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《大行報告》里昂:政策憂慮觸發本港地產股拋售 風險在於港府潛在政策轉變
里昂發表研究報告,指上周五(17日)外電引述消息指本港發展商獲告知,要運用資源及影響力維護國家利益,更要回饋社會,協助解決住屋短缺問題;並觸發今日(20日)本港地產股遭拋售。報告稱,主要發展商過去數年已努力協助特區政府增加中期住宅供應,包括捐出農地,恢復及積極參與土地共享計劃。 不過,報告稱,在現行供應機制下,發展商可以再做的工作有限,風險其實在於特區政府潛在政策轉變,惟該行稱暫時未看到任何跡象。縱然如此,樓市政策憂慮料持續壓抑地產股,沒有地產股可倖免,直至任何具體計劃(或缺乏計劃)出台。不過,相較地產股,住宅市場敞口較小的收租股相對安全,如希慎(00014.HK)、九倉置業(01997.HK)及置地公司。 里昂稱,恆地(00012.HK)、新地(00016.HK)、新世界(00017.HK)及長實集團(01113.HK)在土儲中分別有4,460萬、3,000萬、1,640萬及1,280萬平方呎農地,屬發展商中佔比最多。
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