Changes in Hong Kong stocks | Domestic housing stocks strongly boosted Vanke (02202) in the afternoon, surged more than 16%, Sunac China (01918) rose more than 12%

The Zhitong Finance App learned that domestic housing stocks rose strongly in the afternoon. As of press release, Vanke Enterprise (02202) rose 16.47% to HK$3.89; Sunac China (01918) rose 12.56% to HK$1.39; Jinhui Holdings (09993) rose 11.56% to HK$2.22; Shimao Group (00813) rose 9.85% to HK$0.223; Agile Group (03383) rose 9.68% to HK$0.34.

According to the news, a recent Caixin Securities research report indicates that in the short term, expectations of policy easing brought about by a further decline in fundamentals are expected to drive sector valuation repair, and in the long term, we need to pay attention to development opportunities for housing enterprises under the new model. The bank suggests focusing on valuation repair opportunities brought about by policy easing in the short term, and focusing on leading enterprises with core urban resources and real estate operation capabilities in the medium to long term. Galaxy Securities believes that risks such as real estate, small and medium-sized financial institutions, and local debt may be key areas for future policy development.