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SHIMAO GROUP HOLDINGS LIMITED

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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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Tech-focussed STAR market lifts China shares; Hong Kong gains

01/09/2022 | 11:58pm EDT

SHANGHAI, Jan 10 (Reuters) - China shares rose on Monday, led by Shanghai's tech focussed STAR Market amid reform expectations, while Hong Kong shares gained on sustained rebound in technology shares.

** China's bluechip CSI300 index rose 0.4% to 4,839.22 at the end of the morning session, while the Shanghai Composite Index gained 0.3% to 3,588.40.

** In Hong Kong, the Hang Seng index added 0.8%, while the Hong Kong China Enterprises Index gained 1.2%.

** Shanghai's STAR rose 1.3% from near eight-month lows, after China's securities regulator said it would pilot market-making on the Nasdaq-style market, in a bid to deepen reforms and improve liquidity.

** In Hong Kong, the Hang Seng Tech Index is set to rise for the third consecutive session, up nearly 2% by the lunch break.

** The index has gained more than 7% from record lows hit last Thursday, as some investors think the sell-off in Chinese tech shares - fuelled by concerns of Beijing's crackdown - is overdone.

** Shares in China Life Insurance Co fell nearly 2% in both China and Hong Kong, after Chinese Central Commission for Discipline Inspection (CCDI) said on Saturday that it had placed China Life's Chairman Wang Bin under investigation.

** Citi analysts said the news could "cast a shadow" over China Life's share price, as "investors may have concerns over the insurer's corporate governance as well as potential business disruptions brought by the Chairman change".

** Shares of Chinese property developer Shimao Group Holdings jumped.

** Shimao Group has put on sale all of its real estate projects, including both residential and commercial properties, as the cash-strapped Chinese property developer accelerates asset disposals, Caixin reported.

** Shares of rival Longfor Group Holdings also rose sharply, after the developer proposed to spin off and separately list its unit Longfor Intelligent Living Ltd. (Reporting by Shanghai Newsroom; Editing by Rashmi Aich)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
CHINA LIFE INSURANCE COMPANY LIMITED 2.12% 11.56 Delayed Quote.-12.38%
HANG SENG 2.96% 20717.24 Delayed Quote.-11.77%
LONGFOR GROUP HOLDINGS LIMITED 1.01% 39.85 Delayed Quote.7.49%
NASDAQ COMP. -0.26% 11388.5 Real-time Quote.-27.02%
SHIMAO GROUP HOLDINGS LIMITED -2.21% 4.42 Delayed Quote.-13.33%
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..
CI
05/10Shanghai Shimao’s January-April Sales Plunge 63%
MT
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 26,7%
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 8,45 CNY
Spread / Average Target 136%
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