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大行評級|花旗:內銀中偏好建行及郵儲行 內房股首選華潤置地、貝殼等
花旗發表研究報吿指,中國人民銀行和國家金融監督管理總局日前公佈一攬子房地產寬鬆政策,包括降低首付下限、取消房貸利率下限以及下調住房公積金貸款利率等,人行亦將提供保障性住房貸款,預料推動5,000億元人民幣貸款,用於支持地方政府購買住宅庫存。該行預期,措施將改善房地產市場供求關係,恢復市場信心,相信政策表明了中國監管當局對抑制系統性風險的努力及決心正不斷加強,憧憬在樓價出現調整時當局可能會出台進一步刺激措施。由於行業系統性風險有所緩解,花旗預料擁有較高開發商敞口的內銀將受惠,當中更偏好建行及郵儲行,均予“買入”評級。房地產板塊方面,花旗則看好第二季現金流表現良好的開發商,首選華潤置地、貝殼、綠城管理及中國海外發展。
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