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    960   KYG5635P1090

LONGFOR GROUP HOLDINGS LIMITED

(960)
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Hong Kong stocks end lower after Fed's surprise turn

06/21/2021 | 04:24am EDT

* HK->Shanghai Connect daily quota used -1.2%, Shanghai->HK daily quota used -3%

* HSI -1.1%, HSCE -0.9%, CSI300 -0.2%

* FTSE China A50 -0.7%

June 21 (Reuters) - Hong Kong stocks fell on Monday, largely in line with other Asian markets, as investors pondered the implications of the U.S. Federal Reserve's surprise hawkish shift last week.

** At the close of trade, the Hang Seng index was down 312.27 points, or 1.08%, at 28,489.00. The Hang Seng China Enterprises index fell 0.93% to 10,547.86.

** The sub-index of the Hang Seng tracking energy shares dropped 0.9%, the IT sector slipped 1.2%, the financial sector ended 1.89% lower and the property sector fell 1.16%.

** The top gainer on the Hang Seng was AAC Technologies Holdings Inc, which gained 5.15%, while the biggest loser was Haidilao International Holding Ltd, which fell 5.06%.

** Around the region, MSCI's Asia ex-Japan stock index was weaker by 1.07%, while Japan's Nikkei index closed down 3.29%.

** U.S. St. Louis Federal Reserve President James Bullard said on Friday that the U.S. central bank's shift towards a faster tightening of monetary policy was a "natural" response to economic growth and particularly inflation moving quicker than expected as the country reopens from the COVID-19 pandemic.

** China kept its benchmark lending rate for corporate and household loans unchanged for the 14th straight month at its June fixing on Monday, in line with market expectations.

** The Financial News, backed by the Peoples Bank of China (PBOC), on Sunday advised against speculating about liquidity tightening and policy direction, saying such action can mislead and roil markets.

** China's main Shanghai Composite index closed up 0.12% at 3,529.18 points, while the blue-chip CSI300 index ended down 0.24%.

** The yuan was quoted at 6.468 per U.S. dollar at 08:10, 0.22% weaker than the previous close of 6.4537.

** At close, China's A-shares were trading at a premium of 38.11% over Hong Kong-listed H-shares. (Reporting by the Shanghai Newsroom; Editing by Amy Caren Daniel)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AAC TECHNOLOGIES HOLDINGS INC. -1.75% 39.3 End-of-day quote.-9.45%
AUSTRALIAN DOLLAR / CHINESE YUAN RENMINBI (AUD/CNY) -0.16% 4.68975 Delayed Quote.-6.43%
BANK OF CHINA LIMITED -2.53% 2.7 End-of-day quote.1.89%
BRITISH POUND / CHINESE YUAN RENMINBI (GBP/CNY) -0.51% 8.831007 Delayed Quote.-0.43%
CANADIAN DOLLAR / CHINESE YUAN RENMINBI (CAD/CNY) -0.40% 5.0438 Delayed Quote.-1.23%
CHINA EVERGRANDE GROUP -10.24% 2.28 End-of-day quote.-84.70%
CHINA FEIHE LIMITED -2.40% 13.82 End-of-day quote.-23.90%
CHINA GAS HOLDINGS LIMITED -2.01% 21.9 End-of-day quote.-28.90%
EURO / CHINESE YUAN RENMINBI (EUR/CNY) -0.01% 7.5829 Delayed Quote.-4.87%
EVERGRANDE PROPERTY SERVICES GROUP LIMITED -11.30% 4.08 End-of-day quote.-54.36%
HAIDILAO INTERNATIONAL HOLDING LTD. 1.44% 31.75 End-of-day quote.-46.82%
HANG SENG -3.15% 24099.69 Real-time Quote.-8.62%
INDIAN RUPEE / CHINESE YUAN RENMINBI (INR/CNY) 0.07% 0.087799 Delayed Quote.-1.79%
LONGFOR GROUP HOLDINGS LIMITED -4.15% 31.2 End-of-day quote.-31.28%
NIKKEI 225 0.58% 30500.05 Real-time Quote.11.13%
S&P/CITIC 300 INDEX 0.05% 4386.43 Delayed Quote.-4.51%
S&P/CITIC 50 INDEX 0.08% 4042.02 Delayed Quote.-13.33%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.15% 6.479 Delayed Quote.-0.39%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) 0.00% 6.4655 Delayed Quote.-0.91%
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Analyst Recommendations on LONGFOR GROUP HOLDINGS LIMITED
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Financials
Sales 2021 223 B 34 482 M 34 482 M
Net income 2021 22 685 M 3 509 M 3 509 M
Net Debt 2021 95 548 M 14 778 M 14 778 M
P/E ratio 2021 8,50x
Yield 2021 5,25%
Capitalization 189 B 24 309 M 29 276 M
EV / Sales 2021 1,28x
EV / Sales 2022 0,94x
Nbr of Employees 42 570
Free-Float 26,8%
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Longfor Group Holdings Limited Technical Analysis Chart | 960 | KYG5635P1090 | MarketScreener
Technical analysis trends LONGFOR GROUP HOLDINGS LIMITED
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 25
Last Close Price 31,20 CNY
Average target price 43,58 CNY
Spread / Average Target 39,7%
EPS Revisions
Managers and Directors
Ming Xiao Shao Chief Executive Officer & Executive Director
Yi Zhao Chief Financial Officer & Executive Director
Ya Jun Wu Chairman
Shi Xuan Huang General Manager-Engineering Department
Frederick Peter Churchouse Independent Non-Executive Director