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China Evergrande Group (EGRNF)
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I am staying far away from EGRNF - It looks like it is going to drop off a cliff. I actually get way better stocks at (
New trader watchlist was published by these guys and it featured EGRNF. (
I must say crypto is the future and with the way BTC is climbing so high it is advisable to invest now.
Evergrande is turning into Everlittlé
I Loaded￼ up at the bottom ! 10x coming soon
Michael, jing,... we are on this link to hear about EGRNY stock. if you have nothing to contribute, then don't waste the space
Chain reaction ....
The problem is not only the company's unbelievable debts. The "" little people "" who had painstakingly saved the money for their own apartment are now faced with a pile of "" nothing "". The money was spent, but not for YOUR apartment, but for some other project, and no one knows where these infinite sums of debt actually went. Because Evergrande can no longer pay interest.
And as a chain reaction, in the event of Evergrande's insolvency, there is also the default in payment of all the companies that worked for Evergrande contracts in construction, planning, administration, etc. If these companies (subcontractors) also no longer receive any money for their work and orders that have already been completed, THESE ones also go bankrupt and their employees and workers no longer receive wages ....
No wages - no food or other purchases - and that money is ultimately lacking in the entire economy.
The iron and steel sector is already suffering from the disaster in the Chinese real estate sector. No new buildings also means no (less) demand for steel ...
The big iron ore mining companies such as Rio Tinto from Great Britain or Fortescue Metal Group from Australia have already lost immense value on the stock exchanges in the last few days, as the iron price has only been reduced by countering the high ore prices and the problems in the construction sector by Chinese policy a few weeks, has lost more than 50%.
Evergrande is not a bank like Lehman Brothers in the US that conjured up the financial crisis in 2008, but with a mountain of debt of 300 billion. Dollars, that cannot possibly be accomplished without major problems for the global financial markets.
In the world of finance and on the stock exchanges, there is far too much clinging to one another - and to one another ......
Julius Caesar - Renaissance
If you're looking to invest in China Evergrande Group it's better to wait and see what happens to its debt. My expectation: sale of its assets to cover the loands from banks with zero value remaining for shareholders.
Even if debt can be paid by selling some assets: what about the image of Evergrande?
Potential Chinese homeowners don't even want to buy a house of a near default real estate company even if they get major discounts compared to competitors - the image imposes another risk on top of the potential default risk. Best to avoid - have a look at the major Chinese players in tech: great balance sheet, great financials and growth, yet priced near all time low valuations as well.
Bearish on Evergrande Group (unless positive information comes out) - bullish on big Chinese tech.
Not sure why they allow this stock to trade any longer. For months now, the company has been defaulting on their repayments. Guaranteed bankrupt company.
Honestly this baffles me they keep going up on "good news". Good News: selling their stake in a bank for $1.55billion. They still owe over $300billion they still have way too much money to pay back.
All you need to know is the fluctuations of the market and set for yourself the exart entry plan and exit with proper risk management
My fellow Chinese,
1. It seems that China is Falling Victim to a quick rise of people who became millionaires and billionaires in a short period of time
2. Basically, Chinese "Millenials" and educated people want to move to big cities, borrow thousands of dollars to buy apartments, and be part of "The Chinese Dream"
3. Companies such as Evergrande, miscalculated the apartment demands, OVERESTIMATED, and people started borrowing money, making expensive down-payments, etc...
