大行評級|瑞銀:香港銀行最優惠利率下調幅度大於預期應可支持近期樓市交投
瑞銀髮表報吿指,香港銀行再下調最優惠利率25個基點,由5.625%降至5.375%,下調幅度大於預期的12.5個基點,對香港樓市屬於正面驚喜。最新的樓花按揭利率將從3.88%下降至3.63%,對比最新的租金收益率3.6%,已經實現了中性息差。該行預期明年初住宅市場將進入正向息差。不過,美國總統大選後,市場下調了對美聯儲的減息預期。瑞銀預期,最優惠利率的下調幅度大於預期應可支持近期的樓市交投。因此,恒基地產、嘉裏建設及新鴻基地產應可受惠。相反,鑑於美國10年期收益率由9月中的3.6%回升至4.3%,加上對人民幣貶值的憂慮,該行對經營香港零售租賃業務的地產商持審慎態度,即港鐵、九龍倉置業及領展。
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