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    002415   CNE100000PM8

HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.

(002415)
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BlackRock says ETFs match index cuts of China stocks

01/11/2021 | 04:34pm EDT

BOSTON (Reuters) - Top asset manager BlackRock Inc said its iShares ETFs have complied with index provider moves to drop certain China securities in response to pressure from Washington.

In a note to clients provided by a spokesman for the New York asset manager on Monday, BlackRock listed five ETFs affected by the index provider changes, including four funds based on indexes provided by MSCI Inc and one benchmarked against the FTSE Russell China 50 Index.

The move is the latest as Wall Street firms cut their exposure to China, and shows the influence of index providers whose products determine the flow of passive investments.

Since last month MSCI, FTSE Russell and S&P Dow Jones have said they will remove a total of 15 different companies from equity indexes, among those that the U.S. Defense Department has said have links to the Chinese military. Many of the companies have denied the assertions, and China's government has said the claims lack evidence.

BlackRock has declined to make executives available for interviews. In its note to clients BlackRock said, "iShares ETFs have adjusted and will continue to be responsive in accordance with their respective indexes' treatment of securities impacted by recent U.S. sanctions on certain Chinese companies."

An MSCI-based fund listed by BlackRock is the $6.8 billion iShares MSCI China ETF. As of Jan. 8, its top holdings were Alibaba Group and Tencent Holdings Ltd, according to BlackRock's website.

Sanctioned firms like China Mobile Ltd, and Hangzhou Hikvision, among the ETF's investments in 2020, are not currently listed.

(Reporting by Ross Kerber in Boston; Editing by Cynthia Osterman)

By Ross Kerber


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED -0.46% 151.19 Delayed Quote.-35.04%
CHINA MOBILE LIMITED 1.27% 47.75 End-of-day quote.8.03%
HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD. -2.45% 51.8 End-of-day quote.6.78%
LONDON STOCK EXCHANGE PLC -1.31% 7816 Delayed Quote.-11.83%
MSCI CHINA (STRD) 1.07% 89.921 Real-time Quote.-18.23%
MSCI CHINA A (STRD) 0.59% 2507.846582 Real-time Quote.-1.86%
MSCI INC. 1.31% 653.58 Delayed Quote.46.37%
TENCENT HOLDINGS LIMITED 2.93% 463.2 End-of-day quote.-17.87%
All news about HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.
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08/19Lynxi Technologies Ltd., Co. announced that it has received funding from Beijing Xindin..
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08/10DISCOVER HIKVISION'S LATEST COLORVU : even sharper imaging with brighter color, 24 hours ..
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08/03HANGZHOU HIKVISION DIGITAL TECHNOLOG : Digital presentation to maximize corporate collabor..
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07/29HANGZHOU HIKVISION DIGITAL TECHNOLOG : Hikvision announces 2021 first half-year financial ..
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07/28ZHEJIANG DAHUA TECHNOLOGY : Biden nominates Huawei prosecutor for key China export post
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07/23Hangzhou Hikvision Digital Technology Co., Ltd. Reports Earnings Results for the Half Y..
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07/21HANGZHOU HIKVISION DIGITAL TECHNOLOG : Maximize logistics performance with Smart Dock Mana..
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07/13FCC votes to finalize program to replace Huawei equipment in U.S networks
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07/09U.S. adds 14 Chinese companies, to economic black list over Xinjiang
RE
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Analyst Recommendations on HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.
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Financials
Sales 2021 79 790 M 12 347 M 12 347 M
Net income 2021 16 586 M 2 567 M 2 567 M
Net cash 2021 28 091 M 4 347 M 4 347 M
P/E ratio 2021 29,7x
Yield 2021 1,66%
Capitalization 484 B 74 871 M 74 833 M
EV / Sales 2021 5,71x
EV / Sales 2022 4,69x
Nbr of Employees 42 685
Free-Float 38,6%
Chart HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.
Duration : Period :
Hangzhou Hikvision Digital Technology Co., Ltd. Technical Analysis Chart | 002415 | CNE100000PM8 | MarketScreener
Technical analysis trends HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 21
Last Close Price 51,80 CNY
Average target price 69,03 CNY
Spread / Average Target 33,3%
EPS Revisions
Managers and Directors
Yang Zhong Hu General Manager & Executive Director
Yan Jin Chief Financial Officer & Deputy General Manager
Zong Nian Chen Chairman
Hui Fang Cheng Chairman-Supervisory Board
Zhi Dong Wang Independent Director
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