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摩通:大型内房看好万科(2202.HK)及中海外(0688.HK)
格隆汇 10-15 15:47
摩根大通发表报告指,宝龙地产(1238.HK) 公布折让8.6%,以每股5.4港元配股,筹资7.92亿港元。是次配股折让较该公司两年前的配股折让9%至10%稍低,亦较昨日(14日)彭博报道作价下限收窄0.9%,可见市场的反应不俗。
该行表示,在年初至今内房行业表现最佳的股份中,时代中国(1233.HK) 及中国金茂(0817.HK) 已作出配售,相信佳兆业(1638.HK) 在寻求一个良好的配股作价前,仍需时重建投资者信任。而融创中国(1918.HK) 、新城发展(1030.HK) 、旭辉(0884.HK) 、奥园(3883.HK) 、中骏(1966.HK) 及美的置业(3990.HK) 等的股价目前距离历史高位仍有10%至20%,从管理层的角度而言,该行认为并非筹资的最佳时机。
摩通提到,龙湖(0960.HK) 股价昨日再创新高,相信该集团的第二大股东有可能进行配股,而集团似乎并不会配售新股,因其正在扩张,且目前的财务资源亦足够集团进行扩张。
该行又称,行业在9月的销售强劲,为行业股份在10月初表现跑赢的主要原因,股价同时亦受惠人民币升值。摩通建议投资者买入有销售改善前景的落后股份。股份方面,大型股该行喜好万科企业(2202.HK) 及中海外(0688.HK) ,中型股喜好碧桂园(2007.HK) 及富力地产(2777.HK) ,小型股则喜好美的置业及中骏。
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