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交銀國際:1月內房銷售略勝預期 呼籲買入龍光及世茂房地產
格隆匯 02-11 14:23

交銀國際發研報指,根據克而瑞的初步數據,今年1月份前10和前30家開發商的合同銷售額分別按年下降11%。考慮到2020年春節時間與2019年不同,以及疫情爆發的影響,該行認為1月份內房銷售表現仍略好於預期。

報告又指,大型開發商保持較快的銷售。在前10開發商中,萬科(2202.HK)、碧桂園(2007.HK)、金地(600383.SH)和招商蛇口(001979.SZ)保持正增長。在追蹤的20家主要房企中,2019年第一季合同銷售額平均只佔全年的19%,預計疫情如能在短期內受控,其影響將有限。

長遠來看,仍然偏好銷售執行力強、利潤率高、財務穩健、估值較低的開發商,首選龍光地產(3380.HK),並推薦世茂(0813.HK),均予“買入”評級。

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