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    960   KYG5635P1090

LONGFOR GROUP HOLDINGS LIMITED

(960)
  Report
End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 10/26
38 HKD   -2.81%
10/26HSBC joins investors reckoning worst is over in China
RE
10/26China stocks inch higher on IT gains; Hong Kong slips
RE
10/22Hong Kong Hang Seng Up 0.4% on Property, Tech Sector Rallies
MT
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Longfor : Hong Kong shares end higher as investors look to more support

08/31/2021 | 05:09am EDT

* Hang Seng index ends up 1.33%

* China Enterprises index HSCE rises 2.09%

* HSI financial sector sub-index falls 0.6%

* Property sector down 0.4%

Aug 31 (Reuters) - Hong Kong shares rose on Tuesday as global investors looked to more policy support to overcome rising economic risks from surging COVID-19 cases globally. ** At the close of trade, the Hang Seng index was up 339.45 points, or 1.33%, at 25,878.99. The Hang Seng China Enterprises index rose 2.09% to 9,183.76. ** Data showed the Chinese economy came under increasing pressure in August as factory activity expanded at a slower pace, while the services sector slumped into contraction, raising the likelihood of more near-term policy support to boost growth. ** "It appears the strong post-pandemic recovery for China economy is over and the (People's Bank of China) has prepared to ease further to support growth. We look for another round of required reserves ratio (RRR) cut in the rest of this year, with bias towards sooner easing," said Ken Cheung, chief Asian FX strategist at Mizuho. ** The sub-index of the Hang Seng tracking energy shares rose 2.4%, while the IT sector rose 4.29%. The financial sector ended 0.6% lower and the property sector dipped 0.36%. ** Hong Kong-listed shares of Ping An Insurance Group Co of China Ltd fell 3.82% after Reuters reported that China's banking and insurance regulator was probing the company's property market investments following a big profit hit from a soured bet. ** The top gainer on the Hang Seng was Meituan, which gained 9.02%, while the biggest loser was Longfor Group Holdings Ltd, which fell 3.85%. ** China's main Shanghai Composite index closed up 0.45% at 3,543.94 points, while the blue-chip CSI300 index ended down 0.16%. ** Around the region, MSCI's Asia ex-Japan stock index was firmer by 1.33%, while Japan's Nikkei index closed up 1.08%. ** The yuan was quoted at 6.464 per U.S. dollar at 08:35 UTC, 0.05% firmer than the previous close of 6.4671. (Reporting by the Shanghai Newsroom; Editing by Shounak Dasgupta)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
LONGFOR GROUP HOLDINGS LIMITED -2.81% 38 End-of-day quote.-16.30%
MEITUAN -1.32% 283 End-of-day quote.-3.94%
All news about LONGFOR GROUP HOLDINGS LIMITED
10/26HSBC joins investors reckoning worst is over in China
RE
10/26China stocks inch higher on IT gains; Hong Kong slips
RE
10/22Hong Kong Hang Seng Up 0.4% on Property, Tech Sector Rallies
MT
10/21Hong Kong Hang Seng Off 0.45% Despite Property-Sector Rally
MT
10/19Hong Kong Hang Seng Up 1.5% on Tech Rally, Despite Slipping Property Issues
MT
10/13LONGFOR : Contracted Property Sales Exceed $31 Billion in January-September
MT
10/12Longfor Group Holdings Limited Reports Unaudited Sales Results for the Month and Year t..
CI
09/30Longfor Group Holdings Limited Announces Retirement of Wang Guangjian as Executive Dire..
CI
09/28Hong Kong Hang Seng Up 1.2% as Tech Gains, Property Issues Surge
MT
09/23Longfor Group Holdings Limited Declares Payment of an Interim Dividend for the Six Mont..
CI
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Analyst Recommendations on LONGFOR GROUP HOLDINGS LIMITED
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Financials
Sales 2021 222 B 34 793 M 34 793 M
Net income 2021 22 578 M 3 532 M 3 532 M
Net Debt 2021 95 548 M 14 945 M 14 945 M
P/E ratio 2021 8,52x
Yield 2021 5,25%
Capitalization 189 B 29 678 M 29 633 M
EV / Sales 2021 1,28x
EV / Sales 2022 1,08x
Nbr of Employees 42 570
Free-Float 26,9%
Chart LONGFOR GROUP HOLDINGS LIMITED
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Technical analysis trends LONGFOR GROUP HOLDINGS LIMITED
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Mean consensus BUY
Number of Analysts 25
Last Close Price 31,20 CNY
Average target price 42,93 CNY
Spread / Average Target 37,6%
EPS Revisions
Managers and Directors
Ming Xiao Shao Chief Executive Officer & Executive Director
Yi Zhao Chief Financial Officer & Executive Director
Ya Jun Wu Chairman
Shi Xuan Huang General Manager-Engineering Department
Frederick Peter Churchouse Independent Non-Executive Director