《大行報告》花旗:據報內地要求六大內銀為開發商提供信貸支持 「撈底」招行(03968.HK)
花旗發表研報指,外電消息指中國人民銀行及中銀保監要求六大國有銀行今年餘下時間向房地產行業提供至少6,000億元人民幣融資,每間銀行單獨要求提供至少1,000億元人民幣融資,包括按揭貸款、開發貸款及開發商債券投資,為樓市帶來更多利好措施,或表明內地房地產市場緊縮最糟糕時期可能已經過去。
該行預期,措施有助於緩解投資者對房地產開發商信貸風險的擔憂,並對平安銀行(000001.SZ)、興業銀行(601166.SH)、招行(03968.HK)在內開發商敞口較高的銀行有利,當中招行最有機會出現反彈;花旗籲「撈底」招行,評級「買入」,目標價53.7元。
花旗預測,六大國有銀行去年第四季房地產相關貸款達到7,040億元人民幣,高於當局所要求的6,000億元人民幣。該行認為,此次措施只是支持房地產行業的刺激計劃的一部分,預計未來會有更多的寬鬆措施,包括可能進一步降低首付要求、取消轉售及購買限制,以及放寬平均售價上限,結合近期公布的退稅、首置住房公積金房貸利率下調15個基點、推出房地產救助基金保障項目交付等政策,預期樓市緊縮方向的拐點即將來到,有助於緩解投資者對房地產開發商違約風險上升的擔憂。
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