房地产行业香港私人住宅售价连续上升七个月关注本地地产板块补涨潜力

120261303-mth

P/E

YldP/B(x)

Sharepxchg(%)Company Ticker

Mktcap(US$m)

avgt/o(US$m)

EPSCagr(x) Hist Hist

Hist(%)1-mth3-mth12-mthHSI27,46013.612.211.81.152.83.11.501.4810.410.56.24.535.8HSCEI9,34912.311.112.21.012.72.91.381.3811.111.04.00.026.6CSI3004,71717.114.714.51.172.32.61.861.8310.210.81.40.123.6SectorAverage17.717.017.25.53.63.60.30.4(1.7)(0.3)0.421.921.559.3SectorMedian17.916.78.83.04.44.50.30.40.72.10.815.218.949.7CkAssetHolding1113HK45.6420,45921.912.111.82.54.813.84.00.410.402.93.31.815.218.940.6HendersonLandD12HK31.1619,32225.519.216.515.11.275.85.80.470.471.92.41.39.913.444.3SinoLand83HK11.6814,18910.022.923.01.515.695.05.00.630.622.42.81.214.120.456.4KerryPpt683HK24.084,4764.016.716.949.70.345.65.60.340.340.62.10.418.021.957.4NewWorldDev17HK11.423,68112.8N/AN/AN/A0.00.00.180.18(9.5)(0.9)(3.0)58.653.7173.9KWahIntlHldgs173HK2.591,0460.8N/AN/AN/AN/A1.51.50.200.200.70.10.823.914.649.7FeConsortIntl35HK0.823210.1N/AN/AN/AN/AN/AN/A0.20N/A(11.1)(11.6)0.613.97.9(6.8)來源:公司資料,CrosbySecuritiesAvg.+/-1SD+/-2SD圖1過去5年預期市盈率區間 圖3市Avg.+/-1SD+/-2SD

0.6

Avg. +/-1SD +/-

205.9121.737.6(46.6)(130.8)

