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麥格理:內房龍頭9月旺季銷售強勁 首選龍湖、世房及金茂
格隆匯 10-04 11:52

麥格理近日發表報告引述CRIC公佈內地物業發展商於今年9月合約銷售初始數據,按行業首100間內房商於9月合約銷售按月上升24%(對比8月按月跌2%),顯示行業有復甦情況。按年計,內地物業發展商9月註冊銷售按年升11%,而今年首九月註冊銷售按年增長4%(對比今年首八月升3%)。

該行指其所追蹤內房商的銷售表現持續跑贏首100間內房商,按銷售額計,9月按年升29%、按月則升27%,今年以來銷售按年升15%,如期向全年目標(約20%至25%增長)推進。該行指9月銷售復甦符合預期,發展商亦加推項目及進行推廣,發展商重視增強現金收益,料相關情況會延續至第四季。

麥格理表示,內房股首選龍湖(00960.HK)、世房(00813.HK)、中國金茂(00817.HK),因三間公司銷售表現強勁,9月合約銷售按年各升54%、57%及35%,均予“跑贏大市”評級,各予目標價36.66港元、30.05港元及6.94港元。

該行稱,對內房龍頭髮展商於今年第四季前景樂觀,料內地支持政策會趨向積極、銷售趨勢按年持續改善、兼且估值便宜,行業目前相當預測市盈率5倍屬吸引(對比十年平均為7.2倍)。

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