZTE  : U.S. FCC commissioner urges tougher steps on Chinese network equipment
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03/30ZTE  : U.S. FCC commissioner urges tougher steps on Chinese network equipment
RE
More news
Financials
Sales 2020 62 530 M 9 577 M 9 577 M
Net income 2020 13 509 M 2 069 M 2 069 M
Net cash 2020 21 175 M 3 243 M 3 243 M
P/E ratio 2020 37,9x
Yield 2020 1,30%
Capitalization 511 B 78 227 M 78 234 M
EV / Sales 2020 7,83x
EV / Sales 2021 6,45x
Nbr of Employees 40 403
Free-Float 37,2%
Chart HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.
Duration : Period :
Hangzhou Hikvision Digital Technology Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 22
Average target price 58,12 CNY
Last Close Price 54,67 CNY
Spread / Highest target 46,3%
Spread / Average Target 6,30%
Spread / Lowest Target -41,5%
EPS Revisions
Managers and Directors
NameTitle
Yang Zhong Hu General Manager & Executive Director
Yan Jin Chief Financial Officer & Deputy General Manager
Zong Nian Chen Chairman
Hui Fang Cheng Chairman-Supervisory Board
Zhi Dong Wang Independent Director
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1st jan.Capitalization (M$)
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