Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
Evergrande Shares Slump to a Multi-Year Low on Fresh Default Fears

Evergrande Shares Slump to a Multi-Year Low on Fresh Default Fears

Nick Cawley, Senior Strategist

Evergrande (3333) Prices, Charts, and Analysis

  • Evergrande inches closer to default
  • Shares continue to plummet.
Equities Forecast
Equities Forecast
Recommended by Nick Cawley
Get Your Free Equities Forecast
Get My Guide

A statement from beleaguered Chinese property giant Evergrande last Friday has sent the company’s shares tumbling to a fresh multi-year low over the weekend on renewed fears that the company is unable to pay its debts. The company’s statement said that in light of its current liquidity status, ‘there is no guarantee that the Group will have sufficient funds to perform its financial obligations’. Evergrande has been in the spotlight for months after it warned of a liquidity crisis servicing its estimated $300 billion of debts and with no progress made in finding a new source of funding, a default looks increasingly likely. Rating’s agencies Fitch and Moody’s slashed their outlooks for the company in September in line with levels typical of default.

With Evergrande now expected to be restructured, fears of a knock-on to other Chinese property groups are increasing. Today, Sunshine 100 China Holdings Ltd missed a $180 million payment of debt and interest payments, while the market will be watching closely to see if Kaisa Group Holdings Ltd can re-pay a $400 million bond maturing on Tuesday.

Evergrande Weekly Price ChartDecember 6, 2021

How to Short Sell a Stock When Trading Falling Markets

What is your view on Evergrande (3333) – can it survive?? You can let us know via the form at the end of this piece or you can contact the author via Twitter @nickcawley1.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.