|Bid||0.0356 x 1980200|
|Ask||0.0606 x 1500000|
|Day's Range||0.0367 - 0.0367|
|52 Week Range||0.0367 - 0.0970|
|Beta (3Y Monthly)||3.70|
|PE Ratio (TTM)||3.67|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Moody's Investors Service says that the B2 corporate family rating and B3 senior unsecured rating of GCL New Energy Holdings Limited are not immediately affected by the announced co-operation intent agreement between GCL-Poly Energy Holdings Limited and China Huaneng Group Co., Ltd. GCL New Energy was 62.28% owned by GCL-Poly as of 4 June 2019. China Huaneng is one of the top five state-owned power generation companies, by installed capacity, in China.
Moody's Investors Service has downgraded GCL New Energy Holdings Limited's corporate family rating to B2 from B1, and its senior unsecured rating to B3 from B2. "The ratings downgrade reflects the combined effect of 1) GCL New Energy's tightened liquidity and a high level refinancing risk with sizable maturing debt in 2019, as well as 2020, and 2) continued uncertainty regarding the ongoing business model of the company under the asset light strategy," says Ivy Poon, a Moody's Vice President and Senior Analyst. Moody's estimates that GCL New Energy has RMB8.5 billion of debt maturing in 2019 and a further RMB6 billion in 2020.
Moody's Investors Service has downgraded GCL New Energy Holdings Limited's corporate family rating to B1 from Ba3 and the senior unsecured rating on its USD bond to B2 from B1. "The ratings downgrade reflects the deterioration in GCL New Energy's credit quality, driven by the weakening credit profile of its parent, GCL-Poly Energy Holdings Limited," says Ivy Poon, a Moody's Vice President and Senior Analyst. The heightened business and financial pressure arising from the challenging upstream industry environment has limited the ability of GCL-Poly to provide support for its subsidiary, GCL New Energy.
Moody's Investors Service has placed on review for downgrade the Ba3 corporate family rating (CFR) of GCL New Energy Holdings Limited and the B1 senior unsecured rating on its USD bond. "Our review of GCL New Energy's ratings reflects the continued pressure on its credit profile from the lingering credit weakness of its parent, GCL-Poly Energy Holdings Limited," says Ivy Poon, a Moody's Vice President and Senior Analyst. "On a standalone basis, GCL New Energy's business transformation strategy of an asset light model through asset disposals would improve its financial leverage, but uncertainty remains in the lengthy negotiation process associated with the disposals, against the backdrop of an evolving policy environment, as well as the structure of disposal transactions," adds Poon.
A look at the shareholders of GCL-Poly Energy Holdings Limited (HKG:3800) can tell us which group is most powerful. Institutions will often hold stock in bigger companies, and we expectRead More...
Moody's Investors Service has downgraded the corporate family rating (CFR) of GCL New Energy Holdings Limited to Ba3 from Ba2 and the senior unsecured rating on its USD bond to B1 from Ba3. The ratings outlook is negative. "The downgrade reflects the reduced ability of GCL-Poly Energy Holdings Limited, the parent company of GCL New Energy, to provide extraordinary support to GCL New Energy in times of need, due to the challenging operating conditions in the solar upstream sector," says Ralph Ng, a Moody's Assistant Vice President and Analyst.
Investors are always looking for growth in small-cap stocks like GCL-Poly Energy Holdings Limited (HKG:3800), with a market cap of HK$14.12b. However, an important fact which most ignore is: howRead More...
June 25 (Reuters) - GCL-Poly Energy Holdings Ltd: * UNIT GCL-POLY CAPITAL AND MITSUI TO ESTABLISH JV TO INVEST IN ENERGY AND INFRASTRUCTURE RELATED BUSINESSES IN PRC Source text for Eikon: Further company ...
June 21 (Reuters) - Shanghai Electric Group Co Ltd : * SAYS IT IS IN DISCUSSIONS OVER ITS PROPOSED ACQUISITION OF 51 PERCENT STAKE IN TECH FIRM OWNED BY GCL-POLY ENERGY * SAYS IT AGREES TO BUY ENTIRE DOMESTIC ...