CITIC Securities: There is still room for real estate stocks to rise – yqqlm

Securities Times e company news, CITIC Securities Research Report believes that the three bottoms of real estate – policy bottom, sales bottom and investment bottom always appear in sequence. The policy has been clarified at the end of the fourth quarter of last year. Since March, the favorable policies of city-specific policies have accelerated. Combined with the past rules, the recovery of sales is not far away. The growth rate of commercial housing sales in the second quarter may bottom out and pick up, but the bottom of investment still needs to wait. . For real estate stocks that have performed well recently, we believe that as long as the downward pressure on the economy is not substantially relieved, or the real estate sales are not confirmed to bottom out, the loosening policy of real estate may continue to be introduced, and there is still room for real estate stocks to rise.