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    1996   KYG7459A1013

REDSUN PROPERTIES GROUP LIMITED

(1996)
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Redsun Properties : Haitong International Initiates an "Outperform" Research Report for Redsun Properties with Target Price at HK$3.39

02/02/2021 | 11:13pm EST

HONG KONG, Feb 3, 2021 - (ACN Newswire) - - Redsun Properties Group Limited ("Redsun Properties", or the "Group", stock code: 1996) a leading comprehensive property developer in Mainland China has been given an "Outperform" initiate research report by Haitong International, with a target price of HK$3.39 backed by its dual-driven synergic in residential and commercial properties.

Redsun Properties is a comprehensive property enterprise with an established presence in the Yangtze River Delta region and keenness on national expansion. It has experience in both of commercial property development/operation and residential property development, thus it geared up its strategic cooperation in acquiring land with proven efficacy, coupled with the dual-driven strategy, commercial/residential linkage, and improved quality and efficacy enhancement in operation.

76% of Redsun Properties' total landbank is located in 2nd-tier cities and 73% is located in the Yangtze River Delta region, with 55% in Jiangsu province. Haitong International thinks the Group has built good brand recognition in Jiangsu; this could also help it to obtain quality lands in this region. Although Redsun Properties' contracted sales grew fast in past years, it maintains a good balance between financial health and business growth. Haitong International believes the Group could reduce its asset liability ratio under 70% in 2021 and going forward.

About Redsun Properties Group Limited ("Redsun Properties") (stock code: 1996)

Redsun Properties Group Limited ("Redsun Properties" or "The Group") is a leading comprehensive developer in China, focusing on the development of residential properties and the development, operation and management of commercial and comprehensive properties. The Group has established a steady regional leading position in Jiangsu Province by taking root in Nanjing, Jiangsu and Yangtze River Delta. Since the incorporation of Nanjing Redsun in 1999, Redsun Properties has worked in the sector of property development and sales for 20 years, established the Hong Yang brand and received widespread recognition for the development capacity and industry position.

While developing residential properties, Redsun Properties also operates commercial complexes covering shopping malls, amusement parks and community centers, hotels and office buildings. Most of the commercial property buildings are adjacent to the Group's residential property projects, providing ancillary services for the residents and also increasing the value of the Group's residential property projects.

Redsun Properties is a constituent of the MSCI China Small Cap Index, Hang Seng Composite Index and Hang Seng Stock Connect Hong Kong Index.

Copyright 2021 ACN Newswire . All rights reserved.

© Japan Corporate News, source JCN Press Releases

All news about REDSUN PROPERTIES GROUP LIMITED
11/07Redsun Properties' Contracted Sales Top $1 Billion in October
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11/01Evergrande Braces For Two Bond Payment Deadlines This Week
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10/31Redsun Properties Fully Redeems $100 Million of 13% Bonds at Maturity
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10/31Redsun Properties Group Limited Redeems 13% Senior Notes Due 2021 in the Aggregate Prin..
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10/18REDSUN PROPERTIES : Buys Back $2 Million of 13% Bonds Due This Month
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10/14REDSUN PROPERTIES : Repurchases $7 Million of 13% Bonds Due This Month
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10/13Redsun Properties Group Limited Announces Further Partial Repurchase of Senior Notes
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10/11REDSUN PROPERTIES : Repurchases $5 Million of 13% Bonds Due This Month
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10/10REDSUN PROPERTIES : Logs $760 Million Contracted Property Sales in September
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10/06REDSUN PROPERTIES : Buys Back $3 Million of 13% Bonds Due This Month
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More news
Financials
Sales 2021 26 120 M 4 102 M 4 102 M
Net income 2021 1 765 M 277 M 277 M
Net Debt 2021 15 834 M 2 487 M 2 487 M
P/E ratio 2021 4,01x
Yield 2021 6,58%
Capitalization 7 111 M 913 M 1 117 M
EV / Sales 2021 0,88x
EV / Sales 2022 0,72x
Nbr of Employees 3 450
Free-Float 28,0%
Chart REDSUN PROPERTIES GROUP LIMITED
Duration : Period :
Redsun Properties Group Limited Technical Analysis Chart | 1996 | KYG7459A1013 | MarketScreener
Technical analysis trends REDSUN PROPERTIES GROUP LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Last Close Price 2,13 CNY
Average target price 2,88 CNY
Spread / Average Target 35,1%
EPS Revisions
Managers and Directors
Chun Yuan Chief Executive Officer & Executive Director
Huan Sha Zeng Chairman
Kwok Tung Lee Independent Non-Executive Director
Yau Wan Leung Independent Non-Executive Director
Po Fung Au Yeung Independent Non-Executive Director