The Business Times
business-time-50
SUBSCRIBERS

Evergrande profit surge brings share price gains to almost 400%

google-preferred-sourceAdd BT as a preferred source
Published Tue, Aug 29, 2017 · 09:50 PM

Hong Kong

CHINA Evergrande Group, the developer targeted by shortsellers this year for its high debt levels, resumed a run of share price gains after reporting a surge in profit and announcing a shift to a low-debt strategy.

The shares rose as much as 7.2 per cent in Hong Kong on Tuesday.

TRENDING NOW

Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

Electric vehicles and the changed dynamics of mainstream and luxury car segments mean Certificates of Entitlement should not be used to classify cars.

Is it time to scrap COE categories for cars? 

Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

Court documents showed the largest sum of money Benjamin Chung Hiang Wee took was from his uncle, an odd-job worker.

Former manager with DBS Bank admits cheating 7 victims, including his uncle, of over S$1 million

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More