中泰证券：一季度商品房销售环比回暖行业基本面仍旧弱势

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智通财经APP获悉，中泰证券发布研报指出，2024年1-3月房地产行业各项数据仍在低位徘徊，随着城中村改造等三大工程的持续推进，以及核心住房政策优化调整，未来行业数据有望随着政策的持续推出探底企稳，继续看好板块的投资机会，在核心城市政策放松和三大工程推动下，建议关注布局一二线城市且业绩稳健、安全度较高的房企，包括滨江集团(002244.SZ)、中华企业(600675.SH)、招商蛇口(001979...

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href=http://www.zhitongcaijing.com/content/detail/1105200.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP获悉，中泰证券发布研报指出，2024年1-3月房地产行业各项数据仍在低位徘徊，随着城中村改造等三大工程的持续推进，以及核心住房政策优化调整，未来行业数据有望随着政策的持续推出探底企稳，继续看好板块的投资机会，在核心城市政策放松和三大工程推动下，建议关注布局一二线城市且业绩稳健、安全度较高的房企，包括滨江集团(002244.SZ)、中华企业(600675.SH)、招商蛇口(001979...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1105200.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999014674.SGD","symbol_name":"Nikko AM All China Equity A 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Securities: Commercial housing sales picked up in the first quarter from the previous quarter, and the fundamentals of the industry are still weak","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01109":1,"03900":0.9,"00123":0.9},"content_text":"智通财经APP获悉，中泰证券发布研报指出，2024年1-3月房地产行业各项数据仍在低位徘徊，随着城中村改造等三大工程的持续推进，以及核心住房政策优化调整，未来行业数据有望随着政策的持续推出探底企稳，继续看好板块的投资机会，在核心城市政策放松和三大工程推动下，建议关注布局一二线城市且业绩稳健、安全度较高的房企，包括滨江集团(002244.SZ)、中华企业(600675.SH)、招商蛇口(001979.SZ)和保利发展(600048.SH)等，港股方面建议关注绿城中国(03900)、越秀地产(00123)和华润置地(01109)等。事件：国家统计局公布数据显示，2024年1-3月，商品房销售面积22668万平方米，同比-19.4%，商品房销售额21355亿元，同比-27.6%。全国房地产开发投资22082亿元，同比-9.5%。中泰证券主要观点如下：销售环比回升，政策保持放松2024年1-3月商品房销售面积同比-19.4%，增速较2024年1-2月上升1.1pct，1-3月商品房销售金额同比-27.6%，较2024年1-2月的增速上升1.7pct。3月受高基数、供应节奏及市场热度降低所影响，行业销售增速仍然下行，但环比增速回升，中泰证券认为，主要是房地产行业需求不足的体现。近期重点城市持续放开限购政策，房贷利率端也同步优化。中泰证券预计，在销售持续探底的背景下，行业的各类放松政策有望加速出台，并推动销售逐步企稳。投资下滑，新开工回落，竣工数据下降2024年1-3月房地产投资同比-9.5%，较2024年1-2月的增速下降0.5pct;1-3月新开工增速同比-27.8%，较2024年1-2月增速上升1.9pct;1-3月竣工面积同比-20.7%，较2024年1-2月的增速下降0.5pct。中泰证券认为，在拿地及新开工意愿较低的情况下，行业投资数据仍旧下滑，新开工单月增速再次大幅下滑，在房企拿地强度仍处下滑期的背景下，新开工增速未来仍难走强。综合来看，市场在供需双弱的情况下，投资数据短期难以企稳，但预计随着政策端的持续发力带动销售的逐步回暖，房企也有望加大拿地力度，行业投资数据将探底回稳。资金来源数据持续下滑，未来改善可期2024年1-3月房地产开发企业到位资金同比-26.0%，较2024年1-2月的增速下降1.9pct。分项来看，国内贷款、利用外资、自筹资金、定金及预收款及个人按揭贷款增速分别为-9.1%、-11.9%、-14.6%、-37.5%及-41.0%，各项数据均同比负增长，个人按揭贷款下滑幅度最大。当前，房企持续出现债务违约事件，导致行业融资渠道仍处收缩状态，但随着中央经济工作会议表态“积极稳妥化解房地产风险，一视同仁满足不同所有制房地产企业的合理融资需求”、“项目融资白名单”，以及需求端政策带来的销售回暖，房企到位资金情况未来有望逐步改善。风险提示：销售不及预期，房地产政策放松力度不及预期，研报使用信息更新不及时。","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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中泰证券：一季度商品房销售环比回暖 行业基本面仍旧弱势

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中泰证券：一季度商品房销售环比回暖行业基本面仍旧弱势