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<Research>HSBC Research Favors CHINA RES LAND/ C&D INTL GROUP/ SEAZEN; CN Property Mkt Facing Policy Vacuum
Recommend 3 Positive 4 Negative 1 |
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The sentiment in the Chinese real estate market is cooling and has entered a policy vacuum, HSBC Global Research said in its report. After experiencing a recovery, some adverse phenomena have begun to emerge in China's property market, such as weakness in the high-end residential sector, reflecting that the government's efforts to improve living quality and increase housing demand may be insufficient to stabilize the new housing market. Regarding stock selection, HSBC Global Research prefers CHINA RES LAND (01109.HK), C&D INTL GROUP (01908.HK), and SEAZEN (01030.HK), with target prices of HKD43, HKD21.7, and HKD3.3, respectively. All of them have been rated as Buy. The broker believes these stocks have significant upside potential in normalized earnings and better earnings visibility compared to their peers. AAStocks Financial News |
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