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M Stanley: Recent Uptrend in CN Property Sector Unlikely to Sustain; Home Sales/ Prices May Ebb in Coming Mths
2026-01-30 14:23:36
In Morgan Stanley’s view, the recent elevation in the Chinese property developers is majorly due to improved investor sentiment, an uptick in residential sales in recent weeks, and sector rotation to laggards. However, the broker considered investors to be overly optimistic about market recovery.

It anticipated that the effects of policies will diminish and that seasonal factors related to the Lunar New Year holiday will cause residential sales in China to subside in the coming months, with property prices potentially accelerating their decline. Furthermore, given the recent improvement in residential sales volume in T1 cities, the likelihood of policy stimulus is further reduced.

Morgan Stanley's investment ratings and target prices for Chinese property developers are listed as follows:

Stocks | Investment Ratings | TPs (HKD)

C&D INTL GROUP (01908.HK) | Overweight | 20.62
CHINA OVERSEAS (00688.HK) | Equalweight | 8.31
CHINA RES LAND (01109.HK) | Overweight | 39.2
GREENTOWN CHINA (03900.HK) | Underweight | 7.86
CHINA JINMAO (00817.HK) | Equalweight | 1.23
LONGFOR GROUP (00960.HK) | Equalweight | 8.2
SEAZEN (01030.HK) | Overweight | 2.81
CHINA VANKE (02202.HK) | Equalweight | 3
YUEXIU PROPERTY (00123.HK) | Overweight | 5.13
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AASTOCKS Financial News
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