Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Shimao Property Holdings Limited    813   KYG810431042

SHIMAO PROPERTY HOLDINGS LIMITED

(813)
  Report
End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 12/02
27.65 HKD   -1.60%
11/23Hong Kong stocks end higher, Sino-U.S. tensions cap gains
RE
11/13Top emerging-market companies' dollar debt maturities in coming year
RE
11/09Hong Kong stocks end at four-month high after Biden win
RE
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Shimao Services Seeks to Raise Up to HK$10.12 Billion in Hong Kong IPO

10/19/2020 | 09:25pm EST

Shimao Services Holdings Ltd. is seeking to raise up to 10.12 billion Hong Kong dollars (US$1.31 billion) in a spinoff and initial public offering in Hong Kong.

The Shanghai-based property management services company, a unit of property developer Shimao Group Holdings Ltd., plans to sell 588.2 million shares at HK$14.80-HK$17.20 each, it said in a prospectus filed Tuesday.

Shimao Group will indirectly control about 66.5% of the total issued share capital of Shimao Services, according to the prospectus. At the higher end of the offer range, Shimao Services said it would have a market capitalization of about HK$40.47 billion.

Morgan Stanley and CICC International are joint sponsors for the initial public offering, with Goldman Sachs and HSBC also acting as advisers. Shares are expected to begin trading Oct. 30.

In the six months ended June, Shimao Services's total revenue rose 85% from a year earlier to 1.56 billion yuan ($233.5 million).

The company is tapping the Hong Kong market amid heightened activity in the financial hub in recent months, with the city attracting Chinese companies involved in businesses ranging from pharmaceuticals to property to tobacco.

Write to Singapore editors at singaporeeditors@dowjones.com

(END) Dow Jones Newswires

10-19-20 2125ET

Stocks mentioned in the article
ChangeLast1st jan.
HSBC HOLDINGS PLC 3.02% 418.35 Delayed Quote.-31.39%
MORGAN STANLEY 1.03% 63.91 Delayed Quote.23.79%
SHIMAO PROPERTY HOLDINGS LIMITED -1.60% 27.65 End-of-day quote.-8.44%
THE GOLDMAN SACHS GROUP, INC. 2.00% 236.6525 Delayed Quote.0.28%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.01% 6.5489 Delayed Quote.-5.47%
All news about SHIMAO PROPERTY HOLDINGS LIMITED
11/23Hong Kong stocks end higher, Sino-U.S. tensions cap gains
RE
11/13Top emerging-market companies' dollar debt maturities in coming year
RE
11/09Hong Kong stocks end at four-month high after Biden win
RE
10/29SHIMAO PROPERTY : Proposed Spin-Off and Separate Listing of Shimao Services Hold..
PU
10/19Shimao Services Seeks to Raise Up to HK$10.12 Billion in Hong Kong IPO
DJ
10/19SHIMAO PROPERTY : Proposed Spin-Off and Separate Listing of Shimao Services Hold..
PU
10/11Shimao Services Files Draft Prospectus for Hong Kong IPO
DJ
10/09SHIMAO PROPERTY : Proposed Spin-Off and Separate Listing of Shimao Services Hold..
PU
09/30China shares rise on upbeat factory surveys, consumer stocks boost
RE
09/25Hong Kong stocks post biggest weekly drop in 6 months on renewed virus woes
RE
More news
Financials
Sales 2020 142 B 21 643 M 21 643 M
Net income 2020 13 010 M 1 983 M 1 983 M
Net Debt 2020 76 485 M 11 655 M 11 655 M
P/E ratio 2020 7,44x
Yield 2020 5,43%
Capitalization 97 719 M 12 606 M 14 891 M
EV / Sales 2020 1,23x
EV / Sales 2021 0,90x
Nbr of Employees 26 136
Free-Float 34,9%
Chart SHIMAO PROPERTY HOLDINGS LIMITED
Duration : Period :
Shimao Property Holdings Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SHIMAO PROPERTY HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 27
Average target price 36,30 CNY
Last Close Price 27,65 CNY
Spread / Highest target 48,0%
Spread / Average Target 31,3%
Spread / Lowest Target 15,2%
EPS Revisions
Managers
NameTitle
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