《大行報告》摩通料內房股股價短期正面 看好防守性較佳的中海外、潤地及龍湖等
摩根大通發表內房行業報告,內房股本月以來累計調整23%後,板塊昨日(16日)急彈11%,是國務院金融穩定發展委員會召開專題會議指要保持內地經濟健康發展的長期態勢,共同維護資本市場的穩定發展,當局隨後又對內房行業發表支持性言論,該行注意到當中兩個發展,第一是中國財政部指今年內不具備擴大房地產稅改革試點城市的條件,即此不明朗因素能短期消除;第二是據報內地當局正計劃推出措施打擊惡意沽空機構。
該行指基於上述兩個發展,料內房股股價短期反應呈正面,但無論如何,上述仍未闡述具體令實際需求側寬鬆措施,或仍未緩解投資者最大的擔憂,如內地樓市仍然疲弱,兼且內地近日疫情升溫,或會令內房發展商流動性惡化。該行料若無大幅寬鬆措施能令於今年第二季銷售改善,將不預期內房股股價能持續復甦。
摩通表示,在內房股中看好防守性較佳的中國海外(00688.HK)、華潤置地(01109.HK)、龍湖(00960.HK)、保利發展(600048.SH),但該行對以下內房股及物管股仍持審慎態度,包括融創中國(01918.HK)、融創服務(01516.HK)、世茂集團(00813.HK)、世茂服務(00873.HK)、雅居樂(03383.HK)、雅生活服務(03319.HK)、中國恆大(03333.HK)、恆大物業(06666.HK)、龍光集團(03380.HK)、富力地產(02777.HK)、奧園(03883.HK)及禹洲(01628.HK)。
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