Property News · February 8, 2017

Chinese property stocks surge on strong profit outlooks


Chinese property stocks surged in Hong Kong on Wednesday, on bullish profit prospects, despite a wider pullback by the broader markets.
Big brokerages including Morgan Stanley have highlighted this week that the market has under-appreciated the earnings secured by developers, and the sector should be re-rated.
Country Garden, the nation’s third largest homebuilder, led the gains. Its stock jumped as much as 8.5 per cent to close morning trading at a three-year high of HK$5.13.
Other major…

Source : South China Morning Post
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