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OFFON

CHINA EVERGRANDE NEW ENERGY VEHICLE GROUP LIMITED

(708)
  Report
End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 12/08
3.08 HKD   -5.81%
12/08Evergrande’s Electric Vehicles Not on Beijing’s Approval List
MT
12/07China Evergrande's snowballing debt crisis
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12/07Analysis-China Evergrande teeters again, but investors less fearful
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Marketmind: Who's rocking the boat now?

08/31/2021 | 03:11am EST
German share price index DAX graph is pictured at the stock exchange in Frankfurt

A look at the day ahead from Sujata Rao.

From Fed boss Jerome Powell on Friday to the Cleveland Fed's Loretta Mester on Monday, the doves have been out in force, sending the dollar to two-week lows, Treasury yields below 1.3% and putting the S&P 500 on track for its longest monthly winning streak since 2018.

But China is rocking the boat.

Its non-manufacturing PMI fell to a contractionary 47.5 in August (53.3 in July) and the composite PMI recorded its first sub-50 reading since February 2020.

The impact of new rules restricting under-18s from playing video games for more than three hours a week is also weighing -- Shenzen-listed tech shares are down more than 2%.

And a Reuters report of a regulatory probe into the property investments of Ping An Insurance sent its shares 7% lower at one point.

Still, world shares scaled new record highs, while Wall Street futures are almost half a percent higher. The main focus in Europe is the euro zone "flash" inflation data following Germany's 3.4% reading on Monday. Economists polled by Reuters predict 2.7% -- that would be the highest reading since 2012.

Bond markets however, shrugged off Germany's outsized reading and are likely to keep their eyes firmly trained on the Fed and Friday's August U.S. jobs data.

On the corporate front, dealmaking never really took a break over the summer but expect the pace to pick up in coming weeks.

Today's big news is the $4.7 billion purchase by tech investor Prosus of Indian payments platform BillDesk. And the familiar laments about supply chain disruptions continue - business supplies distributor Bunzl is the latest.

Finally, watch travel stocks after EU removed the United States and five other countries from its safe travel list. The United States, on its part, has issued a "do not travel" advisory for several European nations.

Developments that should provide more direction to markets on Tuesday:

- Japan's industrial output shrank in July.

- Germany's centre-left SPD cement hold on first place ahead of Sept 26 elections.

- Zoom Q2 revenues rose 54% to $1.02 billion, beating forecasts of $991 million; BlackRock AUM at record $9.49 trillion in Q2 vs $7.32 trillion a year earlier

- Chinese Evergrande New Energy Vehicle shares down after big H1 loss.

-Chile central bank meeting

-Chicago PMI due out

Graphic: Global markets in 2021:

(Reporting by Sujata Rao; editing by Dhara Ranasinghe)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BUNZL PLC -0.20% 2954 Delayed Quote.20.92%
CHINA EVERGRANDE NEW ENERGY VEHICLE GROUP LIMITED -5.81% 3.08 End-of-day quote.-89.80%
HUGO BOSS AG -1.72% 52.48 Delayed Quote.92.30%
MERCK KGAA 0.09% 221.2 Delayed Quote.57.61%
PROSIEBENSAT.1 MEDIA SE -1.16% 13.635 Delayed Quote.-0.87%
TESCO PLC -0.60% 282.85 Delayed Quote.22.19%
VONOVIA SE -0.75% 50.24 Delayed Quote.-10.25%
All news about CHINA EVERGRANDE NEW ENERGY VEHICLE GROUP LIMITED
12/08Evergrande’s Electric Vehicles Not on Beijing’s Approval List
MT
12/07China Evergrande's snowballing debt crisis
RE
12/07Analysis-China Evergrande teeters again, but investors less fearful
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12/07China Evergrande teeters again, but investors less fearful
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12/06China frees up $188 billion for banks in second reserve ratio cut this year
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12/06Debt-Plagued Evergrande Seeks Government Help as Restructuring Looms
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12/05China says market views of monetary policy moves too 'simplistic'
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12/05China Evergrande shares hit 11-year low after firm says no guarantee it can meet repaym..
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11/29MarketScreener's World Press Review - November 29, 2021
11/28Evergrande shares fall after chairman cuts stake; Fantasia suspends trading
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Analyst Recommendations on CHINA EVERGRANDE NEW ENERGY VEHICLE GROUP LIMITED
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Financials
Sales 2020 15 487 M 2 441 M 2 441 M
Net income 2020 -7 394 M -1 165 M -1 165 M
Net Debt 2020 62 534 M 9 856 M 9 856 M
P/E ratio 2020 -35,5x
Yield 2020 -
Capitalization 27 175 M 4 284 M 4 283 M
EV / Sales 2019 20,0x
EV / Sales 2020 18,5x
Nbr of Employees 14 493
Free-Float 35,6%
Chart CHINA EVERGRANDE NEW ENERGY VEHICLE GROUP LIMITED
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China Evergrande New Energy Vehicle Group Limited Technical Analysis Chart | 708 | HK0000264595 | MarketScreener
Technical analysis trends CHINA EVERGRANDE NEW ENERGY VEHICLE GROUP LIMITED
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Income Statement Evolution
Managers and Directors
Da Rong Pan Chief Financial Officer
Shawn Siu Chairman
Shing Yim Chau Independent Non-Executive Director
Jian Wen Guo Independent Non-Executive Director
Wu Xie Independent Non-Executive Director