Analyst
Analyst
Top Stories
Sector Update | China Property
Rental yields in major cities improved in 1H26, supported by lower home prices and modest rental growth. Policy impact diverged across Tier 1 cities, with Beijing and Shanghai remaining resilient but Guangzhou and Shenzhen showing fading momentum. During the first week of July, new-home sales in 19 major cities increased 13% yoy. Second-hand home transactions in core cities continued to post strong sales growth. Meanwhile, overall housing prices continued to trend downwards. Maintain UNDERWEIGHT on China’s property sector.
Technical Analysis
HBM Holdings | 2142 HK
Support levels: HK$10.65/HK$10.07
Resistance levels: HK$13.52/HK$14.98
Shanghai Conant Optical | 2276 HK
Support levels: HK$30.04/HK$26.50
Resistance levels: HK$38.64/HK$39.78
Top Stories
Sector Update | China Property
Rental yields in major cities improved in 1H26, supported by lower home prices and modest rental growth. Policy impact diverged across Tier 1 cities, with Beijing and Shanghai remaining resilient but Guangzhou and Shenzhen showing fading momentum. During the first week of July, new-home sales in 19 major cities increased 13% yoy. Second-hand home transactions in core cities continued to post strong sales growth. Meanwhile, overall housing prices continued to trend downwards. Maintain UNDERWEIGHT on China’s property sector.
Technical Analysis
HBM Holdings | 2142 HK
Support levels: HK$10.65/HK$10.07
Resistance levels: HK$13.52/HK$14.98
Shanghai Conant Optical | 2276 HK
Support levels: HK$30.04/HK$26.50
Resistance levels: HK$38.64/HK$39.78
Analyst
Analyst
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