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China Evergrande Group (3333)

Hong Kong
Currency in HKD
Disclaimer
0.16
0.00(0.00%)
Delayed Data

3333 Price Commentary

Evergrande has been granted a temporary adjournment in a liquidation petition until 29th January. This extension provides the company with additional time to finalize an updated plan for the restructuring of its offshore debt.
It looks like Xi has had enough of the pain in the real estate market for now. While thinking about a plan that would let banks give these 50 property companies unsecured loans for the first time, regulators are making a list of the companies that can get help from banks.
More time was unexpectedly granted to reach an agreement with creditors to restructure its liabilities.
Next month resolved . Rebound rigorously. Fund giant BlackRock and investment banks HSBC and UBS were among the largest buyers of the debt of embattled Chinese real estate developer Evergrande Inc, Morningstar data shows.
According to Deloitte, the average recovery rate for the company's notes would be 3.4% if the company goes bankrupt, but 22.5% if it is restructured, according to the developer's lawyer earlier this year.
Usd30+ ---> 24cents... Keep some
Complete all offshore debts restructuring by January 2024. Then there would be a significant increase.
US$30+ per share in 2017, now 24cts, grab
An anticipated economic recovery and the release of pent-up housing demand would trigger a turnaround next year, according to Zhang Yadong, chairman of the Hangzhou-based company, who told reporters in a media briefing on Tuesday.
Greentown China Holdings, one of the few bright spots in the mainland's beleaguered real estate sector, has forecast a rebound in home construction and sales in the second half of 2024.
~usd30 to ~24cents, just keep some... It could jump to usd1 if offshore debt restructuring is successfully done
According to the statement and state media Xinhua, the maximum term of personal home loans will be raised from 25 years to 30 years. The floor rate of new mortgages issued by commercial banks after December 15 will also be lowered.
Keep until 2024, Chinese developer Greentown China Holdings, one of the few bright spots in the mainland's beleaguered real estate sector, has forecast a rebound in home construction and sales in the second half of 2024.
The United States Federal Reserve's (Fed) signals of interest rate cuts next year may encourage international investors to reallocate their funds to China in search of higher returns.
In November, China's industrial production grew faster than expected. This means that manufacturing output stayed the same, even though demand in China and around the world kept going down.
Must buy at current fire sale price
Creditors would agree to restructuring without liquidation. The developer's lawyer said earlier this year that Deloitte estimated the recovery rate for the company's notes would be 3.4% on average if the firm is liquidated compared with 22.5% in a restructuring.
Target at least 0.50 upon reaching agreement with creditors
Evergrande can ultimately reach a restructuring deal with these creditors to avoid liquidation.
 A liquidation would also throw a major spanner into completing the company’s many stalled projects, leading some to suggest Beijing might eventually step in to sort things out.
bankruptcy stock
Thoughts?
from trough to recovery stage, best time to enter
recovery started. easier home ownership, lower down payment, lower mortgage rate, personal tax rebate, etc
further booster, Bank of Communications, China’s fifth-largest bank, is poised to cut mortgage rates, answering Beijing’s call to make homes more affordable and help arrest a multi-month slump in the nation’s housing market. Rival lenders could follow in lockstep, analysts said
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