China Evergrande 3333

Re: Evergrande Real Estate 3333

Postby winston » Fri May 29, 2015 1:51 pm

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<Research Report>CICC: EVERGRANDE Share Placement Hardly to Bring Down Huge Debt; Rated Sell

EVERGRANDE (03333.HK) announced a placement to raise $4.6 billion by issuing 820 million new shares at a price with nearly 18% discount to the last closing price.

CICC believed the issuance does not come as a surprise to the market and said that the issuance size is too small to significantly improve EVERGRANDE's fundamentals when compared to the RMB156 billion borrowings and RMB53 billion perpetuals by the end of 2014.

The broker maintained a Sell rating on EVERGRANDE, based on 55% discount to NAV of $7.97,

The target price was cut by 1% to $3.59.

Source: AAStocks Financial News
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Re: Evergrande Real Estate 3333

Postby winston » Wed Jun 17, 2015 7:48 am

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Shares of mainland developer Evergrande Real Estate Group (3333) fell 5.87 percent to HK$4.25 yesterday.

They have declined 40 percent in half a month.
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Re: Evergrande Real Estate 3333

Postby behappyalways » Fri Aug 05, 2016 6:58 pm

Evergrande has almost $6 in debt for every $1 of shareholder equity still left on the balance sheet, while Vanke has only 79 cents.
That situation will probably worsen now that Guangzhou-based Evergrande has spent 9.1 billion yuan ($1.4 billion) buying Vanke shares.

Nevergrande
http://www.bloomberg.com/gadfly/article ... anke-needs
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Re: Evergrande Real Estate 3333

Postby winston » Thu Sep 01, 2016 6:23 am

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Share price of Evergrande fell 6.9 percent yesterday to HK$5.36.

Bank of America Merrill Lynch is worried about the mainland property developer's 430 percent gearing ratio.

Interim profit fell 78 percent to 2 billion yuan (HK$2.32 billion).

BofAML expected Evergrande's net profit to be 10.5 billion and 16 billion yuan respectively in 2016 and 2017. But, the total long term and short term borrowings as of 30 June 2016 was 381 billion yuan.

Football fans should know Evergrande's team. They are the strongest team in the China league. They became Asia Champions in both 2013 and 2015.

China Evergrande Group paid 100 million yuan to buy Guangzhou Football Club in 2010. In 2014, Alibaba bought half of the stake for 1.2 billion yuan.

Source: Dr Check, The Standard
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China - Market Direction 02 (Jul 15 - Dec 16)

Postby behappyalways » Tue Oct 11, 2016 4:23 pm

Evergrande Becomes China's Largest Property Developer By Sales
http://english.caixin.com/2016-10-11/100995537.html
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Re: Evergrande Real Estate 3333

Postby behappyalways » Fri Mar 17, 2017 7:45 pm

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Re: Evergrande Real Estate 3333

Postby behappyalways » Mon Apr 24, 2017 6:08 pm

Evergrande Is Spending Its Way Home
https://www.bloomberg.com/gadfly/articl ... na-listing
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Re: Evergrande Real Estate 3333

Postby behappyalways » Tue May 02, 2017 10:54 am

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Re: Evergrande Real Estate 3333

Postby behappyalways » Fri Sep 25, 2020 11:41 am

Evergrande Warns of Looming Cash Crunch, Spooking Investors
https://www.bloomberg.com/news/articles ... emium-asia
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Re: Evergrande Real Estate 3333

Postby behappyalways » Mon Sep 28, 2020 4:29 pm

No One’s Too Big to Fail in China’s Property Market
https://www.bloomberg.com/opinion/artic ... nd=opinion
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