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<Research Report>CICC: Investors Advised to Pile up Leading CN Developers' Shrs; CHINA OVERSEAS, CHINA RES LAND, CIFI HOLD GP Liked
2022/01/19 10:31
The new home sales in China over the first two weeks of January remained sluggish overall and will likely be volatile at trough in near-term, reported CICC. Given the current policy clarity and upcoming effective regulatory measures, the broker advised the investors to seize the opportunity to accumulate shares of all-rounded leading developers.

Among the H-shares of Chinese developers, CICC recommended CHINA OVERSEAS (00688.HK), CHINA RES LAND (01109.HK), CIFI HOLD GP (00884.HK), C&D INTL GROUP (01908.HK), YUEXIU PROPERTY (00123.HK) and COUNTRY GARDEN (02007.HK). For property managers, CICC's top picks were POLY PPT SER (06049.HK), CIFI ES SERVICE (01995.HK), CHINA RES MIXC (01209.HK), CHINA OVS PPT (02669.HK), CG SERVICES (06098.HK) and JINKE SERVICES (09666.HK).

Related NewsC Suisse Foresees More CN Policy Easing, Pent-up Demand to Back Property Sales Recovery in Tier-1 Cities

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