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.

cls.cn08:23

According to the report from Silver International, housing prices in mainland China have begun to stabilize, but inventory reduction is still needed.

Citi International issued a report indicating that due to the March statistics showing stabilization in housing prices, there is a slightly more optimistic outlook for the Real Estate Industry. Although the volume of Real Estate Trades continues to decline year-on-year, the inventory destocking period remains on a downward trend, indicating that the supply and demand situation continues to improve. On the other hand, it is believed that the destocking process needs to be continuously advanced to provide sufficient support for housing prices and ultimately achieve a rebound in housing prices. Therefore, it is believed that the government will continue to promote destocking policies, such as purchasing Commodities for use as affordable housing and monetization of resettlement in urban village renovations, among others. However, it is also anticipated that no very strong supportive policies will be introduced in first-tier cities in the short term.

AASTOCKSApr 17 15:58

Hong Kong Stock Market Midday Review | All three major Indexes rose, with the Technology Index increasing by 2.3%; tech and tea beverage stocks surged, with Kuaishou and Alibaba rising over 3%, and Mx Group rising over 7% to reach a new high.

Network Technology stocks rose, NTES-S increased by 3.90%, KUAISHOU-W rose by 3.39%; Mobile Game stocks climbed, XD INC increased by 6.37%, NTES-S rose by 3.90%; Sporting Goods stocks performed well, XTEP INT'L increased by 3.61%, YUE YUEN IND rose by 3.53%.

Futu NewsApr 17 12:13

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?

cls.cnApr 17 10:37

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.

Zhitong FinanceApr 17 09:53

[Brokerage Focus] HTSC: The Industry concentration is expected to further increase, Bullish on the "three good" logic for real estate companies.

Jinwu Financial News | HTSC's Research Reports indicate that in 2024, the overall performance of domestic property companies will be under pressure, with both sales and land acquisition amounts declining. The highlight is the increase in industry concentration, where leading property enterprises show greater resilience during the downturn. Looking ahead to 2025, the bank believes that the profit margin of mainstream property companies' development business will still be at a bottom Range, and the main tone of the Industry will continue to emphasize "stable Operation and focus on core aspects." The investment side will maintain an expansion strategy of "RSP based on sales," while revitalizing old inventory remains the strategic focus for mainstream property companies at present. Meanwhile, the bank believes that in the future, the proportion of operating business profits for some property companies is expected to continue to rise.

Jinwu Financial NewsApr 17 08:42