摩通:香港地產市場存被低估資產 或吸引地產商併購及股份回購
摩根大通發表報告,香港地產商估值已觸及30年來的新低,預計會吸引現金充裕的地產商購買資產、進行股份回購或收少數股東權益。
報告認為,香港房地產及財團非常樂意在市場低迷期間抓住機會,目前香港地產行業的總市值為1.1萬億元,而其總資產淨值則高達3萬億港元,這代表著地產商有大量被低估資產可選擇,預計長實(01113.HK)、九倉(01997.HK)、嘉里建設(00683.HK)、太古(00019.HK)、太古地產(01972.HK)及恆基地產(00012.HK)會在市場中更為積極。
摩通稱,預計地產商採取的任何行動都會以擴大業務、去槓桿化、簡化集團結構或繼任計劃為重心。
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