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SHIMAO GROUP HOLDINGS LIMITED

(813)
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Delayed Hong Kong Stock Exchange  -  03/31 04:08:07 am EDT
4.420 HKD   -2.21%
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China stocks rise as policy rate cuts lift sentiment

01/19/2022 | 11:38pm EDT

SHANGHAI, Jan 20 (Reuters) - China stocks rose on Thursday after a set of key policy rates and lending benchmarks were cut to prop up a slowing economy, with investors pinning hopes on further easing in policies by Beijing.

The CSI300 index rose 1.1% to 4,833.21 at the end of the morning session, while the Shanghai Composite Index gained 0.3% to 3,568.35.

The Hang Seng index added 2.3% to 24,689.32. The Hong Kong China Enterprises Index gained 2.9% to 8,682.55.

** The one-year loan prime rate (LPR) was lowered by 10 basis points, and the five-year LPR was reduced by 5 basis points — the first reduction since April 2020.

** The CSI300 banks index rose 2.4%, while consumer staples added 1.9%.

** Real estate developers gained 1% after Reuters reported China is drafting nationwide rules to make it easier for developers to access funds from sales still held in escrow accounts, in its latest move to ease a severe cash crunch in the sector.

** Chipmakers eased 0.3%, as China's industry ministry projected tight supplies of semiconductors to continue over a relatively long period of time.

** The Shanghai Stock Exchange (SSE) said it has asked companies listed on the Nasdaq-style STAR Market to disclose environmental, social and governance (ESG)-related information in their annual reports.

** In Hong Kong, the Hang Seng Tech index rose 3.3%, with Tencent Holdings, Alibaba Group and Meituan gaining between 4.4% and 6.9%.

** China's cyberspace regulator denied on Wednesday issuing a document with new guidelines for the nation's big internet companies that would require them to seek approval for new investments and fundraising.

** Mainland developers listed in Hong Kong jumped nearly 5%, with Shimao Group, Country Garden Holdings , Sunac China Holdings up between 6% and 12%.

** The Hang Seng Finance Index rose 1.6%, with insurer AIA Group up 4.8%. Consumer staples added 2.8%. (Reporting by Shanghai Newsroom; editing by Uttaresh.V)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AIA GROUP LIMITED -2.54% 78.8 Delayed Quote.2.86%
ALIBABA GROUP HOLDING LIMITED -0.07% 86.725 Delayed Quote.-26.94%
COUNTRY GARDEN HOLDINGS CO. LTD. -2.00% 4.9 Delayed Quote.-27.75%
HANG SENG -1.19% 20470.06 Delayed Quote.-11.46%
MEITUAN INC. -3.06% 167.7 Delayed Quote.-23.25%
NASDAQ COMP. 1.47% 11521.45 Real-time Quote.-27.42%
ON SEMICONDUCTOR CORPORATION -1.11% 55.85 Delayed Quote.-16.87%
S&P/CITIC 300 INDEX -0.53% 3700.98 Real-time Quote.-17.14%
S&P/CITIC 50 INDEX -1.16% 3525.17 Real-time Quote.-15.00%
SHANGHAI A INDEX 0.01% 3297.7 Real-time Quote.-13.55%
SHANGHAI STOCK EXCHANGE B SHARES INDEX -0.18% 301.5691 Real-time Quote.5.69%
SHIMAO GROUP HOLDINGS LIMITED -2.21% 4.42 Delayed Quote.-13.33%
SUNAC CHINA HOLDINGS LIMITED -5.18% 4.58 Delayed Quote.-61.12%
TENCENT HOLDINGS LIMITED -1.53% 346.8 Delayed Quote.-22.90%
All news about SHIMAO GROUP HOLDINGS LIMITED
05/16Shimao Logs $888 Million Contracted Property Sales in April
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05/10Shanghai Shimao’s January-April Sales Plunge 63%
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04/29SHIMAO : Announcement of unaudited financial results of Shanghai Shimao Co., Ltd. for the ..
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04/21Fitch Withdraws Chinese Property Developer Shimao, Logan's Ratings
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04/14Shimao Books over $1 Billion Contracted Property Sales in March
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04/13SHIMAO : 2022 March Investor's Newsletter
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Financials
Sales 2021 148 B 23 407 M 23 407 M
Net income 2021 11 084 M 1 748 M 1 748 M
Net Debt 2021 90 047 M 14 203 M 14 203 M
P/E ratio 2021 1,16x
Yield 2021 27,4%
Capitalization 13 576 M 2 136 M 2 141 M
EV / Sales 2021 0,70x
EV / Sales 2022 0,71x
Nbr of Employees 30 418
Free-Float 36,1%
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Mean consensus HOLD
Number of Analysts 21
Last Close Price 3,58 CNY
Average target price 8,45 CNY
Spread / Average Target 136%
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Managers and Directors
Sai Tan Hui Vice Chairman & President
Wing Mau Hui Chairman
Lai Kuen Kan Independent Non-Executive Director
Hong Bing Lü Independent Non-Executive Director
Ching Kam Lam Independent Non-Executive Director