標普:上調綠地香港(0337.HK)評級展望至“正面”
國際信貸評級機構標準普爾宣佈,確認綠地控股的長期發行人信用等級為“BB”,而其附屬綠地香港(0337.HK)的發行人長期信用評級亦確認為“BB-”,兩者評級展望則由“穩定”調升至“正面”,主要因為公司現金流管理良好,去槓桿速度較預期快,估計綠地控股在未來12-18個月內,將可改善其槓桿和債務到期狀況。
標普相信,綠地控股的收入增長和正現金流,將有助其於未來12個月內持續去槓桿,集團物業發展及其他部門的協同效應增加,也將支持其增長。
標普又提到,截至今年6月底止18個月,綠地控股購地開支僅佔其合約銷售的25%,遠低於2016年的42%,主要因為中央致力減低國企負債。標普預期,綠地控股今明兩年的購地開支將維持於25-30%。
至於綠地香港獲評級展望升至“正面”,主要因為綠地香港是綠地控股策略上重要的附屬公司,相信日後將繼續獲得集團支持,估計綠地香港未來一、兩年銷售規模可持續擴大,毛利率可改善至27-27.5%。
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