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<Research>JPM: CHINA OVERSEAS/ CHINA JINMAO/ Others Preferred on SZ Property Mkt Policy Easing
Recommend 4 Positive 3 Negative 5 |
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Shenzhen introduced a new round of property support measures yesterday (29th), seven months after its last easing in September 2025, JPMorgan published a research report saying. The move was in line with market consensus, as Beijing and Shanghai had introduced similar adjustments in December 2025 and February 2026, respectively. However, the degree of easing in Shenzhen is stronger than that in Beijing and Shanghai. The broker expected local trading volumes and home prices to improve for at least one to two months. JPMorgan believed that many investors are no longer focusing on the short-term impact of local policy easing, but are instead expecting potential endogenous improvement in the market. Over the next three to six months, the broker favored CHINA OVERSEAS (00688.HK), whose share price lagged but has delivered outstanding sales performance YTD, as well as CHINA JINMAO (00817.HK), whose sales momentum is expected to remain strong. Moreover, JPMorgan also liked CHINA RES LAND (01109.HK) and CHINA RES MIXC (01209.HK). Auto-translated by AI AASTOCKS Financial News |
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