Real estate, home furnishings, building materials and other sectors rose collectively on the 27th. As of press time, Casin Real Estate Development Group Co.Ltd(000838) , Beih-Property Co.Ltd(600791) rose by the limit, Gemdale Corporation(600383) rose by more than 9%, and Yango Group Co.Ltd(000671) , Shunfa Hengye Corporation(000631) rose by more than 5%; In the household sector, Jiangshan Oupai Door Industry Co.Ltd(603208) rose by the limit, Zbom Home Collection Co.Ltd(603801) rose by more than 8%, and Goldenhome Living Co.Ltd(603180) , Suofeiya Home Collection Co.Ltd(002572) , Qumei Home Furnishings Group Co.Ltd(603818) rose by more than 5%; In the building materials sector, Dehua Tb New Decoration Material Co.Ltd(002043) , Zhejiang Jianfeng Group Co.Ltd(600668) , Changjiang materials, etc. rose by the limit.
Basically, recently, many departments have expressed their position, emphasizing the promotion of a virtuous circle and healthy development of the real estate industry, and the real estate is expected to continue to improve.
On December 24, the monetary policy committee of the people’s Bank of China held a regular meeting for the fourth quarter of 2021. The meeting pointed out that we should safeguard the legitimate rights and interests of housing consumers, better meet the reasonable housing needs of home buyers, and promote the healthy development and virtuous cycle of the real estate market. We will promote high-level two-way financial opening-up and improve our economic and financial management ability and risk prevention and control ability under open conditions.
In a recent interview with Xinhua news agency, Wang Menghui, Minister of housing and urban rural development, said that he would resolutely implement the deployment of the central economic work conference, firmly adhere to the positioning of “houses are for living, not for speculation”, do not use real estate as a tool and means to stimulate the economy in the short term, strengthen expected guidance, and take urban measures to promote the virtuous circle and healthy development of the real estate industry. He stressed that the structural reform of housing supply side will be promoted. In view of the housing needs of new citizens, young people and other groups, we will increase policy support for finance, land and public services, vigorously develop indemnificatory rental housing, develop common property rights housing according to local conditions, and accelerate the development of the long-term rental housing market.
In addition, the people’s Bank of China and the China Banking and Insurance Regulatory Commission recently jointly issued a notice to encourage banking financial institutions to provide financial support and services for mergers and acquisitions of key real estate enterprise risk disposal projects. The notice stressed that banking financial institutions should steadily and orderly carry out M & a loan business, and steadily and orderly carry out M & a loan business of real estate projects in accordance with the principles of legal compliance, controllable risk and commercial sustainability. Focus on supporting high-quality real estate enterprises to merge and acquire high-quality projects of some large real estate enterprises with risks and operating difficulties.
Ping An Securities believes that with the implementation of relevant policies, in addition to revitalizing the liquidity of real estate enterprises in danger, high-quality private enterprises and central state-owned enterprises are expected to expand their advantages with the help of policies. At the same time, the policy support in project selection, financing support and risk management is also expected to help the transferee real estate enterprises control the risk of M & A. From the experience of the United States and Japan, the industry has ushered in the peak of M & A integration after the painful period. The introduction of this policy is expected to accelerate the industry reshuffle. After the “bad currency” is cleared, the industry pattern is expected to be reshaped, and the advantages of high-quality real estate enterprises are expected to be further expanded.
Ping An Securities pointed out that considering the current pressure on the real estate industry, there is still room for local policy fine-tuning and support measures to be gradually implemented under the principle of “housing, housing and non speculation”. In terms of prefecture and city, the third batch of centralized land auction in Hangzhou has warmed up. Subsequently, under the adjustment of land auction rules and the improvement of capital environment, the marginal improvement of land auction in some cities is not ruled out, but the local heat is expected to show differentiation. In terms of investment suggestions, the short-term industry liquidity crisis has not been eliminated, the policy game space is still in place, the medium and long-term industry bottoms out and stabilizes, and the leading real estate enterprises will benefit more from the warmth of policies and stand out with comprehensive advantages. It is suggested to pay attention to Poly Developments And Holdings Group Co.Ltd(600048) , Gemdale Corporation(600383) , China Merchants Shekou Industrial Zone Holdings Co.Ltd(001979) , China Vanke Co.Ltd(000002) . The property management and business management sectors have broad industrial space, stable stock and strengthened independent development. Under the trend of increasing policy support and concentration, mainstream participants have great prospects. They are optimistic about property management leaders with outstanding comprehensive strength and continuous good operation, such as country garden service and poly property, as well as commercial operators occupying high-quality tracks in shopping centers and strong asset light output strength, Such as Xingsheng commerce, etc. From the perspective of industrial chain, it is suggested to pay attention to waterproof faucet Keshun Waterproof Technologies Co.Ltd(300737) .
Debang Securities said that from the perspective of recent policy, the financing end of real estate enterprises and the credit end of residents have ushered in marginal relaxation. The end of real estate policy may have gradually appeared, and the dark moment has passed; Now the fundamentals waiting for the market may come in the first quarter of next year, and the introduction of affordable rental housing hedges the decline of real estate in total. However, its structural concentration in the first and second tier cities is more conducive to the leading enterprises of consumer building materials to seize the market share. Under the trend of increasing concentration, the operation of leading enterprises still maintains steady growth. With the easing of pessimism in the real estate chain, waterproof Paint, hardware and other leading enterprises are expected to welcome the repair market; Waterproof materials throughout the construction period and catalyzed by new industry standards are preferred (pay attention to Beijing Oriental Yuhong Waterproof Technology Co.Ltd(002271) , Keshun Waterproof Technologies Co.Ltd(300737) ); Secondly, pay attention to the coatings with consumption properties ( Skshu Paint Co.Ltd(603737) ), gypsum boards benefiting from the completion cycle ( Beijing New Building Materials Public Limited Company(000786) ), pipe faucets with excellent business quality ( Zhejiang Weixing New Building Materials Co.Ltd(002372) ) and ceramic tile faucets ( Monalisa Group Co.Ltd(002918) ).
(Securities Times)
