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《大行報告》中信証券:內房業短期機會在政策放鬆後需求復甦 中長期來自城中村改造等增量業務
中信証券發表研究報告指出,7月以來內地房地產政策明顯放松,認房不認貸落地、存量按揭利率下調、 多地放鬆限購,行業正從周期底部向新發展模式轉變。行業短期機會在於政策放鬆後的需求復甦,中長期機會來自城中村改造和保障房建設帶來的增量業務。 該行認為,房地產企業唯有持續發展,才能解決問題,持續獲取優質土地,推進庫存換牌提質的企業,未來收入和盈利能力彈性更大,在行業新發展模式中取得先機。 此外,該行推薦華潤置地(01109.HK)、上海臨港(600848.SH)、天健集團(000090.SZ),華發股份(600325.SH)、越秀地產(00123.HK)、濱江集團(002244.SZ)及城建發展(600266.SH)等公司。 港股內房股中,該行予華潤置地、越秀地產、龍湖集團(00960.HK)及綠城中國(03900.HK)「買入」評級。
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