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《大行報告》大摩:潛在債務重組或損害碧桂園(02007.HK)物業銷售和品牌
阿思達克 10-10 15:41
碧桂園(02007.HK)於今日(10日)開市前發公告稱未能償付4.7億元到期債,懇請債權人給予時間。另外,碧桂園已委托中金公司作為財務顧問,協助處理境外債務重組事宜。 大摩發表報告指,由於房地產銷售低迷,碧桂園的經營現金流自今年第二季以來一直為負值,並且有大量離岸債券將於12月和明年1月到期。因此,該行認為市場已預期出現潛在的債務重組,尤其是在碧桂園最近的在岸債券延期之後。鑒於碧桂園將優先完成預售項目,該消息可能會進一步損害碧桂園的物業銷售和品牌,從而收緊其新推盤的流動性。 該行對碧桂園評級為「減持」,目標價0.74元。
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