富瑞:建議吸納優質內房股 如華潤置地、中國海外等6股
富瑞發研報指,CRIC數據顯示,由於購房者情緒持續疲弱,主要發展商11月銷售額按年下降31%,年初至今,按年增長放緩至7%,延續市場下行趨勢。富瑞表示,在芸芸發展商中,恆大(3333.HK)、佳兆業(1638.HK)、新力控股(2103.HK)、中國奧園(3883.HK)和中南建設(000961.SZ)的銷售跌幅最大,按年跌逾50%,而越秀地產(0123.HK)、金地集團(600383.SZ)和雅居樂(3383.HK)的銷售增長則為正數。該行預計,12月內地房地產銷售疲弱將導致全年銷售增長中單位數。該行指出,基於明年農曆新年較早,料監管機構將在未來兩個月繼續為發展商推出更多流動性支持措施,以滿足其工資及建築付款。
該行表示,由於預期內房行業將在實體市場逐步復甦的情況下,從目前低迷的估值中反彈,故上月中旬已將行業前景上調至短期看好。雖然該板塊近期或會因銷情疲弱而回落,但仍具有建設性,並建議在股價疲軟時累積優質股及低風險股,如華潤置地(1109.HK)、中國海外(0688.HK)、龍湖集團(0960.HK)、融創中國(1918.HK)、世茂集團(0813.HK)和合景泰富(1813.HK)。
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