You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
惠譽將佳源國際(02768.HK)評級上調至「B+」展望穩定
阿思達克 09-08 11:59
評級機構惠譽將內地房企佳源國際(02768.HK)的長期外幣發行人違約評級由「B」上調至「B+」,展望為「穩定」,惠譽又將佳源國際的高級無抵押票據和可換股債券的評級由「B」上調至「B+」,回收率評級為「RR4」。 惠譽指,評級上調是考慮到佳源國際去槓桿進度、自然擴充以及向大股東收購資產,公司的信託和其他貸款佔總債務的比例由去年底的24%下降至今年6月底的13%。另外,佳源國際在長江三角地區有廣泛佈局,盈利能力強,不過評級受限於其較細小的規模。 惠譽估計,佳源國際在未來兩年的槓桿率介乎40%至45%,另外公司有足夠的低成本土地,能夠支撐至少3.5年的銷售,預計未來兩年的毛利率降幅會低於同業,又預計其今年上半年EBITDA利潤率為37%,與去年持平。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account