On July 8, Dongju Securities released a research report saying that Xuhui Holding Group is deeply rooted in the core cities, with a large amount of land reserves and a relatively high proportion of first- and second-tier cities. The company is good at grasping land investment opportunities and diversifying. The counter-cyclical land acquisition keeps the land cost low; the company's sales scale grows rapidly, and its future performance is highly locked. It is estimated that the company's EPS will be 0.90, 1.16, 1.47 yuan in 2019-2021, respectively, corresponding to 5.42, 4.20, 3.30 times PE, maintaining a "buy" rating.
According to the research report, Xuhui Holding Group's sales growth in June was dazzling. In June 2019, the company achieved contract sales of 22.34 billion yuan, a year-on-year increase of 47.0%; contracted sales area of 1,235,200 square meters, an increase of 20.9%, the average selling price was 18,100 yuan/square meter, the average selling price rebounded mainly due to push The structure has changed. From the accumulated data, the company's accumulated sales amount from January to June was 88.44 billion yuan, a year-on-year increase of 34%; sales area was 5.088 million square meters, an increase of 18%; according to CRIC's list of top 100 real estate sales, the company ranked first 14 people, the industry rankings have risen steadily. In the first half of the year, the company has completed 47% of the annual sales target of 130 billion yuan. With the acceleration of the pace of the second half of the year, the company is able to complete the annual sales target with great probability.