Evergrande Charts Show a Home Builder Dicing With Danger
- Total debt at the developer is still north of $100 billion
- Home-sales prices slip as authorities mull a pre-sales ban
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China Evergrande Group had to come back to Earth after last year’s stratospheric gains. The question now is exactly how bumpy that re-entry is going to get.
Big challenges loom for the giant developer: a debt burden north of $100 billion, potential restrictions on home pre-sales that are a key source of funding, and diminished room for the share buybacks that have historically been used to prop up Evergrande’s stock price.