1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. Sunac China Holdings Limited
  6. News
  7. Summary
    1918   KYG8569A1067

SUNAC CHINA HOLDINGS LIMITED

(1918)
  Report
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
RE
05/15Sunac Pays Renminbi Bonds After Offshore Default
MT
05/15Chinese developers' debt woes worsen as sales, yuan weaken
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

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%
All news about SUNAC CHINA HOLDINGS LIMITED
05/16China developer Zhongliang seals bond repayment extension as Beijing struggles to conta..
RE
05/15Sunac Pays Renminbi Bonds After Offshore Default
MT
05/15Chinese developers' debt woes worsen as sales, yuan weaken
RE
05/13Sunac China Prepares Funds to Pay 10% of $588 Million Onshore Bond
MT
05/13Revenue of 13 Major Chinese Builders Tank 52% in April Despite Easing of Property Curbs
MT
05/12Chinese developer Sunac misses bond repayment, expects to miss more
RE
05/12Shares tumble as stubborn U.S. inflation stokes worries on rates, economy
RE
05/12Shanghai stocks rise on lower COVID cases, vows to stabilise economy
RE
05/12Sunac Misses Interest Payments on Four Series of Bonds; Hires Advisers to Ease Liquidit..
MT
05/11Sunac China Says Has Failed to Meet Debt Obligations
DJ
More news
Analyst Recommendations on SUNAC CHINA HOLDINGS LIMITED
More recommendations
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%
Chart SUNAC CHINA HOLDINGS LIMITED
Duration : Period :
Sunac China Holdings Limited Technical Analysis Chart | MarketScreener
Full-screen chart
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