|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||7.76 - 7.76|
|52 Week Range||7.76 - 7.76|
|Beta (5Y Monthly)||1.14|
|PE Ratio (TTM)||6.69|
|Forward Dividend & Yield||0.13 (1.73%)|
|Ex-Dividend Date||May 25, 2021|
|1y Target Est||N/A|
On the other hand, the company's standalone credit profile is constrained by its moderate financial metrics.The proposed issuance will not have an immediate impact on Sino-Ocean's Baa3 issuer rating or stable outlook, because the proceeds will be used by the company mainly to refinance debt.Moody's expects Sino-Ocean's adjusted debt leverage, as measured by revenue/adjusted debt, to recover to around 67%-68% over the next 12-18 months from 66% in 2020. This will be driven by revenue growth on the back of strong contracted sales over the past two years and controlled debt growth by slowing land acquisitions.Similarly, Moody's expects Sino-Ocean's EBIT/interest to increase to 2.7x-2.8x over the next 12-18 months from 2.6x in 2020.The two notches of uplift reflect Moody's expectation that China Life will continue to consider Sino-Ocean as a strategic investment and provide financial support to the company.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Sino-Ocean Group Holding 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.