Morgan Stanley expects that the sales of domestic real estate will further decline in the first quarter
Morgan Stanley's report pointed out that despite the low base effect from the Lunar New Year, the sales of new homes in January still averaged a decline of 32%. Due to insufficient buyer confidence, increased inventory, and policy impacts, sales are expected to further decline in the first quarter. Morgan Stanley is optimistic about high-quality companies with self-rescue capabilities, such as CHINA RES LAND and Seazen, as well as high-quality mall operators benefiting from policies. C&D INTL GROUP is viewed positively due to its optimization of land reserves, which helps improve profit margins
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