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摩通:大型內房看好萬科(2202.HK)及中海外(0688.HK)
格隆匯 10-15 15:47
摩根大通發表報告指,寶龍地產(1238.HK) 公佈折讓8.6%,以每股5.4港元配股,籌資7.92億港元。是次配股折讓較該公司兩年前的配股折讓9%至10%稍低,亦較昨日(14日)彭博報道作價下限收窄0.9%,可見市場的反應不俗。
該行表示,在年初至今內房行業表現最佳的股份中,時代中國(1233.HK) 及中國金茂(0817.HK) 已作出配售,相信佳兆業(1638.HK) 在尋求一個良好的配股作價前,仍需時重建投資者信任。而融創中國(1918.HK) 、新城發展(1030.HK) 、旭輝(0884.HK) 、奧園(3883.HK) 、中駿(1966.HK) 及美的置業(3990.HK) 等的股價目前距離歷史高位仍有10%至20%,從管理層的角度而言,該行認為並非籌資的最佳時機。
摩通提到,龍湖(0960.HK) 股價昨日再創新高,相信該集團的第二大股東有可能進行配股,而集團似乎並不會配售新股,因其正在擴張,且目前的財務資源亦足夠集團進行擴張。
該行又稱,行業在9月的銷售強勁,為行業股份在10月初表現跑贏的主要原因,股價同時亦受惠人民幣升值。摩通建議投資者買入有銷售改善前景的落後股份。股份方面,大型股該行喜好萬科企業(2202.HK) 及中海外(0688.HK) ,中型股喜好碧桂園(2007.HK) 及富力地產(2777.HK) ,小型股則喜好美的置業及中駿。
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