Evergrande Stock Forecast

Shares in Evergrande dropped over 5 to HK1082 - their lowest level since March last year - before closing up 32 on Monday. The stock has lost 21 so far this year.

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Hong Kongs stock market was closed for a holiday on Thursday.

Evergrande stock forecast. Fitch Ratings cut Evergrande. Fitch Ratings - Hong KongShanghai - 22 Jun 2021. - China Evergrande announced on June 7 that it bought back 291 million shares worth a total of HK336 million 43 million according to a Hong Kong Stock.

Fitch Ratings has downgraded to B from B the Long-Term Foreign-Currency Issuer Default Ratings IDR of Chinese homebuilder China Evergrande. Evergrandes stock jumped 9 on the news rebounding from a four-year low and delivering a hit to short sellers who had piled into bearish bets in recent weeks. The companys shares and bonds had tumbled since the end of May after missed payments at Evergrande.

Evergrandes dollar note due 2025 remained steady at around 663 cents on the dollar after falling 13 cents Wednesday Bloomberg-compiled prices show.

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