20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
- Fitch Ratings has affirmed China-based carrier-neutral data center operator VNET Group Inc's (NASDAQ:VNET) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'B+.'
- The Outlook is Negative, reflecting Fitch's expectation that VNET's 2021-2022 funds flow from operations (FFO) leverage will worsen to above 6.0x (2020: 4.2x), the threshold above which we lead to negative rating action.
- The proposed US dollar bond issuance with a part of the proceeds to fund capex accounts for the deteriorating FFO leverage.
- The new bond issuance will stretch the company's balance sheet and slow the pace of deleveraging.
- However, Fitch expects EBITDA growth will drive deleveraging in the medium term.
- VNET will benefit from robust demand for data centers from Chinese internet companies and public cloud-service providers like Alibaba Group Holding Ltd (NYSE:BABA) (A+/Stable).
- Price Action: VNET shares traded higher by 5.17% at $17.09 on the last check Friday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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