Industry analysts property stocks rebound in share prices have bottomed out or bring policy changes
According to voice of the central-canton News reported, last week depressed atmosphere in Shanghai and Shenzhen stock markets after the strong rally this week swept away, huzhi rising 5 consecutive days this week, full week growth of 6.7%, their biggest one-week rise in the year. Gospel of the real estate seems to be coming, October’s manufacturing purchasing managers ‘ index (PMI) published on November 1, Shanghai and Shenzhen stock market rally to continue?
From the message on the face of it, this is mainly because, when approaching the weekend, Minister of housing and urban-rural development in China said Jiang Weixin, efforts are under way to personal housing information system construction of cities and towns, this system established to integrate some additional information, you do not have to use restriction of way. Guangfa securities analyst Xu Junping, believes that the severity of the current property taxes than a restriction, but there real estate stocks already low, that is, the policy is expected to have hit bottom, naturally this section also has investment value.
CITIC Securities analyst Chen Cong agreed that policy changes, time cannot be accurately predicted, but property stocks cheap valuations, trial and error is very small, so it has a certain attraction. We all know banking, real estate is the core plate, the Bank’s performance good, real estate has good news, so many people think that the present market, at least not as vulnerable as early.
Forecast is the official PMI index published previously. HSBC has released before October manufacturing purchasing manager index of expected value, was 51.1, 3 consecutive month below 50 boom line and rebounded for the first time, hit a 5-month high. Industry experts say about this, four-quarter indicated that manufacturing a good beginning, China’s economy and no worry of a hard landing. Estimated time to the official data would also be good, at least not have a negative impact on the market. (Reporter Chai Hua)