|Bid||268,500.00 x 0|
|Ask||270,000.00 x 0|
|Day's Range||268,500.00 - 271,000.00|
|52 Week Range||189,000.00 - 287,000.00|
|Beta (3Y Monthly)||0.50|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 12, 2019 - Nov 15, 2019|
|Forward Dividend & Yield||5,000.00 (1.85%)|
|1y Target Est||381,846.00|
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of SK E&S Co. Ltd. Hong Kong, July 31, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of SK E&S 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.
Asia's biggest oil consumers are flooding the region with fuel as refining output is exceeding consumption amid a slowdown in demand growth, pressuring industry profits. Since 2006, the Asia-Pacific has been the world's biggest oil consuming region, led by traditional industrial users South Korea and Japan along with rising economic powerhouses China and India. Car sales in China, the world's second-biggest oil user, fell for the first time on record last year, and early 2019 sales also remain weak, implying a slowdown in gasoline demand.
Moody's Investors Service has revised to negative from stable the outlook on the Baa2 issuer and Ba1 preferred stock ratings of SK E&S Co. Ltd. On 14 February 2019, SK Holdings Co., Ltd., the parent company of SK E&S, announced SK E&S' dividend of KRW671.5 billion, an amount which is much higher than the dividend range of KRW152.1 -- KRW265.5 billion paid during 2016-18, and higher also relative to Moody's rating expectation. Moody's believes the high dividend mainly takes into account SK E&S' improved operating results in 2018 and cash proceeds from the sale of its 49% stake in the Paju power plants in November 2018.