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HKSE - Delayed Quote HKD

CHINA CINDA (1359.HK)

1.220

+0.010

+(0.83%)

At close: 4:08:22 PM GMT+8

Sunac liquidation suit hammers shares, renews property debt crisis concerns

HONG KONG (Reuters) -Sunac China shares and bonds plunged on Friday after a liquidation petition was filed against the developer, reigniting investor concerns about the debt crisis in the property sector despite Beijing's revival measures. The petition, filed by a unit of state-owned asset manager China Cinda Asset Management, also deepened worries over Sunac's business recovery and repayment ability despite an offshore debt restructuring it completed in 2023.

Reuters last month

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Three SEHK Stocks Estimated To Trade From 23.7% To 49.4% Below Intrinsic Value

Amid a backdrop of global market fluctuations and heightened trade tensions, the Hong Kong stock market has experienced its own set of challenges, with the Hang Seng Index retreating significantly. This environment may present opportunities for investors to identify stocks that are potentially undervalued relative to their intrinsic worth. In such times, discerning investors often look for companies with solid fundamentals that appear underpriced by the market—stocks that could represent...

Simply Wall St. 7 months ago

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July 2024 Insights Into Three SEHK Stocks Estimated Below Intrinsic Value

In a week marked by modest gains in the Hang Seng Index and ongoing concerns about China's economic slowdown, investors are closely monitoring opportunities within Hong Kong's stock market. Amidst these conditions, identifying stocks that appear undervalued relative to their intrinsic value could be particularly compelling for those looking to invest wisely in a fluctuating market environment.

Simply Wall St. 7 months ago

2325.HK

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PwC defections continue as China Cinda Asset Management ditches auditor facing fines for alleged Evergrande malpractice

State-owned China Cinda Asset Management has become the latest major company to terminate its contract with PwC, after at least five big firms recently cut ties with the auditor amid growing concerns about alleged financial fraud tied to embattled developer China Evergrande. China Cinda has replaced PwC's services with those of fellow "big four" accounting firm Ernst & Young (EY) for 2024, the asset manager said in a stock exchange filing on Monday. The decision was made to "practice sound corpo

South China Morning Post 9 months ago

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Performance Overview

Return	1359.HK	HANG SENG INDEX
YTD	-3.94%	+17.65%
1-Year	+75.42%	+38.07%
3-Year	+15.05%	+14.82%