《大行》匯豐研究:內房債務重組進展及離岸債市重開助提振市場氣氛 調整目標價
匯豐研究發表報告指,內房債務重組取得進展及離岸債券市場重開有助提振市場氣氛,龍湖(00960.HK)是信貸正常化擴大的受惠者;陷入困境的發展商重新定位,有望在明年轉勢。
報告指,內房第二輪債務重組近期更多好消息。6月4日,旭輝(00884.HK)離岸債務重組計劃獲批准,涉及減債53億美元或將離岸債務削減66%。碧桂園(02007.HK)及龍光(03380.HK)亦於6月初修訂其重組方案,以促進進展。由於「白名單」支持逐步交付房屋,該行認為債權人對受困發展商的營運恢復信心,並對債務削減作為務實的解決方案持開放態度。
該行較看好華潤置地(01109.HK)、建發國際(01908.HK)、中國金茂(00817.HK)及貝殼(BEKE.US),均獲「買入」評級,並調整內房股目標價,詳見另表。
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