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《大行報告》中金:中央政治局對內房問題表態及級別超預期 料板塊配置契機漸現
中金髮表研究報告指出,中共中央政治局於昨日(6日)召開會議分析研究2022年經濟工作,本次會議對房地產問題的表態時點、內容、級別均超預期。 該行指出,往前看,建議關注即將召開的中央經濟工作會議對有關工作的進一步部署,並密切跟蹤後市具體政策的落地。例如銀行信貸端對合理住房需求的支持力度(按揭額度、利率、首付比例等層面的傾斜)、各地限制性行政管理政策的合理化(如對於首套房、首套貸的認定標準)、保障性住房建設的政策支持等。 此外,中金認爲,最高層政策態度已明朗,後續政策力度可預期,雖然基本面因高基數原因在未來幾個月按年增速仍不會顯着修復,但從環比意義而言最差的時候可能即將過去。未來一段時間不排除仍有部分中小企業出現流動性問題,但不會影響行業的觸底回升大勢。當前地產開發及物業管理板塊估值均低,風險收益高,具備配置價值建議投資者積極佈局。 該行補充,港股中推薦龍湖(00960.HK)、華潤置地(01109.HK)、中海(00688.HK)、旭輝(00884.HK)、越秀(00123.HK)、融創(01918.HK)及碧桂園(02007.HK)。 物管板塊推薦保利物業(06049.HK)、中海物業(02669.HK)、旭輝永升服務(01995.HK)、融創服務(01516.HK)、碧桂園服務(06098.HK)、金科服務(09666.HK)及世茂服務(00873.HK)。
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