
Sept 30, 2021, 05:52
As of September 2021 Evergrande has a market cap of $5.20 Billion.
- Market capitalization of Evergrande (3333.HK)
It made $110bn in revenue last year and has assets of $355bn across 1,300 developments in dozens of cities.
. . .
More pertinently, it has liabilities that amount to a scarcely believable $306bn, which equates to a full 2pc of Chinese gross domestic product.
- Evergrande is not China’s Lehman moment – but it’s still scary
So according to the above, Evergrande has equity of $49bn, yet it's market cap. is currently only $5.2bn. So it's shares are an ABSOLUTE BARGAIN even before you consider revenues of $110bn last year which will be a source of profits. Anyone with loose change of $5.2bn could buy Evergrande, shut it down and sell off all the assets for an instant $44bn in profit.
And if $306bn is "scarcely believable", what about Poodleville's banksters who had debts of $2.9trn of which $1.9trn was owed by Royal Bank of Scotland alone. AND these were only their external liabilities; owed to other nations. AND this was several years ago when $1.9trn was a lot of money and RBS had just made the WORST loss in poodle history.
Evergrande has just made interest payments last Thursday and is due for some more today. So obviously it has no intention of defaulting. Yet, like the non-existent Toyota pedal fault which was featured on Dick West's "West Means BS" EVERY DAY for several weeks on end, Evergrande's supposed troubles continue to be hyped by the western propaganda rags. Clearly, they're desperate to distract from the impending collapse of the Great Satan quackonomy.
''AND this was several years ago..'' Exactly, this is old news and the banking system didn't fall off a cliff afterwards. What is happening to Evergrande is occurring now and I seriously doubt that homeowners who can't see the completion of their apartments do not view this situation as a ''distraction''.
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