智通财经APP获悉，美银证券发布研报称，相信内房上半年业绩较为疲弱，因此仍不能排除因实体市场持续恶化而出现适量的房地产政策放松措施，7月的政治局会议将会是关键事件。
该行表示，本年至今内房行业股份股价表现分化，显示出如城市位置、土地收购时间及利润前景等因素的重要性。考虑到当前估值水平，即预测2027年市盈率为8.5倍，或略高于历史平均水平，对行业持谨慎选择的态度，偏好优质的公司，继续看好华润置地(01109)、中国海外发展(00688)和建发国际(01908)。该行重申对保利发展(600048.SH)和招商蛇口(001979.SZ)“跑输大市”评级。
另外，该行预期今年上半年的行业盈利将同比下降25%，但由于存货减值幅度收窄，料全年盈利下降幅度将收窄至13%，又预计上半年开发利润率将下降1个百分点，平均值为11%。
该行计及第二季行业表现逊于预期后，将开发商今年的合同销售预测下调5%，意味着在高基数下，下半年将同比下降16%。该行预计，受到利润率复苏所支持，该行续料2027财年内房行业盈利将会复苏，但由于合同销售的复苏不稳，将2027年行业盈利预测下调3%，行业平均目标价相应下调约3%。
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