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<Research>Citi Suggests Neutral/ Slightly Bullish Stance on CN Developers in 2Q; Top Picks CR LAND, BEKE, GREENTOWN MGMT, COLI
Recommend 11 Positive 15 Negative 5 |
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China property sales are stabilizing, and investors can focus on "beaten down" but quality Chinese developers in 2Q24, Citi Research released a research report saying. Citi Research recommended a neutral or slightly bullish approach on Chinese developers for 2Q24, with the sector's credit risk falling to a tolerable level, rumors of policy easing in non-core districts in first-tier cities and better-than-expected 1Q24 results from CHINA OVERSEAS (00688.HK), according to the report. Investors' exposure to the sector remains low, but there is still a chance to add to "beaten down" but quality stocks with great yield and attractive valuation, Citi Research said. Citi Research listed CHINA RES LAND (01109.HK), BEKE-W (02423.HK), GREENTOWN MGMT (09979.HK) and CHINA OVERSEAS as its top picks. AAStocks Financial News |
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