Morningstar - China Evergrande Group (03333) Drastic Changes to Presale Unlikely; Market Overreaction Provides Entry Point for Quality Developers

Report

Morningstar

Phillip Zhong

EUR 100.00 For Business Accounts Only

Drastic Changes to Presale Unlikely; Market Overreaction Provides Entry Point for Quality Developers

Chinese media outlets reported on Sept. 21 that the Guangdong Real Estate Association had issued a notice,Â "Emergency Notice on Opinions Regarding Pre-sales Permits for Commodity Housings." The notice referenced a document from the Ministry of Housing and Urban-Rural Development. The MOHURD document contains a paragraph requesting six provincial branches of MOHURD to provide comments on modifying the current presale practice. The current presale practice allows a developer to receive sales proce...

26/09/2018 13 EN

Underlying

China Evergrande Group

China Evergrande Group is an investment holding company. Through its subsidiaries, Co. is engaged in property development, property investment, property management, property construction and other property development related services in the People's Republic of China (which include resort complexes with hotels, sports arenas, and other tourist-related activities). Co.'s operations are organized along four business segments: property development, property investment, property management and other businesses. Co.'s other businesses include property construction and other property development related services.

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KYG2119W1069 Hong Kong Stock Exchange Cayman Islands

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Phillip Zhong

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Drastic Changes to Presale Unlikely; Market Overreaction Provides Entry Point for Quality Developers

CHINA EVERGRANDE sees a downgrade to Negative on account of less fundamental stars

China Evergrande Group: 1 director

Monthly LMI Update Independent Investment Research

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Sasol Provides Full-Year Production Update

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