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《大行報告》匯豐研究:內房股迎來政策順風 市場風險偏好有所改善
匯豐研究發表研究報告指,碧桂園(02007.HK)自7月以來三度配股,意味著在持續的政策支持下,投資者仍處於平倉之中,市場風險偏好亦有所改善。該行認為,內地房地產行業的配股風險很高,惟碧桂園在五個月內第三次配股屬意料之外,但相信是一個特殊的案例。該行認為,當前的政策順風效應將持續很長時間,行業應該會繼續獲得重新評估。 該行提到,私營房產企業的股價從11月23日的近期低點平均反彈了24%。許多公司的美元債券將於2023年到期,股價走強可歸因於更強大的資金支持,這大大降低了增量違約和信用事件的風險。該行予碧桂園、碧桂園服務(06098.HK)、雅居樂(03383.HK)、雅生活服務(03319.HK)、及中駿集團(01966.HK) 「貫入」評級。 股份│評級│目標價 雅居樂(03383.HK) │ 買入 │ 3.4元 中駿集團(01966.HK) │ 買入 │ 0.9元 旭輝控股(00884.HK) │ 持有 │ 1.2元 碧桂園(02007.HK) │ 買入 │ 4.6元 雅生活(03319.HK) │ 買入 │ 14.7元 碧桂園服務(06098.HK) │ 買入 │ 26.7元
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