《大行》大摩料新地(00016.HK)恆地(00012.HK)最能受惠於施政報告潛在樓市刺激措施
摩根士丹利發表研究報告指,雖然住宅物業及零售市況趨穩,但市場普遍仍期待9月17日公布的新一份施政報告會公布利好樓市的措施,當中包括將進一步削減樓價600萬元以下住宅物業印花稅、放寬資本投資者入境計劃要求以刺激豪宅投資需求、設立「購房資金通」計劃,以及加快北部都會區土地收回及基建建設。
零售市場方面,大摩指出雖然出台刺激措施的可能性較低,但若推出消費券等計劃,通常可帶動零售銷售,尤其利好領展(00823.HK)旗下商場。該行又指,啟德體育園開幕後本港不時舉辦大型體育及娛樂活動,有助吸引各地旅客訪港。
整體而言,大摩預期新地(00016.HK)及恆地(00012.HK)可能最大程度受惠於任何潛在樓市支持政策,均予「增持」評級;雖然近期HIBOR回升,但美聯儲可能減息亦將帶來支持。大摩較不看好九倉(00004.HK)及新世界發展(00017.HK),認為前者中國業務面臨挑戰,而後者則流動性緊絀,予「減持」評級。
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