$EVERGRANDE (03333.HK)$will try restructuring on Monday to reign in its default. They admitted Friday they cant pay Mondays loan due. One risk is that Beijing may not have a full picture of how indebted Evergrande and its peers have become. The Shenzhen-based developer indicated in its exchange filing on Friday that it may not be able to fulfill its pledge to guarantee payment on a $260 million note issued by joint venture Jumbo Fortune Enterprises, an obligation that many Evergrande investors didn’t even know existed until a few months ago. Bond investors have been anticipating an Evergrande restructuring for months, with the company’s 2025 dollar notes trading below 30 cents since the end of September. Money managers are bracing for a potential default by$KAISA GROUP (01638.HK)$, which faces a $400 million bond maturity on Tuesday after failing to swap the notes for new ones due 18 months later.
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八闽之子
:
It feels like you are a global stock market encyclopedia
Mcsnacks H Tupack
OP
Mr Trecherous
:
You really want to know why there’s a Supply crunch? Here it is: 25% of Chinas market, the housing sector, can’t payback their loans or finish building presold housing. These companies will Payback their countries loans before any foreign ones to do that tho they will have to raise prices on exports to astronomical levels which will then cause all foreign companies In China to close up and find cheaper places to manufacture their goods. It’s a domino of collapse. You can forget about getting any products From China after this month.
Mcsnacks H Tupack
OP
Mr Trecherous
:
The market is about to be F-Ed up! Companies that aren’t making profits or don’t have a lot of cash on hand or are under 5.00 will be wiped out of the stock market by February.
KAISAunveils repayment plan for wealth management products. KAISA says actively disposing of assets to collect funds to pay principal, due interest, and deferred interest of wealth management products. KAISAto pay 10% of due principal and interest in the month of maturity, and pay 10% every three months thereafter. For the deferred principal, deferred interest will be paid to the investor at the one-year benchmark commercial loan rate of 4.35%. $KAISA GROUP (01638.HK)$ $KAISA PROSPER (02168.HK)$
$KAISA GROUP (01638.HK)$$China Evergrande (ADR) (EGRNY.US)$A person with direct knowledge of the meeting said that Kaisa expressed the need for help to pay investors, workers and suppliers at a symposium attended by China’s State Council think tanks, banks and a number of real estate companies. The Federal Reserve said on Monday that China’s real estate industry is under pressure, partly because regulators are focusing on debt-laden companies and the tightening of global financial conditions, which may bring some risks to the US financial system. Article excerpted from the US Stock Research Agency
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siowcl
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SMIC has always been ignored by the United States...most of its operations are in China, so the impact is minimal...
KaisaGroup: Trading in shares of company will remain halted. Shenzhen Jinheng Wealth Management issued certain wealth management products and did not redeem such products when they become due. Company has provided certain guarantee for payment. $KAISA GROUP (01638.HK)$
S&P and Fitch downgraded #Kaisa, a China-based integrated property developer to CCC+, S&P says Kaisa's capital structures are unsustainable given the company's sizable near-term debt maturities, weakening liquidity, and inadequate free cash flow through 2022. $KAISA GROUP (01638.HK)$ Kaisa Group in Hong Kong plunges as much as 15% to a fresh record low. Kaisa's dollar bond due December 7 falls 8 cents to 50 cents.
Dividend stocks are stocks of companies in the HK stock market that regularly distribute dividends to shareholders, generally representing stable businesses. Information is provided by Futu and is a non-exhaustive list of all thematic stocks for reference purposes only.
This section presents the top 5 stocks in HK dividend stocks, ranked from highest to lowest based on real-time market data. Dividend stocks are stocks of companies in the HK stock market that regularly distribute dividends to shareholders, generally representing stable businesses. Information is provided by Futu and is a non-exhaustive list of all thematic stocks for reference purposes only.
This section presents the top 5 stocks in HK dividend stocks, ranked from highest to lowest based on real-time market data.
Venture118 : Nothing concrete, I’m not surprised…. Continue like tis may go back to last low
天府山林 : China to almost double support for unfinished housing projects to $737 billion
【官方定调,房地产终于触底】https://www.backchina.com/news/2024/10/18/939490.html
103725026 : What happened?
103725026 : Oh, no movement.