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《大行报告》瑞银料恒大(03333.HK)事件不会对行业产生更广泛负面影响
阿思达克 09-25 15:29
瑞银发表研究报告,指出中国恒大(03333.HK)昨日(25日)收市後发公告,指网上流传有关恒大地产重组情况的谣言,相关文件和截图凭空捏造、纯属诽谤。该行指,虽然无法确定公司是否存在流动性紧缩的情况,但这已影响其离岸债券渠道,并可能影响其合同销售。

另外,该行认为这是公司的特定事件,而不是整个行业的问题,因为行业的合同销售在8月份之前仍保持强劲。然而,由於恒大在离岸债券市场的规模,这可能会为离岸债券市场带来冲击,影响其他发展商的融资渠道,而国有企业例如中海外(00688.HK)及华润置地(01109.HK),以及低杠杆的万科企业(02202.HK)及龙湖集团(00960.HK)所受的影响则少。

瑞银估计恒大今年底止到期的离岸及在岸债分别达16亿美元及29亿美元。该行相信,潜在事件不会对整体行业产生更广泛的负面影响,因为大部分发展商都已完成其今年的离岸融资,并在明年上半年的债券赎回更多是在在岸多於在离岸。

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