If you want to speculate in the stock market, you can see the research report of Jin Kirin analysts.AlicegamecryptoAuthoritative, professional, timely, comprehensive, to help you tap the potential theme opportunities!
Source: Securities Market Weekly Market number
"maybe last week was so fierce that real estate stocks began to differentiate."...
After "carrying the banner" last week, real estate stocks adjusted this week. However, from Monday, Tuesday two trading days, there are a lot of target limit. So, the question is, are real estate stocks just short-term speculation? What is its continuity?
The popularity of real estate continues.
The heavy punches of real estate benefits are one after another, which can not be seen at all. The latest big stimulus is the combination of further "reducing down payment and interest rates". As for other advantages, I will not say any more here. In short, it is a sentence: the strength of the policy is constantly strengthened, and the emotional items are constantly ignited.
The heat of property stocks cooled somewhat on Monday, a technical correction to the previous rapid rise, but it picked up again on Tuesday.
They all say, "A big positive line changes faith." There have been a lot of big positive lines in the real estate sector, which may have changed many people's expectations.
In addition to real estate, the household goods and building materials of the real estate industry chain have also changed again and again recently.
At present, the market capitalization of the real estate sector is about 1 trillion yuan, and its abnormal kinetic energy has an impact on the index to some extent. In the past two days, the index has stabilized and rebounded, with real estate, heavyweight stocks and related industrial chains playing a great role.
Take Vanke An as an example, two trading limits have been received recently, namely, April 29 and May 17.
Looking back in history, Vanke A has also risen by the limit for many times. For example, since 2000, it has risen by the limit of more than 40 times. The year with more limit was concentrated in 2007, with about 8 times; from 2015 to 2017, there were a total of about 14 times, which coincided with the change of shed to inventory at that time. In addition, in Vanke A two rounds of intensive limit years, also corresponding to the bull market.
What signals do you think the continuous limit of Vanke A has released? Welcome to leave a message for discussion in the background below.
However, there has been no small increase in real estate stocks. So, follow or not, increase or reduce positions, short-term or long-term? This may still be very confusing.
In the short term, real estate is driven by emotions and expectations, and in the long run, market-side repair will be a key concern.
Some bloggers said that investing in real estate stocks needs to understand a problem: if it is because of the imagination caused by policy stimulus, it is mostly a short-term rebound; if subsequent performance hits bottom and fundamentals reverse, it will need to be observed separately.
For long-term logic, the institutional view is optimistic. Dongguan Securities believes that the introduction of a series of policy combinations will help accelerate the industry out of the bottom of the current adjustment cycle. Policy effectiveness is gradually reflected, the follow-up improvement in property market sales and housing enterprises gradually debt completion, fundamentals and performance improved, will be able to drive plate stocks more sustained upward repair market.
For the direction of real estate stocks, Zheshang Securities said that it can focus on three: real estate enterprises with strong product strength in first-and second-tier cities, urban investment real estate enterprises in core cities and intermediary leaders.
Capital concern is on the rise.
Foreign capital, hot capital and institutions all join the fight.
Behind the restlessness of real estate stocks, multi-channel funds began to be irrepressible.
For example, with northward capital as the representative of foreign investment, let's first take a look at a set of data. Since the real estate sector rebounded on April 25, nearly 70% of the more than 80 land stock stocks have gained additional positions.
When it comes to individual stocks, foreign investors still prefer head companies. The first two companies that increase their positions are head companies with the background of central enterprises, such as Poly Development and Merchants Shekou, both of which have risen more than 40% since April 25.
The following is a summary of a recent high amount of foreign investment in real estate stocks, a detailed and complete list can be seen in Table 1.
Judging from the turnover of the Dragon and Tiger list, hot money and institutions also frequently increase their "good intentions".
For example, I love my family, which received a physical positive line trading limit on May 16. on the same day, the business department of Cinda Securities Shenzhen Bay Science and Technology Ecological Park bought more than 20 million yuan net. On May 17, Greenland Holdings closed by the daily limit. On the same day, the net purchase amount of Huatai Securities's Beijing College South Road Business Department, CITIC Securities Xi'an Vermilion Bird Street Business Department, Huatai Securities Yinchuan Yinjiaqu North Street Business Department all exceeded 10 million yuan.
And these business departments, are generally Fang Xinxia and other top hot money commonly used seats.
Institutions have also bought a number of targets, such as the Jindi Group, which rose by the daily limit on May 17, buying two of the top five seats on the list, with a net purchase of more than 5500 million yuan and 2200 million yuan respectively.
At present, the phenomenon of real estate stocks rising and falling is obvious, from a long-term point of view, its management and other indicators should still play a role.
The following is a list of real estate companies' assets and liabilities (cash short-term debt ratio [monetary funds / year-end short-term liabilities × 100%] greater than 1), profits (higher gross profit margin) and lower valuation for your reference. For a detailed and complete list, please scan the QR code below (Table 2) [free].
Building materials welcome the opportunity for repair
The recent strong performance of real estate stocks has led to a rebound in a number of industrial chains, such as household goods, which has risen well in the past two days, before which we have published "related to real estate!" This neglected plate suddenly came out of a number of cattle stocks to track.
Today we are going to talk about building materials. Building materials belong to the field of real estate construction, including cement, glass, pipe, waterproofing, paint and so on. Recently, stocks in the above-mentioned related fields have changed, such as Keshun shares for waterproofing, Oriental Yuhong; Jianlang hardware for doors and windows; Qibin Group for architectural glass; Conch cement for cement.
For the building materials stock, the agency's view is optimistic. Tianfeng Securities said that from a fundamental point of view, on the one hand, the relief of financial pressure from real estate developers is conducive to the improvement of the balance sheet of building materials enterprises, while the current enterprises with higher accounts receivable have more room for improvement, on the other hand, as the real estate market picks up, the demand for varieties in the real estate cycle is expected to accelerate the stabilization and rebound, and the improvement at the income end is expected to provide further support for the plate market.
From the secondary market point of view, building materials stocks are mostly low overfall rebound, in addition, some stocks are out of the relative long bull market, such as Qibin Group. Since February 6th, it has rebounded by more than 50%.
Observed, behind the strong performance of Qibin Group, its 2023 annual report and first quarterly report results achieved double growth.
There are still many building materials stocks (excluding st stocks) with growth in the 2023 annual report and the first quarterly report, and many of them have also emerged from a strong market.