《大行报告》花旗料内房股中期核心盈利升19%首选融创及润地等六股
花旗发表报告表示,预期内房股中期核心盈利将按年上升19%。该行指,行业於2017/2018年度合约销售强劲(按年升49%及31%),预期2019年上半年收入增长达28%,但部分将被利润率较低所抵销,而该行亦预期毛利率为29.3%(2018年同期为31%),纯利率料为10.8%(2018年同期为12.3%)。
该行料,内房股将可跑赢大市,且股价强势可持续,主要受惠於内地政策稳定及楼市正面、盈利前景能见度高以及估值吸引等因素。
花旗指,在内房行业中该行首选融创中国(01918.HK)、新城发展(01030.HK)、奥园(03883.HK)、龙光(03380.HK)、龙湖(00960.HK)及华润置地(01109.HK)。
该行亦预测,奥园、新城发展、龙光、融创中国及时代中国(01233.HK)於今年上半年核心盈利可跑赢同业,料可按年各升55%、48%、43%、36%及35%。
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