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大行评级 | 花旗:料内房股现极低估值水平不会维持太久 首选润地、龙湖及旭辉等
格隆汇1月4日丨花旗发研报指,该行所监察的31家上市内房于去年12月份合约销售额按年下跌26%,跌幅较11月的30%有所收窄,按月计更增长23%,表现好过预期。其中龙湖集团(0960.HK)按年增长43%,华润置业(1109.HK)增16%,均创下新高。 花旗认为,由于需求受到市场预期及房产税政策等因素影响,加上农历新年前供应减少及去年高基数,预期房企今年第一季将要面对销售压力,料销售额将按年下跌30%。考虑到去年第四季至今年首季楼市需求疲软,加上去年下半年内房未有积极补充土储,花旗预测2022年上市内房销售将按年跌约4%,相信随着市场波动性和风险消退。花旗认为现时内房股的极低估值不会维持太久,看好具有防守性及增长的动力的公司,首选华润置地、龙湖、保利发展(600048.SH)及龙光。
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