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富瑞:料內房3月銷售將改善 行業首選旭輝(0884.HK)等4股
格隆匯 03-02 13:29

富瑞發表行業報告稱,據CRIC數據顯示,內地主要開發商2月平均銷售按年下跌53%,隨着業務逐步復甦及政策進一步支持下,預計3月房地產銷售將持續改善,並有望在4月份開始出現按年增長,維持旭輝(0884.HK)、融創中國(1918.HK)、合景泰富(1813.HK)及中駿集團(1966.HK)為行業首選股,目標價分別為7.85港元、52.38港元、13.5港元及6.66港元。

富瑞指,受中國爆發新冠疫情影響,市場均預期樓市銷售疲弱,而在30家主要內房中,招商局置地、中國金茂、時代中國及中國奧園2月銷售相對疲弱,按年倒退逾65%。該行認為,中央政府料對內地樓市維持“不投機、不刺激”基調,但在實際執行上,考慮到地方政府對房地產相關收入的依賴度較高,相信將繼續有更多城市層面的放鬆或行政措施出台,以減輕內房企業現金流的壓力。

該行又指,受全球疫情持續惡化拖累,內房股未來幾日股價料會進一步調整,但基於銷售改善,2019年業績良好以及政策進一步放寬,該行對板塊看法仍樂觀,並建議繼續增持內房股,當中較青睞在一、二線城市擁有豐富及低成本的土地資源,且執行力強的房企。

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