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《大行報告》匯豐研究料內房股流動性憂慮持續 物管股增長指引承壓
匯豐環球研究發表報告指,有報道稱世茂集團(00813.HK)正尋求將60億元人民幣的信託貸款延期兩年還款,並提議在2月償還13億元人民幣,其餘將在三年內清還。另外,世茂亦正與深圳市政府討論引入國企投資公司。 該行認為,世茂的情況反映近期的資產處置仍未能緩和內房發展商的流動性緊張,惠譽和穆迪最近相繼下調禹洲(01628.HK)、正榮地產(06158.HK)和融創(01918.HK)的信用評級,預期負面消息或會繼續衝擊市場。 匯豐研究預期,由於母企受困,中資物管股的增長指引或會有下調壓力,維持對內房和物管行業的審慎看法,喜好國企如中海外(00688.HK)、華潤置地(01109.HK)及中海物業(02669.HK);和有防守性的民企包括旭輝(00884.HK)及碧桂園服務(06098.HK)。
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