Gelonghui May 27| China Merchants Securities Research Report on May 27 statedhardymarquis3In April, the year-on-year growth rate for the base period adjustment of the completed area in a single month was-19hardymarquis3.1%(increased by 2.2% from the previous monthhardymarquis3.6 percentage points)hardymarquis3, the cumulative base period adjustment from January to April is-20.4% year-on-year. Based on the leading role of sales and new construction, it is judged that completion will gradually start a fallback cycle. Under the influence of the real estate financing coordination mechanism, some historical suspended and delayed projects have either resumed construction and been completed one after another, or have certain phased support for completion data, but the main line of completion decline will not change. The digestion of completion decline expectations may help some industrial chain companies with product advantages, service advantages and pricing advantages have regained their valuation premiums.
