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RTNominal unchange1.650 0.000 (0.000%)
Research Report

20/12/2021 17:11

{I-bank focus}Citi lowers Evergrande (03333) to HK$1.3

[ET Net News Agency, 20 December 2021] Citi lowered its target price for Evergrande
(03333) to HK$1.3 from HK$4 and maintained its "sell/high risk" rating.
The research house said it expects Evergrande to be loss-making in '21/22E, with est.
12-13% GPM after aggressive price cuts (RMB7k in Aug, vs. RMB9k in FY20) and with certain
properties being used to settle construction cost at a discount (payment in kind). (RC)

Remark: Real time quote last updated: 30/06/2022 17:59
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