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《大行報告》大和:內房發展商年初以來合同銷售低迷 料流動性問題未結束
大和發表報告指,雖然上海解除封鎖,及多地持續出台放鬆及支持樓市的措施,但內房股最近一周的股價仍然疲弱,預期內地房地產市場的復甦將需要較長時間,導致更多發展商出現現金流問題,尤其是債務即將到期且融資渠道有限的發展商。 該行表示,由於多數發展商年初至今的合同銷售緩慢,加上預期未來數個月的銷售表現將持續低迷,相信很多發展商的現金流將進一步收緊,少數發展商將有嚴重的流動性問題。 大和預計,由於行業消息持續好壞參半,未來數個月內房股料將維持區間震盪,建議投資者關注財務實力雄厚的發展商,例如龍湖(00960.HK)、華潤置地(01109.HK)和旭輝(00884.HK)。
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