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Hong Kong stock market anomaly | Most mainland real estate stocks are up, various indicators in July continue to narrow. Local policies continue to optimize.
Most mainland real estate stocks are up, as of press time, Sino-Ocean Group (03377) up 3.08%, at HKD 0.335; Shimao Group (00813) up 2.94%, at HKD 0.7; Logan Group (03380) up 2.82%, at HKD 0.73.
The real estate sector has two consecutive surges, the China Southern CSI All Share Real Estate ETF and the real estate ETF rose by 2%.
Reducing inventory of existing homes is one of the main focuses of current real estate policies.
The central government supports the real estate industry to accelerate destocking and the industry will rebound significantly with multiple supports.
Recently, the real estate industry has gradually shown bullish signals, providing logical support for a new round of real estate cycle.
Seazen Holdings' July Contracted Sales Fall 42%; Shares Rise 6%
GTJA: Real estate industry still focused on destocking, suggesting balanced allocation.
GTJA Securities released a research report stating that from January to July 2024, the scale of land acquisition by real estate companies continued to shrink significantly year-on-year, reflecting a further increase in the concentration of central and state-owned enterprises.
Seazen Group Reports Strong Mid-Year Financials
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