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

Hong Kong shares drop, dragged lower by tech on latest crackdown

09/13/2021 | 04:29am EDT

SHANGHAI, Sept 13 (Reuters) - Hong Kong shares finished down on Monday, dragged lower by internet giants following a slew of moves by Beijing to crack down on the country's technology sector.

The Hang Seng index fell 1.5%, to 25,813.81, while the China Enterprises Index lost 1.6%, to 9,238.99 points.

** Shares of tech giants Meituan, Alibaba Group and Tencent Holdings dropped 4.5%, 4.2% and 2.5%, respectively.

** The latest moves in Beijing's crackdown include telling delivery and ride-hailing firms to better protect workers, breaking up Ant's Alipay and forcing creation of separate loans app, and telling internet giants to stop blocking each other's website links from their platforms.

** Chinese office developer SOHO China tumbled 35% in its biggest daily drop since listing more than 14 years ago after Blackstone Group Inc BX.N scrapped a $3 takeover deal.

** Electric vehicle (EV) manufacturers BYD Co Ltd and Xpeng Inc finished down 2.1% and 2.4%, respectively, after China's Industry and Information Technology Minister said the country had "too many" EV makers and the government would encourage consolidation.

** Indebted developer China Evergrande Group plunged 6.9% on report of payments suspension and delay.

** The energy sub-index jumped 3.8%, the biggest daily gain in four months.

** Shares of PetroChina Co, CNOOC Ltd, and China Petroleum & Chemical Corp gained over 2%, as oil prices rose to one-week high as concerns over shut output in the United States supported the market.

(Reporting by the Shanghai Newsroom; Editing by Edmund Blair)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CHINA EVERGRANDE GROUP 4.26% 2.69 End-of-day quote.-81.95%
CNOOC LIMITED -1.61% 8.55 End-of-day quote.19.08%
MEITUAN 0.28% 289.2 End-of-day quote.-1.83%
SOHO CHINA LIMITED 0.00% 2.1 End-of-day quote.-9.09%
TENCENT HOLDINGS LIMITED 0.79% 509.5 End-of-day quote.-9.66%
All news about CHINA EVERGRANDE GROUP
04:47aChina's debt-ridden Evergrande resumes work on more than 10 property projects
RE
10/22Dow posts record closing high, stocks gain for 3rd week; dollar dips
RE
10/22S.Africa's rand set for weekly loss but stocks buck trend
RE
10/22China's troubled property behemoth averts default, signals business shift
RE
10/22FANTASIA : Analysis-Investors denied their Ever-grande finale...for now
RE
10/22WALL STREET STOCK EXCHANGE : Nasdaq takes a hit from Intel and Snap
10/22CHINA EVERGRANDE NEW ENERGY VEHICLE : plans to shift main business to new energy vehicles ..
RE
10/22Powell Imposes Personal-Investing Restrictions on Fed Officials; Turkey's Central Bank ..
DJ
10/22FANTASIA : Evergrande averting default to do little to revive China property bond sales
RE
10/22CHINA EVERGRANDE : Factbox-China's indebted property market and the Evergrande crisis
RE
More news
Analyst Recommendations on CHINA EVERGRANDE GROUP
More recommendations
Financials
Sales 2021 547 B 70 415 M 70 415 M
Net income 2021 2 419 M 311 M 311 M
Net Debt 2021 354 B 45 488 M 45 488 M
P/E ratio 2021 14,7x
Yield 2021 1,41%
Capitalization 35 511 M 4 568 M 4 569 M
EV / Sales 2021 0,71x
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
Technical analysis trends CHINA EVERGRANDE GROUP
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Last Close Price 2,69 HKD
Average target price 11,13 HKD
Spread / Average Target 314%
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-81.95%4 568
CHINA VANKE CO., LTD.-25.68%37 855
VONOVIA SE-9.54%36 174
DEUTSCHE WOHNEN SE20.26%21 013
VINGROUP JOINT STOCK COMPANY-4.55%14 904
VINHOMES JOINT STOCK COMPANY13.30%14 897