SEHK:152Infrastructure
Is Shenzhen International Holdings (SEHK:152) Undervalued After Its RMB 1b Note Issuance?
Shenzhen International Holdings (SEHK:152) has completed a fresh RMB 1,000 million medium term note issuance at a 2.07% coupon and 10 year maturity, giving investors new information on its long term funding mix.
Set against that new funding, Shenzhen International Holdings’ share price has been choppy. The stock is up 5.06% on a 1 month share price return but down 38.50% on a year to date share price return, while the 3 year total shareholder return of 30.17% contrasts with a 1 year total...