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《大行報告》花旗:銀監會要求內銀支持首套房按揭 對內房意外利好 首選龍湖及潤地等
花旗發表報告,就中國銀保監會要求內銀在貸款首付比例和利率方面對首套房購房者予以支持,相信對內房行業屬意外利好的消息,認爲當局較原預期爲早(該行原估計時點爲11月8日至11日的政治局會議上)指明政策方向,以管控行業下行風險,料當局持續聚焦於房地產的融資領域。 該行料內房在經歷10月份波動後,行業可能會在11月反彈,因爲政策明確性早於預期,該行在內房股中首選龍湖(00960.HK)、華潤置地(01109.HK)、旭輝控股(00884.HK)、新城控股(01030.HK)、寶龍地產(01238.HK)及龍光集團(03380.HK)。 花旗認爲中銀保監對首套房抵押貸款的支持立場,是幫助房地產公司去庫存和去槓桿,而不是幫助相關公司提高槓杆,該行注意到監管機構態度有所緩和,以防止房地產過度緊縮,留意到對房地產相關貸款的輕微寬鬆措施,包括加快個人住房抵押貸款資產支持證券(RMBS)發行;以及容許銀行今年預先採用部分2022年信貸額度。
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