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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 jump most in 6 months after China cuts policy rates

01/20/2022 | 03:45am EDT

Jan 20 (Reuters) - Hong Kong shares jumped the most in more than six months to finish up on Thursday, after China cut a set of key policy rates and lending benchmarks to prop up a slowing economy, with investors pinning hopes on further easing in policies by Beijing.

The Hang Seng index rose 3.4%, to 24,952.35, while the China Enterprises Index gained 3.8%, to 8,761.56 points.

** The one-year loan prime rate (LPR) was lowered by 10 basis points, and the five-year LPR was reduced by 5 basis points — the first reduction since April 2020.

** The Hang Sang Tech Index surged 4.5% after China's cyberspace regulator denied issuing a document with new guidelines for the nation's leading internet companies that would require them to seek approval for new investments and fundraising.

** Shares of Chinese leading tech giants, also index heavyweights, such as Tencent Holdings, Alibaba Group and Meituan ended up 6.6%, 5.9% and 11%, respectively.

** Mainland developers listed in Hong Kong soared 4.6%, with Shimao Group and Sunac China Holdings up 12.1% and 15.2%, respectively.

** Reuters reported that China is drafting nationwide rules to make it easier for developers to access funds from sales still held in escrow accounts, in its latest move to ease a severe cash crunch in the sector.

** The Hang Seng Finance Index rose 2.5%, with insurer AIA Group gaining 5.8%. Consumer staples added 2.6%.

(Reporting by the Shanghai Newsroom Editing by Raissa Kasolowsky)

© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AIA GROUP LIMITED -2.54% 78.8 Delayed Quote.2.86%
ALIBABA GROUP HOLDING LIMITED -0.34% 86.55 Delayed Quote.-26.94%
HANG SENG -1.19% 20470.06 Delayed Quote.-11.46%
MEITUAN INC. -3.06% 167.7 Delayed Quote.-23.25%
ON SEMICONDUCTOR CORPORATION -1.35% 55.79 Delayed Quote.-16.87%
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 -1.53% 346.8 Delayed Quote.-22.90%
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 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