《大行報告》花旗料內地房產銷售最快7月纔開始收窄跌幅 首選中海外(00688.HK)、潤地(01109.HK)及龍湖(00960.HK)
花旗發表報告指,人民銀行宣佈全面下調首套房房貸利率20個基點,第二套房利率則保持不變。在此框架下,地方財政部門容許使用按本地情況調整的利率。另一方面,《求是》雜誌刊出國家主席習近平於去年底的講話,主要訊息包括對一些房地產企業的風險要格外重視,及各地要切實擔起責任、強化監管,守住不發生系統性風險的底線。
該行認爲,在信貸方面,人行全面下調利率的措施是較預期強勁,屬支持房地產市場的中央政策。不過,雖然本地政策持續放鬆,但該行預期待疫情放緩及需求積壓後,內地房產銷售跌幅最快於今年7月纔會開始收窄。
花旗又稱,內房股目前估值相當於今年預測市盈率5.3倍,可見市場預期不高。行業中,該行喜好有安全資產負債表及增長的企業,首選中海外(00688.HK)、華潤置地(01109.HK)及龍湖(00960.HK),目標價分別爲29元、46元及53.3元,評級均爲「買入」。
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