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《大行報告》里昂:內房傳聞暫無官方機構證實 籲投資者宜核實消息準確性
里昂發表研究報告指,近日多次傳出內地當局正在起草房地產開發商融資白名單,並有傳銀行將向優質開發商提供無抵押的貸款融資,對此內房股反應正面。 惟里昂提醒,至今暫時仍未有官方機構證實相關傳聞的真確性,又指相似的傳言其實早於2021及2022年都曾經傳出過,另外基於中國當局對管控系統性風險的一貫做法,要求銀行提供無抵押貸款似乎並不合理,呼籲投資者留意消息真偽。 該行又指,即使白名單確實存在,也不代表獲納入的房企可保證持續生存下去,認為有部分民營開發商已失去償還債務的能力。 行業中里昂目前更看好華潤置地(01109.HK)及中國海外(00688.HK)等國企背景開發商,因擁有更強大的銀行支持及豐富優質的土地儲備,相信可成為市場上的長期贏家,維持「買入」評級,目標價分別為53.1元及27.6元。
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