Edition:
United States

Guangzhou R&F Properties Co Ltd (2777.HK)

2777.HK on Hong Kong Stock

12.32HKD
29 Mar 2017
Change (% chg)

HK$-0.12 (-0.96%)
Prev Close
HK$12.44
Open
HK$12.62
Day's High
HK$12.62
Day's Low
HK$12.22
Volume
8,908,800
Avg. Vol
6,933,283
52-wk High
HK$13.98
52-wk Low
HK$9.00

Latest Key Developments (Source: Significant Developments)

Guangzhou R&F Properties Co says co entered into Second Commitment Letter
Tuesday, 28 Mar 2017 04:49am EDT 

Guangzhou R&F Properties Co Ltd <2777.HK>: On 28 March 2017, company entered into Second Commitment Letter . Company agreed to provide a corporate guarantee in favour of bank for 25% of repayment obligations of borrower . Loan will be used by borrower to finance construction cost of its property project in Tianjin . Deal for principal amount of RMB3.0 billion .Borrower is Tianjin Jinnan Xincheng Real Estate Development Co.  Full Article

Guangzhou R&F Properties Co says FY net profit increased by 5 pct to RMB7.06 billion
Thursday, 9 Mar 2017 11:21pm EST 

Guangzhou R&F Properties Co Ltd <2777.HK>: FY net profit increased by 5% to RMB7.06 billion . Proposed final dividend of RMB0.70 per share . FY revenue increased by 21% to RMB53.73 billion . Proposed final dividend of RMB0.70 per share . "China growth is expected to remain relatively stable in 2017" . Group has set a contracted sales target of RMB73 billion for year .For second year running group met its full year contracted sales target, with contracted sales increasing to RMB60.9 billion.  Full Article

Guangzhou R&F Properties says group's contracted sales for Jan about RMB3.71 bln
Thursday, 9 Feb 2017 03:33am EST 

Guangzhou R&F Properties Co Ltd <2777.HK> :group's contracted sales for month of january 2017 amounted to approximately rmb3.71 billion.  Full Article

Guangzhou R&F Properties forms joint venture with Caesars in South Korea
Monday, 5 Dec 2016 04:37am EST 

Guangzhou R&F Properties Co Ltd -<2777.HK> : discloseable Transaction - Joint Venture With Caesars In Incheon, The Republic Of Korea . Group intends to fund its commitment for jv company from group's internal resources . Deal in relation to formation of a joint venture . r&f properties company limited, entered into agreement with caesars korea holding company, llc . Upon completion of initial closing, each of r&f (hk) and caesars will hold a 50% interest in jv company . agreement contemplates an initial equity contribution by each of r&f (hk) and caesars to jv company in amount of us$30.5mln .agreement contemplates potential further equity contributions by each of r&f (hk) and caesars in amount of up to us$110mln.  Full Article

Guangzhou R&F Properties says Nov contracted sales about RMB3.32 bln
Friday, 2 Dec 2016 03:39am EST 

Guangzhou R&F Properties Co Ltd <2777.HK> :group's contracted sales for month of november 2016 amounted to approximately rmb3.32 billion.  Full Article

Guangzhou R&F Properties says August sales RMB 5.69 bln<2777.HK>
Thursday, 1 Sep 2016 04:40am EDT 

Guangzhou R&F Properties Co Ltd <2777.HK>: Unaudited operating statistics for August 2016 <2777.HK> . August sales RMB 5.69 billion .  Full Article

Guangzhou R&F Properties HY total turnover increase by 76% to RMB22.39 bln<2777.HK>
Wednesday, 24 Aug 2016 12:14am EDT 

Guangzhou R&F Properties Co Ltd <2777.HK>: 2016 interim results announcement <2777.HK> . HY contracted sales increased by 44% to RMB29.79 billion . HY profit attributable to owners of the company of RMB 2.23 billion versus RMB 1.03 billion . HY total turnover increase by 76% to RMB22.39 billion . Says interim dividend per share of RMB0.30 . Group expects momentum in the sector to continue into the second half" . Says expect land banking to continue to be fairly active in the sector in the second half . Confident of achieving our contracted sales target for the full year" .  Full Article

Guangzhou R&F Properties says July contracted sales RMB 4.48 bln<2777.HK>
Monday, 1 Aug 2016 12:17am EDT 

Guangzhou R&F Properties Co Ltd <2777.HK>: Unaudited operating statistics for July 2016 <2777.HK> . July sales RMB 4.48 billion .  Full Article

R&F PROPERTIES updates on Unaudited operating statistics for month of May 2016<2777.HK>
Wednesday, 1 Jun 2016 12:11am EDT 

Guangzhou R&F Properties Co Ltd <2777.HK>: Unaudited operating statistics for May 2016 <2777.HK> . Says group's contracted sales for the month of May 2016 amounted to approximately RMB5.11 billion .  Full Article

More From Around the Web

Fitch: Guangzhou R&F's Results Demonstrates Deleveraging

(The following statement was released by the rating agency) HONG KONG, March 14 (Fitch) Fitch Ratings says Guangzhou R&F Properties Co. Ltd.'s (Guangzhou R&F, BB/Stable) leverage has fallen below the agency's expectations, according to the 2016 annual results. Leverage, as measured by net debt/adjusted net inventories, had improved to around 50% by December 2016 from 57% in June 2016 and 60% in December 2015. The level is high for its rating, but is sufficiently mitigated by a strong busines