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《大行報告》大和:內房股難達全年銷售目標 料板塊目前仍未走出困境
大和發表研究報告認爲,中國房地產數據10月份進一步趨弱,而內房信貸進一步放鬆,以及部分城市放寬土地招標要求,對發展商而言是正面信息,惟認爲內房板塊目前仍未走出困境,可能會看到更多財務疲弱的發展商面臨財務困難。 該行指出,由於其追蹤的發展商,於首十個月份僅完成75%的銷售目標,估計買家續採取觀望態度,預期部分發展商或無法實現全年銷售目標,料至2022年大部分發展商將持保守態度,銷售增長目標將由2011年的11%,降至2022年的5%或持平。 該行認爲,內房未來仍然存在不確定性,可能有更多發展商出現流動性問題,但相信內房質素將持續改善,中港房地產公司對全球投資者的重要性或有所增加。而內房板塊中,首選龍湖集團(00960.HK)和華潤置地(01109.HK),均爲「買入」評級,目標價分別爲55.9及44元。
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