0817.HK - China Jinmao Holdings Group Limited

HKSE - HKSE Delayed Price. Currency in HKD
5.670
+0.030 (+0.53%)
As of 1:08PM HKT. Market open.
Stock chart is not supported by your current browser
Previous Close5.640
Open5.700
Bid5.660 x 0
Ask5.670 x 0
Day's Range5.650 - 5.720
52 Week Range3.330 - 5.930
Volume7043090
Avg. Volume18,399,280
Market Cap67B
Beta (5Y Monthly)1.80
PE Ratio (TTM)11.00
EPS (TTM)0.516
Earnings DateN/A
Forward Dividend & Yield0.22 (3.90%)
Ex-Dividend Date2019-10-04
1y Target Est5.01
  • Is China Jinmao Holdings Group Limited's (HKG:817) High P/E Ratio A Problem For Investors?
    Simply Wall St.

    Is China Jinmao Holdings Group Limited's (HKG:817) High P/E Ratio A Problem For Investors?

    Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll apply a basic...

  • Should You Think About Buying China Jinmao Holdings Group Limited (HKG:817) Now?
    Simply Wall St.

    Should You Think About Buying China Jinmao Holdings Group Limited (HKG:817) Now?

    China Jinmao Holdings Group Limited (HKG:817), which is in the real estate business, and is based in Hong Kong, led...

  • A Mega-Merger Can't Hide $12 Billion of Debt
    Bloomberg

    A Mega-Merger Can't Hide $12 Billion of Debt

    (Bloomberg Opinion) -- China has a standard road map for fixing state-owned giants that have gone off the rails: Create an even more inflated behemoth through a mega-merger, in the hope that the stronger business will be able to prop up the weaker one until the storm blows over.It’s a playbook that’s been followed in steel, shipping, energy and rolling stock — but in the chemicals industry, it’s not working. The country is planning to abandon the long-mooted merger of chemicals giants Sinochem Group Co. and China National Chemical Corp., or ChemChina, the Financial Times reported Thursday, citing people close to the matter it didn’t name. Executives at the two companies had clashed and Sinochem is likely to just buy some of ChemChina’s better assets instead, the newspaper reported.It might seem remarkable that after about three years of will-they-won’t-they rumor, bosses at the two companies can’t get along. After all, both have the same chairman in Frank Ning, a Pittsburgh-educated dealmaker who ran state-owned grain trader Cofco Corp. before being brought into Sinochem in 2016. He was put atop ChemChina after its entrepreneurial boss Ren Jianxin retired last year.Still, it’s not hard to see why calling off the engagement makes sense for Sinochem, which has the better returns and lower debt levels. For ChemChina, with 83.37 billion yuan ($12 billion) of debt maturing next year and a negative 9.98 billion yuan of operating cash flows in the year through June, the prospects look tougher. The two companies have had opposite approaches to making a profit in the fundamentally low-margin business of selling chemicals and fertilizers in a country where the government wants industrial and agricultural costs to be low.Sinochem diversified into real estate and leasing, spinning off the property developer China Jinmao Holdings Group Ltd. and leasing firm Far East Horizon Ltd. into listings in Hong Kong. Jinmao’s net income of 5.2 billion yuan last year isn't far from the 6.5 billion yuan total for Sinochem’s main entity, and the chemicals company has brought in more cash from the business in recent months by selling off a stake to local life insurers.ChemChina took a more globetrotting approach, making a splashy overseas deal for tire maker Pirelli & C. SpA followed by the $46 billion takeover of Swiss agribusiness giant Syngenta AG in 2016, when checkbooks for connected Chinese dealmakers were wide open. As the country has moved toward deleveraging in the years since, that strategy seems to have been its undoing. Net debt more than doubled as a result of the Syngenta deal, overwhelming the ability of the investment to pay for itself. ChemChina’s adjusted debt at the end of 2018 was 10 times Ebitda, according to Moody’s Investors Service, well above figures that would be considered conservative. China’s ambassador to Switzerland in June described the deal as a mistake, an extraordinarily frank assessment from such a figure.Things are likely to come to a head shortly. ChemChina’s 2020 debt maturities alone are equivalent to all the Sinochem debt maturing out to the start of 2029, according to data compiled by Bloomberg. After that there’s another 71.52 billion yuan to deal with in 2021 and 66.48 billion yuan in 2022, the data show.One way around this would be the relisting of Syngenta, which could happen as soon as mid-2020 — but even selling half the business back onto the market at something close to the 2016 takeover price would represent an Alibaba Group Holding Ltd.-size share sale. That’s no easy task in the best of times; and given the signs of a deteriorating global economy there’s no guarantee that ChemChina could pull it off.That could help explain why the company was holding out hope for a merger, but it’s understandable that Sinochem isn’t keen to see its debt blown up by another business. Its net debt at the end of 2018 was about 5.4 times Ebitda — a tolerable number by the standards of state-owned Chinese giants. Adding ChemChina to that total would have pushed the figure up to 7.5 times, far more risky territory.No wonder the chemistry in this deal is lacking.To contact the authors of this story: David Fickling at dfickling@bloomberg.netNisha Gopalan at ngopalan3@bloomberg.netTo contact the editor responsible for this story: Rachel Rosenthal at rrosenthal21@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.Nisha Gopalan is a Bloomberg Opinion columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Does China Jinmao Holdings Group Limited's (HKG:817) Recent Track Record Look Strong?
    Simply Wall St.

