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<Research>HSBC Research Names CHINA RES LAND/ C&D INTL GROUP/ SEAZEN as Top Picks; Positive Stock Mkt Reaction to Eased Shenzhen Home Purchase Restrictions
Recommend 4 Positive 5 Negative 2 |
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With Shenzhen further easing home purchase restrictions in core areas, related sector stocks reacted positively, and the continuity of supportive policies is expected to alleviate market concerns that policies could be tightened as the property market begins to recover, HSBC Global Research said in a report. The bank expects that clearly articulated policies since January will help release pent-up demand and accelerate the recovery in market sentiment, but investors should focus not only on short-term policy news but also on improvements in fundamentals. Among Chinese property developers, HSBC Global Research's top picks are CHINA RES LAND (01109.HK), C&D INTL GROUP (01908.HK), and SEAZEN (01030.HK). All of them have been rated as Buy, with target prices of HKD37.7, HKD19.9, and HKD3, respectively. Auto-translated by AI AASTOCKS Financial News |
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