房地产股正在沸腾！ 航空，旅行和保险在“迷失”的春天也集体爆炸？ _东方财富网

原标题：房地产股正在沸腾！ 万科A三年后首次达到上限！ 航空，旅行和保险也爆炸了。 春天来了“失落”？

概括

[Realestatestocksareboiling!Aviationtourismandinsurancealsocollectivelyexplode”lost”springiscoming?】MarketdatashowsthatthismorningtherealestatestocksintheA-sharemarketrarelysurgedcollectivelyVankeAhitthedailylimitforthefirsttimeinnearly3years!(SecuritiesTimesNetwork)

A crotchmarketThe strongest hotspot is still changing, today’s turnReal estate stocks。

Market data shows that this morning, real estate stocks in the A-share market rarely surged collectively.Vanke AIt is the first time in nearly 3 years that it hit the daily limit!

　　rare!Real estate stocks soared collectively

　　Vanke AThe first daily limit in 3 years!

Market data shows that the A-share real estate sector rarely surged in early trading. The real estate index (399241) compiled by the Shenzhen Stock Exchange once soared about 8%.

In terms of specific stocks, about 20 real estate stocks hit the daily limit during the session this morning, leading real estate stocksVanke A、Poly Real Estate、Gemdale GroupAll listed.

It is worth noting that today is the first time that Vanke A hit the daily limit in nearly three years since March 29, 2018!

Data shows that on March 29, 2018, Vanke A’s stock price once reached 34.46 yuan, which was a daily limit compared to the previous trading day, but then the daily limit was opened. At the close of the day, the stock price rose 9.03%.

During the “Baowan War”, Vanke A’s stock price has frequently reached its limit.

　　Aviation, tourism,InsuranceAll soaring

In addition to the real estate sector, aviation, tourism,InsuranceOther sectors have also risen collectively, and these sectors have been the “losers” in the A-share market in the past year.

For example, in the past 2020, when the A-share market as a whole rose sharply, the overall performance of real estate stocks was weak, and the real estate index fell by 10.04% throughout 2020.

The recent sudden surge in real estate and other sectors may have a certain relationship with the market style switch. Previously popular sectors have continued to adjust recently.

　　estatethe companyPerformanceObviously differentiated institutions look like this

The continued pressure on property stocks last year may have something to do with the overall lack of fundamentals. However, different real estate companies are extremely divided.

　　statisticsStatistics show that of the 128 A-share listed companies in the Shenwan real estate industry, only 63 companies have increased their revenue in the first three quarters of 2020, accounting for less than half.Similarly, out of the 128 companies mentioned above, only 56 companies returned to their mothers in the first three quarters of 2020Net profitYoYGrowth, the proportion is lower.

The 2020 performance forecast can also explain certain problems.

According to the data, there were 57 Shenwan real estate companies that had released their 2020 performance forecasts that year, even according to the forecasts.Net profitCalculating the year-on-year growth ceiling, only 25 companies expect netprofitIt achieved positive growth year-on-year.

However, leading companies are still growing. For example, Vanke’s revenue in the first three quarters of 2020 increased by 7.85% year-on-year, and net profit attributable to its parent increased by 8.89% year-on-year.Poly Real EstateIn the first three quarters of 2020, revenue increased by 3.93% year-on-year, and net profit attributable to the parent increased by 3.39% year-on-year.

For the real estate sector,CITIC Securities’S research view is that the three red lines and mortgage concentrationmanagement, Does limitenterpriseViciously increase leverage, butlandThe institutional environment of fierce market competition still needs to be reformed.Once the limit on the number of times is implemented, the bidding, auction and listing rules for centralized transfer will increaseLand marketTransparency is more conducive to the formation of an orderly and stable competition pattern in the market, reducing the frequency of “land kings”, stabilizing the profitability of excellent companies, and promoting the survival of the fittest.Institutionally, the reform of the land market can be an industrysupplyThe last piece of the jigsaw puzzle of the side reform—involved competition will therefore end, and the stability and growth of truly outstanding real estate companies will increase.CITIC SecuritiesOptimisticreal estatePlateinvestmentOpportunity, recommend Vanke A(Vanke Enterprise)，Poly Real Estate、Gemdale Group、Longfor Group、China Resources Land、Country Garden、CIFI Holdings Group、Jinke shares、Shimao Group、Shimao shareswithChina Merchants Shekou。

SafeSecuritiesRecent research points out that the housing market in January under the low base of last yearDealHigh growth, the regulation of some hot cities further increases; housing enterprises at the beginning of the yearFinancing scaleThe rise also led to a slight recovery in the local auction market.short termFrom a point of view, the low base number of transactions is expected to continue to increase year-on-year, but due to the “in-situ Chinese New Year” policy, the performance of the first and second tiers may be better than the third and fourth tiers, which requires attention in the medium termMortgageThe impact of end tightening on transactions.In terms of sector investment, the current sector valuation has been as low as 3.7% in the past five years, and mainstream real estate companiesDividendsThe rate mostly exceeds 4%. At the same time, the overall profitability of real estate companies is expected to stabilize under the background of the medium and long-term market stabilization. We are optimistic about the opportunities for mainstream real estate companies to repair valuations.

(Source: Securities Times Net)

(Editor in charge: DF398)