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2024-04-17 07:45:00 ET Summary A unit of China Construction Bank has asked a court to liquidate Shimao Group, which had a net debt ratio of 473.2% at the end of last year. CCB Asia has taken legal action against three Hong Kong-listed Chinese real estate developers so far this yea...
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The financial woes of the giant real estate developer Evergrande, which carries an estimated debt of $300 billion, have rekindled global fears that China’s property bubble is about to burst. After its liberalization in the late 1990s, China’s property market witnessed a ...
Chinese real estate stocks were among the leaders to the downside during Tuesday's weak session on Wall Street. Concerns surrounding Shimao Group (OTCPK:SIOPF) sparked losses across the industry, including notable retreats from Nam Tai Property (NYSE:NTP) and MDJM (NASDAQ:MDJH). The drug deve...
In the wake of China Evergrande's (OTCPK:EGRNF) (OTCPK:EGRNY), the Chinese real estate sector gets another blow as J.P. Morgan downgrades Shimao Group (OTCPK:SIOPF -32.4%) and its property-services unit, as a transaction between the two companies flashes warning signs, according to a Bloomber...
The catalyst associated with the spin off of its property management services subsidiary is to be realized soon, but its post-IPO share price performance could be below expectations. Shimao Group plans to diversify aggressively beyond its core property management business. This c...
Elevator Pitch I maintain a Neutral rating on Hong Kong-listed Mainland China property developer Shimao Group Holdings Limited ( SIOPF ) ( SHMAY ) [813:HK]. Shimao Group was formerly known as Shimao Property Group Holdings, prior to the company's announcement on June 17, 2020, that it has ...
Elevator Pitch I maintain my "Neutral" rating on Hong Kong-listed Mainland China property developer Shimao Property Holdings Limited ( OTCPK:SIOPF ) ( OTCPK:SHMAY ) [813:HK]. This is an update of my initiation article on Shimao Property published on September 6, 2019. Shimao Property's s...
Elevator Pitch Hong Kong-listed Mainland China property developer Shimao Property Holdings Limited ( SIOPF ) ( SHMAY ) [813:HK] is back on the path of growth since 2017 after stagnant contracted sales growth in the 2014-2016 period. The company's contracted sales for the first eight months o...