Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
03333 EVERGRANDE
RTNominal down15.700 -0.560 (-3.444%)
Others

21/09/2020 15:55

{I-bank focus}DBS raises Evergrande (03333) to HK$18.96

[ET Net News Agency, 21 September 2020] DBS Group Research raised its target price for
China Evergrande Group (03333) to HK$18.96 from HK$14.3 and maintained its "buy" rating.
The research house said deleveraging is the top priority of Evergrande, with the aim to
achieve Rmb150bn total debt reduction in FY2020-22 through presales promotion, cash
collection, and slower land acquisitions.
DBS estimated Evergrande has already tapped onto its new energy vehicle and property
management businesses via rounds of equity funding raising of up to HK$45bn in 2H.
The 70%-owned new energy arm is trading at a similar market cap as the company, implying
a distressed valuation for its property development business. (KL)

Remark: Real time quote last updated: 04/12/2020 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2020 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.