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<Research>M Stanley: Sep Survey Shows CN Residents' Outlook on Housing Prices Slightly Improves
Recommend 13 Positive 24 Negative 7 |
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Morgan Stanley's September survey results showed a slight improvement in Chinese residents' outlook on housing prices, the broker wrote in its recent report. Although plans to buy homes remained sluggish, sellers were more willing to accept smaller price cuts and losses, which the broker attributed to recent changes in the Politburo tone. However, the sustainability of the sales recovery still requires ongoing observation. The broker suggested investors selectively add holdings in companies benefiting from both residential and consumer sectors during the potential sector pullback due to recently improved investor sentiment. Such companies include CHINA RES LAND (01109.HK) and CHINA RES MIXC (01209.HK). Defensive state-owned developers included CHINA OVERSEAS (00688.HK), GREENTOWN CHINA (03900.HK), and YUEXIU PROPERTY (00123.HK), which may also outpace the market with their potentially strong 4Q sales. AAStocks Financial News |
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