The Zhitong Finance App learned that after early repayment of HK$18.35 billion with its own funds, China Evergrande (03333) received strong support from many international investment banks and gave it a “buy” rating, with a target price of HK$24.6.

Deutsche Bank said that Evergrande 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's stock price surged 15.68% on January 19.