摩根士丹利发表研究报告指，虽然住宅物业及零售市况趋稳，但市场普遍仍期待9月17日公布的新一份施政报告会公布利好楼市的措施，当中包括将进一步削减楼价600万元以下住宅物业印花税、放宽资本投资者入境计划要求以刺激豪宅投资需求、设立“购房资金通”计划，以及加快北部都会区土地收回及基建建设。
零售市场方面，大摩指出虽然出台刺激措施的可能性较低，但若推出消费券等计划，通常可带动零售销售，尤其利好领展(00823.HK) 旗下商场。该行又指，启德体育园开幕后本港不时举办大型体育及娱乐活动，有助吸引各地旅客访港。
整体而言，大摩预期新地(00016.HK) 及恒地(00012.HK) 可能最大程度受惠于任何潜在楼市支持政策，均予“增持”评级；虽然近期HIBOR回升，但美联储可能减息亦将带来支持。大摩较不看好九仓(00004.HK) 及新世界发展(00017.HK) ，认为前者中国业务面临挑战，而后者则流动性紧绌，予“减持”评级。(gc/j)(港股报价延迟最少十五分钟。沽空资料截至 2025-09-10 16:25。)
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