Jinwu Financial News | Domestic housing stocks generally fell, Agile Group (03383) fell 15.71%, Xuhui Holding Group (00884) fell 7.59%, Sunac China (01918) fell 5.07%, Longguang Group (03380) fell 5.71%, Shimao Group (00813) fell 4.76%, and China Jinmao (00817) fell 4.05%.
Open Source Securities said that judging from the overall performance of the real estate sector, the performance of most leading housing enterprises is under pressure from carry-over gross margin and inventory depreciation, but at the same time, in the process of clearing the industry, high-quality housing enterprises are steadily selling and acquiring land, optimizing debt structures and reducing financing costs, and they are optimistic about future market share increases. Real estate sales and investment data have continued to be under pressure since 2023. The market is still in the process of adjustment, and the current confidence of buyers has not recovered. With sales data falling short of expectations, the bank believes that the three major projects in 2024 will effectively support real estate investment.