GF strategy pointed out that the recently released economic data in October and the third quarter Goods Administration implementation report confirmed the combination of “no improvement economy + easing restricting the rise”. Although the economy is relatively weak, the real estate investment is full of resilience, which is in sharp contrast to the high risk premium given by current investors to the real estate chain. It is suggested to select the leading real estate chain companies (heavy truck / building materials / construction machinery) with “undervalued value” + “good competition pattern”.
According to gf’s strategic judgment, the toughness of real estate investment will be maintained for at least half a year. Real estate investment can be divided into construction and installation equipment investment and land investment: (1) it is expected that the growth rate of construction and installation equipment investment will rise for at least 8 months. (2) It is expected that the growth rate of land investment is expected to remain above 10% for about one year.
(Securities Times)
