|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||21.37 - 21.37|
|52 Week Range||21.37 - 29.58|
|Beta (5Y Monthly)||0.89|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.55 (7.24%)|
|Ex-Dividend Date||Oct 09, 2020|
|1y Target Est||N/A|
Announcement: Moody's: Proposed joint restructuring of ChemChina and Sinochem is credit positive; no immediate rating impactGlobal Credit Research - 07 Apr 2021Hong Kong, April 07, 2021 -- Moody's Investors Service says that the upcoming joint restructuring of China National Chemical Corporation Limited (ChemChina, Baa2 stable) and Sinochem Group (Sinochem) through a merger is credit positive for ChemChina and Sinochem Hong Kong (Group) Company Limited (Simochem HK, A3 stable), an integral subsidiary of Sinochem with a credit profile closely linked to the parent. The planned joint restructuring does not pose any immediate rating impact, pending more details of the plan.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of China Jinmao Holdings Group 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. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Moody's Investors Service has assigned an A3 rating to the proposed senior unsecured USD notes to be drawn down under the $10 billion medium-term note (MTN) program issued by Sinochem Offshore Capital Company Limited (SOCC) and guaranteed by Sinochem Hong Kong (Group) Company Limited (Sinochem HK, A3 stable). Moody's has also assigned a Baa1 rating to the proposed subordinated perpetual securities to be drawn down under the MTN program.