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Daiwa Securities rating: Tencent and Ctrip are preferred for Chinese internet stocks, bullish on Netease, PDD Holdings, Meituan and KE Holdings.
Daiwa has released a research report stating that they have recently met with many investors in the United States who are focusing on investing in the Asian market. After consolidation, the bank found that American investors generally have a bullish outlook on Tencent, with most giving a "buy" or "shareholding" rating, and they expected more catalysts to push its stock price further ahead of the market, such as improvement in gaming business performance, strong growth in advertising business and ongoing shareholder returns. Investors are also bullish on PDD Holdings, with a unanimous buy rating, and also tend to choose Ctrip, Ke Holdings, and Meituan. Daiwa pointed out that Ctrip's international business development seems to have not been recognized by investors, while
Hong Kong stock market concept tracking | Real estate market trading activity was active during the Dragon Boat Festival holiday and institutions believe that opportunities for medium and long-term trades may appear frequently. (Attached concept stocks)
According to the data on the official website of Shanghai Real Estate Trading Center's "Online Real Estate", nearly 960 second-hand housing transactions were signed in the two days before the Dragon Boat Festival, exceeding the total number of transactions during the 5-day "May Day" holiday. The rebound in second-hand housing transactions means that the replacement chain can be activated as soon as possible.
From January to April, the new construction area of houses decreased by about 25% year-on-year, and the pressure on the real estate sector still exists.
According to statistics released by the Bureau of Statistics on May 17, the construction area of housing by real estate development enterprises in the first four months of the year was 6.87544 million square meters, a year-on-year decrease of 10.8%. Among them, the construction area of residences was 4.80647 million square meters, a decrease of 11.4%. The newly started construction area of buildings was 235.1 million square meters, a decrease of 24.6%, of which the newly started construction area of residences was 17.006 million square meters, a decrease of 25.6%. The decreases in the construction area and newly started area of residences by 11.4% and 25.6%, respectively, indicate that the willingness of residential developers to start construction is not active and the industry downturn has not yet ended. Apart from that.
Express News | NYSE Order Imbalance 135793.0 Shares on Sell Side
[Brokerage Focus] Citic Sec believes that the recovery of mainland real estate may not be short-lived.
CITIC Securities said that the recovery of the mainland real estate market may not be short-lived. In history, policies tend to be more cautious, and mainly focus on certain aspects. The market releases a wave of demand under policy stimuli, leading to short-lived recovery.
Express News | NYSE Order Imbalance 93281.0 Shares on Buy Side
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