    Does China Jinmao Holdings Group Limited's (HKG:817) Recent Track Record Look Strong?

    Assessing China Jinmao Holdings Group Limited's (SEHK:817) past track record of performance is a useful exercise for...

  • Why You Might Be Interested In China Jinmao Holdings Group Limited (HKG:817) For Its Upcoming Dividend
    Simply Wall St.

    Why You Might Be Interested In China Jinmao Holdings Group Limited (HKG:817) For Its Upcoming Dividend

    China Jinmao Holdings Group Limited (HKG:817) stock is about to trade ex-dividend in 3 days time. Investors can...

  • A Look At The Intrinsic Value Of China Jinmao Holdings Group Limited (HKG:817)
    Simply Wall St.

    A Look At The Intrinsic Value Of China Jinmao Holdings Group Limited (HKG:817)

    Today we'll do a simple run through of a valuation method used to estimate the attractiveness of China Jinmao Holdings...

  • China Jinmao Holdings Group Limited (HKG:817): Commentary On Fundamentals
    Simply Wall St.

    China Jinmao Holdings Group Limited (HKG:817): Commentary On Fundamentals

    I've been keeping an eye on China Jinmao Holdings Group Limited (HKG:817) because I'm attracted to its fundamentals...

  • Did You Miss China Jinmao Holdings Group's (HKG:817) Impressive 123% Share Price Gain?
    Simply Wall St.

    Did You Miss China Jinmao Holdings Group's (HKG:817) Impressive 123% Share Price Gain?

    The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...

  • Is China Jinmao Holdings Group (HKG:817) Using Too Much Debt?
    Simply Wall St.

    Is China Jinmao Holdings Group (HKG:817) Using Too Much Debt?

    The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

  • Could China Jinmao Holdings Group Limited (HKG:817) Have The Makings Of Another Dividend Aristocrat?
    Simply Wall St.

    Could China Jinmao Holdings Group Limited (HKG:817) Have The Makings Of Another Dividend Aristocrat?

    Dividend paying stocks like China Jinmao Holdings Group Limited (HKG:817) tend to be popular with investors, and for...

