領展(00823.HK):如進一步放寬出入境限制 將有更大刺激作用
領展(00823.HK)董事會主席聶雅倫在業績發布會上表示,集團在港業務主要集中於必需品的零售,相信直到旅客可重返香港之前,市場情況對公司來說一直會是個挑戰。至於本港放寬出入境限制至「0+3」,他認為能方便旅行團訪港,如果可以進一步放寬,相信將為市場帶來更大刺激作用。
聶雅倫指出,集團的負債率約為25%,會小心管理資產負債表,會為加息進行壓力測試,亦會考慮與其他機構合作,積極研究各項收購,雖然目前的項目買賣差價較大,但對整體收購並不悲觀。
他又提到,集團看好中國的零售市場,雖然目前集團受到防疫措施限制,但最終抗疫措施會有放寬,一旦放寬即會對零售市場產生正面影響,公司會一直留意機會。公司同時偏好香港的非必要零售、物流及辦公室項目。領展行政總裁王國龍補充,疫情總會完結,認為應著眼於長線投資,會留意中檔或社區型的商場,集團會視乎各地區的消費習慣及人流,選擇分散投資。
王國龍指,目前需要續租的租約都是2019年簽訂的,而當時市況亦受到不同因素所影響,故目前的租約相對正面,不過,部分行業受到防疫措施影響,已選擇離開旗下商場。過去六個月,集團共處理逾400份新約,當中,逾120份屬於全新租客,出租率亦維持於高水平。
執行董事兼首席財務總裁黃國祥表示,本港進入加息周期,一個月HIBOR已升至逾3%,如美國繼續加息,本港或會跟隨加息,而集團已將逾半債務鎖定為定息,平均借貸利率為2.5%。而加息環境下,有危亦有機,或可為集團帶來更多收購機會。
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