Listed realtors to post rosy returns

0 CommentsPrint E-mail China Daily, March 19, 2010
Adjust font size:

Listed property companies may on an average see a 60 percent increase in 2009 net profit and report even stronger numbers this year, industry analysts said on Thursday.

According to Wind Info, a financial statistics provider, nearly 115 companies, accounting for almost half of all the country's listed realtors, will report an average annual profit increase of around 205 percent.

China Vanke Co, the country's largest property developer by market value, said 2009 profit rose 32 percent on the back of strong sales. Poly Real Estate's profit rose 57.2 percent, while Gemdale's increased 110 percent. Soho China Ltd said its 2009 profit surged more than eight fold, beating analysts' estimates.

"We expect the financial performance of real estate companies to be even better in 2010, as the balances on home purchases from the second half of 2009 will be included in this year's numbers." said Fang Yan, a senior analyst with Shenzhen-based Guosen Securities.

Property prices and sales in China's key cities accelerated in the second half of 2009, enabling realtors to report handsome profits.

With many of the sales proceeds likely to accrue this year, it will further strengthen the balance sheets of the companies.

Fang said it is an opportune time to buy real estate shares, as the valuations are attractive.

Since July last year, the property stocks index has dropped more than 25 percent, compared to the 10 percent fall in the Shanghai Composite Index.

"Based on our calculation, the average price/earning ratio of first-tier real estate firms will range from 15 to 18 this year, which is attractive for investors," said Fang.

"The major players in the country or in certain regions are ideal investment targets, like Zhongtian Urban Development Group, China Merchants Development and Gemdale."

"Transaction volumes rebounded in March and with no tightening policies expected in the short term, it is an opportune time for investors to buy the shares of these companies," Zhou Hu, an analyst at Bohai Securities, said.

"Property sales may get a boost from the anticipated yuan appreciation as realty would be seen as an advantageous tool," said Fan.

Investors can also gain, as realty purchases made with the yuan will be cheaper than foreign currency buys.

Though property sales and prices may not soar as much as last year, they will still be on the growth track.

The land price record for residential housing in Beijing was broken twice on Monday, with nearly half of proposals being made at record high prices.

"That means property developers are still optimistic about the market prospects this year, and they are still awash with cash," said Yang Shaofeng, managing director of Conworld, a Beijing-based property brokerage.

Besides the land price record, the average price in Beijing's real estate market continued to rise in the first two months of this year, with nearly 20.49 billion yuan ($3 billion) of investment so far, a 71 percent increase over last year.

According to data from the Beijing Municipal Statistics Bureau, property prices rose 18.1 percent in February compared with January.

The average residential price in the country will probably climb to 4,851 yuan to 4,976 yuan per square meter by the end of this year, said a joint study by the policy research center under the Ministry of Housing and Urban-Rural Development and China Real Estate Index.

It said that the growth rate will range from 3.3 percent to 6 percent, while the floor space sold this year may dip 4.4 percent to 6.5 percent over 2009.

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 成人在线观看国产| 欧美va在线播放免费观看| 四虎影视884a精品国产四虎| 91免费播放人人爽人人快乐| 国产麻豆流白浆在线观看| а√最新版在线天堂| 放荡的女老板bd中文字幕| 久久永久免费人妻精品下载| 欧美一级高清片免费一级| 亚洲欧美精品一区天堂久久 | 天天色天天射天天操| 一道本在线观看| 把极品白丝班长啪到腿软| 久久亚洲春色中文字幕久久久| 最好看的2018中文字幕高清的| 亚洲国产成人综合| 欧美日韩精品一区二区三区高清视频 | 国产123在线观看| 青青网在线视频| 国产国产人免费人成免费视频 | aaaaa级毛片| 天天影视综合色| va天堂va亚洲va影视中文字幕| 局长的又长又粗慧芳| 三级韩国床戏3小时合集| 扒开双腿猛进入喷水高潮视频| 久久久综合中文字幕久久| 日韩av无码一区二区三区| 久久精品国产亚洲欧美| 日韩高清在线中文字带字幕| 亚洲av无码专区在线播放| 欧美人与zoxxxx视频| 亚洲国产成人91精品| 欧美成人午夜影院| 亚洲国产成人精品无码区在线秒播| 欧美综合激情网| 亚洲欧美日韩精品| 欧美精品黑人粗大视频| 亚洲欧美日韩综合一区| 欧美激情一区二区三区| 亚洲国产综合专区在线电影|