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    1918   KYG8569A1067


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
05/15Sunac Pays Renminbi Bonds After Offshore Default
05/15Chinese developers' debt woes worsen as sales, yuan weaken
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Hong Kong shares inch higher as financials gain; developers slump

01/13/2022 | 03:59am EDT

Jan 13 (Reuters) - Hong Kong shares edged higher on Thursday as gains in financials offset losses in tech giants, while mainland property developers tumbled as more of them scrambled to extend debt maturities or sought to raise money.

The Hang Seng index rose 0.1% to 24,429.77, while the China Enterprises Index lost 0.1% to 8,602.38.

** The Hang Seng Tech index declined 1.8%, with Tencent Holdings down 1.2%.

** HSBC Holdings and insurer AIA Group rose 1.7% and 1.6%, respectively. The two index heavyweights were the two biggest point contributors, lifting the Hang Seng Index.

** The Hang Seng Finance Index added 1.2%.

** The Hang Seng Composite Index-Energy gained 1.8%, with PetroChina Co Ltd up 1.8% after it forecast strong 2021 profit on higher crude prices.

** Mainland developers listed in Hong Kong tumbled 5.4%, as sentiment soured with more developers scrambling to negotiate new terms with their bondholders to avoid defaults.

** The decline was led by a 22.6% drop in Sunac China Holdings Ltd after it planned sale of 452 million new shares for repayment of loans and general corporate purposes.

** Shimao Group Holdings plunged 9.4% after it said it would hold meetings with investors in two asset-backed securities (ABS) on Jan. 17, to vote on payment extension proposals.

** Country Garden Holdings slumped 7.8% on a report it failed to find appetite for a potential $300 million convertible bond on Wednesday. (Reporting by the Shanghai Newsroom; Editing by Subhranshu Sahu)

© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AIA GROUP LIMITED 4.52% 77.4 Delayed Quote.-5.79%
COUNTRY GARDEN HOLDINGS CO. LTD. -1.02% 4.82 Delayed Quote.-29.48%
HANG SENG 3.10% 20550.63 Delayed Quote.-14.95%
HSBC HOLDINGS PLC -0.03% 498.15 Delayed Quote.11.12%
ON SEMICONDUCTOR CORPORATION -1.83% 55.15 Delayed Quote.-18.80%
PETROCHINA COMPANY LIMITED 2.70% 3.82 Delayed Quote.6.92%
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 4.74% 366.4 Delayed Quote.-23.38%
05/16China developer Zhongliang seals bond repayment extension as Beijing struggles to conta..
05/15Sunac Pays Renminbi Bonds After Offshore Default
05/15Chinese developers' debt woes worsen as sales, yuan weaken
05/13Sunac China Prepares Funds to Pay 10% of $588 Million Onshore Bond
05/13Revenue of 13 Major Chinese Builders Tank 52% in April Despite Easing of Property Curbs
05/12Chinese developer Sunac misses bond repayment, expects to miss more
05/12Shares tumble as stubborn U.S. inflation stokes worries on rates, economy
05/12Shanghai stocks rise on lower COVID cases, vows to stabilise economy
05/12Sunac Misses Interest Payments on Four Series of Bonds; Hires Advisers to Ease Liquidit..
05/11Sunac China Says Has Failed to Meet Debt Obligations
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Analyst Recommendations on SUNAC CHINA HOLDINGS LIMITED
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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%
Duration : Period :
Sunac China Holdings Limited Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 3,71 CNY
Average target price 12,08 CNY
Spread / Average Target 226%
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