Morningstar - China Evergrande Group (03333) New Morningstar Analyst Report for China Evergrande Group

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Morningstar

Phillip Zhong

EUR 100.00 For Business Accounts Only

New Morningstar Analyst Report for China Evergrande Group

Reflecting a structural slowdown of the property market, Evergrande made several acquisitions in the electric car space in an effort to diversify away from its main residential property development business. Earlier this year, the company, through its subsidiary, Evergrande Health, acquired a 51% stake in National Electric Vehicle Sweden for USD 930 million. The acquired entity holds assets and rights related to Saab Automobile. It also acquired 58% of a Chinese battery maker for CNY 1.06 billio...

27/03/2019 12 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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New Morningstar Analyst Report for China Evergrande Group

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

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

Sasol Provides Full-Year Production Update

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