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    1238   KYG720051047

POWERLONG REAL ESTATE HOLDINGS LIMITED

(1238)
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Powerlong Real Estate : VOLUNTARY ANNOUNCEMENT INCLUSION IN MSCI CHINA INDEX

05/13/2021 | 03:18am EDT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

POWERLONG REAL ESTATE HOLDINGS LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1238)

VOLUNTARY ANNOUNCEMENT

INCLUSION IN MSCI CHINA INDEX

This announcement is made by Powerlong Real Estate Holdings Limited (the "Company") on a voluntary basis.

The board of directors of the Company (the "Board") is pleased to announce that the Company will be included as a constituent for the MSCI China Index with effect as of market close on 27 May 2021.

The Board believes that the Company's inclusion into the MSCI China Index represents capital market's recognition of the Company's performance and value, which is expected to enhance the Company's reputation and increase the trading liquidity of the Company, resulting in realization of the value of investment in the Company.

By Order of the Board

Powerlong Real Estate Holdings Limited

Hoi Kin Hong

Chairman

Hong Kong, 12 May 2021

As at the date of this announcement, the executive directors of the Company are Mr. Hoi Kin Hong, Mr. Hoi Wa Fong, Mr. Xiao Qing Ping, Ms. Shih Sze Ni Cecilia and Mr. Zhang Hong Feng; the non-executive director of the Company is Ms. Hoi Wa Fan; and the independent non-executive directors of the Company are Dr. Ngai Wai Fung, Dr. Mei Jian Ping and Dr. Ding Zu Yu.

Disclaimer

Powerlong Real Estate Holdings Ltd. published this content on 12 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 May 2021 07:17:03 UTC.


© Publicnow 2021
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Financials
Sales 2021 46 191 M 7 149 M 7 149 M
Net income 2021 5 266 M 815 M 815 M
Net Debt 2021 44 097 M 6 825 M 6 825 M
P/E ratio 2021 3,57x
Yield 2021 10,1%
Capitalization 18 860 M 2 920 M 2 919 M
EV / Sales 2021 1,36x
EV / Sales 2022 1,04x
Nbr of Employees 11 517
Free-Float 34,5%
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Technical analysis trends POWERLONG REAL ESTATE HOLDINGS LIMITED
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 13
Last Close Price 4,55 CNY
Average target price 7,48 CNY
Spread / Average Target 64,3%
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