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<Research>CLSA Expects CN Developers to Outperform HK Homebuilders This Yr; Top Picks CHINA RES LAND/ LINK REIT
Recommend 10 Positive 13 Negative 8 |
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The policy direction of China's real estate market is showing a divergent trend, CLSA published a research report saying. Shanghai unexpectedly introduced multiple easing measures, while Hong Kong tightened its property market policies in the new Budget. Historically, Hong Kong homebuilders' share prices tend to adjust after a rebound, CLSA noted. Therefore, the broker expected Chinese developers to outperform Hong Kong homebuilders for the remainder of this year. Its top picks are CHINA RES LAND (01109.HK) and LINK REIT (00823.HK), with the former expected to benefit from the policy environment and the latter from potential REIT connect. Both stocks are rated at Outperform, with target prices of $35.4 and $51, respectively. AASTOCKS Financial News Website: www.aastocks.com |
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