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野村:對內房股維持“中性”看法 首選世茂(0813.HK)等5股
格隆匯 07-02 15:22

野村發表行業報告指,內房企業6月銷售按年增長為該行預期的上限,相信主要由供應所帶動,原因是月內中國前十大城市銷售量為65%,較去年同期的68%為低,加上市場銷售增長亦較疲弱,預期7月份銷售將按月下滑5至10%,惟仍可保持按年增長5至10%。該行未來三個月對行業維持“中性”看法,並偏好有高銷售和高盈利表現兼派息增長能見度高的內房股,列世茂集團(0813.HK)、龍光集團(3380.HK)、合景泰富(1813.HK)、中海外(0688.HK)及中國金茂(0817.HK)為行業首選,均予“買入評級。

野村指,該行所覆蓋的17家內房企業6月份銷售按月增加29%,按年亦升11%,增幅較5月份的9%加快;上半年內房銷售按年跌1%,平均已完成全年銷售目標的40%,當中金茂、中海外及雅居樂(3383.HK)達標率逾45%。

野村估計未來三個月政策環境將保持平穩,惟預期內房中期業績欠佳;儘管行業估值處於低位,但對第三季銷售可持續性的憂慮或會限制內房股的股價走勢。

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