智通财经APP获悉，摩根大通发布研报称，过去三个交易日，中国内地及香港地产板块分别上升7%及5%，表现跑赢同期恒生指数3%升幅。
该行认为内房股升势主要由于政策预期升温所推动，跑赢大市表现可能持续至11月底或12月的下一次政府会议。若届时没有新的政策叙事或措施，该板块可能再度落后。不过，目前行业基本面显示新政策支持的概率正在上升。该行首选仍然是华润置地(01109)、华润万象生活(01209)及中国金茂(00817)。在政策带动的反弹中，该行认为龙湖集团(00960)具备最佳风险回报比。
对于香港地产股，该行认为升势由于对楼市复苏信心增强。虽然该行对楼市仍持正面看法，但住宅类股估值已完全反映全面复苏预期，例如新鸿基地产(00016)若计入股息调整后股价已达历史高位，而二手楼价指数仍较高峰低26%。现阶段，该行认为地产收租股的风险回报更佳。首选为太古地产(01972)、恒隆地产(00101)、领展房产基金(00823)及九龙仓置业(01997)。开发商方面，该行较青睐信和置业(00083)及恒基地产(00012)。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.