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<Research>HSBC Research: Relaxing Measures in Shanghai Property Mkt Boost Confidence, Prefers CRL/ C&D/ Seazen
Recommend 8 Positive 6 Negative 4 |
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HSBC Global Investment Research published a report stating that Shanghai had earlier further relaxed home purchase restrictions and stepped up housing provident fund support. The rollout of such policies are well timed, aligning with the upcoming sales peak, and are expected to enhance market confidence in the stabilization of housing prices, potentially sustaining the sector's strong momentum. The broker continued to prefer CHINA RES LAND (01109.HK), C&D INTL GROUP (01908.HK), and SEAZEN (01030.HK), all rated as Buy, with target prices of HKD39, HKD20.1, and HKD2.4, respectively. HSBC Global Investment Research also considered CHINA OVERSEAS (00688.HK) worth noting, assigning a Hold rating, citing its land reserves being highly concentrated in T1 cities, which could benefit from the property market recovery, with a target price of HKD14.7. AASTOCKS Financial News |
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