
HSBC Research: The easing of measures in Shanghai's real estate market will help boost market confidence, preferring RunDi, C&D International Group, and Seazen
HSBC Research published a report stating that Shanghai has recently further relaxed housing purchase restrictions and increased housing provident fund support. The timing of the policy rollout is timely and will align with the upcoming sales peak season, which is expected to enhance market confidence in the stabilization of housing prices and may drive the sector to maintain its strength.
The bank continues to favor China Resources Land (01109.HK), C&D International (01908.HK), and Seazen (01030.HK), all rated "Buy," with target prices of HKD 39, HKD 20.1, and HKD 2.4, respectively. HSBC Research also believes that China Overseas Land & Investment (00688.HK) is worth attention, giving it a "Hold" rating, optimistic about its land reserves being highly concentrated in first-tier cities, which could benefit from the recovery of the property market, with a target price of HKD 14.7

