Citigroup inside the house outperformed the market
Citi report pointed out that according to the existing land reserve and policy observations, the analysis shows that 34 domestic listed companies will increase their sales by 18% next year, compared with 49% and 28% in 2017/18, which should be the profit of 2020/21. Growth lays a solid foundation.
The bank said that based on the expected brightening of economic problems in the first half of next year, Sino-US trade tensions and the depreciation of the renminbi will emerge, the mainland property sector will outperform the market due to its high profitability and valuation defensive. The bank is more optimistic about the quality, balanced growth, and anti-cyclical characteristics of the inner house, such as the inner house for rent, preferred Rundi (1109), Longhu (960), Jinmao (817), Sunac (1918 ), Longguang Real Estate (3380) and New Town Development (1030), with target prices of 39.9 yuan, 28 yuan, 7.3 yuan, 48.08 yuan, 16 yuan and 11 yuan respectively. Except for Longguang, the other inner houses are rated as “Buy".