《大行報告》摩通:本港地產股焦點轉回至基本面 而不是依賴任何短期政策提振
摩根大通發表研究報告指,特首李家超公布首份施政報告,符合市場預期,但令期望報告有更多驚喜的人感到失望。該行認為,市場對香港發展商的關注點或回至基本面,而不是依賴任何短期政策提振。
對於施政報告中提及向合資格外來人才退還在港置業額外的印花稅,該行認為是市場預料之內,相信不太可能短期提升需求,因聘請人才來港需時,不是每個來港工作人士有買樓意欲,非香港永久居民買樓仍須先支付30%印花稅,惟不是每個人可負擔。該行相信,政府也認為這可輔助吸引人才招聘,惟不會大幅推高樓價。
該行看好新鴻基地產(00016.HK)及長實集團(01113.HK),前者或是少數發展商透過其新界住宅項目,出售率能夠達到90至100%,而後者在香港住宅市場的業務佔比不算大,主要是近期因英鎊波動,以致其股價過度調整。
該行指,繼續看淡恆地(00012.HK)和新世界(00017.HK),主要是其高槓桿情況不太可能短期內得到解決。(ca/k)
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