Summary: Texhong Textile Group Ltd. - S&P Global Ratings’ Credit Research

Summary: Texhong Textile Group Ltd.

Summary: Texhong Textile Group Ltd. - S&P Global Ratings’ Credit Research
Summary: Texhong Textile Group Ltd.
Published Apr 25, 2013
Published Apr 25, 2013
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Foreign Currency: BB-/Stable/-- Local Currency: BB-/Stable/-- Greater China Regional Scale: cnBB+/-- Highly competitive and fragmented textile industry. Limited product suite and pricing power. Volatility in international cotton prices. Good niche market position. Cost leadership. High capital expenditure requirement. Improved cash flow adequacy. Good access to capital markets. Adequate liquidity. The stable outlook on Texhong Textile Group Ltd. reflects our expectation that the company can continue to improve its profitability and maintain good financial discipline over the next 12 months. We also expect Texhong's production site in Vietnam to be completed and ramped up as scheduled. We could lower the rating if Texhong's financial risk profile deteriorates materially. This could happen if: (1) the company engages in large debt-funded expansion; (2)

  
Report Type:

Summary

Ticker
2678@HK
Issuer
Texhong Textile Group Ltd.
GICS
Textiles (25203030)
Sector
Global Issuers
Country
Cayman Islands
Region
Latin America
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Texhong Textile Group Ltd." Apr 25, 2013. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Texhong-Textile-Group-Ltd-1121648>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Texhong Textile Group Ltd. Apr 25, 2013. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Texhong-Textile-Group-Ltd-1121648>
  
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