Shares in Chinese developer Evergrande Real Estate have fallen sharply this month, dropping 11% from a high reached on 4 May.
Evergrande was a popular buy earlier in the year, but analysts have been cutting their ratings and target prices for the company recently, noting among other things its high leverage levels. They are also concerned about its diversification away from core activities.
The company has been one of the worst performing stocks in the Hang Seng index over recent days, with mainland shareholders in particular selling their shares.
