In the continuous correction of the market since March and the complex changes in the external situation, yesterday, the financial stability and Development Commission of the State Council held a special meeting to study the current economic situation and capital market issues, which was presided over by Liu He, member of the Political Bureau of the CPC Central Committee, Vice Premier of the State Council and director of the financial commission. The meeting stressed that we should actively introduce policies that are beneficial to the market and prudently introduce contractionary policies; Maintain the long-term trend of China’s healthy economic development and jointly maintain the stable development of the capital market.
In addition, the meeting also released a lot of important information on issues of concern to real estate enterprises, China concept shares, Hong Kong stock market, platform economy and so on. After the voice of the national financial commission, many ministries and commissions issued a statement to support the market.
Near the closing yesterday, the Shanghai stock index rose all the way, and the market closed up 3.48%, in sharp contrast to the previous day. The major indexes of the Hong Kong stock market were also in full swing. The Hang Seng Index rose more than 9% to recover 20000 points, and the Hang Seng technology index rose more than 22%, the largest one-day increase on record.
Citic Securities Company Limited(600030) research report pointed out that the special meeting of the Finance Committee of the State Council has a clear attitude towards stabilizing the operation of macro-economy and capital market. It is expected that various policies including money, credit, supervision and real estate in the next stage are expected to form a joint force of stable growth and stable forecast .
In the overnight market, the boots of the Federal Reserve’s interest rate hike in March have also landed. Today, the A-share market continues to rebound strongly. The Shanghai index rose 2.59% in half a day and the gem index rose 4.38%. All sectors in the two cities rose across the board, and none of them fell. Among them, real estate services, traditional Chinese medicine, covid-19 treatment, photoresist, medical beauty and other sectors led the increase.
Among them, the rebound of real estate related sectors is the most brilliant today, Sundy Land Investment Co.Ltd(600077) “Xi ti” four link board, Yango Group Co.Ltd(000671) , Shenzhen Heungkong Holding Co.Ltd(600162) , Metro Land Corporation Ltd(600683) , China Calxon Group Co.Ltd(000918) , Seazen Holdings Co.Ltd(601155) , etc.
Supported by the strong news, today, real estate bonds also strengthened one after another, “19 Shimao 01” and “20 rongchuang 02” took the lead in rising by more than 20%, triggering the temporary stop; Subsequently, “21 rongchuang 03” Rose 23%, which also triggered the temporary stop. Hong Kong stocks and real estate stocks also performed well.
The State Council said that it should review yesterday’s financial transformation and put forward effective measures to prevent and resolve risks in a timely manner; Subsequently, the cbcirc said that it would encourage institutions to carry out M & A loans in a stable and orderly manner, focusing on supporting high-quality real estate enterprises to merge and acquire high-quality projects of difficult real estate enterprises; The Ministry of finance also said that it does not have the conditions to expand the pilot cities of real estate tax reform this year.
China Industrial Securities Co.Ltd(601377) real estate researcher Jin Luyu said in the report today that multiple departments speak together, and the change of real estate policy is expected to further enhance .
Jin Luyu also said that with the clear statement of various departments, on the supply side, the supervision of pre-sale funds, collection and M & A, real estate financing and so on are expected to improve. On the demand side, the policy is also expected to change further. Under the urban construction policy, the loan interest rate and purchase restriction conditions are likely to be relaxed. In the industry, the logic of supply side reform is accelerating. At present, the financing advantages of high-quality real estate enterprises are obvious, and the share of land acquisition is increased. The third batch of centralized land supply last year accounted for about 70% of the land acquisition by state-owned and central enterprises, and about 45% of the first batch. The profit margin of the land market improved due to the reduction of competition heat, the decline of premium rate and the adjustment of land transfer rules. High quality real estate enterprises will benefit relatively and usher in greater development opportunities.
what should I buy during the rebound period
Guotai Junan Securities Co.Ltd(601211) Chen Xianshun’s team suggested that the current stock investment opportunities are characterized by low risk. Spring will finally come, but before the demand side policy and the trend of credit easing are clear, geopolitics, tightening of overseas liquidity and inflation of physical assets will still restrict the choice range of investors and the improvement of risk appetite .
After the meeting of the Finance Committee on March 16, the A-share market rebounded in the short term. However, the selection of stocks should focus on stocks with low-risk characteristics. Profit certainty, dividend strategy, high dividend strategy and undervalued strategy are the advantageous strategies for investors to obtain income at present.
Based on this, Cailian combed some low valued real estate stocks and their latest dividend yield as follows:
