Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00688 CHINA OVERSEAS
RTNominal up11.260 +0.640 (+6.026%)
Others

13/04/2018 14:56

China Overseas "BBB+: ratings affirmed; outlook stable

[ET Net News Agency, 13 April 2018] S&P Global Ratings affirmed its 'BBB+' long-term
issuer credit rating on China Overseas Land & Investment Ltd. (COLI)(00688). The outlook
is stable.
At the same time, the credit rating agency affirmed its 'BBB+' long-term issue rating on
the senior unsecured notes the company guarantees. S&P believes COLI will maintain its
market leadership in China, its strong execution capabilities, and high profitability.
These qualities will support strong sales in the next two years.
However, it expects the company's leverage to rise over the period due to rapid
expansion. It believes that COLI continues to command a strong market position,
underpinned by its established brand and good-quality land bank in China's higher-tier
cities.
The company has strengthened its land reserve through a portfolio acquisition from CITIC
Group in 2016, which added 31.5 million square meters of gross floor area (sqm GFA), and
recent active land replenishment. In 2017, COLI increased its land reserves to 63.8
million sqm GFA, from 56.7 million sqm in 2016 and 41.4 million sqm in 2015. (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.