Why did the real estate sector rise sharply? Vanke A rose again after more than 500 days

Finance Associated Press

2024-04-29 19:44Published on the official account of Cailianpress, a subsidiary of Shanghai Shanghai Poster Industry Group

Finance Associated Press on April 29, today's real estate stocks collectively rose, as of the close, Vanke A strong limit, more than 630,000 orders, closed at 7.56 yuan per share, market value of 90.2 billion yuan. In addition, more than 20 stocks such as Gemdale Group, Rongsheng Development, I Love My Home, China Fortune, and Dalong Real Estate have daily limits. In terms of ETFs, real estate-related ETFs led the market.

Vanke A's re-limit after more than 500 days is undoubtedly a highlight of today's market. According to the data of the after-hours Dragon and Tiger List, buy a seat for Fang Xinxia, with a net purchase of 231 million yuan, a special seat for Shenzhen-Hong Kong Stock Connect bought 227 million yuan and sold 199 million yuan, a special seat for an institution bought 55.9545 million yuan, and a special seat for an institution sold a net of 100 million yuan.

Recently, the property market news has re-emerged "warm wind", which has played a catalytic role in the emotional aspect of sector investment. In addition, since April, a number of key cities have further optimized and adjusted their property market policies, sending many positive signals to the market.

From a policy point of view, since April, favorable support policies for the property market have been introduced one after another, and the relaxation of "purchase restrictions" has become the main trend. Following Wuhan, Hefei, Nanjing, Changsha and other hot provincial capitals, Chengdu also announced the complete cancellation of purchase restrictions. According to the monitoring of the China Index Research Institute, as of now, in addition to Hainan Province, among the core cities, the four first-tier cities of Beijing, Shanghai, Guangzhou, and Shenzhen, as well as the core areas of Hangzhou (new houses), Tianjin, and Xi'an, still maintain the purchase restriction policy.

Since April, 5 major cities have "loosened" the property market policy Deadline: 2024.4.29

According to the China Index Research Institute, from the policy level, the central and regulatory departments have made it clear that they want to further optimize the real estate policy, and there are strong optimization expectations for policies at both ends of supply and demand.

Zhang Dawei, chief analyst of Centaline Real Estate, said that from the policy point of view, the era of comprehensive unlimited purchase has arrived. In the past three years, purchase restrictions have been lifted in many cities, such as Dongguan and Foshan. Among the first-tier cities, Guangzhou has greatly relaxed purchase restrictions, and Shenzhen has lifted the purchase restrictions in the Shenzhen-Shantou Cooperation Zone. Beijing and Shanghai have also been loosened, and the relaxation of purchase restrictions has become a trend. With the deepening of urbanization and the improvement of people's living standards, the demand for improvement will become a continuously growing demand. The impact of China's policies has been significant, as reflected in the strong performance of property stocks. The market generally expects that there may be blockbuster policies introduced during the May Day period, and the strength of the policies will determine the speed of market stabilization.

Foreign institutions are also starting to be optimistic about China's real estate market. John Lam, head of real estate research at UBS Greater China, said that with government assistance, UBS has become more optimistic about China's real estate sector for the first time. Lu Ting, chief economist of Nomura China, recently reminded the market in a meeting that it cannot be blindly optimistic, believing that the real estate market may still be in an L-shaped downward phase. But he also pointed out that this year's real estate market may usher in an opportunity to clear, as the problem is resolved, the market is expected to bottom out.

What do institutions think about the investment opportunities in the real estate sector? Western Securities suggests standardizing the allocation of the industry. Ping An Securities has two suggestions for investors, one is to wait for the house price to stabilize in a moderate bottom layout, and the other is to consider that the bottom of the house price will be confirmed repeatedly, and you can wait for the house price to bottom out on the right side.

Western Securities said that the core second-tier cities actively promote the implementation of supportive policies for the property market, release easing signals, Chengdu has completely canceled the purchase restriction policy, and Nanjing can settle down when buying a house. On the policy side, both sides of supply and demand are working together, and the trading volume is expected to recover moderately, so it is recommended to standardize the allocation of the industry.

Ping An Securities believes that in the medium and long term, when housing prices stabilize is still the key to determining whether there are trend opportunities in the sector, with the base falling in the second half of the year, pay attention to the possibility of the gradual narrowing of the decline in sales and the stabilization of housing prices. In the future, the stabilization of housing prices will be repeated, and the market's confirmation of the inflection point of housing prices will also be repeated and eventually a consensus expectation will be formed, so there will also be opportunities for the right side of the plate at that time. On the whole, there are two suggestions for investors at present, one is to consider that the downside risk of the sector is limited, and the layout of the bottom position can be moderately waiting for the house price to stabilize;

(Finance Associated Press Zhou Ying)

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