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《大行》花旗:港銀同業拆息短期受壓 首選領展(00823.HK)新地(00016.HK)恆地(00012.HK)等
花旗發表研究報告指,早前港元觸發弱方兌換保證,金管局自2023年以來首次買入港元。金管局於5月收回流動資金,但現時一個月香港銀行同業拆息於7月7日已回升至1.05%。 該行表示,由於美元兌港元維持在接近區間上限的水平,加上美國非農數據較強,7月美國減息的可能性較低,金管局有可能繼續抽走港元流動資金,導致港銀同業拆息短期受壓。對於香港房地產而言,香港銀行同業拆息上升及上半年盈利疲弱將減少市場已計價的利好因素,但並非很強大的負面催化因素。 花旗認為,由於中國的息率壓縮週期導致所需回報率下降,預期投資者仍會聚焦於高收益股票,首選香港置地、領展(00823.HK)、新地(00016.HK)及恆地(00012.HK),均予「買入」評級,各予目標價47.25元、88.8元及25.6元。
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