国金证券认为，房地产去库存预计将通过“以旧换新”为抓手推进，需要中央层面给予如PSL的政策和资金支持；对标美国地产和中国航空业，股价和估值反映预期，基本面修复或滞后，预计去库存将促进市场预期转向，地产股价和估值底部已现。Favorable real estate policies followed one after another. Some real estate petty stocks were bombarded with capital today. Among them, Guangdong Harbour Holdings (01396) rose more than 300% during the intraday period. As of press release, Guangdong Harbour Holdings (01396) rose 113.7% to HK$0.78; Sunshine 100 China (02608) rose 84.62% to HK$0.048; Flower Year Holdings (01777) rose 63.46% to HK$0.085; and Yiju Enterprise Holdings (02048) rose 50.79% to HK$0.19.
The Zhitong Finance App learned that favorable real estate policies followed one after another, and some real estate penny stocks were bombarded with capital today. Among them, Guangdong-Hong Kong Bay Holdings (01396) once rose more than 300% intraday. As of press release, Guangdong Harbour Holdings rose 113.7% to HK$0.78; Sunshine 100 China (02608) rose 84.62% to HK$0.048; Flower Year Holdings (01777) rose 63.46% to HK$0.085; and Yiju Enterprise Holdings (02048) rose 50.79% to HK$0.19.
According to the news, real estate loosening policies have recently been intensively introduced. A number of cities introduced new regulations to reduce shared floor space, once again triggering market discussions on public floor space; Hefei issued the “Notice on Further Adjusting and Optimizing Real Estate Policies and Measures” on the WeChat account, which supports a maximum subsidy of 100,000 yuan for buying a house; most exciting is that Lin'an, Hangzhou bought a batch of commercial housing to be used as public rental housing. Analysts said that it is of great significance for the country's credit to enter and stabilize the property market.
Guojin Securities believes that real estate inventory removal is expected to be promoted through “trade-in” and requires policy and financial support from the central level, such as PSL; when targeting US real estate and China's aviation industry, stock prices and valuations reflect expectations, and fundamentals are being repaired or lagging behind. It is expected that inventory removal will drive a shift in market expectations, and the bottom of real estate stock prices and valuations is already at the bottom.
According to Shen Wan Hongyuan's research, after the fundamentals of the real estate industry have undergone deep adjustments, the current mortgage burden ratio for home purchases has improved markedly, interest spreads on treasury bonds have narrowed markedly, and the number of packages started by 1,000 people has dropped sharply compared to Japan and the US. The above three bottom-line support signals have shown, and it is expected that the natural demand bottom of the real estate industry is expected to arrive.