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
UOB
Nick Liu Sunliang ...
  • Shaun Tan
  • Ziv Ang Sze Champ

Property - Policy interpretation: Investment opportunities still exist in the property industry

This year's government work report has no special new ideas regarding real estate, which is basically consistent with the previous policies. However, "housing is not for speculation" has become a long-term policy. The real estate industry plays a key role in supporting the economy, especially in the current economic environment. We believe that real estate is still the main pillar of China's economy. Maintain OVERWEIGHT.

UOB
Nick Liu Sunliang ...
  • Shaun Tan
  • Ziv Ang Sze Champ

Property - Real estate data continues to reflect a pick-up

With effective control over the spread of the pandemic domestically, China’s real estate market is recovering with housing demand seeing a gradual pick-up. In a stable market, sales growth of large developers will continue to drive industry concentration. Also, sector policies will lead to the trend of the survival of the fittest, support the upgrade of housing consumption and maintain stability in the industry’s development. Maintain OVERWEIGHT on the property sector.

UOB
Greater China Research Team

Strategy - Alpha Picks: Greater China May Conviction Calls

The Chinese equity markets in Apr 20 saw the strongest monthly rebound since the beginning of 2020, but the uncertainties of the COVID-19 pandemic are still deterring the markets from a full recovery. We remain positive on the beneficiaries of policy support and durable themes, and focus on names with strong balance sheets and low dependence on global supply chains. Our key picks are Ausnutria Dairy, CEG, CIFI, JD.com and ZTE.

UOB
Nick Liu Sunliang ...
  • Shaun Tan
  • Ziv Ang Sze Champ

Property - Gradually recovering from COVID-19 impact

With the Covid-19 epidemic under control, the property market is recovering gradually while housing demand has rebounded. In a stable market, the improvement in large developers’ sales will continue to promote industry concentration. Also, signs of policy relaxation in the property market are strengthening to ensure stable industry development, which means long-term investment opportunities for big developers. Maintain OVERWEIGHT.

UOB
Nick Liu Sunliang ...
  • Shaun Tan
  • Ziv Ang Sze Champ

Property - 2019 results review: Long-term investment opportunities

Revenue from projects sold in 2017-18 was recognised in 2019, with developers’ revenue recognition usually seeing a lag of 2-3 years (from pre-sales to the carryover stage). Therefore, earnings of property developers in 2019 were still significant. Although developers have cut their sales targets for 2020 amid the current market conditions, policy loosening is still expected to take place. Maintain OVERWEIGHT.

UOB
Nick Liu Sunliang ...
  • Shaun Tan
  • Ziv Ang Sze Champ

Property - Policy interpretation: Investment opportunities still exist in the property industry

This year's government work report has no special new ideas regarding real estate, which is basically consistent with the previous policies. However, "housing is not for speculation" has become a long-term policy. The real estate industry plays a key role in supporting the economy, especially in the current economic environment. We believe that real estate is still the main pillar of China's economy. Maintain OVERWEIGHT.

UOB
Nick Liu Sunliang ...
  • Shaun Tan
  • Ziv Ang Sze Champ

Property - Real estate data continues to reflect a pick-up

With effective control over the spread of the pandemic domestically, China’s real estate market is recovering with housing demand seeing a gradual pick-up. In a stable market, sales growth of large developers will continue to drive industry concentration. Also, sector policies will lead to the trend of the survival of the fittest, support the upgrade of housing consumption and maintain stability in the industry’s development. Maintain OVERWEIGHT on the property sector.

UOB
Greater China Research Team

Strategy - Alpha Picks: Greater China May Conviction Calls

The Chinese equity markets in Apr 20 saw the strongest monthly rebound since the beginning of 2020, but the uncertainties of the COVID-19 pandemic are still deterring the markets from a full recovery. We remain positive on the beneficiaries of policy support and durable themes, and focus on names with strong balance sheets and low dependence on global supply chains. Our key picks are Ausnutria Dairy, CEG, CIFI, JD.com and ZTE.

UOB
Nick Liu Sunliang ...
  • Shaun Tan
  • Ziv Ang Sze Champ

Property - Gradually recovering from COVID-19 impact

With the Covid-19 epidemic under control, the property market is recovering gradually while housing demand has rebounded. In a stable market, the improvement in large developers’ sales will continue to promote industry concentration. Also, signs of policy relaxation in the property market are strengthening to ensure stable industry development, which means long-term investment opportunities for big developers. Maintain OVERWEIGHT.

UOB
Nick Liu Sunliang ...
  • Shaun Tan
  • Ziv Ang Sze Champ

Property - 2019 results review: Long-term investment opportunities

Revenue from projects sold in 2017-18 was recognised in 2019, with developers’ revenue recognition usually seeing a lag of 2-3 years (from pre-sales to the carryover stage). Therefore, earnings of property developers in 2019 were still significant. Although developers have cut their sales targets for 2020 amid the current market conditions, policy loosening is still expected to take place. Maintain OVERWEIGHT.

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
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

Increased risk weighs on CIFI HDG.(GROUP) CTD., penalising its rating down to Slightly Negative

The independent financial analyst theScreener just lowered the general evaluation of CIFI HDG.(GROUP) CTD. (HK), active in the Real Estate Investment Trusts industry. As regards its fundamental valuation, the title still shows 3 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date February 25, 2020, the closing price was HKD 5.98 and its target price was estimated at HKD 4.77.

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...

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