more positive newsChina Property: Signs of an inflection point;...

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    China Property: Signs of an inflection point; upgrade regional developers to Buy. After four years of property downturns, there are growing signs of market stabilisation in tier-1 and core tier-2 cities. These include a recovery in existing property transactions in 2M25 with no policy easing (Figure 3), inventory months falling to below-average levels in tier-1 cities, rising land auction premiums and stabilising secondary listings. These are similar to the signs seen at the 2014-15 cycle's inflection point. After the relaxation of price cap measures in mid-2024, we think developers are more motivated to improve product quality, increasing their differentiation with neighbouring secondary properties. We raise 2025E-26E new home sales by 7-16% and existing home sales by 7-10%, and now expect national price stabilisation by early 2026 (previously mid-2026). We upgrade Greentown China, Yuexiu Property and C&D International to Buy on their higher exposure to tier-1/core tier-2 cities. We also like Kerry Properties and Swire Properties on their higher exposure to Shanghai's luxury residential market. Source: UBS.
 
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Last
$3.07
Change
0.045(1.49%)
Mkt cap ! $13.80B
Open High Low Value Volume
$3.04 $3.08 $3.04 $36.88M 12.06M

Buyers (Bids)

No. Vol. Price($)
82 253279 $3.06
 

Sellers (Offers)

Price($) Vol. No.
$3.07 397672 100
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Last trade - 14.38pm 11/08/2025 (20 minute delay) ?
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