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《大行》大摩:市場預期香港樓價觸底 看好新地(00016.HK)及恆地(00012.HK)
摩根士丹利發表研究報告指,日前與美聯等樓市專家討論後,認為本港住宅市場將受到潛在供應量已見頂回落、HIBOR下降及內地買家佔比提升所支持,樓價或潛在見底。上半年整體住宅成交按年增3.9%至2.95萬伙,其中400萬港元以下物業成交更飆升305%,主要由於預算案放寬低價物業印花稅至100元,有助刺激交投。 大摩認為,發展商持續去庫存,上半年新盤銷售率提升至62%,對比去年為57%,價格折扣則從12%收窄至9%。大摩引述美聯專家預期全年新盤銷售達1.8萬伙,按年增6%,樓價有望回升3%;租賃市場則受內地人才及學生需求帶動,預計全年租金水平可提升6%。 大摩維持對本港住宅樓市樂觀看法,推薦股息回報率較高及貨源充足的新地(00016.HK)及恆地(00012.HK),認為在利率下行環境中發展商將優先受惠,均予「增持」評級。
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