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《大行报告》汇丰研究:市况不明朗下较看好长实(01113.HK)、太地(01972.HK)、恒隆地产(00101.HK)及领展(00823.HK)
阿思达克 04-08 13:56
汇丰研究发表报告,指香港房地产发展商已公布其2019财年业绩,其覆盖的公司的盈利温和增长1.2%,有别於2018财年时下跌7.7%。该行认为,在本地经济疲弱及疫情爆发的情况下,业绩表现将会再次转势。虽然大部分公司都没有调整其资本开支计划,但有些公司暂停股息增长,甚至削减派息。

该行提到,大部分企业在过去六个月的盈利能力弱,而这与零售及酒店业表现欠佳有关,并认为这趋势将会持续,料很多公司的公允价值损失及减值风险将会在未来12个月内上升,已有数家公司开始在报告中反映其公允价值损失及为发展物业进行拨备。

由於经济衰退及疫情影响,香港房地产板块未来12个月的前景充满挑战,但在评估过其最新的财务业绩後,认为一些公司能在市场不确定性下有更好的应对,包括长实集团(01113.HK)、太古地产(01972.HK)、恒隆地产(00101.HK)及领展房产基金(00823.HK),而这是基於估值的吸引力、财务状况良好、稳定或不断增长的派息等标准而决定。

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