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<Research>BOCOMI: Indian Summer Anticipated; CHINA RES LAND/ YUEXIU PROPERTY Still Liked in Mid-to-long Term
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BOCOMI released its monthly report on China's real estate industry. According to preliminary data from CRIC, as the Spring Festival holiday approaches, the full-caliber total sales amount of the top 100 developers in January 2026 decreased by 46.5% MoM from RMB340.9 billion in December to RMB182.2 billion. The sales of 20 major listed developers tracked by the broker slipped by 53.1% MoM in January. Among the top 10 developers in January sales, nine were SOEs, with Poly Developments ranking first. BOCOMI expected continued favorable policies in 2026, with local two sessions being held successively. The five-dimensional main lines of 'stabilizing the market, optimizing supply, promoting leasing, driving renewal and preventing risks' will run throughout. The broker still anticipated that demand in the secondary market will continue to improve and outperform the primary market. In the medium to long term, BOCOMI remained optimistic about CHINA RES LAND (01109.HK) and YUEXIU PROPERTY (00123.HK), with both rated at Buy, due to their excellent sales performance over the past few years and stronger execution capabilities in sales. AASTOCKS Financial News Website: www.aastocks.com |
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