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4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  China Evergrande Group    3333   KYG2119W1069

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China Evergrande : 2017.08.15Evergrande achieves strategic cooperation with McDonald's (China)

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09/13/2017 | 09:32am CEST

On August 14th, Evergrande signed a long-term strategic cooperation agreement with McDonald's (China), Hui KaYan, chairman of the board of Evergrande, Xia Haijun, vice-chairman of the board & president of Evergrande, Shi Shouming, executive vice president of Evergrande & president of Evergrande Real Estate Group, Zhen Litao, executive vice president of Evergrande, Chang Zhenmin, chairman of China CITIC Group, Zhang Youjun, assistant GM of CITIC Group and chairman of CITIC Securities, Sun Deshun, president of CITIC Bank, and Zhang Yichen, chairman of CITIC Capital & chairman of the board of McDonald's (China) attended the signing ceremony.

According to the agreement, McDonald's will open McDonald's restaurants in Evergrande's nationwide property projects and Evergrande will give priority to McDonald's site selection. The parties will use their respective advantages in brand, scale, cost, network channels, industrial capital and human resources to complement each other and join forces.

Guests attending this event included Shi Junping, Li Guodong, Li Zhi, vice presidents of Evergrande, Guo Danghuai, Yang Yu, vice presidents of CITIC Bank, Chen Xuying, chief inspector of CITIC Bank, Lv Tiangui, president of CITIC Bank Credit Card Center, Zhang Jiayin, CEO of McDonald's (China), Li Weishi, CEO of McDonald's HK and etc.

China Evergrande Group published this content on 15 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 September 2017 07:31:12 UTC.

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Financials ( CNY)
Sales 2017 343 B
EBIT 2017 80 199 M
Net income 2017 27 077 M
Debt 2017 307 B
Yield 2017 2,22%
P/E ratio 2017 13,48
P/E ratio 2018 10,39
EV / Sales 2017 1,92x
EV / Sales 2018 1,33x
Capitalization 351 B
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Mean consensus HOLD
Number of Analysts 20
Average target price 19,3  CNY
Spread / Average Target -28%
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NameTitle
Hai Jun Xia Vice Chairman & Chief Executive Officer
Ka Yan Hui Chairman
Darong Pan Chief Financial Officer & Executive Director
Dong Feng Chen Head-Information
Miao Ling He Executive Director & Vice President
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