lele247slot| Big Bank Rating| JPMorgan Chase: News that local governments buy unsold homes, real estate shares react positively

JPMorgan Chase issued a report stating thatlele247slotThere is news that China may ask local governments to buy unsold houses. Although the news is not a new concept to the market, the possibility of expanding the scale is exciting. The bank is still skeptical about whether the scale is enough to trigger a recovery in the industry. However, it believes that it is the right move in terms of overall direction. The bank expects Neifang's share price to respond positively to the news and remain strong until the Third Plenary Session of the Central Committee in July. Since hitting bottom in mid-April, the home sector has outperformed the MSCI China Index by 15%. For example, compared with the highest relative performance of domestic housing stocks during the past uptrend period (22%), there is still 7% upside space.

The bank believes that private enterprises may increase or increase significantly in the short term, but only state-owned enterprises can see more sustainable opportunities for re-evaluation. The bank prefers developers such as China Resources Land, as well as property managers such as Poly Property, China Resources Vientiane Life and Greentown Services.