|Bid||352.00 x 0|
|Ask||354.00 x 0|
|Day's Range||344.00 - 354.00|
|52 Week Range||260.00 - 388.00|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 30, 2018 - Aug 3, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||380.50|
Moody's Investors Service has assigned a backed senior unsecured rating of B2 to the proposed senior unsecured notes to be issued by Alam Synergy Pte. Ltd. The proposed notes are guaranteed by Alam Sutera Realty Tbk (P.T.) (B2 negative) and most of its subsidiaries and rank pari passu with the 2020 notes and 2022 notes. Alam Sutera will use the net proceeds from the proposed issuance towards partial refinancing of its 2020 notes and general corporate purposes. "The rating on the notes is in line with Alam Sutera's B2 corporate family rating, as the proposed notes are not exposed to either legal or structural subordination risk," says Jacintha Poh, a Moody's Vice President and Senior Credit Officer.
Moody's Investors Service says that Indonesia's (Baa2 stable) broadly sound economic fundamentals and strengthened policy framework are containing credit risks associated with the rupiah's recent decline, but additional currency weakness would have economy-wide credit-negative effects, especially given the government and corporate sector's reliance on external funding. "While the rupiah's decline to date has a limited credit impact, further currency declines could have economy-wide credit-negative effects. Additional depreciation in the rupiah would push up debt and debt-servicing costs, exacerbate external vulnerability, and add to inflationary pressures.
Moody's Investors Service has affirmed the B2 corporate family rating of Alam Sutera Realty Tbk (P.T.) and affirmed the B2 backed senior unsecured rating of the 2020 notes and 2022 notes issued by Alam Synergy Pte. Ltd., a wholly owned subsidiary of Alam Sutera. The notes are guaranteed by Alam Sutera and most of its subsidiaries.
Moody's Investors Service says that all but five of the 49 rated South and Southeast Asian high-yield non-financial companies have protection in place against a significant rise in debt levels or borrowing costs, or a contraction in EBITDA, if their local currencies were to depreciate up to 15% against the US dollar. "Twenty-seven companies generate nearly all of their revenues in US dollars or have contracts priced in US dollars providing natural hedges that limit the risk of local currency depreciation against the US dollar," says Annalisa DiChiara, a Moody's Vice President and Senior Credit Officer.