|Bid||0.9700 x 500000|
|Ask||1.0400 x 500000|
|Day's Range||0.9700 - 0.9700|
|52 Week Range||0.9300 - 1.5300|
|Beta (5Y Monthly)||0.58|
|PE Ratio (TTM)||2.83|
|Forward Dividend & Yield||0.06 (6.18%)|
|Ex-Dividend Date||Sep 29, 2020|
|1y Target Est||N/A|
Moody's Investors Service has assigned a Ba2 (hyb) rating to Chong Hing Bank Limited's proposed USD-denominated, perpetual, non-cumulative and subordinated Additional Tier 1 (AT1) securities with point of non-viability loss absorption features to be drawn down under the medium-term note program. The AT1 securities rating reflects (1) Chong Hing Bank's Baseline Credit Assessment (BCA) and adjusted BCA of baa2; (2) Moody's Advanced Loss Given Failure (LGF) analysis; and (3) Moody's assumption of a low probability of government support for loss-absorbing instruments, resulting in no rating uplift. Chong Hing Bank is subject to Hong Kong's Financial Institutions (Resolution) Ordinance, and Moody's considers Hong Kong an operational resolution regime.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Chong Hing Bank 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.
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