|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||53.58 - 54.44|
|52 Week Range||38.00 - 59.92|
|Beta (5Y Monthly)||0.43|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.72 (3.44%)|
|Ex-Dividend Date||Aug 19, 2020|
|1y Target Est||N/A|
From the moment that a business traveller lands at Hong Kong International Airport, perhaps on Cathay Pacific flight CX252 from Heathrow, she becomes — by history and by choice — a captive of two companies. Both are founders of a Hong Kong economy that critics say concentrates too much commercial power in too few hands; both are still run by descendants of the founders; both are press-shy, conservative and, in the face of intensifying adversity, unswervingly confident.
"The proposed issuance will not impact Zhongsheng's Baa3 issuer rating or the stable outlook, because most of the proceeds will be used to refinance existing debt, while the issuance will also improve the company's debt maturity profile," says Roy Zhang, a Moody's Vice President and Senior Analyst, and also Moody's Lead Analyst for Zhongsheng. Zhongsheng's Baa3 rating reflects its strong position in China's (A1 stable) auto dealership market, its large dealership network, favorable brand and market exposure and efficient operational management, which have contributed to its steady business performance. The rating also reflects Zhongsheng's sound financial profile, prudent financial policy and linkage with its strategic shareholder, Jardine Strategic Holdings Limited (Jardine Group, A1 stable).
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Zhongsheng Group Holdings 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.