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<Research>JPM Expects CN Property Strength to Last for Short While, Recommends CHINA RES LAND/ CHINA OVERSEAS/ POLY PPT SER
Recommend 7 Positive 15 Negative 5 |
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China's property sector soared 15% yesterday (26th), mainly due to the politburo's call to “stop falling” and rising expectations for fiscal stimulus, JPMorgan released a research report saying. Compared to the narrative, JPMorgan was more surprised at the prospect of fiscal stimulus, which could help restore low expectations on income or employment, also the root cause of the property downturn. JPMorgan believed that the strength in China may continue for some time until the introduction of specific measures or worse October sales data. Among Chinese SOEs, the broker recommended CHINA RES LAND (01109.HK), CHINA OVERSEAS (00688.HK) and POLY PPT SER (06049.HK). AAStocks Financial News |
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