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    3883   KYG2119Z1090

CHINA AOYUAN GROUP LIMITED

(3883)
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Chinese Property Stocks Rally as Beijing Signals Support for Sector

12/07/2021 | 01:16am EST

By Yongchang Chin

Shares of Chinese developers are broadly higher in Hong Kong on Beijing's plans to stimulate China's slowing economy, a move that could add liquidity to the country's debt-laden property sector.

Sunac China Holdings Ltd. is leading gains, rising 14% in early afternoon trade, followed by China Aoyuan Group Ltd. with a gain of 12%.

Guangzhou R&F Properties Co., Seazen Group Ltd., Agile Group Holdings Ltd., Kaisa Group Holdings Ltd. rose 6.9%, 6.7%, 5.3% and 3.3%, respectively. The Hang Seng Mainland Properties Index is up 3.1%, trimming 2021 losses to 24%.

The gains Tuesday come after China's central bank on Monday said it would reduce its reserve requirement ratio for banks, allowing them to inject more liquidity into the country's financial system. The Communist Party's top decision-making body also unveiled plans to increase affordable-housing construction and support the commercial real-estate market to better meet the reasonable needs of home buyers.

Analysts said Friday's announcement from heavily indebted China Evergrande Group that it was meeting with a government risk-management team is also a net positive for the sector.

CCB International Securities said in a note that it expects minimal contagion and systemic risks relating to Evergrande, adding that easing credit conditions would also help the sector.

U.S. bank Jefferies said: "Property related financing is recovering, and we see higher chance of high-level coordination to remove key constraints soon."

Logan Group Co. is bucking sector gains, falling 8.5% after it unveiled plans on Tuesday to raise funds via share issuances.

Write to Yongchang Chin at yongchang.chin@wsj.com

(END) Dow Jones Newswires

12-07-21 0116ET

Stocks mentioned in the article
ChangeLast1st jan.
AGILE GROUP HOLDINGS LIMITED 1.72% 3.55 End-of-day quote.-16.08%
CHINA AOYUAN GROUP LIMITED 1.34% 1.51 End-of-day quote.7.09%
GUANGZHOU R&F PROPERTIES CO., LTD. 3.61% 3.16 End-of-day quote.8.97%
KAISA GROUP HOLDINGS LTD. 2.30% 0.89 End-of-day quote.14.10%
LOGAN GROUP COMPANY LIMITED 2.56% 5.61 End-of-day quote.-5.87%
SEAZEN GROUP LIMITED 2.29% 5.37 End-of-day quote.1.90%
SUNAC CHINA HOLDINGS LIMITED 0.80% 8.79 End-of-day quote.-25.38%
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Analyst Recommendations on CHINA AOYUAN GROUP LIMITED
More recommendations
Financials
Sales 2021 77 483 M 12 197 M 12 197 M
Net income 2021 5 497 M 865 M 865 M
Net Debt 2021 47 149 M 7 422 M 7 422 M
P/E ratio 2021 0,75x
Yield 2021 34,0%
Capitalization 4 478 M 575 M 705 M
EV / Sales 2021 0,67x
EV / Sales 2022 0,60x
Nbr of Employees 22 889
Free-Float 40,0%
Chart CHINA AOYUAN GROUP LIMITED
Duration : Period :
China Aoyuan Group Limited Technical Analysis Chart | 3883 | KYG2119Z1090 | MarketScreener
Technical analysis trends CHINA AOYUAN GROUP LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Last Close Price 1,51 CNY
Average target price 4,64 CNY
Spread / Average Target 207%
EPS Revisions
Managers and Directors
Zi Ning Guo Vice Chairman & Chief Executive Officer
Zhi Bin Chen Chief Executive Officer & Chief Financial Officer
Zi Wen Guo Chairman
Jun Ma Chief Operating Officer & Executive Director
Shi Guo Guo VP & Head-Administration & Human Resources
Sector and Competitors
1st jan.Capi. (M$)
CHINA AOYUAN GROUP LIMITED7.09%567
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VINGROUP JOINT STOCK COMPANY0.84%15 780
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