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《大行》摩通:新城發展(01030.HK)傳發美元債 意味非國企離岸債券市場可能重新開放
摩根大通發表報告指,新城發展(01030.HK)建議發行美元計值優先票據,可能會成為兩年來第一家發行美元債券的非國企開發商,這意味著非國企開發商離岸債券市場可能會重新開放,該行業而言是方向性利好。從股票的角度來看,該行認為這只是象徵性的舉動,而非能讓公司完全走出困境的復甦之舉。 該行認為,改善營運現金流是令開發商復甦的更持久方法。因此,如果有新政策刺激房地產的銷售會更加人振奮。在股票方面,首選是華潤置地(01109.HK)及華潤萬象生活(01209.HK)。在策略上,該行認為龍湖(00960.HK)、中海物業(02669.HK)及中國金茂(00817.HK)的上升空間較大。
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