CIFI Holdings (Group) (P Chip)

CIFI Holdings is an investment holding company based in the People's Republic of China. Co. is engaged in property development, property investment and provision of property management and property related services. Co.'s residential property development activities focus on developing quality, mass market residential properties with small-to-medium unit sizes, comfortable living environment and locations with good public transportation links. Co.'s commercial property development activities focus on developing office properties-for-sale. Additionally, Co. provides property management services to residential and commercial customers through the property management companies.
  • Ticker00884
  • ISINKYG2140A1076
  • ExchangeHong Kong Stock Exchange
  • SectorReal Estate Investment & Services
  • CountryCayman Islands

Analysts

1 director bought

A director at CIFI Holdings Group Co Ltd bought 3,318,000 shares at 4.193HKD and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. Th...

UOB
Nick Liu Sunliang ...
  • Shaun Tan

Property - 1H19 results round-up: Rising pressure.

Since revenue of property developers has a lag of 2-3 years from pre-sales to carryover, most of the project settlements in 1H19 were sold in 2016-17. Therefore, earnings of property developers in 1H19 were still eye-catching. However, with the further tightening of policies and financing in the property sector, pressure on sales and investment will increase and impact the cash flow of developers. Maintain MARKET WEIGHT.

UOB
Nick Liu Sunliang ...
  • Shaun Tan

CIFI Holdings - 1H19: Sales grow in line with expectations.

CIFI Holdings reported 1H19 net profit of Rmb4.41b (+5.66% yoy), in line with expectations. Its 3-year recognised revenue CAGR reached 32% yoy, underpinning earnings growth. Management maintained 2019 sales guidance of Rmb190b as 54.4% of its target has been achieved in 7M19. CIFI’s sales have grown by leaps and bounds. Maintain BUY with target price of HK$6.24.

UOB
Arandi Ariantara ...
  • Chaiwat Arsirawichai
  • Charles Wong Kok Min
  • Jacquelyn Yow Hui Li
  • John Cheong Ming Chern
  • Johnny Yum Chung Man
  • K Ajith
  • Ken Lee
  • Kong Ho Meng
  • Kowit Pongwinyoo
  • Leow Huey Chuen
  • Lucas Teng Yao Yang
  • Napat Vorajanyavong
  • Neo Chen Wentao
  • Nick Liu Sunliang
  • Robin Yuen
  • Sandra Huang Jieqiong
  • Shaun Tan
  • Tanaporn Visaruthaphong
  • Thananchai Jittanoon

Regional Morning Notes - Wednesday, August 14, 2019

CHINA Sector Machinery: Excavator sales accelerated in July, easing market concerns. Results CIFI Holdings (884 HK/BUY/HK$4.22/Target: HK$6.24): 1H19: Sales grow in line with expectations. Lee & Man Paper (2314 HK/SELL/HK$4.01/Target: HK$3.50): 1H19: Net profit down 44% yoy, in line. Cut target price to HK$3.50 on weaker demand outlook for containerboard. Nexteer (1316 HK/HOLD/HK$7.51/Target: HK$8.00): 1H19: Results missed estimates; downgrade from BUY to HOLD with a lower target price of HK$8.00. Update Shenzhen Airport (000089 CH/HOLD/Rmb10.43/Target: Rmb10.90): SZIA will benefit at HKIA’s e...

UOB
Charles Wong Kok Min ...
  • Johnny Yum Chung Man
  • Joyce Chan Pui Lai
  • K Ajith
  • Ken Lee
  • Neo Chen Wentao
  • Nick Liu Sunliang
  • Robin Yuen
  • Sandra Huang Jieqiong
  • Shaun Tan

Greater China Daily: Wednesday, August 14, 2019

KEY HIGHLIGHTS CHINA Sector Machinery Excavator sales accelerated in July, easing market concerns. Results CIFI Holdings (884 HK/BUY/HK$4.22/Target: HK$6.24) 1H19: Sales grow in line with expectations. Lee & Man Paper (2314 HK/SELL/HK$4.01/Target: HK$3.50) 1H19: Net profit down 44% yoy, in line. Cut target price to HK$3.50 on weaker demand outlook for containerboard. Nexteer (1316 HK/HOLD/HK$7.51/Target: HK$8.00) 1H19: Results missed estimates; downgrade from BUY to HOLD with a lower target price of HK$8.00. Update Shenzhen Airport (000089 CH/HOLD/Rmb10.43/Target: Rmb10.90) SZIA wil...

