0924 GMT - China's property market is likely to continue to recover in the near term, CCB International analysts say in a research note. The property sector has seen a strong recovery in October, due to earlier stimulus measures, the analysts say. Although some investors are skeptical about the sustainability of the recovery path, CCB thinks China has shown its determination for support. If property sales miss expectations in the following months, China is likely to roll out more stimulus measures, they add. CCB's most preferred stocks in the sector are China Overseas Land & Investment, Greentown China and Longfor Group. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
November 04, 2024 04:24 ET (09:24 GMT)
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