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    1918   KYG8569A1067

SUNAC CHINA HOLDINGS LIMITED

(1918)
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Delayed Hong Kong Stock Exchange  -  03/31 04:08:07 am EDT
4.580 HKD   -5.18%
05/16China developer Zhongliang seals bond repayment extension as Beijing struggles to contain risks
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05/15Sunac Pays Renminbi Bonds After Offshore Default
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05/15Chinese developers' debt woes worsen as sales, yuan weaken
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Hong Kong shares finish lower on tech slide; gambling stocks surge

01/17/2022 | 03:52am EDT

SHANGHAI, Jan 17 (Reuters) - Hong Kong shares ended lower on Monday as index heavyweight tech stocks fell, while casino operators soared after a government announcement eased concerns over the gambling industry.

** The Hang Seng index fell 0.7% to 24,218.03, while the China Enterprises Index lost 1.1% to 8,463.88 points.

** China's economy grew faster than expected in the final quarter of 2021 but the growth was still at its weakest pace in one-and-half years, prompting the central bank to unexpectedly cut loan rates.

** The Hang Seng Tech index fell 0.8%, with Tencent Holdings and Meituan down 1.7% and 1.8%, respectively.

** Sands China Ltd surged 14.6% to become the biggest percentage gainer on the Hang Seng Index, and a sub-index tracking gaming stocks listed in Hong Kong jumped the most since September 2021 to end up 8.6%.

** Macau's government announced that the number of new casino operators allowed to function in the world's largest gambling hub would be limited to six with an operating period of up to 10 years.

** Mainland developers listed in Hong Kong retreated 3.4%, while consumer staples lost 2.2%.

** Country Garden Holdings slumped 8.1%, while Logan Group and Sunac China Holdings finished down more than 5% each, as worries over developers' debt woes remained. (Reporting by the Shanghai Newsroom; Editing by Aditya Soni)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
COUNTRY GARDEN HOLDINGS CO. LTD. -1.63% 4.82 Delayed Quote.-29.19%
HANG SENG -1.75% 20112.1 Delayed Quote.-12.51%
MEITUAN INC. -4.83% 159.6 Delayed Quote.-25.60%
ON SEMICONDUCTOR CORPORATION -2.49% 54.5 Delayed Quote.-17.71%
SANDS CHINA LTD -7.53% 14 Delayed Quote.-16.63%
SUNAC CHINA HOLDINGS LIMITED -5.18% 4.58 Delayed Quote.-61.12%
TENCENT HOLDINGS LIMITED -2.54% 338 Delayed Quote.-24.08%
All news about SUNAC CHINA HOLDINGS LIMITED
05/16China developer Zhongliang seals bond repayment extension as Beijing struggles to conta..
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05/15Sunac Pays Renminbi Bonds After Offshore Default
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05/15Chinese developers' debt woes worsen as sales, yuan weaken
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05/13Revenue of 13 Major Chinese Builders Tank 52% in April Despite Easing of Property Curbs
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05/12Chinese developer Sunac misses bond repayment, expects to miss more
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05/12Shares tumble as stubborn U.S. inflation stokes worries on rates, economy
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05/12Shanghai stocks rise on lower COVID cases, vows to stabilise economy
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05/11Sunac China Says Has Failed to Meet Debt Obligations
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Financials
Sales 2021 266 B 41 999 M 41 999 M
Net income 2021 23 800 M 3 754 M 3 754 M
Net Debt 2021 174 B 27 490 M 27 490 M
P/E ratio 2021 0,83x
Yield 2021 26,1%
Capitalization 20 202 M 3 179 M 3 186 M
EV / Sales 2021 0,73x
EV / Sales 2022 0,70x
Nbr of Employees 68 663
Free-Float 60,3%
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 3,71 CNY
Average target price 12,43 CNY
Spread / Average Target 235%
EPS Revisions
Managers and Directors
Meng De Wang Chief Executive Officer & Executive Director
Shu Ping Huang Executive President & Executive Director
Xi Gao Chief Financial Officer, Secretary & VP
Hong Bin Sun Chairman
Zhi Xia Ma Executive President & Chief Operating Officer