大行评级|摩根大通:香港房地产行业中首选领展、太古地产、信和置业

格隆汇
21 Feb

摩根大通发表报告指,大多数香港房地产公司及综合企业将于未来六周公布业绩,预计大部分公司的盈利会按年下跌,原因包括物业发展利润缩减;及租金收入下降,特别是写字楼及奢侈品零售。

至于派息方面,该行对信和置业太古地产等最有确定性;与此同时,长和、长实、九龙仓置业的每股盈利若逊于预期,则可能面对下跌风险。整体而言,业绩可能平平无奇,但有关资本循环的指引(如置地公司、太古地产及领展)可能是亮点,同时亦会留意内地奢侈品零售销售在第二季可能出现的改善(与恒隆地产有关)。

该行在香港房地产行业中首选领展、太古地产、信置。

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