There Are Now Just 14 Chinese Property Developers Who Have Still Not Defaulted - Who Are They?
Portfolio Pulse from Daniel Harrison
Two-thirds of Chinese property developers have defaulted on their offshore debt over the past year, with China SCE Group Holdings Ltd. being the latest. Country Garden Holdings Limited (OTC:CTRYF) is seeking to renegotiate debt terms with its offshore bondholders after missing a debt repayment. Only 14 out of 54 major developers have not defaulted yet, including Agile Group Holdings Ltd. (OTC:AGPPY), Shui On Land Ltd. (OTC:SOLLY), China Vanke Co. Ltd (OTC:CHVKF), Seazen Group Ltd. (OTC:SZENF), Sino-Ocean Group Holding Ltd. (OTC:SIOLY), and Longfor Group Holdings Ltd. (OTC:LGFRY).
October 10, 2023 | 2:29 pm
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Country Garden Holdings missed a debt repayment and is seeking to renegotiate debt terms with offshore bondholders.
The company's missed debt repayment and the need to renegotiate terms with bondholders indicate financial distress, which is likely to negatively impact the stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Agile Group Holdings Ltd. is among the 14 Chinese property developers that have not defaulted on their offshore debt.
While the company has not defaulted on its offshore debt, the overall trend in the Chinese property market could impact investor sentiment.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
China Vanke Co. Ltd is among the 14 Chinese property developers that have not defaulted on their offshore debt.
While the company has not defaulted on its offshore debt, the overall trend in the Chinese property market could impact investor sentiment.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Longfor Group Holdings Ltd. is among the 14 Chinese property developers that have not defaulted on their offshore debt.
While the company has not defaulted on its offshore debt, the overall trend in the Chinese property market could impact investor sentiment.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Sino-Ocean Group Holding Ltd. is among the 14 Chinese property developers that have not defaulted on their offshore debt.
While the company has not defaulted on its offshore debt, the overall trend in the Chinese property market could impact investor sentiment.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Shui On Land Ltd. is among the 14 Chinese property developers that have not defaulted on their offshore debt.
While the company has not defaulted on its offshore debt, the overall trend in the Chinese property market could impact investor sentiment.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Seazen Group Ltd. is among the 14 Chinese property developers that have not defaulted on their offshore debt.
While the company has not defaulted on its offshore debt, the overall trend in the Chinese property market could impact investor sentiment.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50