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中金:內房股風險收益優勢突出 看好融創(1918.HK)等
格隆匯 11-04 16:18

中金髮表研究報告表示,中資地產股當前風險收益優勢突出,建議投資者加配基本面紮實的優質股,A股方面看好保利地產(600048.SH)、金地集團(600383.SH)、陽光城、中南建設、萬科;H股方面則看好融創中國(1918.HK)、中海外(0688.HK)、華潤置地(1109.HK)、龍湖集團(0960.HK)等。

物業管理板塊亦被看好,首選碧桂園服務(6098.HK),永升生活服務(1995.HK)及中海物業(2669.HK)。

報告指出,預計所覆蓋的地產A和H股標的今明兩年可實現平均不低於20%的核心利潤增長,當前市場一致預期下調風險較低。報告又預期地產銷售於2020年全年仍將保持平穩,預計全國銷售面積按年下跌4%、銷售金額按年增長1%。實際竣工水平預計將在今年四季度增幅提升,明年料按年上升9%。

報告中亦預期,明年前十房企集中度料從現時的29%提升至32%,未來5年銷售額平均可實現10%以上的按年增幅。

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