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《大行》花旗料投資者仍聚焦高收益股票 地產股首選領展(00823.HK)新地(00016.HK)恆地(00012.HK)等
花旗發表研究報告指,由於內地支持鞏固香港金融中心地位及保障資產價格,滬港加強金融合作、A股上市公司在港IPO、南向資金流入、股票成交活躍及香港銀行同業拆息變動,為本港地產行業的重整提供支持。該行預期投資者仍會聚焦於高收益股票,行業股首選香港置地、領展(00823.HK)、新地(00016.HK),並偏好恆地(00012.HK)上半年打後的表現。 住宅方面,該行估計,行業整體利潤率仍然微薄。至於北部都會區,由於下半年情況不明朗及收地放緩,發展商普遍持審慎態度。 對於寫字樓,新需求來自擴展或鞏固業務,中環核心資產表現優於預期。該行認為,香港置地、新地及恆隆地產(00101.HK)將會受惠。 零售方面,香港零售業銷售額跌幅收窄,利園在新大廈啟用後錄得增長,置地廣場的VIP消費亦錄得增長。而內地零售業銷情則自去年第四季起復甦,並持續至今。 股份 | 投資評級 | 目標價(港元) 九龍倉集團(00004.HK) | 沽售 | 18.8元 恆基地產(00012.HK) | 買入 | 25.6元 希慎興業(00014.HK) | 買入 | 14元 新鴻基地產(00016.HK) | 買入 | 88.8元 新世界發展(00017.HK) | 沽售 | 4元 信和置業(00083.HK) | 買入 | 9.3元 恆隆地產(00101.HK) | 買入 | 7.05元 嘉里建設(00683.HK) | 買入 | 21.8元 置富產業信託(00778.HK) | 買入 | 4.6元 領展房產基金(00823.HK) | 買入 | 47.25元 長實集團(01113.HK) | 中性 | 35.5元 太古地產(01972.HK) | 買入 | 19.35元 九龍倉置業(01997.HK) | 買入 | 25元 冠君產業信託(02778.HK) | 沽售 | 1.42元
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