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On the morning of July 21st, China Evergrande Hong Kong stocks fell more than 15% during the intraday session.
The stock price has set its lowest level in history since May 2017, and its market value has fallen below 150 billion Hong Kong dollars
.
A notice of freezing 132 million yuan, a notice of Evergrande’s "Thunder"
freezing of 132 million yuan, Evergrande’s "Thunder"
On July 15, Evergrande announced that it would hold a board meeting on July 27 to discuss "special dividends" According to the news, Evergrande once rose by more than 13% on the 16th of the next day, and rose by more than 9.
5% at the close, ranking among the top real estate stocks
.
On July 19, China Guangfa Bank made a sudden heavy hand, and a lawsuit detonated the Evergrande capital market
.
According to the ruling of the Wuxi Intermediate People’s Court, China Evergrande was requested to freeze the bank deposits of Yixing Hengyu Real Estate Co.
, Ltd.
and Evergrande Real Estate Group Co.
, Ltd.
of RMB 132 million or seize and seize other assets of equivalent value.
.
The sudden shock made Evergrande Group unexpectedly hit.
Evergrande’s related stocks suffered successively, and bonds were also affected
.
On July 19, Hong Kong stocks of China Evergrande fell precipitously, with the largest decline of 16.
22%, and the market turnover reached 777 million Hong Kong dollars
.
Hengteng Network, Evergrande Property, and Evergrande Auto all fell more than 11%
.
On the afternoon of July 19, the emergency statement of Evergrande Group was long overdue
.
Evergrande Real Estate Group issued a statement on its official website stating that the company will sue according to law for the abuse of pre-litigation preservation by the Yixing branch of China Guangfa Bank
.
The statement showed that the project company Yixing Hengyu Real Estate Co.
, Ltd.
, a subsidiary of Evergrande Real Estate Group Jiangsu Branch, and China Guangfa Bank Yixing Sub-branch project loan 132 million have not expired
.
However, the majority of investors obviously did not buy into Evergrande's statement, and market pessimism continued to spread
.
Painted enterprises such as Dongfang Yuhong, Sankeshu and Nippon may be affected
Real estate is a downstream end user of the coatings industry.
Evergrande has been a leading real estate company for decades, and successive thunderstorms may have a certain impact on the coatings industry
.
On July 20, Dongfang Yuhong's stock price opened and moved lower again, and fell 5% during the intraday session
.
As of the close, the share price decline has narrowed, closing at 4.
18%, the stock price is 50.
66 yuan, the latest total market value of 127.
8 billion yuan
.
In the past three trading days, Dongfang Yuhong’s stock price has fallen for three consecutive days, with a cumulative decline of 8%.
Technically, it has shown a K-line pattern of “three crows”, and the Yinxian entity is getting bigger day by day, and the short position is strong, and the selling pressure is further Increase
.
So, what is the reason for the recent decline in Oriental Yuhong's share price? According to relevant analysis, one of the reasons may be the impact of the Evergrande incident
.
Evergrande’s stock fell sharply, and Dongfang Yuhong, as Evergrande’s equipment supplier, could not avoid it
.
At present, the market is more concerned about the issue of Dongfang Yuhong's payment, worrying that Dongfang Yuhong will be dragged down by the tight capital chain of real estate companies, which will affect the growth rate of future performance
.
Coincidentally, on June 29, Three Trees (603737.
SH) issued an announcement mentioning that many developers including China Evergrande (03333.
HK) had overdue notes, of which the amount of overdue notes from Evergrande reached 5137.
06 Ten thousand yuan
.
Regarding the content of the Sankeshu announcement, Evergrande stated that the bill has been redeemed this month
.
Evergrande’s response did not specify when the bill will be redeemed this month
.
On the evening of June 29, the relevant media contacted Zhu Qifeng, Vice President and Chief Financial Officer of Three Trees.
Zhu Qifeng replied that the bills had been redeemed in June this year, but he did not specify the specific time for redemption
.
Zhu Qifeng did not respond to why this announcement was issued in the case of bill redemption
.
Regarding Evergrande Real Estate Commercial Tickets, professionals responded that Evergrande Real Estate Commercial Tickets amounted to 205.
267 billion yuan, which is equivalent to the sum of more than ten real estate companies such as China Resources, Greenland, and Sunac.
.
Commercial bills are not only used to pay for the capital turnover of the upstream and downstream supply chains, but are also used for financing, discounting interest in exchange for cash, which is equivalent to issuing IOUs
.
The Three Trees incident is definitely not alone
.
It is reported that there are currently more than 8,000 upstream and downstream cooperative enterprises of Evergrande.
In addition to Oriental Yuhong and Three Trees, Nippon, Carbol, China Resources Coatings, Meitus, Asia Chuangneng and other coating companies as Evergrande suppliers , The cooperation relationship is close.
Once Evergrande’s cash flow breaks, it will inevitably affect the payment of Tu Qi
.
We will continue to pay attention to the follow-up impact
.
Regardless of the development of this thunderstorm, there is one fact that should be recognized.
The development trend of the real estate industry is no longer optimistic.
This may drive the slowdown of demand in the coatings industry, and it is urgent to find new demand
.
Disclaimer The content of this article is comprehensively sourced from The Paper, Sina Finance, Evergrande announcements, etc.
, edited by Ai Tubang.
Please indicate the source for reprinting
.