CIFI Holdings (Group) Co. Ltd. - December 2016 (LTM): Peer Snapshot

Peer Snapshot: CIFI Holdings (Group) Co. Ltd. - December 2016 (LTM) 21 April 2017 (in US millions) FYE Dec-14 FYE Dec-15 LTM Dec-16 FYE Dec-14 FYE Dec-15 LTM Jun-16 FYE Dec-14 FYE Dec-15 LTM Dec-16

CIFI Holdings (Group) Co. Ltd.: Outlook change to positive reflects likely improvements in the company's credit profile

CORPORATES CREDIT OPINION 27 March 2017 Update RATINGS CIFI Holdings (Group) Co. Ltd. Domicile Cayman Islands Long Term Rating Ba3 Type LT Corporate Family Ratings Outlook Positive Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Stephanie Lau 852-3758-1343

Moody's changes CIFI's ratings outlook to positive

Hong Kong, March 06, 2017-- Moody's Investors Service has changed the ratings outlook of CIFI Holdings Co. Ltd. to positive from stable. At the same time, Moody's has affirmed the company's Ba3 corporate family rating and the B1 senior unsecured rating on its USD400 million bonds due 2020.. "The positive ratings outlook reflects our expectation that CIFI will improve its credit metrics over the next 12-18 months, owing to its strong sales execution and prudent land acquisition...

UOB
Nick Liu Sunliang ...
  • Shaun Tan

CIFI Holdings - 1H19: Sales grow in line with expectations.

CIFI Holdings reported 1H19 net profit of Rmb4.41b (+5.66% yoy), in line with expectations. Its 3-year recognised revenue CAGR reached 32% yoy, underpinning earnings growth. Management maintained 2019 sales guidance of Rmb190b as 54.4% of its target has been achieved in 7M19. CIFI’s sales have grown by leaps and bounds. Maintain BUY with target price of HK$6.24.

UOB
Arandi Ariantara ...
  • Chaiwat Arsirawichai
  • Charles Wong Kok Min
  • Jacquelyn Yow Hui Li
  • John Cheong Ming Chern
  • Johnny Yum Chung Man
  • K Ajith
  • Ken Lee
  • Kong Ho Meng
  • Kowit Pongwinyoo
  • Leow Huey Chuen
  • Lucas Teng Yao Yang
  • Napat Vorajanyavong
  • Neo Chen Wentao
  • Nick Liu Sunliang
  • Robin Yuen
  • Sandra Huang Jieqiong
  • Shaun Tan
  • Tanaporn Visaruthaphong
  • Thananchai Jittanoon

Regional Morning Notes - Wednesday, August 14, 2019

CHINA Sector Machinery: Excavator sales accelerated in July, easing market concerns. Results CIFI Holdings (884 HK/BUY/HK$4.22/Target: HK$6.24): 1H19: Sales grow in line with expectations. Lee & Man Paper (2314 HK/SELL/HK$4.01/Target: HK$3.50): 1H19: Net profit down 44% yoy, in line. Cut target price to HK$3.50 on weaker demand outlook for containerboard. Nexteer (1316 HK/HOLD/HK$7.51/Target: HK$8.00): 1H19: Results missed estimates; downgrade from BUY to HOLD with a lower target price of HK$8.00. Update Shenzhen Airport (000089 CH/HOLD/Rmb10.43/Target: Rmb10.90): SZIA will benefit at HKIA’s e...

UOB
Nick Liu Sunliang ...
  • Shaun Tan

China Property: Embracing megacity clusters. OVERWEIGHT

With the government’s efforts to foster and develop city clusters in China, we see huge housing demand in core metroplolitan areas arising from urbanisation and cross-regional population flows into those areas. Naturally, the YRD and GBA will remain the main magnets for population in the future, given their vast potential. Urbanisation rates in YRD (68.5%) and GBA (84.4%) are notably higher than in the rest of China (59.6%). Maintain OVERWEIGHT with CIFI, Ronshine and Times China as top BUYs.

1 director bought

A director at CIFI Holdings Group Co Ltd bought 3,318,000 shares at 4.193HKD and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. Th...

