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Guolian Minsheng Securities: There may be incremental measures in real estate policies, continuing to recommend improved real estate companies.
With the implementation of the USA's "reciprocal tariffs", the Real Estate sector may receive policy support for internal demand as real estate is an important pillar industry for stabilizing internal demand, and additional policy measures may be introduced.
Hong Kong stocks are moving differently | Mainland Real Estate rose in the afternoon trading as the sales performance of the top 100 real estate companies increased significantly month-on-month in March. Institutions expect that the Silver market may cont
Mainland Real Estate stocks rose in the afternoon, as of the time of publication, CHINA RES LAND (01109) increased by 4.88%, reported at 26.85 HKD; GREENTOWN CHINA (03900) increased by 3.53%, reported at 10.56 HKD; COUNTRY GARDEN (02007) increased by 3.49%, reported at 0.445 HKD; CHINA VANKE (02202) increased by 2.48%, reported at 5.78 HKD.
[Brokerage Focus] BOCOM INTL: A slight spring brings warmth to the market, anticipating ongoing recovery in the property market.
Golden Financial News | BOCOM INTL released the Real Estate Industry monthly report. According to preliminary data from CRIC, the total sales of the top 100 developers will increase by 73.9% month-on-month to 344.5 billion yuan before March 2025. Sales of 23 major listed developers increased by 67.6% month-on-month in March. Most developers experienced a narrowing in the year-on-year decline. The bank indicated that the price index in various cities has seen a narrowing in the year-on-year decline. The National Bureau of Statistics reported that the Index of newly built Commodity Residential prices in 70 large and medium-sized cities fell by 5.2% year-on-year and 0.1% month-on-month in February (January 2025: -5.4%/0.1%), and second-hand Commodity Residential properties.
[Brokerage Focus] Sinolink maintains a "Buy" rating on GREENTOWN CHINA (03900), stating that its sales are resilient and its performance is expected to gradually improve.
Jingwu Financial News | Sinolink's Research Reports indicate that GREENTOWN CHINA (03900) announced on April 7 that between January and March 2025, GREENTOWN CHINA's self-investment projects achieved contract sales of approximately 36.3 billion yuan, while GREENTOWN Group accumulated a total contract sales amount of approximately 52.4 billion yuan. On March 28, 2025, GREENTOWN CHINA released its 2024 annual report, showing revenue of 158.546 billion yuan in 2024, a year-on-year increase of 20.7%; with a Net income of 1.596 billion yuan, a year-on-year decrease of 48.8%. The bank pointed out that the losses from joint ventures & the pressure from impairment provisions led to the decline in current Net income.
[Brokerage Focus] China Securities Co., Ltd. is bullish on the overall performance of the Real Estate sector, and subsequent policies are expected to continue to strengthen.
Jinwu Finance | China Securities Co.,Ltd. stated that in March, the transaction volume of new homes in key cities increased by 3.5% year-on-year, while the transaction volume of second-hand homes grew by 37% year-on-year, with the share of second-hand home transactions continuing to rise. The performance of core cities was remarkably good. In Beijing, Shanghai, Guangzhou, Shenzhen, and Hangzhou, the year-on-year growth rate of second-hand home transactions exceeded 30%. The sales amount of the top 100 real estate companies in March saw an increased decline, mainly due to the substitution of second-hand homes and a decrease in newly launched projects, but the initial sales rate of projects in core cities showed a significant improvement. The land market remains hot, with "land kings" frequently appearing at unit prices in core cities, pushing up the premium rates in land auctions. In March, the national premium rate for residential land transactions was 17.15%, an increase of 4.4 percentage points month-on-mon
Brokerage morning meeting highlights: Listed companies significantly Increase Stake & Buy Back, demonstrating determination and strength.
In today's brokerage morning meeting, Founder Securities believes that listed companies are significantly increasing their Increase Stake & Buy Back measures to demonstrate resolve and strength; China International Capital Corporation suggested that the Federal Reserve is not expected to cut interest rates in the short term, with a potential restart of rate cuts possibly in the third quarter; HTSC believes that the Real Estate property management Sector has both improvement potential and dividend value.