0.50.40.30.20.10.029-Jan-16 29-Jan-18 29-Jan-20 29-Jan-22

0.50.30.20.029-Jan-16 29-Jan-18 29-Jan-20 29-Jan-22 29-Jan-24來源:公司資料,CrosbySecurities 來源:公司資料,CrosbyMSCI中國指數 89.22 36.2滬深300指數 4,706.34 23.31005,000904,500804,0007060 3,500MSCI中國指數 滬深300指數503,000MSCI中國指數 89.22 36.2滬深300指數 4,706.34 23.31005,000904,500804,0007060 3,500MSCI中國指數 滬深300指數503,00030/1/25 30/4/25 31/7/25 31/10/25上證指數深證指數3.8 3.82,683.73 6.0 6.026.740.44,3002,9004,1002,7003,9003,7002,5003,5002,3003,3002,1003,1002,9001,9002,700 上證指數 深證指數1,7002,5001,50030/1/2530/4/2531/7/25 31/10/25恆生指數國企指數9,317.096.94.56.94.535.426.230,00028,00026,00024,00022,00020,00018,00010,0009,500 98,5008,0007,5007,0006,500 恆生指數 國企指數16,00030/1/256,0005,50030/4/2531/7/2531/10/2527,0008,00024,0007,00021,00018,000 標普/ 澳洲206,00015,000 5,00030/1/2530/4/2531/7/2531/10/25160,0001,8005,00060150,0001,6004,50050140,000401,400 4,000130,000301,200 3,500120,00020110,000 1,0003,000 IPC45,000 1,600已開發市場指數新興市場指數摩根士丹利世界指數100,00030/1/2510VIX波動率指數-30/4/2531/7/2531/10/2540,000 1,40030/1/2580030/4/2531/7/2531/10/252,50030/1/2530/4/2531/7/2531/10/25標普500 6,969.01 道瓊工業指數 49,071.56 2.1 2.1 9.38,00055,000 50,0007,00045,0006,00040,0005,00035,000標普500 道瓊工業指數4,00030,00030/1/25 30/4/25 31/7/25 31/10/25富時100德國DAX法國CAC402.2 2.2 24,406.92 (0.3) (0.3) 8,082.44 (0.8) (0.8) 11,00027,00010,0009,00025,0008,00023,0007,0006,00021,0005,00019,0004,0003,0002,000富時100法國CAC4017,000德國DAX15,00030/1/2530/4/2531/7/25 31/10/25西班牙IBEX352.4 2.442.7義大利富時MIB45,327.41 0.9 0.924.4瑞士SMI(0.7) (0.7)4.548,00018,00044,00016,00040,00014,00036,00012,00032,00010,000義大利富時MIB西班牙IBEX35瑞士SMI28,0008,00030/1/2530/4/2531/7/2531/10/25日經NIKKEI2日經NIKKEI225 53,322.85韓國KOSPI 5,224.3624.0 24.034.960,0005,50055,0005,00050,0004,50045,0004,00040,0003,5003,00035,0002,50030,0002,00025,000 日經NIKKEI225韓國KOSPI1,50020,0001,00030/1/2530/4/25 31/10/25臺灣TWSE 32,063.75 36.3新加坡STI 4,907.99 29.131,0005,500 28,0005,0004,50025,0004,00022,0003,50019,000 3,000臺灣TWSE 新加坡16,0002,50030/1/25 30/4/25 31/7/25 31/10/25標普/多倫多TSX33,016.134.14.127.9澳洲ASX208,869.151.81.84.436,00010,00033,000 9,00030,000 88,0007,5007,0006,5006,0005,5005,000 2,1001,9001,7001,5001,3001,1009004,500 菲律賓PCOMP 馬來西亞FBMKLCI泰國SET4,00030/1/25 30/4/25 31/7/25VNIndex31/10/2570050031/10/2531/7/2530/4/25沙烏地阿拉伯SASEIDXTASI-60,00030/1/25印度孟買SENSEX66,00063,000 2,00012,00010,0008,0006,0004,00014,00090,00087,00084,000 81,00078,00075,00072,00069,0006.9(8.3)(3.7)8.5(3.7)8.5印度孟買SENSEX 82,069.71沙烏地阿拉伯SASEID 11,382.0831/10/2531/7/25北歐OMX1,000KFX荷蘭AEX30/4/25 1,500700650 60030/1/25800 2,0007503,0002,5003,5001,0501,0009509008508.4(16.4)14.04.74.7996.021,726.603,035.43荷蘭AEX丹麥KFX北歐OMX3.6(0.8)44.64.63.52.54.63.52.56,328.971,325.381,829.04菲律賓PCOMP馬來西亞FBMKLCI泰國SET越南VNIndex巴西IBOV183,133.7513.713.744.3已開發市場指數2,584.032.62.617.8摩根士丹利世界指數4,546.292.62.618.0墨西哥IPC69,492.438.18.133.5新興市場指數1,663.998.28.236.8VIX波動率指數16.8812.912.96.675,0002,80070,0002,600 2,40060,0002,20055,0002,00050,0001,800來源:彭博社加拿大10年期國債收益5天bp)個月bp)3.42 個月bp)(5.8)4.003.603.202.802.40加拿大10年期國債收益率2.0030/1/2530/4/2531/7/25 31/10/25英國10年期國債收益率5天bp)個月加拿大10年期國債收益5天bp)個月bp)3.42 個月bp)(5.8)4.003.603.202.802.40加拿大10年期國債收益率2.0030/1/2530/4/2531/7/25 31/10/25英國10年期國債收益率5天bp)個月bp)4.53 個月(bp)(7.8)4.904.804.704.604.504.404.304.20 英國10年期國債收益率4.1030/1/2530/4/2531/7/25 31/10/254.804.604.404.20 4.003.80 3.603.403.203.0030/1/25 美國10年期國債收益率30/4/2531/7/2531/10/254.44.27美國年期國債收益率5天(bp)個月(bp)個月(bp)法國10年期國債收益率5法國10年期國債收益率5天bp)個月bp)3.42 (7.3) 0.4個月bp)6.23.703.503.303.102.902.70法國10年期國債收益率2.5030/1/2530/4/2531/7/25 31/10/25德國10年期國債收益率5天bp)個月bp)2.84 (6.4) 個月bp)3.102.902.702.502.302.101.901.70德國10年期國債收益率1.5030/1/2530/4/2531/7/25 31/10/25意大利10年期國債收益5天bp)個月bp)3.46 (5.6) 個月(bp)(6.3)4.504.003.503.002.50意大利10年期國債收益率2.0030/1/2530/4/2531/7/25 31/10/25西班牙10年期國債收益3.215西班牙10年期國債收益3.215天(bp)個月(bp)(6.3) 個月bp)4.003.603.202.802.40西班牙10年期國債收益率2.0030/1/2530/4/2531/7/2531/10/25葡萄牙10年期國債收益3.205天(bp)個月(bp)(6.6) 個月bp)6.53.603.202.802.40葡萄牙10年期國債收益率2.0030/1/2530/4/2531/7/2531/10/25日本10年期國債收益率5天bp)個月bp)2.25 (0.5) 個月(bp)69.12.602.101.601.10日本10年期國債收益率0.6030/1/2530/4/2531/7/25 31/10/25中國10年期國債收益率5中國10年期國債收益率5天bp)個月bp)個月bp)8.12.201.801.40中國10年期國債收益率1.0030/1/2530/4/2531/7/25 31/10/25泰國10年期國債收益率5天bp)個月bp)個月bp)43.12.502.001.501.000.50泰國10年期國債收益率-30/1/2530/4/2531/7/25 31/10/25澳洲10年期國債收益率5天bp)個月bp)個月4.81 50.0(bp)5.004.804.604.404.204.003.80澳洲10年期國債收益率3.6030/1/2530/4/2531/7/25 31/10/2555天(bp)個月(bp)個月(bp)5天(bp)個月(bp)個月(bp)5天(bp)個月(bp)個月(bp)印度年期