《大行》匯豐研究看好五港股 包括新地、恆地、中電、中金及東亞銀行
匯豐研究發表報告提出5只看好的港股,包括新地(00016.HK)、恆地(00012.HK)、中電(00002.HK)、中金公司(03908.HK)及東亞銀行(00023.HK),均予「買入」評級。
報告指出,新地最近成功推售西沙新盤Sierra Sea,展現出強大的執行能力,加上其房地產銷售的快速資產流轉,相信公司已重回增長軌道,而且在不斷增長的投資物業管道支持下,股息可見度良好。
至於同屬發展商的恆地,最近與簡街資本(Jane Street)簽訂的辦公室預租交易,爲其中環新海濱項目帶來正面驚喜。該行表示,經常性收入改善,有助於公司增強股息前景的韌性,加上較低的借貸成本和預期更佳的物業銷售,對恆地的盈利前景持建設性看法。
匯豐研究又提到,相信香港的電力公用事業業務將受惠於政府的淨零目標和長期的人口結構轉變。該行特別看好中電,認爲其盈利受到「管制計劃協議」保護,而且在香港擁有更強的自然增長潛力。
該行對中金公司的目標價爲25.5元,預計公司將最能受惠於香港IPO加速。另外,公司可能在港擴大其現有許可業務的範圍,提供虛擬資產交易服務,這或會將其估值框架轉變爲高附加值服務模式。
最後,該行看好東亞銀行,認爲其估值不高,而且有很大潛力進行股票回購,CET1比率爲24.1%,今年預計股息收益率爲6.2%。在敏感度方面,東亞銀行的CET1比率每下降1個百分點,或導致11%的特別股息收益。
匯豐研究發表研究報告,對五大推薦股投資評級及目標價表列如下:
股份 | 投資評級 | 目標價(港元)
東亞銀行(00023.HK) | 買入 | 13.9元
中電控股(00002.HK) | 買入 | 80元
中金公司(03908.HK) | 買入 | 25.5元
恆基地產(00012.HK) | 買入 | 34.2元
新鴻基地產(00016.HK) | 買入 | 112.9元
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