高盛:“來港易””計劃將於9月15日開始 料零售業復甦將是漸進的
高盛發表研究報吿指,香港政府重推“回港易”計劃,令最多每日6000名香港市民由內地回港,毋須進行14日隔離;另外“來港易”計劃亦將在9月15日開始,容許每日2000名內地居民毋須隔離來港。 該行認為,內地居民以“來港易”到港後,回到內地仍需進行隔離,因此認為大多數通過此計劃來港的人士都會留在香港一段時間,並非遊客。
*即使開關後復甦將是漸進的*
高盛指,疫情前訪港內地居民量每日達13.3萬人,“來港易”的2000個名額只佔約2%。 該行又指,全面的邊境開放並不是迫在眉睫的,需視乎香港、澳門及廣東省的疫情發展,即使在開關後,認為內地與香港的零售業復甦將是漸進的。至於本地地產公司方面,該行認為,九龍倉置業(1997.HK)及希慎置業(0014.HK)將更受惠於內地旅客量復甦,因為兩家公司來自時裝及配件的零售租賃收入分別佔62%及30%;健康及美容的零售租賃收入分別各佔20%,不過開關後收入的復甦亦是漸進的。
*濠賭股現價已反映復甦不及預期因素,籲買入*
澳門博彩業方面,該行認為,現時濠賭股的股價已反映賭收復蘇及旅遊限制放寬有限,未見行業出現結構性的問題令到行業不能復甦甚至超越原有水平。該行予銀河娛樂、金沙中國、新濠博亞“買入”評級,並予澳博控股“確信買入”評級。
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