According to the research report of Open Source Securities, Poly Developments and Holdings Group (600048.SH) had improved sales data in June. With a stable leading position in the industry and continuous optimization of sales and land storage structure, the financing channels are unimpeded and the advantage of funding cost is obvious. It is expected to continue to benefit from loose real estate policies and optimization of the industry pattern. The company ranked first in sales and is bullish on continuous improvement in market share, maintaining a "buy" rating.
The company achieved a contracted area of 2.064 million square meters and a contracted amount of 42.01 billion yuan in June, a decrease of 11.3% and an increase of 4.62% year-on-year, with a month-on-month growth of 19.0%. The year-on-year decline in sales amount has continued to narrow since March and turned positive for the first time in June. In June, the company acquired 4 plots of land in Guangzhou, Hefei, Sanya and Xuzhou, with a total building area of 0.441 million square meters and corresponding land payment of 3.51 billion yuan. In July, it won a high premium bid in Shanghai.
研报掘金丨开源证券：保利发展6月销售数据改善，维持“买入”评级
Research reports by Kaiyuan Securities: Poly Developments and Holdings Group's June sales data improves. Maintains a 'buy' rating.
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