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    1238   KYG720051047

POWERLONG REAL ESTATE HOLDINGS LIMITED

(1238)
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Powerlong Real Estate Holdings Limited commences an Equity Buyback Plan for 414,240,300 shares, representing 10% of its issued share capital, under the authorization approved on June 11, 2021.

08/19/2021 | 09:52am EDT

Powerlong Real Estate Holdings Limited (SEHK:1238) commences share repurchases on August 19, 2021, under the program mandated by the shareholders in the Annual General Meeting held on June 11, 2021. As per the mandate, the company is authorized to repurchase up to 414,240,300 shares, representing 10% of its issued share capital. The purpose of this repurchase program is to enhance the earnings per share of the company. The repurchases will be funded entirely from the company’s available cash flow or working capital facilities which will be funds legally available for the purpose in accordance with the bye-laws and the laws of the jurisdiction in which the company is incorporated. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual General Meeting is required to be held or the date on which the authority is varied or revoked in a General Meeting. As of June 11, 2021, the company had 4,142,403,000 shares issued and outstanding.


© S&P Capital IQ 2021
All news about POWERLONG REAL ESTATE HOLDINGS LIMITED
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08/30POWERLONG REAL ESTATE : Seeks Clearance from Hong Kong Regulator for REIT Spinoff; Shares ..
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08/27Powerlong Real Estate Proposes Spin-Off and Separate Listing Of Powerlong REIT
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08/19Powerlong Real Estate Holdings Limited commences an Equity Buyback Plan for 414,240,300..
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08/18Powerlong Real Estate Holdings Limited Announces Semi Annual Dividend for the Period En..
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08/18Powerlong Real Estate Holdings Limited Reports Earnings Results for the Half Year Ended..
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08/10POWERLONG REAL ESTATE : Books Property Sales Worth $1.5 Billion in July
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Analyst Recommendations on POWERLONG REAL ESTATE HOLDINGS LIMITED
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Financials
Sales 2021 45 591 M 7 091 M 7 091 M
Net income 2021 5 050 M 785 M 785 M
Net Debt 2021 42 358 M 6 589 M 6 589 M
P/E ratio 2021 4,69x
Yield 2021 8,48%
Capitalization 22 441 M 2 885 M 3 491 M
EV / Sales 2021 1,42x
EV / Sales 2022 1,11x
Nbr of Employees 12 340
Free-Float 34,5%
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Technical analysis trends POWERLONG REAL ESTATE HOLDINGS LIMITED
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 12
Last Close Price 5,42 CNY
Average target price 6,89 CNY
Spread / Average Target 27,2%
EPS Revisions
Managers and Directors
Wa Fong Hoi Chief Executive Officer & Executive Director
De Li Chen Associate President
Min Shun Liao Chief Financial Officer & Vice President
Kin Hong Hoi Chairman
Yao Ming Huang VP & General Manager-Investment Development Centre