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SHIMAO GROUP HOLDINGS LIMITED

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Hong Kong shares close lower as tech giants weigh

01/24/2022 | 03:58am EDT

SHANGHAI, Jan 24 (Reuters) - Hong Kong shares closed lower on Monday, dragged down by index heavyweight Alibaba following a report about a corruption scandal, while other tech giants also weighed.

** The Hang Seng index fell 1.2%, to 24,656.46, while the China Enterprises index lost 1.5%, to 8,658.11 points.

** Alibaba Group slumped 6.3% and was the biggest drag on the Hang Seng Index, after a report said its financial affiliate Ant Group was connected to a corruption scandal.

** China's top anti-graft watchdog pledged to investigate and punish any corrupt behaviour found behind internet platform monopolies.

** Meanwhile, the Hang Seng Tech index dropped 2.8%, tracking Wall Street losses with the U.S. Federal Reserve expected to confirm it will soon start draining the massive pandemic-era liquidity.

** Meituan and Tencent Holdings fell 2.2% and 1.1%, respectively.

** Shares of China Evergrande Group jumped nearly 4% after it named a state firm official to its board.

** The provincial government of Guangdong was aiming to release a framework debt restructuring plan for Evergrande by March, according to a report on Friday.

** Shimao Group and Agile Group rose 0.2% and 7.4%, respectively, following asset sales to state-backed firms to raise money.

** China's real estate sector will likely see "significant easing" in policies that govern it, BNP Paribas Asset Management said, months after starting to build a long position in that sector's debt. (Reporting by the Shanghai Newsroom; Editing by Shounak Dasgupta)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AGILE GROUP HOLDINGS LIMITED 1.82% 3.36 Delayed Quote.-21.99%
ALIBABA GROUP HOLDING LIMITED 6.37% 91.99 Delayed Quote.-22.56%
BNP PARIBAS 0.02% 53.5 Real-time Quote.-11.96%
CHINA EVERGRANDE GROUP 8.55% 1.65 Delayed Quote.3.77%
HANG SENG -0.12% 20571.08 Delayed Quote.-14.73%
MEITUAN INC. -0.52% 172.8 Delayed Quote.-22.94%
S&P 500 2.02% 4088.85 Real-time Quote.-15.91%
SHIMAO GROUP HOLDINGS LIMITED -2.21% 4.42 Delayed Quote.-13.33%
TENCENT HOLDINGS LIMITED -2.12% 360.4 Delayed Quote.-19.35%
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Financials
Sales 2021 148 B 23 407 M 23 407 M
Net income 2021 11 084 M 1 748 M 1 748 M
Net Debt 2021 90 047 M 14 203 M 14 203 M
P/E ratio 2021 1,16x
Yield 2021 26,7%
Capitalization 13 576 M 2 136 M 2 141 M
EV / Sales 2021 0,70x
EV / Sales 2022 0,71x
Nbr of Employees 30 418
Free-Float 36,1%
Chart SHIMAO GROUP HOLDINGS LIMITED
Duration : Period :
Shimao Group Holdings Limited Technical Analysis Chart | 813 | KYG810431042 | MarketScreener
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Last Close Price 3,58 CNY
Average target price 8,45 CNY
Spread / Average Target 136%
EPS Revisions
Managers and Directors
Sai Tan Hui Vice Chairman & President
Wing Mau Hui Chairman
Lai Kuen Kan Independent Non-Executive Director
Hong Bing LŘ Independent Non-Executive Director
Ching Kam Lam Independent Non-Executive Director