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    960   KYG5635P1090

LONGFOR GROUP HOLDINGS LIMITED

(960)
  Report
Delayed Hong Kong Stock Exchange  -  04:08 2022-10-03 am EDT
24.35 HKD   +7.98%
06:38aHong Kong Hang Seng Down 0.8%, But Property Issues Gain
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04:48aHong Kong stocks track broader Asia softer amid China holiday, Chinese developers jump
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09/29Hong Kong Hang Seng Down 0.5% as Property Issues Sustain Declines
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China stocks fall as COVID flare-ups, Fed tightening woes weigh

08/12/2022 | 12:38am EDT

SHANGHAI, Aug 12 (Reuters) - China stocks slipped on Friday as domestic COVID-19 cases rose sharply, while uncertainty over the Federal Reserve's monetary tightening trajectory also dented sentiment in regional markets.

The CSI300 index and the Shanghai Composite Index both fell 0.2% at the end of the morning session.

The Hang Seng index added 0.3%, while the Hong Kong China Enterprises Index gained 0.5%.

** For the week, the CSI300 index is up 0.7% so far and is set to snap a five-week losing streak. The Hang Seng index slipped 0.3%.

** Daily caseload for COVID-19 has risen to more than 2,000 in recent two days from around 1,000 earlier.

** "COVID-19 resurgence still weighs on market confidence in macro recovery despite continuous containment policy re-calibration," said Morgan Stanley analysts in a note.

** "The ongoing housing market uncertainty may also potentially delay the macro economy's bottoming out," they added.

** Other Asian stocks also fell on uncertainty over how aggressively the Fed would raise interest rates.

** Defence stocks retreated 2.2% on Friday, while still up nearly 3% for the week amid geopolitical tensions.

** Energy shares rose more than 2%, and real estate developers added 0.5%.

** Most other sectors remained tepid. Consumer staples , information technology, new energy were down between 0.1% and 1.2% each.

** Mainland property developers traded in Hong Kong lost 1.4% amid debt woes, with Longfor Group down 3.4%. The Chinese developer rose in the previous session after it denied rumours that it had missed payment on commercial paper.

** Hong Kong-listed tech companies edged up 0.5%, with index heavyweights Alibaba and Meituan up more than 1% each.

** China's sportswear group Li Ning Co surged nearly 6% to become the biggest percentage gainer in the Hang Seng Index, as its net profit and revenue for six months jumped. (Reporting by Shanghai Newsroom; editing by Uttaresh.V)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED 0.58% 80.45 Delayed Quote.-32.66%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 1.46% 0.65124 Delayed Quote.-11.82%
BRITISH POUND / US DOLLAR (GBP/USD) 1.63% 1.13168 Delayed Quote.-17.51%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 1.14% 0.7336 Delayed Quote.-8.62%
EURO / US DOLLAR (EUR/USD) 0.31% 0.98238 Delayed Quote.-13.87%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.02% 0.012267 Delayed Quote.-8.63%
LI NING COMPANY LIMITED 0.67% 60.5 Delayed Quote.-29.58%
LONGFOR GROUP HOLDINGS LIMITED 7.98% 24.35 Delayed Quote.-38.56%
MEITUAN INC. -2.36% 161.7 Delayed Quote.-28.26%
MORGAN STANLEY 1.73% 80.38 Delayed Quote.-19.51%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 1.76% 0.57186 Delayed Quote.-18.17%
S&P/CITIC 300 INDEX -0.61% 3483 Real-time Quote.-22.44%
S&P/CITIC 50 INDEX -0.37% 3385.92 Real-time Quote.-19.31%
All news about LONGFOR GROUP HOLDINGS LIMITED
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Analyst Recommendations on LONGFOR GROUP HOLDINGS LIMITED
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Financials
Sales 2022 254 B 35 702 M 35 702 M
Net income 2022 23 712 M 3 333 M 3 333 M
Net Debt 2022 119 B 16 771 M 16 771 M
P/E ratio 2022 5,69x
Yield 2022 5,86%
Capitalization 139 B 19 484 M 19 484 M
EV / Sales 2022 1,02x
EV / Sales 2023 0,98x
Nbr of Employees 35 048
Free-Float 25,8%
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Mean consensus BUY
Number of Analysts 23
Last Close Price 22,07 CNY
Average target price 37,24 CNY
Spread / Average Target 68,8%
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Managers and Directors
Xu Ping Chen Chief Executive Officer, COO & Executive Director
Yi Zhao Head-Financial Department-Chengdu Region
Ya Jun Wu Chairman
Shi Xuan Huang General Manager-Engineering Department
Frederick Peter Churchouse Independent Non-Executive Director