Wharf (0004) last year's profit rose nearly 55.77% year-on-year to 6.019 billion yuan. Group Chairman Wu Tianhai mentioned many times yesterday that he will pay close attention to the indirect impact of the situation in Russia and Ukraine on Hong Kong. At present, Hong Kong's salable sources are mainly luxury houses, with a long development period, and other projects are still under planning. But there is no sales pressure, "no other developers are so tight."
Wu Tianhai pointed out that although the war between Russia and Ukraine is far away from Hong Kong, and there are not many economic and trade exchanges between Ukraine and Hong Kong, the conflict between Russia and Ukraine will cause global impacts, such as rising energy prices and some commodity prices, such as wheat, which may affect the global supply chain. , inflation and interest rates will also extend to a series of problems such as economic recession. Hong Kong cannot be alone. We do not know how much it will affect Hong Kong, but we must handle this issue carefully.
Continued Debt Reduction Waiting for Opportunities
He also pointed out that under the influence of the epidemic, the economic activities and property market transactions in Hong Kong have dropped sharply in the first two months. Therefore, the transaction and price of the property market are not indicators. It will take time to observe. Don't worry about the impact of the falling market, stressing that the company continued to reduce debt last year, and now it can "advance attack and retreat and defend".
Wu Tianhai emphasized that some businesses have cycles, and the real estate business is no exception. Noting that the opportunities in the market are more attractive than a few months ago, the group will selectively discuss and invest in potential projects, but will not rush forward and will wait for opportunities , "You can be picky", if it is a very attractive project, it will be shot, if it is not particularly attractive, it may as well wait.
