《大行報告》高盛料本港地產股上半年盈利強勁 維持行業正面看法
高盛發表研究報告,預期香港6大發展商上半年盈利表現強勁。其中發展物業業務帶動EBITDA表現增長,發展物業盈利表現亦受惠中港住宅市場交易量和價格帶動。
該行指,本港住宅市場上半年的表現,較去年全年表現更好,當中只有新地(00016.HK)銷售下跌。就如該行上月的行業報告中提到,住宅成交、樓價,及美國國債息率都是帶動本地發展商股價上升的因素。
該行又指,盈利改善有助派息增長,當中包括新地與長實集團(01113.HK),而信置(00083.HK)或會派發特別息。雖然股價已經反彈,該行對行業維持樂觀看法。基於新地、新世界(00017.HK)、信置、嘉里建設(00683.HK)股價較NAV折讓幅度達60-70%,給予「買入」評級;而長實集團與恆地(00012.HK)則為「中性」。
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