Source: Financial Community Network

The Financial Community reported on January 20 that after early repayment of HK$18.35 billion with its own funds,EvergrandeIt received strong support from many international investment banks and gave it a “buy” rating. The target price was HK$24.6.

Deutsche BankEvergrande said it will continue to actively reduce its debt and expects sales to grow by 5-10% this year while promoting the steady development of other industries.

Huatai also believes that in order to further expand financing channels, Evergrande will seek more opportunities to split its high-quality business and go public in the next two years, bring in considerable cash flow, and further repair its balance sheet.

It is worth mentioning that due to early debt repayment, China Evergrande (3333.HK) stock price surged 15.68% on January 19.