《大行報告》美銀證券料港明年住宅樓價持平 地產股基本面改善 首選新地、新世界及領展
美銀證券發表報告,指出隨著第三波疫情消褪,看到香港地產業出現復甦的初步跡象。該行認為,在美國大選前與中美緊張局勢相關的新聞會對行業帶來波動,而會否有新一波疫情爆發仍是未知之數。然而,由於地產股的估值已比資產淨值折讓56%,已將寫字樓及商舖資本價值大幅下跌因素反映在內。該行相信,若美國大選後政局緊張情況紓緩,地產股或會出現反彈。
該行表示,在中期業績公布後,將地產股2020至2022財年的核心盈利預測調整,以反映最新的入帳時間表,並基於最新的淨資產值將地產股目標價調整-4%至+7%。看好新地(00016.HK)及新世界發展(00017.HK),因為它們將有大型住宅項目推出,兩者目標價分別為123元及45元;以及喜歡領展(00823.HK),因為本地消費復甦,目標價看74元。對於香港寫字樓租賃則維持負面看法,料最快要到明年首季才見底。另外,預期香港今年樓價調整0%至5%,明年則料持平。
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.