Previous Close | 49.100 |
Open | 48.000 |
Bid | 47.950 x 0 |
Ask | 48.000 x 0 |
Day's Range | 47.200 - 50.000 |
52 Week Range | 22.400 - 62.900 |
Volume | 5,078,869 |
Avg. Volume | 6,583,867 |
Market Cap | 109.578B |
Beta (5Y Monthly) | 0.76 |
PE Ratio (TTM) | 21.69 |
EPS (TTM) | 2.213 |
Earnings Date | Mar 19, 2021 |
Forward Dividend & Yield | 0.45 (0.92%) |
Ex-Dividend Date | Jun 12, 2020 |
1y Target Est | 20.61 |
"The proposed issuance will not impact Zhongsheng's Baa3 issuer rating or the stable outlook, because most of the proceeds will be used to refinance existing debt, while the issuance will also improve the company's debt maturity profile," says Roy Zhang, a Moody's Vice President and Senior Analyst, and also Moody's Lead Analyst for Zhongsheng. Zhongsheng's Baa3 rating reflects its strong position in China's (A1 stable) auto dealership market, its large dealership network, favorable brand and market exposure and efficient operational management, which have contributed to its steady business performance. The rating also reflects Zhongsheng's sound financial profile, prudent financial policy and linkage with its strategic shareholder, Jardine Strategic Holdings Limited (Jardine Group, A1 stable).
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Zhongsheng Group Holdings Limited 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 assigned a first-time Baa3 issuer rating to Zhongsheng Group Holdings Limited. "The Baa3 rating reflects Zhongsheng's strong position in China's (A1 stable) auto dealership market, its large dealership network, favorable brand and market exposure and efficient operational management, which have contributed to its steady business performance," says Roy Zhang, a Moody's Vice President and Senior Analyst. "The rating also reflects Zhongsheng's sound financial profile, prudent financial policy and linkage with its strategic shareholder, Jardine Strategic Holdings Limited (Jardine Group, A1 stable)," adds Zhang.