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《大行報告》花旗:內房股1月銷售按年跌44%至五年低 行業首選潤地及龍湖等四股
花旗研究部發表報告指,31家上市內地房企的1月銷售額按年下跌44%,跌至5年低點,部分原因是疫情所致,估計情況可能從5月開始纔會回穩。該行行業首選爲華潤置地(01109.HK)、龍湖(00960.HK)、保利置業(00119.HK)、旭輝(00884.HK)。 花旗表示,儘管託管貸款放寬和資產處置漸增,但內房流動性仍然緊張,境內資產的買家以是國有企業爲主,預計下一個政策窗口可能在3月中旬、兩會之後。 花旗預計,「三條紅線」政策下的紅檔內房有恆大(03333.HK)、富力(02777.HK),橙檔有禹州(01628.HK)、融創(01918.HK),由綠檔跌入黃檔的有世茂(00813.HK)、雅居樂(03383.HK)、融信(03301.HK)、寶龍地產(01238.HK),旭輝崛起爲綠檔。該行預期,爲保留現金,內房削減股息支付似乎是無可避免。
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