房地产行业报告:政策预期刺激板块大涨 重点关注中国金茂

中邮证券有限责...
Jul 15, 2025

投资要点当前行业基本面未发生明显变化,但政策刺激预期渐强。我们认为后续政策在统筹安排楼市方面,将会以既有建筑改造、老旧小区整治、完整社区建设、智慧城市建设等几个方向为主,“大拆大建”难以在全国范围内重现。从房企主体来看,中国金茂今年可重点关注,其股东背景较好且今年拿地强度明显增大,根据其公告的经营数据,截至2025 年1-6 月,金茂累计取得签约销售金额共计533.47 亿元,同比增长19.77%...

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