On April 4, Hong Kong stocks and domestic property stocks strengthened. According to Wind data, as of press time, China Jinmao (0817.HK) and Logan Group (3380.HK) have risen by more than 20%; New Town Development (1030.HK), Powerlong Properties (1238.HK), CIFI Holdings Group (0884.HK), Mingfa Group (0846.HK), SRE Group (1207.HK), Times China Holdings (1233.HK), and Vanke (2202.HK) all rose by more than 10%.
At the same time, the domestic property management sector of Hong Kong stocks also ushered in a general rise. As of press time, Sunac Service (1516.HK), Xinchengyue Service (1755.HK) The increase was over 18%; Jinmao Services (0816.HK) increased by over 15%; Excellent Business Services (6989.HK), Country Garden Services (6098.HK), Hejing Youhuo (3913.HK), Riverside Services (3316 .HK), etc. rose by more than 10%.
Analysts pointed out that the main reason for the strong stock prices of mainland real estate companies listed in Hong Kong is that the market has relatively optimistic expectations about the strength of the following policies. Judging from the annual report data released by housing companies, the sales data and net profit of various housing companies have declined significantly, so the market generally expects that various policies will be implemented in the future.
Jiang Han, a senior researcher at Pangu Think Tank, believes that the rise of Chinese property stocks is actually related to the gradual loosening of the real estate market in various places. It can be seen that the real estate market in many places has begun to relax the regulation of the property market, and the gradual loosening of the regulation of the property market will become the general trend in the future. Therefore, under such circumstances, the real estate market has a good development prospect, and the future market is worth looking forward to. On the other hand, the current real estate stock itself is already in the low valuation range, so in the state of low valuation, the market has more room to rise.
As for the rise of property stocks, Jiang Han believes that during the epidemic in 2020, property stocks will perform better. Similarly, the current epidemic is repeated again. For most people, the importance of the community is becoming more and more important. Community supply or community service has also become the focus of everyone’s attention. Property stocks are once again on the market. The current rise is actually another improvement of the Hong Kong stock market’s imagination space. Whether it is real estate stocks or property stocks, the imagination space is expanding.
Yan Yuejin, Research Director of the Think Tank Center of E-House Research Institute, also pointed out that recent policies have frequently released warmth, which is good for real estate projects and property sectors, and some companies continue to operate The situation may improve, and naturally it will also have a better performance in terms of stock prices.
It can be seen that since 2022, the central government has repeatedly emphasized support for the release of reasonable housing demand, local governments have implemented city-specific policies, and policy optimization and adjustment at both ends of supply and demand have increased. According to complete statistics, in the first quarter, more than 60 cities issued more than 100 real estate-related policies, mainly related to targeted relaxation of purchase restrictions, reduction of down payment ratio, issuance of housing subsidies, reduction of mortgage interest rates, cancellation of sales restrictions, and provision of financial support for housing enterprises. In March, Zhengzhou implemented the requirements of the central government and introduced the “19 new policies” with the most extensive coverage and the most powerful policies. At the end of March, Fuzhou relaxed the purchase restriction and Harbin lifted the sales restriction. In terms of sales and other aspects, the overall policy relaxation has been strengthened and accelerated.
According to the report of the Middle Index Research Institute, since the second half of last year, the overall property market is expected to be weak, and the repeated epidemics have resulted in The market continued to be sluggish in the first quarter, but the subsequent backlog of demand is expected to be gradually released after the policy is relaxed, and the market can be expected to stabilize in April.