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汇丰研究料投资者聚焦地产股防守性因素看好新地(0016.HK)等五股
格隆汇 07-29 15:21

汇丰发表研究报告,指很多香港房地产企业将会很快公布业绩,监于市场的不确定性上升,预期投资者将会关注地产企业的防守性因素,包括每股派息增长及业务韧性,例如租金增长。虽然该行没有就地产股中期业绩作预测,但预期由於一手住宅的平均销售价格上升,将令市场对地产股2020至2021年的盈利预测有所上调。

该行相信有三只股份具有良好的潜在催化剂,包括长实集团(01113.HK)、太古地产(01972.HK)及新鸿基地产(00016.HK),预期长实集团上半年的每股派息将会录得双位数增长,可能是同业中最高之一;太古地产亦有机会较同业录得较高的每股派息增长,主要是因为其若干的非核心资产销售及其新的股息政策;至於新地的香港合同销售料有机会录得破纪录的500亿元。

该行表示,在细分市场中,会看好住宅开发商多於零售收租股,并认为写字楼租赁的吸引力相对较小。在地产商中首选新地、会德丰(00020.HK)及信和置业(00083.HK),也看好恒隆地产(00101.HK)及太古地产在未来12个月内具有重新评级潜力的收租股。

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