|Bid||4.6900 x 0|
|Ask||4.7000 x 0|
|Day's Range||4.6300 - 4.7100|
|52 Week Range||3.9500 - 5.1000|
|Beta (5Y Monthly)||0.58|
|PE Ratio (TTM)||13.13|
|Earnings Date||Apr 30, 2021|
|Forward Dividend & Yield||0.14 (3.13%)|
|Ex-Dividend Date||Jul 31, 2020|
|1y Target Est||6.54|
Rating Action: Moody's assigns first-time A1 rating to Zhejiang Port; outlook stableGlobal Credit Research - 26 Feb 2021Hong Kong, February 26, 2021 -- Moody's Investors Service ("Moody's") has assigned a first-time A1 issuer rating to Zhejiang Provincial Seaport Investment & Operation Group Co., Ltd. ("Zhejiang Port").Moody's has also assigned a Baseline Credit Assessment (BCA) of baa1 to Zhejiang Port. It is also the world third-largest container port.Zhejiang Port's market position is supported by its strong hinterland economy, excellent landside infrastructure and the connectivity of the port.
Moody's Investors Service has assigned an A1 backed senior unsecured rating to the proposed USD bonds to be issued by Shanghai Port Group (BVI) Development 2 Co., Limited, a wholly-owned subsidiary of Shanghai International Port (Group) Co., Ltd (SIPG, A1 stable). The notes will be irrevocably and unconditionally guaranteed by SIPG. SIPG plans to use the net proceeds mainly to refinance existing debt.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Shanghai International Port (Group) 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. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.