《大行報告》大和:潤地(01109.HK)及越秀地產(00123.HK)爲長線具防守性選擇
大和發表報告指出,監於8月底以來內地多個城市政策放寬力度加大,該行於近期走訪包括北京、上海、廣州、深圳及杭州等在內的9個城市,以衡量對房屋銷售的影響。
該行發現,「認房不認貸」政策對大部分城市影響有限,雖然大部分項目在政策公佈後銷售中心人流量出現激增情況,惟當中只有少部分項目的銷售有明顯改善,而相關情況僅持續2至3周。同時,該行觀察到市場對放寬限購政策的反應更爲強烈,尤其是於杭州,市場情緒得以重振。然而,政策帶動的銷售復甦並未導致樓價上升,目前亦未看到購屋情緒向周邊城市外溢。
此外,該行認爲儘管內地對樓市的政策支持力度加大,但房地產市場仍然不穩,大部分城市的銷售改善情況短暫。該行料政府將有更多支持政策出店,特別是在一線城市,但對當中的成效仍存懷疑態度。
該行指華潤置地(01109.HK)及越秀地產(00123.HK)爲長線具防守性選擇,而在政策支持下,該行看好龍湖集團(00960.HK),評級均爲「買入」(看另表)。
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