Original title: Combating investment in common stocks favors Evergrande's stock price surged 14.8% Source: Financial sector website

On September 30, China Evergrande (3333.HK) once again experienced a sharp rise. By the close of the day, it had risen 14.8% to HK$18.94.

The strong overall investment of 130 billion dollars is the catalyst for the collective surge in Evergrande stock today. On the 29th, Evergrande Real Estate signed a supplementary agreement with the 86.3 billion war investment out of the 130 billion war investment. The war investment agreed to switch to long-term common equity holdings, and the share ratio remained unchanged. Of the remaining 43.7 billion yuan investment, Evergrande has already completed negotiations with the 15.5 billion war investment. Currently, the formalities are being processed. The 28.2 billion war investment is under discussion, so the chances of reaching an agreement are quite high.

In addition, Evergrande also recently announced the latest business situation. As of September 24, it had cumulative sales of 504.9 billion yuan and sales repayment of 452.1 billion yuan. Interest-bearing debt had decreased by about 53.4 billion yuan compared to the end of March. Its steady financial performance can be seen.

At least 11 international investment banks, including Deutsche Bank, J.P. Morgan, Lyon, Bank of America, Nomura, Barack, DBS, Lianchang, Huatai, UBS, and Standard Chartered Bank, have also voiced their optimism about Evergrande, with a target price of HK$23.