4. Resul: Imagine a Chinese person borrowing $500,000 or a million dollar to buy an apartment, and now the apartment is only worth $200,000
5. This means that Evergrande will not be able to sell apartments or will be forced to sell apartment at a 50% LOSS and also the people who borrowed a lot of money will default on their mortgages AND this means Banks will LOSE money and this means People and Stock holders will lose money and this means RETIREMENT PENSIONS and 401K investments will be affected and.... FINANCIAL CONTAGION of 2008 will blow up again
6. Conclusion: Be careful... Minimize exposure to Chinese companies. Move your money out of Chinese companies.
7. WATCH what BIG MONEY is doing: Cathie Wood has started minimizing her exposure to China....
It's interesting to me how many people conflate Alipay and $BABA. Alipay is actually a piece of Ant Financial. Alibaba owns a 33% stake in Ant Financial. Over the last year, Alibaba's core ecommerce business unrelated to Ant Financial has actually strengthened because regulation has improved its moat and has brought down Tencent's ability to wall off itself, $JD and $PDD.
Further, the cloud business is in its infancy, the AI and investment pieces inside Alibaba are often hidden, and rapid international expansion is going unnoticed.
The company has been fined and regulation has passed, balance sheet is super strong, and no detrimental ties to Evergrande $3333.HK $EGRNY $EGRNF.
There are major tailwinds: Ridiculously expensive US market, Wealth Management Connect opening HK's market to the mainland, a likely shift from real estate investment into other sectors, growing Chinese middle class and overall GDP.
Patient investors will be rewarded.
EGRNF is resuming completion of apartments with the government directing operations. There will be zero value left for shareholders. Cash in your capital loss. Getting $0.21 per share is better than zero.
JP Morgan estimates that many Chinese real estate giants, including the Evergrande Group in crisis, have billions of dollars in off-balance sheet debt.
1. Chairman Xu Jiayin MUST be arrested ASAP (before fleeing country)!
2. Assets of the whole Jiayin family MUST be freezed until disputes with over 70000 wealth product investor and over 1Million homebuyers are resolved!
sell all your shares sheeps... the crash is near... it is inevitable.
THOSE who seem to be of the blind opinion that Evergrande is a "" purely Chinese problem "" does not affect the western world, have just as much knowledge of the international financial markets and their macro - interrelationships as a guinea pig does about trading interest bonds. ..
There are simply absolutely no limits in the world of stock exchanges and banks these days. Of course, I hope it will never be the same again as it was in 2008. And China would certainly be hit hardest if its state policy were to be dented on such embarrassing mismanagement. Because in one way or another, EVERYTHING in China is connected to the state.
Anyone who doubts this should take a look at today's news in which China has classified all crypto currencies, trading in such currencies, mining and everything that is related to these currencies as criminal. The Bitcoin collapsed immediately, as did all other cryptocurrencies.
China did not "" invent "" Bitcoin, but as the second largest financial economy in the world it has the power to bring these currencies down, or at least to strongly influence their acceptance.
China with its 1.3 billion inhabitants cannot simply be narrowed down and viewed as a self-governing island. China is the largest buyer of raw materials and goods of all kinds. China managed to influence the iron ore price within a few weeks according to their wishes, and ultimately cut it in half. Australia and its mining companies Rio Tinto and Fortescue Metals Group suffered this painfully. Australia and China are currently far more than just "" unfriendly "" to each other. The threats are already given a military touch ...
These entanglements and economic interdependencies between states, and even if they are in critical condition like China and Australia and the USA, make the financial markets simply a global colossus that cannot be easily separated or divided.
Hopefully Evergrande gets the interest payments straight. However, as @@@ Black Moody said so beautifully, there are still just under $ 299.99 billion in debt on the counter .....
The only thing that the crises of 2008 and most recently the Covid pandemic have taught us is that suddenly there were incredibly cheap purchase prices for shares. And that the markets have recovered at warp speed from these stock market crashes .....
It's a laugh for me!
The "Western" nations with their "free" market NEVER allow most big companies that simply have too much debt to fail (US airlines for instance). But the communist China says "Hey, fix your problem in the market or go bankrupt".
To me, THAT is a true free and open market. Just because a company is big shouldn't protect them from consequences of mismanagement. If the big airlines would go bankrupt, there'd be new bankrupts half a decade later. This way, it's impossible for new (maybe better) players to ever get their chance.
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