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《大行》瑞銀:拆息反彈或觸發地產股短期回調
瑞銀髮表報告指,近期香港銀行同業拆息反彈,預計將引發香港房地產行業短期回落。 該行團隊預期香港銀行同業拆息在第三季底將穩定在2%至2.5%之間,預測到2025年底爲2.2%,到2026年底爲1.6%。儘管反彈與該行預期一致,但認爲在HIBOR穩定之前,短期內仍可能拖累地產股表現。
該行指,由現在至9月中,採取防守立場,看好股息率高且可持續的地產股,如信和置業(00083.HK)、太古地產(01972.HK)、恆隆地產(00101.HK)及領展(00823.HK)。相反,該行相信其他香港發展商(長實(01113.HK))及股息率較低或淨負債較高的大業主(如九龍倉(00004.HK)、置地、港鐵(00066.HK)、希慎(00014.HK))表現或會欠佳。
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