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CHINA EVERGRANDE GROUP

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Hong Kong shares end marginally higher ahead of Fed policy update

01/26/2022 | 03:52am EDT

Jan 26 (Reuters) - Hong Kong shares ended higher on Wednesday, with gains in financial firms and tech names offset by losses in healthcare stocks, as investors awaited hints about faster tightening of monetary policy from the U.S. Federal Reserve's meeting outcome.

The Hang Seng index rose 0.2% to close at 24,289.90, while the China Enterprises Index gained 0.1% to 8,512.29.

** The Fed is due to update its policy plan at 1900 GMT, after a two-day meeting, while geopolitical situation in Europe is also in focus as the growing tensions have added to a risk-averse environment for investors.

** The Hang Seng Tech index gained 0.8%, with Tencent Holdings up 1.5%, while delivery giant Meituan slipping 0.4%.

** The Hang Seng Finance index rose 0.9%, with banking and financial services provider HSBC Holdings up 3% to become the biggest point contributer lifting the Hang Seng Index.

** Healthcare firms plunged 4.4%, with Wuxi Biologics closing down nearly 7% to become the second biggest decliner on the Hang Seng index.

** Local media 21st Century Business Herald reported that a seventh round of centralised pharmaceutical procurement has been launched, as part of a push to lower medical costs for patients.

** China Evergrande Group ended 1.7% higher, as the developer and its financial advisers will hold a call with investors at 9 p.m. local time (1300 GMT) on Wednesday, the first such call since it defaulted on some dollar bond payments last month. (Reporting by the Shanghai Newsroom; Editing by Rashmi Aich)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.01% 0.70316 Delayed Quote.-3.96%
BRITISH POUND / US DOLLAR (GBP/USD) -0.09% 1.2476 Delayed Quote.-8.90%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.12% 0.7797 Delayed Quote.-1.62%
CHINA EVERGRANDE GROUP 8.55% 1.65 Delayed Quote.3.77%
EURO / US DOLLAR (EUR/USD) -0.13% 1.0538 Delayed Quote.-8.19%
HANG SENG 0.27% 20645.91 Delayed Quote.-14.73%
HSBC HOLDINGS PLC 0.93% 502.4 Delayed Quote.11.98%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.10% 0.012898 Delayed Quote.-4.30%
MEITUAN INC. 0.12% 173.5 Delayed Quote.-22.94%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.09% 0.63651 Delayed Quote.-7.71%
TENCENT HOLDINGS LIMITED -1.36% 363.6 Delayed Quote.-19.35%
WUXI BIOLOGICS (CAYMAN) INC. -2.21% 52.9 Delayed Quote.-41.33%
All news about CHINA EVERGRANDE GROUP
12:44aHeeding regulatory call, Chinese developer Country Garden to issue bonds
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05/13Revenue of 13 Major Chinese Builders Tank 52% in April Despite Easing of Property Curbs
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05/08Evergrande Wins Six-Month Extension on Renminbi Bonds
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05/05China Evergrande Says April Contracted Sales Topped $467 Million
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05/05Running on hope, China markets want action, not more policy pledges
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04/29Evergrande Targets $150.5 Million in Golden Week Holiday Sales
MT
04/28China Evergrande targets sales of $152 million in Golden Week holiday
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04/27Evergrande Unit Gets Six-Month Extension for $87 Million Interest Payment
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04/27China Evergrande gains six-month extension for Hengda onshore coupon payment
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04/26Evergrande, Kaisa, Others Join Central Bank’s Talks on Measures for Ailing Sector
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Analyst Recommendations on CHINA EVERGRANDE GROUP
More recommendations
Financials
Sales 2021 521 B 66 425 M 66 425 M
Net income 2021 12 727 M 1 621 M 1 621 M
Net Debt 2021 497 B 63 253 M 63 253 M
P/E ratio 2021 1,72x
Yield 2021 3,53%
Capitalization 21 787 M 2 776 M 2 776 M
EV / Sales 2021 0,99x
EV / Sales 2022 0,94x
Nbr of Employees 163 119
Free-Float 29,5%
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 6
Last Close Price 1,65 HKD
Average target price 1,89 HKD
Spread / Average Target 14,4%
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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