If it involves the content of the work, copyright and other issues, please contact this number in time, we will delete the content as soon as possible!
The stock price has set its lowest level in history since May 2017, and its market value has fallen below 150 billion Hong Kong dollars
.
A notice of freezing 132 million yuan, a notice of Evergrande’s "Thunder"
freezing of 132 million yuan, Evergrande’s "Thunder"
On July 15, Evergrande announced that it would hold a board meeting on July 27 to discuss "special dividends" According to the news, Evergrande once rose by more than 13% on the 16th of the next day, and rose by more than 9.
5% at the close, ranking among the top real estate stocks
.
On July 19, China Guangfa Bank made a sudden heavy hand, and a lawsuit detonated the Evergrande capital market
.
According to the ruling of the Wuxi Intermediate People’s Court, China Evergrande was requested to freeze the bank deposits of Yixing Hengyu Real Estate Co.
, Ltd.
and Evergrande Real Estate Group Co.
, Ltd.
of RMB 132 million or seize and seize other assets of equivalent value.
.
The sudden shock made Evergrande Group unexpectedly hit.
Evergrande’s related stocks suffered successively, and bonds were also affected
.
On July 19, Hong Kong stocks of China Evergrande fell precipitously, with the largest decline of 16.
22%, and the market turnover reached 777 million Hong Kong dollars
.
Hengteng Network, Evergrande Property, and Evergrande Auto all fell more than 11%
.
On the afternoon of July 19, the emergency statement of Evergrande Group was long overdue
.
Evergrande Real Estate Group issued a statement on its official website stating that the company will sue according to law for the abuse of pre-litigation preservation by the Yixing branch of China Guangfa Bank
.
The statement showed that the project company Yixing Hengyu Real Estate Co.
, Ltd.
, a subsidiary of Evergrande Real Estate Group Jiangsu Branch, and China Guangfa Bank Yixing Sub-branch project loan 132 million have not expired
.
However, the majority of investors obviously did not buy into Evergrande's statement, and market pessimism continued to spread
.
Painted enterprises such as Dongfang Yuhong, Sankeshu and Nippon may be affected
Real estate is a downstream end user of the coatings industry.
Evergrande has been a leading real estate company for decades, and successive thunderstorms may have a certain impact on the coatings industry
.
On July 20, Dongfang Yuhong's stock price opened and moved lower again, and fell 5% during the intraday session
.
As of the close, the share price decline has narrowed, closing at 4.
18%, the stock price is 50.
66 yuan, the latest total market value of 127.
8 billion yuan
.
In the past three trading days, Dongfang Yuhong’s stock price has fallen for three consecutive days, with a cumulative decline of 8%.
Technically, it has shown a K-line pattern of “three crows”, and the Yinxian entity is getting bigger day by day, and the short position is strong, and the selling pressure is further Increase
.
So, what is the reason for the recent decline in Oriental Yuhong's share price? According to relevant analysis, one of the reasons may be the impact of the Evergrande incident
.
Evergrande’s stock fell sharply, and Dongfang Yuhong, as Evergrande’s equipment supplier, could not avoid it
.
At present, the market is more concerned about the issue of Dongfang Yuhong's payment, worrying that Dongfang Yuhong will be dragged down by the tight capital chain of real estate companies, which will affect the growth rate of future performance
.
Coincidentally, on June 29, Three Trees (603737.
SH) issued an announcement mentioning that many developers including China Evergrande (03333.
HK) had overdue notes, of which the amount of overdue notes from Evergrande reached 5137.
06 Ten thousand yuan
.
Regarding the content of the Sankeshu announcement, Evergrande stated that the bill has been redeemed this month
.
Evergrande’s response did not specify when the bill will be redeemed this month
.
On the evening of June 29, the relevant media contacted Zhu Qifeng, Vice President and Chief Financial Officer of Three Trees.
Zhu Qifeng replied that the bills had been redeemed in June this year, but he did not specify the specific time for redemption
.
Zhu Qifeng did not respond to why this announcement was issued in the case of bill redemption
.
Regarding Evergrande Real Estate Commercial Tickets, professionals responded that Evergrande Real Estate Commercial Tickets amounted to 205.
267 billion yuan, which is equivalent to the sum of more than ten real estate companies such as China Resources, Greenland, and Sunac.
.
Commercial bills are not only used to pay for the capital turnover of the upstream and downstream supply chains, but are also used for financing, discounting interest in exchange for cash, which is equivalent to issuing IOUs
.
The Three Trees incident is definitely not alone
.
It is reported that there are currently more than 8,000 upstream and downstream cooperative enterprises of Evergrande.
In addition to Oriental Yuhong and Three Trees, Nippon, Carbol, China Resources Coatings, Meitus, Asia Chuangneng and other coating companies as Evergrande suppliers , The cooperation relationship is close.
Once Evergrande’s cash flow breaks, it will inevitably affect the payment of Tu Qi
.
We will continue to pay attention to the follow-up impact
.
Regardless of the development of this thunderstorm, there is one fact that should be recognized.
The development trend of the real estate industry is no longer optimistic.
This may drive the slowdown of demand in the coatings industry, and it is urgent to find new demand
.
Disclaimer The content of this article is comprehensively sourced from The Paper, Sina Finance, Evergrande announcements, etc.
, edited by Ai Tubang.
Please indicate the source for reprinting
.
If it involves the content of the work, copyright and other issues, please contact this number in time, we will delete the content as soon as possible!
