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| HSI1 | 25,884.43 | +25.55 | 328.18B |
| HSCEI1 | 8,612.15 | -32.56 | 103.63B |
| Back Zoom + Zoom - Block Traded | |
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2026-07-29 15:01:15 Citi issued a research report maintaining a positive view on China's property sector, backed by resilient transaction volumes in core cities and a low-base effect. Developers were expected to step up launches of new projects from September. Coupled with expectations that the Politburo meeting at the end of July will release supportive signals, including further relaxation of measures such as housing purchases using provident funds and home trade-in schemes, the broker believed sector sales growth from July to September is likely to stabilize. The broker viewed the Chinese property sector is well positioned for a rally from August to October, and identified CHINA RES LAND (01109.HK), C&D INTL GROUP (01908.HK), BEKE-W (02423.HK), CHINA JINMAO (00817.HK) and CHINA OVERSEAS (00688.HK) as its top picks. Five developers already logged growth in contracted sales in 1H26, including CHINA OVERSEAS (00688.HK) with a YoY hike of 12%, CHINA JINMAO (00817.HK) up 8%, China Merchants Shekou up 8%, CHINA RES LAND up 6%, and CH OVS G OCEANS (00081.HK) up 15%. Citi expected the weakness in interim results of property developers to be slightly better than the market's pessimistic expectations, while management guidance on sales and margins may provide support. ~ AASTOCKS Financial News Website: www.aastocks.com | |