  • Reuters

    BRIEF-China Jinmao April Contracted Sales RMB 12,792.28 Mln

    May 6 (Reuters) - China Jinmao Holdings Group Ltd: * APRIL CONTRACTED SALES AMOUNT OF RMB12,792.28 MILLION Source text for Eikon: Further company coverage:

  • Reuters

    BRIEF-China Jinmao Holdings Group Posts March Contracted Sales of Rmb10,035 Mln

    April 3 (Reuters) - China Jinmao Holdings Group Ltd : * MARCH CONTRACTED SALES AMOUNT RMB10,035.43 MILLION Source text for Eikon: Further company coverage:

  • Reuters

    BRIEF-China Jinmao Holdings Group Posts FY Profit Attributable Of RMB5,210.9 Mln

    March 19 (Reuters) - China Jinmao Holdings Group Ltd : * FY PROFIT ATTRIBUTABLE RMB 5,210.9 MILLION VERSUS RMB3,977.7 MILLION * ANNOUNCES FINAL DIVIDEND OF 22.00 HK CENTS PER SHARE * FY REVENUE RMB 38,732.7 ...

  • Reuters

    BRIEF-China Jinmao Holdings Group Says Unit Enters Partnership Agreement

    March 18 (Reuters) - China Jinmao Holdings Group Ltd : * UNIT ENTERED INTO PARTNERSHIP AGREEMENT WITH JIAXING INVESTMENT AND SINOCHEM CAPITAL INVESTMENT * TOTAL SUBSCRIBED CAPITAL CONTRIBUTION FROM ALL ...

  • Reuters

    BRIEF-China Jinmao Holdings Group Posts February Contracted Sales RMB7,976.90 Mln

    March 7 (Reuters) - China Jinmao Holdings Group Ltd : * FEBRUARY CONTRACTED SALES RMB7,976.90 MILLION Source text for Eikon: Further company coverage:

  • Reuters

    BRIEF-China Jinmao Holdings Group Posts Jan Contracted Sales Of Rmb10.32 Bln

    Feb 11 (Reuters) - China Jinmao Holdings Group Ltd : * JAN CONTRACTED SALES RMB10,316 MILLION Source text for Eikon: Further company coverage:

  • Reuters

    BRIEF-China Jinmao Holdings Group Posts December Contracted Sales Of RMB14,188.96 Mln

    Jan 4 (Reuters) - China Jinmao Holdings Group Ltd: * DECEMBER CONTRACTED SALES AMOUNT OF RMB14,188.96 MILLION Source text for Eikon: Further company coverage:

  • Reuters

    BRIEF-China Jinmao Holdings Group Says Unit To Buy 33 Pct Stake In Kunming Qiping Real Estate

    Dec 27 (Reuters) - China Jinmao Holdings Group Ltd : * JINMAO TIANJIN ENTERS DEAL WITH SHENZHEN CHUANGQI, KUNMING OCT, CHINA RAILWAY REAL ESTATE & KUNMING QIPING REAL ESTATE * LAND COST OF PROJECT B IS ...

  • Reuters

    BRIEF-Jinmao (China) Hotel Investments And Management Enters Property Management Services Agreement

    Dec 21 (Reuters) - Jinmao (China) Hotel Investments and Management Ltd: * CO TO PROVIDE PROPERTY MANAGEMENT SERVICES TO MEMBERS OF CHINA JINMAO FROM 1 JAN 2019 TO 31 DECE 2021 Source text for Eikon: Further ...

  • Reuters

    BRIEF-China Jinmao Announces Entered Into Partnership Agreement

    Dec 17 (Reuters) - China Jinmao Holdings Group Ltd : * UNIT ENTERED INTO PARTNERSHIP AGREEMENT WITH JIAXING INVESTMENT, PICC PE AND BCEG INVESTMENT FOR FORMATION OF PARTNERSHIP * TOTAL SUBSCRIBED CAPITAL ...

  • Investing.com

    China Jinmao Issues ¥2B Medium-Term Notes to Boost Property Projects

    Investing.com - Real estate developer China Jinmao Holdings Group Ltd (HK:0817), a subsidiary of the state-backed conglomerate Sinochem Corporation, issued RMB2 billion perpetual medium-term notes on Thursday.