＜Research＞HTSC: New Home Policies in BJ Fill Last Puzzle of Change in T1 Cities, Expected to Keep Stablise Mkt Expectations

　　Huatai Securities released a research report on Beijing's new real estate policy. Like Shenzhen, Beijing's policy this time focused on credit and did not involve the purchase restriction policy. The broker believed Beijing's policy is a response to the new central policies announced on 17 May, reflecting the regulator's clear demand for “property sector stabilisation” being implemented continuously at an operational level. This is expected to promote the restoration of confidence in the property market and foster bottoming out as soon as possible, providing room for valuation repair for the sector.

　　According to Huatai, continuous policy improvement is expected to stabilise market expectations. The broker is optimistic about high-quality property developers and property management companies with abundant resources and solid operations in core cities, and recommended C&D INTL GROUP (01908.HK) +0.180 (+1.253%) Short selling $1.26M; Ratio 18.244% , YUEXIU PROPERTY (00123.HK) -0.090 (-1.737%) Short selling $946.03K; Ratio 3.175% , CHINA RES LAND (01109.HK) 0.000 (0.000%) Short selling $39.01M; Ratio 33.937% , CHINA OVERSEAS (00688.HK) -0.020 (-0.147%) Short selling $19.73M; Ratio 25.791% , and LONGFOR GROUP (00960.HK) -0.200 (-1.835%) Short selling $5.82M; Ratio 16.892% .

　　Related NewsDaiwa Notes Enhanced Property Easing Policies in BJ; Industry Top Picks CR LAND, YUEXIU PROPERTY

　　As for property managers, Huatai is bullish on CHINA RES MIXC (01209.HK) -0.350 (-1.333%) Short selling $3.63M; Ratio 10.983% , POLY PPT SER (06049.HK) -0.050 (-0.173%) Short selling $375.93K; Ratio 2.916% , BINJIANG SER (03316.HK) +0.040 (+0.248%) and ONEWO (02602.HK) +0.100 (+0.428%) Short selling $1.32M; Ratio 25.648% .

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-06-28 12:25.)

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