|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||74,200.00 - 76,800.00|
|52 Week Range||74,200.00 - 183,500.00|
|Beta (5Y Monthly)||0.50|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 07, 2020 - May 12, 2020|
|Forward Dividend & Yield||3,800.00 (5.08%)|
|Ex-Dividend Date||Dec 27, 2019|
|1y Target Est||261,046.00|
Moody's has decided to withdraw the rating for its own business reasons. Please refer to the Moody's Investors Service Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com. For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this credit rating action, and whose ratings may change as a result of this credit rating action, the associated regulatory disclosures will be those of the guarantor entity.
As South Korea's coronavirus cases leapt above 5,000 this week, mask-wearing workers at a logistics centre run by e-commerce firm Coupang Corp raced to disinfect trucks and load thousands of boxes of microwavable rice, disposable diapers and kitchen towels. Now as the country emerges as critical hotspot in the global epidemic with the most cases outside China, its shift to online shopping is only gathering speed. Coupang, which has secured $3 billion in investment from SoftBank and its Vision Fund, has seen deliveries climb to 3 million daily since mid-February from around 2.2 million per day late last year.
EBay Inc is looking to sell its South Korean unit, which includes Gmarket, one of the largest online marketplaces in the country, in a deal that could fetch nearly $5 billion, a Seoul-based newspaper reported on Tuesday. The Korea Economic Daily, citing an unnamed industry official, reported that eBay has decided to sell 100 percent of its stake in eBay Korea. Possible buyers include other South Korean retail giants such as Lotte Shopping, Shinsegae, and Hyundai Department Store Group, as well as private equity funds like MBK, the country's largest private equity firm, the newspaper reported.
BEIJING/SEOUL, Feb 25 (Reuters) - As the coronavirus epidemic keeps hundreds of millions of Chinese stuck at home, they're shopping online to stave off boredom with games for Nintendo's Switch console, yoga mats, books and condoms all showing big jumps in orders. Many malls and stores remain shut and sales of cars and smartphones are crumbling, but demand for health, entertainment and cosmetics products is buoyant, according to data from e-commerce giant Alibaba Group - a potential boon for popular brands such as Lululemon and L'Oreal. Nintendo's Ring Fit Adventure game for the Switch console, which combines exercise and role playing, has been a star performer, with sales more than quadrupling in the two weeks to Feb. 20 compared to normal levels, according to Alibaba.
At the same time, Moody's has affirmed the company's Baa3 issuer rating. "The change in outlook to negative reflects our expectation that Lotte Shopping's financial leverage will remain elevated over the next 1-2 years, after weakening significantly in 2019," says Wan Hee Yoo, a Moody's Vice President and Senior Credit Officer. Moody's estimates that Lotte Shopping's adjusted net debt/EBITDA increased to 6.1x in 2019 (5.8x excluding one-off expenses in H2 2019) from 4.6x in 2018 because of weakened earnings, increased net debt and the implementation of new accounting standards; with the change in standards having the effect of increasing the company's adjusted net debt/EBITDA by around 0.5x-0.7x.
Lotte Group founder Shin Kyuk-ho, who started manufacturing chewing gum in 1948 in Japan and built the business into South Korea's No.5 conglomerate with interests ranging from retail to chemicals, died on Sunday, the company said. Lotte was founded in 1948 as a chewing gum maker in Japan by Shin, who moved to the neighboring country when the Korean peninsula was under Japanese colonial rule.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Lotte Shopping Co., Ltd. Hong Kong, October 11, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Lotte Shopping Co., Ltd. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Moody's Investors Service has affirmed Lotte Shopping Co., Ltd.'s Baa3 issuer rating. "The rating affirmation reflects our expectation that Lotte Shopping's credit quality will remain broadly stable and within the parameters of a Baa3 rating over the next 1-2 years, as higher debt levels will be largely offset by an increase in earnings," says Wan Hee Yoo, a Moody's Vice President and Senior Credit Officer. Compared to its hypermarket business, Lotte Shopping's department store business should be better placed to fend off increased competition from the e-commerce industry.