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HK Stocks Soar: Mainland Real Estate Industry Rises as Policy Boosts Housing Market Recovery; Sales Decline of Top 100 Property Developers Narrows Continuously in First Half of the Year.
Mainland real estate stocks are all rising, as of the time of publication, China Overseas Development (00688) rose 3.8% to HKD 14.2; Yuexiu Property (00123) rose 3.25%, to HKD 5.08; China Jinmao (00817) rose 3.23%, to HKD 0.64.
HTSC: Stabilization of housing prices in Beijing and Shanghai sends bullish signals and is expected to accelerate the recovery of the real estate market.
HTSC stated that several volume and price indicators in first-tier cities have shown improvement compared to the previous period. In particular, the cessation of the decline in housing prices in Beijing and Shanghai has conveyed bullish signals, and it is expected to accelerate the expectation of real estate market recovery. It is still necessary to continue to monitor the sustainability of the recovery of volume and price in core cities.
Guosen Securities: Real estate stocks still have game opportunities, maintaining the judgment of the market's "top and bottom".
Guosen Securities believes that the real estate sector has experienced a significant pullback and has squeezed out previous high expectations.
Major bank rating | UBS Group: The sales of the top 100 real estate companies slightly rebounded in June, and it is expected that the performance of state-owned real estate companies will continue to outperform private real estate companies.
UBS Group released a research report citing data from CRIC indicating that the top 100 real estate developers in mainland China saw a 22% YoY decline in sales in June, compared to a 35% decline in May. The decline narrowed, while the MoM growth was 33%, also slightly higher compared to the average growth rate of 29% in June over the past five years. Among the top ten real estate companies, seven recorded YoY growth in sales in June, believed to be due to a lower base last year and the new salable resources brought by new land reserves in the first half of this year. In the first six months of this year, the total sales of the top 100 real estate companies fell 42% YoY, while in the first five months, it fell by 46%, with the decline narrowing. UBS believes that
Chinese Property Share Prices Likely Volatile Ahead of Third Plenum -- Market Talk
Chinese property share prices will likely be volatile ahead of the mid-July third plenary session as investors speculate about further policy stimulus for the sector, Daiwa analyst William Wu says in a research note.
htsc: There are signs of real estate sales recovery after the new policy.
HTSC stated that since 517, there have been signs of real estate sales recovery.
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151369719 : why are the property stocks falling along with the broader market? Opportunity to take advantage of the down trend.