不动产与空间服务:地产股怎么选?空间怎么看?

中金公司
Feb 10

观点聚焦投资建议近期地产股重估拉开序幕,市场对选股和潜在空间的问题开始更为关注。经过对覆盖标的的长期空间测算,我们认为港股内房股整体潜在空间较A股主流标的更为可观,宜作为长期投资重点。理由地产股的估值应该怎么看?大部分时候锚定NAV,牛市思维下可以用市盈率看的更高一些。由于综合考虑了资产质量、负债规模以及当期市场环境等因素,NAV作为“潜在净清算价值”,对短期维度的企业价值刻画最为准确,同时有助于...

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