Financial news
Written by: Zhang Weilun
2019-12-06 08:30
Last updated: 2019-12-06 08:30Mainland property stocks have recently become the market darlings, and big banks have also joined in singing. Citi released a report that it believes that the profitability of domestic properties can be seen. It is also expected that the performance in the fourth quarter will continue into 2020.
The bank pointed out that based on the 34 domestic property stocks covered, sales rose 31% last year and 19% this year, and sales are expected to increase by 13% next year.
The bank also expects that market consolidation will accelerate next year. It is expected that the top ten real estate developers will record a total of 4.8 trillion yuan in sales (the same applies hereinafter), and raise the threshold for entering the top ten sales to 300 billion yuan.
Citi believes that in the first quarter of next year, more local governments will adjust the property market regulation and control policies and factors such as downward interest rates will become potential catalysts.
The bank also pointed out that there are only 7 Sunview China (1918), Shimao Real Estate (0813), Xuhui Holdings (0884), Longguang Real Estate (3380), Longhu Group (0960), China Resources Land (1109) and Time China (1233). China property stocks are preferred.
Hejing's November sales increased by more than 30%, Citi raised target price
Country Garden's November sales surged 78% to 60.15 billion yuan
Sunac China: 632 projects in 120 cities nationwide in the first half of the year
Sunac spends 15.3 billion yuan to purchase 18 projects in cities such as Chengdu and Changsha
China Housing Land Sunac China Resources Land