《大行報告》匯豐研究:黃金周內房銷售低迷 市場情緒依然疲軟
匯豐研究發表報告指,內地黃金周樓市銷售低迷,反映市場氣氛仍然疲弱,現有措施未足以推動明顯復甦,偏好中海外(00688.HK)及華潤置地(01109.HK),兩者評級皆為「買入」。
據中指院數據,今年國慶黃金周,35個城市日均成交量平均按年跌17%,只有上海、廣州、武漢、蘇州、青島及東莞錄得按年增長,該行認為數據並不令人意外,因為很多居民假期出遊,而且市況仍然疲弱,估計今年餘下時間,樓市不會明顯轉向。若果要提振市場氣氛,當局需要繼續推出刺激措施,而宏觀經濟環境亦要支持居民對收入的預期改善。
報告認為,部分正面消息可能支持受困內房商的股價表現,例如部分公司成功重整債務、獲得信貸支持、或樓價結束跌勢,不過只是短暫復甦,因為債務重整需時較長。該行仍然偏好有能力吸納土儲及推出新項目的國企,包括中海外、潤地,亦看好地區龍頭如越秀地產(00123.HK)、建發國際(01908.HK)及綠城中國(03900.HK)。
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