港股异动 | 内房股再度走低现房销售影响房企规模和ROE 机构指不可低估房企中期压力

智通财经10:00

智通财经APP获悉，内房股再度走低，截至发稿，融创中国(01918)跌4.35%，报0.55港元；绿城中国(03900)跌3.17%，报5.645港元；新城发展(01030)跌2.81%，报1.385港元；建发国际集团(01908)跌2.09%，报12.2港元。

平安证券此前发布研报称，地产板块先抑后扬，828新政影响逐步显现。投资者主要担忧现房销售对房企规模及ROE的影响，一方面现房销售带来销售回款延后，将占用房企更久的自有资金，意味着相同的自有资本金能够维持的销售规模可能萎缩；另一方面规模萎缩意味着营收下滑、总资产周转率下降，在其他因素不变前提下，企业ROE亦面临下降。

东方证券则表示，地产股短期情绪博弈接近均衡，但中期约束亦不能低估，反弹可能并不具备持续上涨基础，就当前已出台的政策来看，对房企中期维度的约束和压力依然不可小觑。该行认为，在明确地方细则前的过渡期，企业会倾向于减少拿地，市场不可将阶段性反应等同为稳态冲击程度。

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

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