|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||19.84 - 19.84|
|52 Week Range||18.02 - 30.85|
|Beta (5Y Monthly)||0.72|
|PE Ratio (TTM)||4.05|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Sep 03, 2019|
|1y Target Est||N/A|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Lifestyle International 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.
"The downgrade reflects our expectation that Lifestyle's net leverage will stay elevated over an extended period, due to increased investment in financial assets and significantly reduced earnings and cash flow amid the coronavirus pandemic and economic downturn," says Gloria Tsuen, a Moody's Vice President and Senior Credit Officer. The rating also reflects the company's high revenue concentration, moderate scale, and the development and business risks associated with the Kai Tak project. Lifestyle's adjusted net debt/EBITDA, including 50% of listed short-term financial assets (except disclosed high-yield bonds), rose to around 7.6x on an annualized basis in H1 2020 from 3.5x in 2019 as a result of increased net debt and significantly reduced earnings.
Today we are going to look at Lifestyle International Holdings Limited (HKG:1212) to see whether it might be an...