美银美林:料降准利好内房股短期趋势 首选融创(1918.HK)
美银美林发表报告表示,就人行上周五(6日)公布下调银行存款准备金率,料可对内房股构成短期支持,因估值并不昂贵、随着金融放松后或有对内房行业的支持措施出台。该行估计融创中国(1918.HK)
及旭辉控股(0884.HK)
最为受惠。
该行认为,内房行业仍未迎来转折点,维持对行业审慎态度,基于最新对人民币兑港元汇率预测(由1.075修定至1.05)调整,决定下调对内房股目标价。该行调低对融创中国目标价7%,由44港元降至41港元;旭辉目标价由5.8港元降至5.4港元。
美银美林指,内房行业目前相当预测市盈率6.1倍,低于历史平均10%,认为估值合理,行业中首选融创中国,因估值吸引、未来三年纯利复合增长率达20%、未来盈利透明度较高。该行同时亦推介中国海外(0688.HK)
、华润置地(1109.HK)
及中国金茂(0817.HK)
。
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