《大行报告》瑞银:MSCI香港指数明年底目标12,300
瑞银发表研究报告,将MSCI香港指数明年目标底定於12,300点,相等於4%的升幅,以及3.5股息率预期,当中包括计入2021及22年盈利增长33%及15%预期,以及2022年预测市盈率14.9倍,符合十年平均水平。於16.4倍预测市盈率,较长期平均值高0.7个标准差,相信盈利复苏已大致反映於现价。明年的机会主要来自股份恢复派息,以及疫情後业务正常化。
该行指,预期MSCI香港盈利将於明年复苏,各行业将受惠目前的防疫措施放宽,香港政府预期可於首季购入200万剂疫苗。该行相信零售收租、运输以及赌业相关股可受惠。
该行又指,今年收息股跑输,虽然受疫情影响,但各企业资产负债表仍然稳健,看好明年高息股。
该行推介股份包括九龙仓置业(01997.HK),目标价43.3元;新世界(00017.HK),目标价43元;新地(00016.HK),目标价124元;领展(00823.HK),目标价82元;港铁(00066.HK),目标价48.3元;友邦(01299.HK),目标价105元;金沙(01928.HK),目标价38.3元;煤气(00003.HK),目标价14.4元。
另外不看好恒生银行(00011.HK),目标价110元;东亚(00023.HK),目标价12.8元;太古地产(01972.HK),目标价20.5元。
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