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Brokerage morning meeting highlights: Focus on sectors benefiting from domestic demand and investment opportunities in new consumer segments.
In today's Brokerage morning meeting, HTSC proposed to focus on investment opportunities in sectors benefiting from domestic demand and new Consumer sub-sectors; China Securities Co.,Ltd. stated that the decrease in Real Estate sales and new starts has significantly narrowed, showing ongoing effectiveness in stabilizing after the decline; Galaxy Securities believes that the coal and electricity regulation ability has been further strengthened, and the reconstruction of the sector's valuation is expected to accelerate.
With policy benefits and declining financing costs, Mainland Real Estate continues to rise, and R&F PROPERTIES increased over 10%.
① How does policy support specifically promote improvements in the Operation of real estate companies? ② Why are leading real estate companies more resilient during industry adjustment periods?
Hong Kong stocks fluctuated | Mainland Real Estate stocks rose across the board, with SUNAC (01918) up over 7%. Institutions stated that the land reserve and urban village transformation will enter a substantial work phase.
Mainland Real Estate stocks are rising across the board. As of the time of this report, RONSHINECHINA (03301) is up 8.29%, reported at 0.235 Hong Kong dollars; R&F PROPERTIES (02777) is up 7.84%, reported at 1.1 Hong Kong dollars; SUNAC (01918) is up 7.33%, reported at 1.61 Hong Kong dollars; CHINA VANKE (02202) is up 4.8%, reported at 5.89 Hong Kong dollars; YUEXIU PROPERTY (00123) is up 5.03%, reported at 5.01 Hong Kong dollars.
Market Movements | Some Mainland Real Estate stocks are rising against the trend, with Sunac up over 2%, and the transaction activity in the housing market increases in March.
Some Mainland Real Estate stocks are rising against the trend. As of the time of writing, SUNAC (01918) is up 3.52%, priced at 1.47 HKD; RONSHINECHINA (03301) is up 1.41%, priced at 0.216 HKD.
National Bureau of Statistics: From January to March, national Real Estate Development investment decreased by 9.9% year-on-year.
According to data from the National Bureau of Statistics, from January to March, national Real Estate Development investment reached 1990.4 billion yuan, a year-on-year decrease of 9.9% (calculated on a comparable basis); among them, Residence investment was 1513.3 billion yuan, a decrease of 9.0%.
Express News | The National Bureau of Statistics: In March, the number of cities among the 70 large and medium-sized cities with rising sales prices of Commodity Residences month-on-month increased.