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MarketScreener Homepage  >  Equities  >  Shanghai Stock Exchange  >  China State Construction Engineering Corporation Limited    601668   CNE100000F46

CHINA STATE CONSTRUCTION ENGINEERING COR

(601668)
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China State Construction Engineering : Top Three Rating Agencies Gave China State Construction Stable Outlook

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10/11/2019 | 08:57pm EDT

HONG KONG, Oct 12, 2019 - (ACN Newswire) - - On October 11th 2019, Fitch Ratings affirmed China State Construction Engineering Corporation Ltd.'s (CSCE) Long-Term Issuer Default Rating (IDR) and senior unsecured rating 'A' and Stable Outlook. Earlier in July, Moody's Investor Service (Moody's) announced A2 for China State Construction's Long Term Rating with Stable Outlook. And S&P Global Ratings (S&P) rated A for China State Construction's Credit Rating as well as Stable Outlook. The Company won Stable Outlook from all three rating agencies.

Moody's recognized China State Construction's leadership position in housing construction and real estate development area. S&P pointed out that China State Construction benefited from stable profit and well-known reputation. In the latest report issued by Fitch, China State Construction was rated A for broad program approach, scale advantage and stable profit ratio. All three agencies believed that there was still room for further development of China State Construction.

China State Construction has got Stable Outlook for five consecutive years. The market shows beliefs in the Company's bright future as China Construction got positive rating from all top three rating agencies in 2019.

Copyright 2019 ACN Newswire . All rights reserved.

© Japan Corporate News, source JCN Press Releases

Stocks mentioned in the article
ChangeLast1st jan.
CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED -1.46% 5.4 End-of-day quote.-3.91%
CHINA STATE CONSTRUCTION INTERNATIONAL HOLDINGS LIMITED -3.81% 5.05 End-of-day quote.-28.67%
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Financials
Sales 2020 1 596 B 228 B 228 B
Net income 2020 46 150 M 6 581 M 6 581 M
Net Debt 2020 172 B 24 549 M 24 549 M
P/E ratio 2020 5,03x
Yield 2020 3,97%
Capitalization 227 B 32 311 M 32 314 M
EV / Sales 2019
EV / Sales 2020 0,25x
Nbr of Employees 335 038
Free-Float 34,2%
Chart CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED
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Technical analysis trends CHINA STATE CONSTRUCTION E
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 13
Average target price 7,63 CNY
Last Close Price 5,40 CNY
Spread / Highest target 81,5%
Spread / Average Target 41,3%
Spread / Lowest Target 9,26%
EPS Revisions
Managers
NameTitle
Xue Xuan Zheng President
Qing Guan Chairman & Deputy General Manager
Lie Yang Gao Chairman-Supervisory Board
Yun Lin Wang Chief Financial Officer & Vice President
Jian Bo Li Member-Supervisory Board
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