Yesterday, the A-share market was generally sluggish, and there was no obvious bright spot on the market. The real estate sector became the industry sector with the highest increase, taking over the task of holding the support from the banking sector. The gains of CCCC Real Estate, Everbright Carbo, Vantone Real Estate and Sunshine City all exceeded 5%. The share prices of Gemdale Group and Vanke A hit a new high in the intraday rebound.
The property sector has also outperformed the Shanghai Composite Index this year. The recent December real estate data shows that property investment remains resilient. The industry believes that according to China's current internal and external economic pressures and the city's policy, it is expected that the policy marginal easing in 2019 can still be expected, which will bring the real estate sector valuation and repair opportunities.
Real estate stocks rose collectively
In the low-volume market before the Spring Festival holiday, most of the A-shares were sluggish, and real estate stocks became a bright spot on the board yesterday.
Yesterday, the property of China Communications Real Estate, which has been in the low position for a while, has a strong daily limit, and the quantity can be quickly enlarged to 136 million yuan, about 5.6 times that of the previous trading day of 24.3 million yuan. After the close of the exchange, the public information showed that yesterday, I bought a Everbright Securities Ningbo Minjiang Avenue business department to buy 8,038,600 yuan, Huatai Securities Beijing Guangqumenne Street Sales Department, CIC Securities Shenzhen Shennan Avenue Business Department also absorbed more than 4 million yuan. However, Beijing's hot money sales were relatively strong. Haitong Securities Beijing Guanghua Road Securities Business Department and CITIC Jiantou Beijing Danling Street Securities Business Department sold 12.72 million yuan and 7.47 million yuan respectively.
Real estate stocks such as Everbright Garbo, Vantone Real Estate, and Sunshine City also all showed up, and their closing gains exceeded 5%. Vanke A and Gemdale Group both closed for two consecutive trading days, both of which set a new high since May 2018.
Statistics Bureau data show that in 2018, the sales area and sales of commercial housing in the country rose by 1.3% and 12.2% year-on-year, and the monthly real estate investment grew by 9.5%. .
Huatai Securities analyst Han Xiao believes that under the pressure of high growth and high target assessment in 2018, the sales momentum at the end of the year is not diminished, and the new start-up and push-up rhythm have hedged the sales rate to some extent. Downside, but the decline in market sentiment in 2019 is inevitable. In general, the change of the price limit game is expected to guide the active rapid turnover brought by the passive fast turn to the price limit under the strict price limit. At the same time, under the downward pressure of the industry, there is reason to expect that the direct intervention of the market will be weakened. .
The mortgage loan report released by Rong 360 last December showed that the average interest rate of the first home loan in key cities fell for the first time since mid-2016, and the interest rate dropped by 54 banks, an increase of 39 from November, and the number of declining banks increased significantly. Huatai Securities believes that the first home loan interest rate in December 2018 will be the first turning point in more than two years. At the same time, the improvement of capital cost will drive the bank mortgage allocation will increase, and the leading sales enterprises with higher sales growth rate are expected to benefit indirectly from the acceleration of sales return. .