China International Travel Service (CITS) Shares Classified as "Lowest Trading Risk"
China International Travel Service (stock code: 601888) has been assigned a trading risk level of 1, indicating the lowest probability of experiencing downward price swings. This assessment is based on six key factors, including margin trading and stock lending activities, major shareholders' share sales, and factors affecting short-term price volatility. The company's free-float ratio is 100%, and it has not experienced any share freezes or pledged shares, earning it an "A" rating in this regard. Additionally, CITS has a good cash reserve to manage bond debt and a low risk rating for outstanding bonds and trust products.
Key Takeaways:
- China International Travel Service has been assigned a trading risk level of 1, indicating the lowest probability of experiencing downward price swings.
- The company has a free-float ratio of 100%, with a total number of outstanding shares of 1,952,475,544.
- No shares of CITS are under the court's custody, and no shares were pledged or mortgaged for financing purposes.
- CITS received an "A" rating in the outstanding bonds and trust products rating, indicating good cash reserves to manage bond debt.
- The monthly velocity of margin trading for CITS was 4.48 in the previous month, with an annual average of 0.76.
- Among 3,505 assessed companies, only 13.7% were placed at this risk level, indicating a relatively low trading risk for CITS.
Statistics:
- Trading risk level: 1 (lowest)
- Free-float ratio: 100%
- Outstanding shares: 1,952,475,544
- Shares under court's custody: 0
- Shares pledged or mortgaged for financing purposes: 0
- Monthly velocity of margin trading (previous month): 4.48
- Annual average of margin trading: 0.76
- Number of companies with risk level 1: 13.7% (out of 3,505 assessed)
Sources:
- China Knowledge (Dec 01, 2020)
- Public records