UOB
Charles Wong Kok Min ...
  • Johnny Yum Chung Man
  • Joyce Chan Pui Lai
  • K Ajith
  • Ken Lee
  • Neo Chen Wentao
  • Nick Liu Sunliang
  • Robin Yuen
  • Sandra Huang Jieqiong
  • Shaun Tan

Greater China Daily: Wednesday, August 14, 2019

KEY HIGHLIGHTS CHINA Sector Machinery Excavator sales accelerated in July, easing market concerns. Results CIFI Holdings (884 HK/BUY/HK$4.22/Target: HK$6.24) 1H19: Sales grow in line with expectations. Lee & Man Paper (2314 HK/SELL/HK$4.01/Target: HK$3.50) 1H19: Net profit down 44% yoy, in line. Cut target price to HK$3.50 on weaker demand outlook for containerboard. Nexteer (1316 HK/HOLD/HK$7.51/Target: HK$8.00) 1H19: Results missed estimates; downgrade from BUY to HOLD with a lower target price of HK$8.00. Update Shenzhen Airport (000089 CH/HOLD/Rmb10.43/Target: Rmb10.90) SZIA wil...

UOB
Jayson Kong ...
  • Johnny Yum Chung Man
  • Joyce Chan Pui Lai
  • Ken Lee
  • Nick Liu Sunliang
  • Tham Mun Hon

Greater China Daily: Tuesday, July 2, 2019

KEY HIGHLIGHTS CHINA Economics PMI Destocking starts to slow down but poor labour market outlook a concern. Sector Automobile Completion of emission standard transition kick-starts recovery. Maintain OVERWEIGHT. Property Weekly: Continuous policy fine-tuning. TRADERS’ CORNER China Overseas (688 HK): Trading Buy Range CIFI Holdings (884 HK): Trading Buy Range

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

UOB
Nick Liu Sunliang ...
  • Shaun Tan

Property - 1H19 results round-up: Rising pressure.

Since revenue of property developers has a lag of 2-3 years from pre-sales to carryover, most of the project settlements in 1H19 were sold in 2016-17. Therefore, earnings of property developers in 1H19 were still eye-catching. However, with the further tightening of policies and financing in the property sector, pressure on sales and investment will increase and impact the cash flow of developers. Maintain MARKET WEIGHT.

UOB
Nick Liu Sunliang ...
  • Shaun Tan

China Property - Weekly: Valuation of some developers will decline.

The decision from Politburo meeting emphasised continued policy tightening, and we believe the real estate industry will find it difficult to obtain a dividend policy in the short term. However, we still recommend paying attention to real estate developers whose sales will keep growing in the industry, as sales data now represents operating profit 2-3 years later. Maintain MARKET WEIGHT.

UOB
Nick Liu Sunliang ...
  • Shaun Tan

China Property - Weekly: 1H19 results preview.

Amid expectations of a decline in investment, China’s policy fine-tuning will play a key role in stabilising the market. We expect the profit gap between housing developers to widen and industry concentration to increase significantly when total sales volumes show a downtrend. At the same time, the sector’s valuations will fall, but leading developers’ valuations will rebound. Downgrade to MARKET WEIGHT.

UOB
Nick Liu Sunliang ...
  • Shaun Tan

China Property - Weekly: Performances will continue to improve.

Last week (14-20 July), 32,842 new houses were sold in the 30 cities we monitor, down 11.46% wow. Transaction area totalled 3.49m sqm, down 10.17% wow. New inventory in 15 cities increased 9.42% wow. Transaction-to-new-launch ratio reached 0.97x, lower than the 1.30x in the week of 7-13 July. Leading developers are trading at 4.12-9.45x 2019F PE and at a 22.7-67.5% discount to last week's NAV. Maintain OVERWEIGHT.

UOB
Nick Liu Sunliang

China Property - Weekly: Financing channel may not tighten further.

Last week (7- 13 July), 37,011 new houses were sold in the 30 cities we monitor, down 6.0% wow. Transaction area totalled 3.87m sqm, down 6.1% wow. New inventory in 15 cities increased 61.3% wow. Transaction-to-new-launch ratio reached 1.30x, higher than the 0.75x in the week of 30 June-6 July. Leading developers are trading at 4.1-9.2x 2019F PE and at a 21.4-65.2% discount to NAV last week. Maintain OVERWEIGHT.

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