|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||14.98 - 14.98|
|52 Week Range||10.25 - 16.15|
|Beta (5Y Monthly)||1.08|
|PE Ratio (TTM)||7.88|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jun 06, 2018|
|1y Target Est||N/A|
Moody's Investors Service says that China Merchants Port Holdings Company Limited's (CMPH, Baa1 stable) tap offering on its existing USD400 million subordinated perpetual securities will not immediately affect the company's Baa1 issuer rating or the Baa2 rating on the perpetual securities issued under CMHI Finance (BVI) Co., Ltd. "The proposed tap offering will not materially increase CMPH's total debt because the company will use the proceeds to refinance the existing bridge loans used to fund its acquisition of certain terminals via Terminal Link," says Ralph Ng, a Moody's Assistant Vice President and Analyst.
Moody's Investors Service has assigned a Baa2 rating to the proposed subordinated perpetual securities to be issued by CMHI Finance (BVI) Co., Ltd, and guaranteed by China Merchants Port Holdings Company Limited (CMPH, Baa1 stable). CMPH will use the proceeds from the proposed issuance mainly to refinance existing debt.