www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Biz
Property stocks 'may fall'
2010-May-10 07:59:52

Analysts say tough government measures are to blame for slump

Beijing - Chinese property stocks may face further decline amid short-lived rallies despite the current low valuations created by tough government policies, analysts said.

The real estate sector, the worst performer in the A-share market, showed signs of a potential rebound last week after declining nearly 30 percent since April. However, Ou Ruiming, an analyst at Guosen Securities, said the downward trend was unlikely to change in the near term as policy risks have not been fully digested by the market.

"Any rally is unlikely to be sustainable in the short term and the current low valuations do not necessarily signal a buying opportunity," Ou said.

He said the property sector may continue to fall in the short term because risks in the upstream and downstream companies of the industry have not been fully overcome.

Share prices of the real estate sector took a nosedive after the government rolled out a series of tough policies to rein in rapidly rising property prices. They included a ban on loans for third home purchases and raising down-payment requirements for second home mortgages.

Meanwhile, many domestic funds have significantly cut their holdings of property stocks with the National Council for Social Security Fund reducing its by as much as 20 percent in terms of market value in the first quarter this year, according to its first quarter financial report.

The policy tightening also reversed the overall market sentiment as the benchmark Shanghai Composite Index hit an eight-month low last week after declining 18 percent since January.

It is now ranked the fifth worst performing stock market globally after debt-troubled European countries including Greece and Portugal.

While many investors fear that the government's aggressive measures to cool the property market could trigger a slowdown in the overall economic growth, some analysts still take a long position on the real estate sector.

"China's ongoing urbanization process and the massive railway expansion would still support the property sector in the long run," said Jing Ulrich, chairwoman of JP Morgan's for the country's equities and commodities.

"But it may take two or three months for investors to become optimistic about property stocks and investors should pay close attention to any policy change in the following weeks," she added.

Dong Xian'an, chief economist at Industrial Securities, expressed optimism in the market as he felt that the worst scenario of a double-dip recession was highly unlikely to happen.

China Daily

(China Daily 05/10/2010 page14)

[Jump to ]
Nation | Biz | Comment | World | Celebrity | Odds | Sports | Travel | Health
ChinaDaily Mobile News
m.chinadaily.com.cn
To subscribe to China Daily, call 010-64918763 or email to circu@chinadaily.com.cn
主站蜘蛛池模板: 美国一级毛片a | 久久精品国产免费一区 | 欧美三级真做在线观看 | 亚洲性xo| 久久久久在线观看 | 久久精品视频2 | 成人影院在线免费观看 | 综合 欧美 国产 视频二区 | 一级毛片视频在线 | 一区二区不卡视频在线观看 | 成人精品视频一区二区在线 | 男人天堂日韩 | 亚洲炮网 | 久久精品国产精品青草不卡 | 国产成人无精品久久久久国语 | 亚洲国产成人久久综合区 | 亚洲国产成人在线观看 | 久久精品国产精品亚洲综合 | 久夜色精品国产一区二区三区 | 成人看片黄a免费看视频 | 亚洲在线精品 | 国产三级毛片 | 男人天堂视频在线观看 | 国产免费高清福利拍拍拍 | 色拍拍噜噜噜aⅴ在线观看 色青青草原桃花久久综合 色婷婷91 | 国产99久9在线视频 国产99久久 | 久久观看视频 | 日韩精品中文字幕一区三区 | 欧美综合精品一区二区三区 | 99久久精品国产自免费 | 亚洲美女福利视频在线 | 在线视频一区二区日韩国产 | 免费 成年人 | 精品厕拍 | 国产激情视频在线播放 | 久久高清精品 | 中文字幕视频网站 | 九九热久久免费视频 | 欧洲亚洲一区二区三区 | 精品国产亚洲一区二区三区 | 在线一区免费视频播放 |