《大行報告》高盛料內房6月合約銷售按年跌20%至35% 下半年在岸及離岸償債壓力仍高
高盛發表研究報告指出,內房需要進一步改善流動性,除了宏觀相關問題如地方政府融資平台債務風險的改善跡象及需求側的支持外,該行相信進一步延長債務期限、優化預售保證金控制及鼓勵國企收購活動,均有助改善流動性狀況。
不過,該行指如沒有相關的寬鬆政策出台,內房短期前景則充滿挑戰,預期6月份合約銷售額按年跌20%至35%,而6至12月的在岸及離岸償債壓力依然較高,未違約的民營企業約佔未償債務總額的一半(不包括違約的開發商)。
內房股 | 投資評級 | 目標價
雅居樂(03383.HK) | 中性 | 2.4元
萬科企業(02202.HK) | 中性 | 16.2元
中海宏洋(00081.HK) | 買入 | 5.2元
中國海外(00688.HK) | 買入* | 28.4元
華潤置地(01109.HK) | 買入 | 48元
碧桂園(02007.HK) | 中性 | 2.8元
新城發展(01030.HK) | 買入* | 4.3元
中國金茂(00817.HK) | 買入 | 2.14元
綠城中國(03900.HK) | 買入 | 16元
富力地產(02777.HK) | 沽售 | 1.9元
大悅城(00207.HK) | 中性 | 0.4元
合景泰富(01813.HK) | 沽售 | 0.79元
龍湖集團(00960.HK) | 買入 | 33元
寶龍地產(01238.HK) | 中性 | 1.9元
紅星美凱龍(01528.HK) | 沽售 | 2.95元
*確信名單
物管股 | 投資評級 | 目標價
雅生活服務(03319.HK) | 中性 | 9.6元
碧桂園服務(06098.HK) | 買入 | 25.7元
中海物業(02669.HK) | 買入 | 13元
華潤萬象生活(01209.HK) | 中性 | 53元
綠城服務(02869.HK) | 買入 | 7.1元
金科服務(09666.HK) | 沽售 | 10.5元
萬物雲(02602.HK) | 買入 | 63元
保利物業(06049.HK) | 買入 | 62元
寶龍商業(09909.HK) | 中性 | 7.1元
新城悅服務(01755.HK) | 中性 | 9.6元
世茂服務(00873.HK) | 沽售 | 2.4元
融創服務(01516.HK) | 沽售 | 3.5元
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