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中金:内房投资机会建议综合考虑土储质量、短期经营趋势稳健性及估值水平

CICC: Investment opportunities in domestic Real Estate should comprehensively consider the quality of land reserves, the stability of short-term Operation trends, and valuation levels.

Breakings ·  Dec 13, 2024 14:44

CICC published a research report stating that the central economic work conference reiterated the need to stabilize the real estate and stock markets, proposing continuous efforts to promote the stabilization of the real estate market, enhance the implementation of urban village and dilapidated housing renovations, fully release the potential of rigid and improved housing demand, reasonably control the supply of new Real Estate land, activate existing land and commercial office space, and promote the disposal of existing Commodities. Looking ahead, CICC anticipates that the long-term goal of the authorities is to promote the establishment of a new model for Real Estate development, orderly build related foundational systems. Currently, the market remains in a "pulse response" after the policy rollout, and the measures proposed in the meeting are expected to help moderately boost demand in the real estate market, among which the supply-side adjustment measures are very important. It is recommended that investors, when considering investment opportunities in the Real Estate Industry, should comprehensively take into account the quality of land reserves held by real estate companies, the stability of short-term Operation conditions, and the valuation levels of the enterprises. Looking forward to subsequent support for Real Estate policies exceeding market expectations, CICC believes that dynamic assessments can be made for investment opportunities in some enterprises that have emerged from operational risks.

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