However, property developers with strong cash flows, well-diversified geographic and product portfolios, financial flexibility, disciplined financial management and established recurring income will consolidate and eventually thrive, continues the report.
The majority of the 13-rated property developers listed on the Hong Kong stock exchange have good funding channels as well as established market positions in their home regions. They also have stronger balance sheets than their unrated peers with a reasonable amount of cash holdings having been rated in the last two...
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