大行評級|摩根大通:香港房地產行業中首選領展、太古地產、信和置業
摩根大通發表報吿指,大多數香港房地產公司及綜合企業將於未來六週公佈業績,預計大部分公司的盈利會按年下跌,原因包括物業發展利潤縮減;及租金收入下降,特別是寫字樓及奢侈品零售。至於派息方面,該行對信和置業、太古地產等最有確定性;與此同時,長和、長實、九龍倉置業的每股盈利若遜於預期,則可能面對下跌風險。整體而言,業績可能平平無奇,但有關資本循環的指引(如置地公司、太古地產及領展)可能是亮點,同時亦會留意內地奢侈品零售銷售在第二季可能出現的改善(與恒隆地產有關)。該行在香港房地產行業中首選領展、太古地產、信置。
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