万科(02202.HK):市场回暖需求现阶段性复苏 料毛利率仍会小幅回落
万科(02202.HK)总裁祝九胜出席业绩发布会时表示,针对市传监管部门为控制房地产企业有息债务规模,拟对房企设置「三道红线」的新规,公司将认真研究,对万科的适应能力有信心,加上公司净负债一直维持低位,会继续留意情况。他续指留意到市场自5月份起有回暖情况,认为是被压抑的需求出现阶段性复苏,下半年情况不敢预测,但会把活干好,希望下半年比上半年好,会密切关注来自行业、政策的变化,相信总基调全年不会有大变化,料楼市将呈相对稳定但有轻微波幅的状态。
他续指,公共交通为导向的开发模式(TOD)过往对开发商来说是「加分题」,目前则是「必答题」,因为开发商要跟随城市发展方向及人口流动等,而公司近年亦不断加大在TOD方面的投入提升营运效果,由住宅项目发展至各种业态,累积总投2,400亿元人民币,有70-80%是居住型,有20%左右为自持的综合商业等,而深铁入股之後公司对TOD亦多了营运的视觉。
在拿地方面,首席运营官王海武指出公司坚持稳定的投资策略,目前在手资源能保证未来两至三年的发展,会不断关注市场变化寻找好的投资机会,强调不会高追亦不会过份保守。至於商业及物流地产这两方面业务目前有较好表现,冀未来能够上市,但仍未有具体计划。
针对公司上半年毛利率有所下滑,执行副总裁、财务负责人韩慧华解释,去年毛利率相对处於高位,而现时地价占销售的比例有所提升,认为毛利率向下是行内趋势,料到年底仍会有小幅回落,但仍维持在合理水平。(el/u) ~
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