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    3333   KYG2119W1069

CHINA EVERGRANDE GROUP

(3333)
  Report
End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 01/20
1.8 HKD   +4.65%
12:42pEvergrande creditors raise threat of action over default
RE
12:12pPineBridge says "tiptoeing" into Chinese property dollar bonds
RE
08:02aEvergrande bondholder advisor says property firm has made contact
RE
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

China Evergrande shares hit 11-year low after firm says no guarantee it can meet repayments

12/05/2021 | 08:52pm EST

HONG KONG, Dec 6 (Reuters) - Shares of China Evergrande Group tumbled 12% to an 11-year low on Monday after the firm said there was no guarantee it would have enough funds to meet debt repayments, prompting Chinese authorities to summon its chairman.

The shares fell as a 30-day grace period on a coupon payment of $82.5 million due on Nov. 6 comes to an end on Monday.

Evergrande, once China's top-selling developer, is grappling with more than $300 billion in liabilities. A collapse could send shockwaves through the country's property sector and beyond.

In a filing late on Friday, Evergrande, the world's most indebted developer, also said it had received a demand from creditors to pay about $260 million.

That prompted the government of Guangdong province, where the company is based, to summon Evergrande Chairman Hui Ka Yan, and it later said in a statement it would send a working group to the developer at Evergrande's request to oversee risk management, strengthen internal controls and maintain normal operations.

In a series of apparently coordinated statements late in the evening, China's central bank, banking and insurance regulator and its securities regulator sought to reassure the market that any risks to the broader property sector could be contained.

Short-term risks caused by a single real estate firm will not undermine market fundraising in the medium and long term, the People's Bank of China said, adding that housing sales, land purchases and financing "have already returned to normal in China".

Evergraned's stock fell more than 12% to HK$1.98, its lowest since May 2010. (Reporting by Clare Jim; Editing by Anne Marie Roantree and Christopher Cushing)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CHINA EVERGRANDE GROUP 4.65% 1.8 End-of-day quote.13.21%
CHINA EVERGRANDE NEW ENERGY VEHICLE GROUP LIMITED 1.75% 4.06 End-of-day quote.15.34%
All news about CHINA EVERGRANDE GROUP
12:42pEvergrande creditors raise threat of action over default
RE
12:12pPineBridge says "tiptoeing" into Chinese property dollar bonds
RE
08:02aEvergrande bondholder advisor says property firm has made contact
RE
04:58aChina property shares, bonds rally on hopes govt measures will aid liquidity
RE
01/19China Mulls New Rules to Ease Property Developers’ Liquidity Crunch
MT
01/19Evergrande Transfers Stakes in Property Projects to Partners
MT
01/19No Evergrande fallout in Britain, says Bank of England
RE
01/19Chinese property developers face big debt maturities in 2022
RE
01/18Guangzhou Pharmaceutical Poised to Buy Back Soccer Club From Evergrande
MT
01/18Chinese lender to issue bonds for M&A in cash-strapped property sector
RE
More news
Analyst Recommendations on CHINA EVERGRANDE GROUP
More recommendations
Financials
Sales 2021 548 B 70 321 M 70 321 M
Net income 2021 9 661 M 1 241 M 1 241 M
Net Debt 2021 449 B 57 682 M 57 682 M
P/E ratio 2021 2,46x
Yield 2021 2,11%
Capitalization 23 768 M 3 053 M 3 053 M
EV / Sales 2021 0,86x
EV / Sales 2022 0,68x
Nbr of Employees 163 119
Free-Float 29,5%
Chart CHINA EVERGRANDE GROUP
Duration : Period :
China Evergrande Group Technical Analysis Chart | 3333 | KYG2119W1069 | MarketScreener
Technical analysis trends CHINA EVERGRANDE GROUP
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 8
Last Close Price 1,80 HKD
Average target price 5,64 HKD
Spread / Average Target 213%
EPS Revisions
Managers and Directors
Hai Jun Xia Vice Chairman & Chief Executive Officer
Shou Ming Shi President
Da Rong Pan Chief Financial Officer & Executive Director
Ka Yan Hui Chairman
Dong Feng Chen Head-Information
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