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00708 EVERG VEHICLE

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0.208
-0.002-0.95%

Market Closed Jan 2 16:08 CST

2.26BMarket Cap-0.08P/E (TTM)

EVERG VEHICLE Stock Forum

Spinee

Oct 12, 2024 02:45

China is now willing and able to go on a deficit spending spree.

This totally drops the very conservative approach to fiscal stimulus.
Would be nice to get a figure for their plan to purchase unsold homes.
But overall very positive. They seem to have their eye on the ball and determined to bring it over the line for a touchdown.
$EVERG VEHICLE (00708.HK)$ $CG SERVICES (06098.HK)$ $NASDAQ Golden Dragon China (.HXC.US)$ $Global X MSCI China Consumer Discretionary ETF (CHIQ.US)$ $Hang Seng Index (800000.HK)$

Officials say the real estate market is bottoming out. What’s your view on China's property market?

Spinee

Sep 4, 2024 21:07

China Evergrande NEV suspends trading in Hong Kong after a 5% tumble, as its Shanghai subsidiary has been applied for bankruptcy review.
$EVERG VEHICLE (00708.HK)$ $BYD COMPANY (01211.HK)$ $NIO-SW (09866.HK)$ $Tesla (TSLA.US)$

Spinee

Aug 27, 2024 22:17

HSI Opens 26 pts Lower; BYD ebbed 0.3%

$Hang Seng Index (800000.HK)$ opened 26 points or 0.2% lower at 17,847. $Hang Seng China Enterprises Index (800100.HK)$ opened 16 points or 0.3% lower at 6,290. $Hang Seng TECH Index (800700.HK)$ opened 22 points or 0.6% lower at 3,478.
For autos, $XPENG-W (09868.HK)$ jumped up 2.3% after it launched mass market brand, with a selling price starting from nearly US$17,000. Its peer $LI AUTO-W (02015.HK)$ receded 7.6% to $77.6 as it will release results today. $BYD COMPANY (01211.HK)$ ebbed 0.3...

Spinee

Jun 27, 2024 22:26

Autos Wane

As for autos, $GEELY AUTO (00175.HK)$ , $BYD COMPANY (01211.HK)$ , $LI AUTO-W (02015.HK)$ and $NIO-SW (09866.HK)$ opened declining 0.9% to 1.6%, while $XPENG-W (09868.HK)$ slumped 3.4% at open. $EVERG VEHICLE (00708.HK)$ shareholders demanded to replace directors, removing Liu Yongzhuo and Qin Liyong. Its shares opened 2.4% higher at $0.435.

Spinee: HSI Descends 133 pts at Open as Techs

Spinee

Jun 27, 2024 01:30

Beijing is lowering the minimum down-payment ratio for buying a home to 20% from 30%, and for some second home buyers to 35% from 40%.
The city is also reducing the floor rate for a first-home mortgage to the loan prime rate (LPR) minus 45 basis points.
Beijing faces the worst oversupply among 30 major cities tracked by China Real Estate Information Corp. Its new home inventory needs 48.9 months to sell, CRIC estimated.
The capital’s new-home prices slumped 1.1% in May, the worst drop in...

Spinee

Jun 20, 2024 21:57

It is reported that Canada may follow the US and the EU to impose tariffs on Chinese electric vehicles. EV stocks $BYD COMPANY (01211.HK)$ and $LI AUTO-W (02015.HK)$ opened 0.3% and 1.3% lower. $NVIDIA (NVDA.US)$ 's share price receded, and chip stocks $SMIC (00981.HK)$ and $HUA HONG SEMI (01347.HK)$ opened falling 1% and 1.6%, while chip equipment stock $ASMPT (00522.HK)$ opened declining 2.4%.
China Evergrande Vehicle $EVERG VEHICLE (00708.HK)$ jumps over 40% in Hong Kong on...

Spinee: HSI Drops 136 pts at Open; SENSETIME Slumps 4.5%, as Chip & Tech Stocks Retreat

Chip stocks on the rise: Is buying in still a smart move?

Spinee

Jun 11, 2024 21:51

HSI Sags 143 Pts; Nio & XPeng Slip

$Hang Seng Index (800000.HK)$ opened 143 pts or 0.8% lower at 18,032; $Hang Seng China Enterprises Index (800100.HK)$ opened 41 pts or 0.7% lower at 6,410; $Hang Seng TECH Index (800700.HK)$ opened 31 pts or 0.8% lower at 3,724.
China Passenger Car Association (CPCA) said that passenger car exports fell 9% MoM last month. $GEELY AUTO (00175.HK)$ sagged 1.1%. $BYD COMPANY (01211.HK)$ and $LI AUTO-W (02015.HK)$ sagged 1.1%. $NIO-SW (09866.HK)$ and $XPENG-W (09868.HK)$ sagged...

Spinee

May 26, 2024 23:54

China Evergrande NEV jumped as much as 113% after trading resumption on Monday.

Evergrande NEV reached a preliminary agreement with an unidentified buyer who could take an initial 29% stake.
$EVERG VEHICLE (00708.HK)$ $EVERGRANDE (03333.HK)$ $BYD Company Limited (002594.SZ)$ $BYD COMPANY (01211.HK)$ $XPENG-W (09868.HK)$ $XPeng (XPEV.US)$ $Tesla (TSLA.US)$ $NIO-SW (09866.HK)$

Spinee

May 26, 2024 21:38

HSI Dips 2 Pts; NIO, XPENG, LI AUTO Boom

$Hang Seng Index (800000.HK)$ opened 2 pts or 0.02% lower at 18,606. $Hang Seng China Enterprises Index (800100.HK)$ opened 2 pts or 0.04% higher at 6,607. $Hang Seng TECH Index (800700.HK)$ opened 2 pts or 0.06% higher at 3,801.
$EVERG VEHICLE (00708.HK)$ announced potential transfer of its 29% stake with credit aid, having the trading in its shares resumed and opened 94.7% higher at $0.74. $EVERG SERVICES (06666.HK)$ , under the same series, opened 12.7% higher at $0.89. Hainan and Chon...

Spinee

Feb 6, 2024 00:12

Analyst:

Beijing needed to act faster to stem the erosion of confidence among domestic investors after slamming their real estate dreams. The inaction when it comes to direct stimulus (ie massive spending, consumer support) is a key sticking point w investors. This isn’t about foreign money manipulating Chinese markets. It’s more about domestic (and foreign) money giving up. Capitulation by the investing public despite govt reassurances of state fund buying. Can’t rule out a sharp bounce after s...