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    3333   KYG2119W1069

CHINA EVERGRANDE GROUP

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S.Korean stocks post weekly decline as Evergrande debt woes continue

09/23/2021 | 01:00am EDT

* KOSPI falls, foreigners net buyers

* Korean won weakens against U.S. dollar

* South Korea benchmark bond yield rises

* For the midday report, please click

SEOUL, Sept 24 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares fell on Friday as fears lingered over property developer China Evergrande's debt burden after some offshore bondholders of the firm were reportedly not paid interest payments. The Korean won weakened, while the benchmark bond yield rose.

** The benchmark KOSPI was down 2.34 points, or 0.07%, at 3,125.24 as of 0630 GMT. For the week, the index declined 0.49%.

** Among the heavyweights, technology giant Samsung Electronics fell 0.13% and peer SK Hynix slipped 1.42%, while LG Chem rose 0.13% and Naver climbed 1.38%.

** Some of China Evergrande Group's offshore bondholders had not received interest payment by a Thursday deadline U.S. time, two people familiar with the matter said, as worries about the fate of the property developer mount.

** The market is still full of uncertainties and many remain in a wait-and-see mode, said Lee Kyoung-min, an analyst at Daishin Securities.

** Foreigners were net buyers of 77.3 billion won worth of shares on the main board.

** The won was quoted at 1,176.5 per dollar on the onshore settlement platform, 0.08% lower than its previous close at 1,175.5.

** In offshore trading, the won was quoted at 1,177.2 per dollar, down 0.2% from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,177.7.

** The KOSPI has risen 8.76% so far this year, but lost 4.4% in the previous 30 trading sessions.

** The trading volume during the session in the KOSPI index was 737.66 million shares. Of the total traded issues of 926, the number of advancing shares was 370.

** The won has lost 7.7% against the dollar so far this year.

** The most liquid 3-year Korean treasury bond yield rose by 1.8 basis points to 1.574%, while the benchmark 10-year yield rose by 5.2 basis points to 2.151%. (Reporting by Cynthia Kim; Additional reporting by Jihoon Lee; Editing by Jan Harvey)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CHINA EVERGRANDE GROUP -3.91% 2.95 End-of-day quote.-80.20%
LG CHEM, LTD. -1.42% 836000 End-of-day quote.1.46%
NAVER CORPORATION -0.38% 393500 End-of-day quote.34.53%
SAMSUNG ELECTRONICS CO., LTD. 1.01% 70100 End-of-day quote.-13.46%
SK HYNIX INC. 4.90% 98400 End-of-day quote.-16.96%
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Analyst Recommendations on CHINA EVERGRANDE GROUP
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Financials
Sales 2021 547 B 70 360 M 70 360 M
Net income 2021 2 419 M 311 M 311 M
Net Debt 2021 354 B 45 453 M 45 453 M
P/E ratio 2021 16,1x
Yield 2021 1,29%
Capitalization 38 943 M 5 007 M 5 006 M
EV / Sales 2021 0,72x
EV / Sales 2022 0,47x
Nbr of Employees 163 119
Free-Float 18,6%
Chart CHINA EVERGRANDE GROUP
Duration : Period :
China Evergrande Group Technical Analysis Chart | 3333 | KYG2119W1069 | MarketScreener
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Last Close Price 2,95 HKD
Average target price 11,13 HKD
Spread / Average Target 277%
EPS Revisions
Managers and Directors
Hai Jun Xia Vice Chairman & Chief Executive Officer
Shou Ming Shi President
Da Rong Pan Chief Financial Officer & Executive Director
Ka Yan Hui Chairman
Dong Feng Chen Head-Information
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