Changes in Hong Kong stocks | Domestic housing stocks are recovering collectively, and the total volume of transactions in the real estate market is stabilizing, institutions say the housing price trend is relatively positive

The Zhitong Finance App learned that domestic housing stocks were recovering collectively. As of press release, Greentown China (03900) rose 5.69% to HK$5.85; Longhu Group (00960) rose 4.29% to HK$5.475; Xuhui Holding Group (00884) rose 3.23% to HK$0.032; and Xincheng Development (01030) rose 2.55% to HK$1.405.

According to the news, data released by the National Bureau of Statistics on the 15th shows that in August, out of 70 large and medium-sized cities, commercial residential sales prices in first-tier cities rose month-on-month, while the overall month-on-month decline in second- and third-tier cities narrowed. Fu Linghui, press spokesman of the National Bureau of Statistics, chief economist, and director of the National Economic Comprehensive Statistics Department, said at the press conference of the State Information Office on the same day that although newly built commercial housing transactions have declined, the total volume of transactions in the real estate market has stabilized as second-hand housing transactions have increased.

Guoxin Securities pointed out that the overall real estate fundamentals index was weak in August, but the housing price trend was relatively positive. Considering that the current discount margin for real estate stocks is sufficiently or even excessively pessimistic about future housing price declines, we reaffirm that real estate stocks have value space and stock prices are at the bottom of the medium term. Although the new real estate sales regulations introduced on August 28 had an impact on market sentiment, we believe that the policy is relatively mild, and the long-term benefits outweigh the disadvantages on the industry.