With the selection of the value list of Jinqilin listed companies in Hong Kong stock market opened, thousands of companies will compete fiercely for the eight Project Awards. Who is the most leading entrepreneur, such as Zhang Yong, Yu Liang, Wang Xing, Lei Jun, Xu Jiayin and Ding Lei.
Citigroup released a research report and said that after Everbright International announced its mid-term results, Citigroup lowered its investment rating from “buy” to “sell” and the target price remained at HK $4.6 because of the company’s debt problems and concerns about the quality of the company’s performance.
Citigroup pointed out that 44% – 55% of Everbright International’s pre tax profit in the first half of the year came from non cash construction income, which raised Citigroup’s doubts about the company’s relevant performance. As the company’s capital leverage ratio continues to rise, Everbright International may issue new shares again. It is expected that Everbright International’s free cash flow may maintain negative growth next year.
Everbright International yesterday announced its results for the first half of the year to the end of June. The profit attributable to shareholders increased by 15% to HK $3.029 billion, with a profit of HK $0.49 per share and an interim dividend of HK $0.14. During the period, earnings increased by 13% to HK $18.377 billion and gross profit increased by 15% to HK $6.489 billion.