China Evergrande Group – Are the Management’s Goals Achievable?

Predict. Do not extrapolate.

Following the 2019 financial report, China Evergrande announced the new goals of slashing debt by CNY 150bn a year through 2022, increasing sales to CNY 800bn in 2020 and CNY 1tn by 2022, and at the same time shrinking the company’s land reserve. Can these goals be achievable? If so, under what conditions? Are they achievable in the short-term or sustainably over the long-term?

Evergrande-goals (27 downloads)

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