Guojin Securities: Real estate stock prices and valuation bottoms are now
The Housing and Urban-Rural Development Bureau of Lin'an District of Hangzhou issued a notice on May 14. Following a study and decision by the Lin'an District People's Government, a number of commercial housing units were purchased for use as public rental housing within Lin'an District. The basic housing conditions are as follows:
① The property uses the entire building as the basic acquisition unit, and the construction area of a single unit is no more than 70 square meters;
②. The purchased property must be equipped with a certain proportion of parking spaces. The number of parking spaces to be sold in the property meets the matching conditions, that is, each unit of 60 square meters (inclusive) or less is configured with a ratio of 0.6 parking spaces, and each unit of 60 square meters or more is configured at a ratio of 1.0 parking space.
The assessed price of the surrounding property or parking space was used as the maximum price for this acquisition, and finally implemented in accordance with the “Specific Implementation Plan on the Acquisition of Commercial Housing for Public Rental Housing” which was reviewed and approved by the district government.
Tianfeng Securities pointed out that the gambling government's collection of stored houses was an event with a “low win rate and high odds.”
Once such an event occurs, there is more space on the right side, so it is more suitable for trading on the right side.
Guojin Securities pointed out that real estate inventory removal is expected to be promoted through “trade-in” and requires policy and financial support from the central level, such as PSL; when targeting US real estate and China's aviation industry, stock prices and valuations reflect expectations, and fundamentals are being repaired or lagging behind. It is expected that inventory removal will drive a shift in market expectations, and the bottom of real estate stock prices and valuations is already at the bottom.
Companies related to the real estate sector:
Sunac China (01918), Longhu Group (00960), Ocean Group (03377), Vanke Enterprise (02202), C&D International Group (01908), Yuexiu Real Estate (00123), China Resources Land (01109), etc.;
Property management companies: China Resources Vientiane Life (01209), Poly Real Estate (06049), Midea Real Estate (03990), etc.
Housing agency: Seashell-W (02423), Country Garden Service (06098)