Greentown China's stock surged 5.19% in intraday trading on Thursday, as investors reacted positively to analyst recommendations and potential policy support for China's property sector. The significant uptick comes as the Chinese real estate market shows signs of stabilization, particularly in top-tier cities.
CGS International analysts have highlighted Greentown China as one of their preferred private developers in the Chinese property market. This endorsement comes amid expectations of stronger stimulus measures for the sector, as Beijing aims to achieve its GDP growth target of around 5%. Potential policy support could include faster implementation of buying unsold units from property developers and lower mortgage rates.
The positive outlook for Greentown China is further bolstered by the possibility of full easing of homebuying curbs to boost consumption. Analysts suggest that high U.S. tariffs on Chinese goods might prompt policymakers to intensify their support for the property sector, potentially benefiting companies like Greentown China. As the market anticipates these potential measures, investors appear to be positioning themselves in favored stocks within the sector.
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