You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
大和:下半年内房挑战仍大 首选世茂(0813.HK)等五股
格隆汇 09-06 14:02

大和资本发表行业研究报告指,该行调研了30间香港上市的内房企业在上半年的业绩表现,发现期内多间内房股均出现核心盈利收窄、合同销售增长放缓,以及毛利下降的迹象,相信此情况会延续至今年全年,意味下半年行业仍面临挑战,因此建议投资者续挑选盈利及销售表现较稳定的内房股,首选世茂房地产(0813.HK)、中海外、华润置地、龙湖及旭辉控股,均予其“买入”投资评级。

该行解释,尽管上半年该30间内房企业总收入按年增加15%至1.28万亿元(人民币,下同),惟核心盈利仅升2%至1600亿元,主因是期内毛利率均有所下跌。此外,部分发展商去年第四季拿地策略变得较为活跃,然而内地收紧发展商贷款将令小型及过份扩充的房企受压。

该行预期,内地将持续收紧大部分城市的房地产调控措施,或会打击内房下半年合同销售,并相信一、二线城市销售表现会持续优于低线城市,因此该行较偏好集中在一、二线城市发展的内房股。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account