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<Research>BofAS Prefers CHINA RES LAND; CN Property Industry Recovery Has to Rely on Internal Momentum
Recommend 10 Positive 12 Negative 10 |
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BofA Securities has published a research report maintaining a constructive view on China s real estate sector, though it stressed that the recovery momentum has shifted from policy stimulus to a slower, self-sustaining recovery, with the process likely to be uneven. In its estimation, the transaction volume in April will be significantly higher than the levels in 4Q25 and 2M26, implying a longer recovery cycle rather than a rapid cooling as seen last year. The broker prefers CHINA RES LAND (01109.HK) for its long-term growth potential in investment properties. It is also positive on CHINA OVERSEAS (00688.HK) and C&D INTL GROUP (01908.HK), which are expected to benefit from upgrading demand have better earnings visibility for FY27. C&D INTL GROUP’s target price has dropped from HKD18.6 to HKD17.2, alongside an unchanged Buy rating. CHINA OVS PPT (02669.HK)’s target price has also decreased from HKD4.6 to HKD4.4, with a rating kept as Underperform. The target prices for ONEWO (02602.HK) and POLY PPT SER (06049.HK) have declined from HKD20 to HKD19 and from HKD37 to HKD36, respectively. Both of them are still rated as Neutral. Auto-translated by AI AASTOCKS Financial News |
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