0330 GMT - China's property sector has shown early signs of a stabilization path, Citi analysts write in a note. Citi turns less bearish on the sector from February, citing policy expectations for the March NPC meeting as well as stabilizing sales from 4Q and the first two months of this year. Moreover, recent measures reportedly being considered to help China Vanke are positive signs signaling likely explicit government support, they note. Recent policies are moving in the right direction, but it may take time to translate into results, Citi analysts add. Among Chinese property developers, Citi prefers Ke Holdings, C&D International Investment Group, Greentown China and China Resources Land. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
February 18, 2025 22:30 ET (03:30 GMT)
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