Evergrande’s second-biggest shareholder, Chinese Estates Holdings, is selling its entire 6.5% stake in Evergrande with a loss of about $1.2 Billion.
There is speculation that the CCP will take control and restructure Evergrand.
Who are Evergrande’s biggest Bondholders and can they afford a significant loss from their Evergrande investments? Is a 1% portfolio exposure that big a deal?
Workforce participation crashes as lockdowns impact employment. While it will probably rebound like previous lockdowns, the real concern is economic scarring and people leaving the workforce for good.
The dividend premium has been taken off the price as it went ex-dividend.
Shares surge during the lockdown.
Fortescue shares surge on news of huge dividends, how high will they go?
Banks are continuing to hike interest rates even while the RBA keeps the cash rate flat. With the CBA increase the rates of both their 2 year and 4 year fixed home loans.
Is a second recession inevitable?
Central Banks have been spending trillions, let’s look at home many world-class companies they could buy in their entirety?