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標普確認碧桂園(02007.HK)信用評級為「BB+」 展望調整為穩定
阿思達克 04-08 17:20
信貸評級機構標準普爾表示,考慮到房地產需求疲軟及近期內地疫情影響,預計碧桂園(02007.HK)銷售前景疲弱,難以持續改善盈利水平從而進一步去槓桿,因此將展望從「正面」調整至「穩定」,並確認其長期主體信用評級為「BB+」不變。 該行表示,雖然未來一至兩年碧桂園的收入及利潤率都將進一步下降,但預期公司將繼續維持有效及積極的債務管理策略,目標減少債務,避免財務水平進一步惡化。 標普預期房地產市場表現料將下半年開始穩定,但由於碧桂園今年首季度合同銷售額下降29%,下行風險依然存在,加上碧桂園在低線城市業務佔比較高,新推出可售資源中約有 67%主要集中於低線城市,相關地區房地產需求普遍更加波動和疲軟,因此估計公司今年銷售額將按年下降15%至17%。 在銷售放緩的情況下公司或推出需要更多折扣來刺激銷量,因此標普預期碧桂園的利潤率今明兩年將持續受壓。
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