Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. China Evergrande Group
  6. News
  7. Summary
    3333   KYG2119W1069

CHINA EVERGRANDE GROUP

(3333)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

China Evergrande : Copper ticks lower on firm dollar, China worries

09/28/2021 | 06:16am EDT

LONDON, Sept 28 (Reuters) - Copper prices slipped on Tuesday on a stronger dollar and concern about the impact of power cuts in top metals consumer China, where the economy has already been weakening.

Three-month copper on the London Metal Exchange was down 1.1% at $9,260 by 1605 GMT, after rising 0.3% on Monday.

Copper has eased from a record peak of $10,747.50 touched in May, but it is still up 20% so far this year.

"We have the risk of a sudden spike in the dollar, which will weigh on the market," said Gianclaudio Torlizzi, partner at consultancy T-Commodity in Milan.

"And we have a worsening situation in China due to a double shock - the credit crunch from Evergrande and a shock coming from the energy crisis. It's a very tricky market to trade so I think a lot of people will stay on the sidelines."

In China, a shortage of coal supplies, toughening emissions standards and strong demand from manufacturers and industry have pushed coal prices to record highs and triggered widespread curbs on usage.

The U.S. dollar rose to its highest in more than five weeks due to rising bond yields, making metals priced in dollars more expensive for buyers using other currencies.

* The global zinc market deficit narrowed to 6,600 tonnes in July from a revised deficit of 40,000 tonnes in June, while a surplus in the global lead market fell to 11,700 tonnes from 13,400 tonnes during the same period, data showed.

* LME nickel was the biggest loser, sliding 2.1% to $18,545 a tonne after shedding more than 2% on Monday. "The power curtailment policy affects part of the downstream consumption of nickel," brokerage Huatai Futures said in a note.

* LME tin bounced by 1.9% to $35,780 a tonne, having tumbled more than 4% on Monday after power usage curbs in China also cut demand for refined tin.

* LME aluminium gained 1.7% to $2,931.50, zinc added 0.2% to $3,072.50, while lead rose 0.3% to $2,168.50.

* For the top stories in metals and other news, click or (Additional reporting by Mai Nguyen in Hanoi and Tom Daly Editing by Susan Fenton and Mark Potter)


ę Reuters 2021
All news about CHINA EVERGRANDE GROUP
10/16CHINA VANKE : Chinese property executives ask regulators for 'appropriate loosening' of re..
RE
10/15CHINA PROPERTIES : defaults on notes worth $226 million
RE
10/15CHINA EVERGRANDE : central bank official says spillover effect of Evergrande's debt woes i..
RE
10/15Hong Kong audit watchdog investigating Evergrande and PwC
RE
10/15CHINA EVERGRANDE : Hong Kong audit watchdog investigating Evergrande and PwC
RE
10/15Chinese state-owned yuexiu property pulls out of planned $1.7 bln deal to buy china eve..
RE
10/15Chinese Regulators Ask Banks to Reduce Wealth Management Products
MT
10/15FANTASIA : China loosens restrictions on home loans at some big banks -Bloomberg News
RE
10/15China to Likely Keep Property Regulations Tight Despite Lull, Analysts Say
MT
10/14Fitch Cuts Modern Land’s Ratings as Developer Seeks Payment Extension; Shares Tan..
MT
More news
Analyst Recommendations on CHINA EVERGRANDE GROUP
More recommendations
Financials
Sales 2021 547 B 70 381 M 70 381 M
Net income 2021 2 419 M 311 M 311 M
Net Debt 2021 354 B 45 466 M 45 466 M
P/E ratio 2021 16,1x
Yield 2021 1,29%
Capitalization 38 943 M 5 007 M 5 008 M
EV / Sales 2021 0,72x
EV / Sales 2022 0,47x
Nbr of Employees 163 119
Free-Float 18,6%
Chart CHINA EVERGRANDE GROUP
Duration : Period :
China Evergrande Group Technical Analysis Chart | 3333 | KYG2119W1069 | MarketScreener
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Last Close Price 2,95 HKD
Average target price 11,13 HKD
Spread / Average Target 277%
EPS Revisions
Managers and Directors
Hai Jun Xia Vice Chairman & Chief Executive Officer
Shou Ming Shi President
Da Rong Pan Chief Financial Officer & Executive Director
Ka Yan Hui Chairman
Dong Feng Chen Head-Information
Sector and Competitors
1st jan.Capi. (M$)
CHINA EVERGRANDE GROUP-80.20%5 007
CHINA VANKE CO., LTD.-26.52%37 016
VONOVIA SE-10.71%35 610
DEUTSCHE WOHNEN SE21.17%21 116
VINGROUP JOINT STOCK COMPANY-3.72%15 032
VINHOMES JOINT STOCK COMPANY14.31%15 028