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《大行》匯豐研究對內房行業保持樂觀 看好潤地(01109.HK)、建發(01908.HK)及金茂(00817.HK)
匯豐環球研究發表報告指,在近期內房銷售數據放緩的背景下,投資者對政策憧憬加快。該行認爲,7月是一個波動的月份,政肩[的窗口是本月底的中央政治局會議會否有新消息出臺,但經歷上半月的市場樂觀情緒,料內房股隨後有可能出現獲利回吐。 該行對內房行業仍有信心,並保持樂觀態度。即使銷售勢頭進一步放緩,部分股票亦具有相對抗跌能力。國企股有能力將其現有資產及土地儲備貨幣化,同時繼續再投資於土地市場以取得進一步增長。 該行看好華潤置地(01109.HK),認爲其擁有優質的投資物業組合,雖然面臨消費降級週期,但仍能展現韌力。該行又維持買入建發國際集團(01908.HK)。另外,由於中國金茂(00817.HK)在興建豪宅項目的表現令人鼓舞,料市場將關注其轉虧爲盈的表現。 該行又提到,中國海外發展(00688.HK)的市盈率低至0.3倍,在國企中最低,予該股「持有」評級,認爲其當前估值已適當地反映了盈利風險。
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