You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》匯豐研究料近三分一本港地產收租股有減派息風險 偏好長實(01113.HK)、信置(00083.HK)、太古地產(01972.HK)及領展(00823.HK)
匯豐研究發表報告指,很多影響本港樓市的負面因素已經隨著最近普遍下調的盈利評級而被消化,但股息削減、部分住宅項目減值撥備及悲觀的銷售指引將會是損害投資者情緒的風險。由於很多公司財務狀況良好,由於預售積壓,預計去年下半年的盈利將保持彈性,但由於辦公室租金顯著下降和銷售疲弱,未來12個月的盈利可見度或會減弱。而零售市場則料持續復甦。同時,由於借貸成本更加昂貴,該行預計去年下半年的整體財務成本將按年增56%。 該行預計,近三分一本港地產收租股有減派息風險,料當中大部分房託均受影響。該行又認為,政府停止住宅和商業土地招標並不足以重振市場情緒,認為徹底撤銷影響需求的辣招才是關鍵催化劑,以顯示政府有決心穩定房地產市場。該行相信,這將有助於提高成交量並縮小行業資產淨值(NAV)折扣。 該行偏好具防守性的企業如長實(01113.HK)和信置(00083.HK),認為它們具有強勁的資產負債表,可在困難的市場中處於更有利的位置,又看好太古地產(01972.HK)及領展(00823.HK),相信領展每基金單位分派將錄得增長。該行維持以上公司「買入」評級,續保持現有目標價及其他預測。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account