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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%
05/16Shimao Logs $888 Million Contracted Property Sales in April
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05/13Shimao Group Holdings Limited Announces Unaudited Group Sales Results for the Month and Four Months Ended April 30, 2022
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05/10Shanghai Shimao’s January-April Sales Plunge 63%
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China stocks rise as property, infrastructure firms gain; Hang Seng down

01/17/2022 | 11:52pm EDT

* SSEC up 0.9%, CSI300 1.1%

* HK->Shanghai Connect daily quota used 7.5%

* Shanghai->HK daily quota used 2.4%

* FTSE China A50 +1.2%

BEIJING, Jan 18 (Reuters) - China stocks rose on Tuesday, with property and infrastructure firms leading gains as the country's central bank unexpectedly cut the borrowing costs of its medium-term loans.

** The CSI300 index rose 1.1%, to 4,818.35 points at the end of the morning session, while the Shanghai Composite index gained 0.9% to 3,574.89 points.

** China's central bank on Monday cut the borrowing costs of its medium-term loans for the first time since April 2020. Analysts believe the rate cuts could lead to strong infrastructure spending, credit growth and support for the real estate sector in 2022.

** Real estate developers jumped 4.8% on Tuesday, following news on Shanghai Pudong Development Bank Co's bond issuance to fund real estate acquisitions.

** Beijing has been encouraging large developers and banks to acquire quality assets from cash-strapped real estate firms to ease the liquidity pressure on the sector.

** The infrastructure sub-index jumped 4% in the morning session, while the construction and engineering sub-index surged 5.1%.

** The Hang Seng index dropped 0.1% to 24,183.54 points, while the Hong Kong China Enterprises index gained 0.2% to 8,481.01.

** The Hang Seng Tech index gained 0.4%, with Tencent Holdings, the index heavyweight, down 1.2%; Meituan was up 0.8% by the morning session, following news of a delivery service tie-up with Starbucks.

** Hang Seng Mainland Properties index added 2.5%, with Shimao Group up as much as 5.6% after it won approval from creditors to extend the payment deadline of a 450 mln yuan ($70.9 mln) asset-backed security. (Reporting by Cheng Leng in Beijing, Jason Xue and Andrew Galbraith in Shanghai; Editing by Shounak Dasgupta)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BELIEVE -0.81% 9.17 Real-time Quote.-44.99%
HANG SENG 0.29% 20171.27 Delayed Quote.-14.04%
MEITUAN INC. 0.06% 159.7 Delayed Quote.-29.19%
ON SEMICONDUCTOR CORPORATION 1.47% 55.37 Delayed Quote.-19.76%
SHANGHAI PUDONG DEVELOPMENT BANK CO., LTD. -0.88% 7.88 End-of-day quote.-7.62%
SHIMAO GROUP HOLDINGS LIMITED -2.21% 4.42 Delayed Quote.-13.33%
STARBUCKS CORPORATION 0.36% 73.07 Delayed Quote.-37.83%
TENCENT HOLDINGS LIMITED -1.18% 334 Delayed Quote.-26.01%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.66% 6.70089 Delayed Quote.4.79%
All news about SHIMAO GROUP HOLDINGS LIMITED
05/16Shimao Logs $888 Million Contracted Property Sales in April
MT
05/13Shimao Group Holdings Limited Announces Unaudited Group Sales Results for the Month and..
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05/10Shanghai Shimao’s January-April Sales Plunge 63%
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05/10Shimao Unit Proposes Delaying Principal Payment on $74 Million Renminbi Bonds
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04/29SHIMAO : Announcement of unaudited financial results of Shanghai Shimao Co., Ltd. for the ..
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04/24OCBC Sues Shimao Over Unpaid Loan
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04/22SHIMAO : Announcement of audited financial results of Shanghai Shimao Co., Ltd. for the ye..
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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 2 137 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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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Last Close Price 3,58 CNY
Average target price 7,03 CNY
Spread / Average Target 96,4%
EPS Revisions
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