《大行報告》摩通下調地產及收租股目標價 部份評級降至「減持」
摩根大通發表報告指,面對不確定因素持續,對本地地產股進行壓力測試,假設住宅樓價及零售租金跌30%,寫字樓租金跌40%。完成後,僅餘下六隻股份評級為「增持」並為該行確信名單,有關股份分別為長實集團(01113.HK)、新世界發展(00017.HK)、恆地(00012.HK)、九倉(00004.HK)、恆隆地產(00101.HK)及領展(00823.HK)。
該行表示,雖然地產股股價自近期高位調整19%,仍未反映部份不確定因素,如中美貿易戰及本地政治事件或拖累經濟表現。該行指信置(00083.HK)、希慎(00014.HK)、太古地產(01972.HK)及九龍倉置業(01997.HK)仍有下跌空間,有關股份評級亦下調至「減持」。
另外該行亦同時下調嘉里(00683.HK)及會德豐(00020.HK)評級至「中性」。而新地(00016.HK)及置地於壓力測試中下跌幅度最小,評級自「減持」上升至「中性」。該行對地產股最新評級及目標價見另表。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.