花旗:料內房股現極低估值水平不會維持太久 首選潤地、龍湖及旭輝等
花旗發研報指,該行所監察的31家上市內房於去年12月份合約銷售額按年下跌26%,跌幅較11月的30%有所收窄,按月計更增長23%,表現好過預期。其中龍湖集團(0960.HK)按年增長43%,華潤置業(1109.HK)增16%,均創下新高。
該行表示,單就去年12月份而言,內房股銷售表現呈現兩極分化情況,當中9家公司恢復增長,包括招商蛇口(001979.SZ)、禹洲(1628.HK)、龍光(3380.HK)、中國海外(0688.HK)等,同時亦有8家公司錄得50%以上跌幅。
花旗認為,由於需求受到市場預期及房產税政策等因素影響,加上農曆新年前供應減少及去年高基數,預期房企今年第一季將要面對銷售壓力,料銷售額將按年下跌30%。該行指,考慮到去年第四季至今年首季樓市需求疲軟,加上去年下半年內房未有積極補充土儲,花旗預測2022年上市內房銷售將按年跌約4%,相信隨着市場波動性和風險消退。花旗認為現時內房股的極低估值不會維持太久,看好具有防守性及增長的動力的公司,首選華潤置地、龍湖、保利發展(600048.SH)及龍光。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.