0647 GMT - Only a handful of Chinese property stocks are worth holding given structural challenges in the country's housing market, OCBC analysts write in a note. Investors should take opportunity in any share-price rebound to switch indebted property developers to higher-quality names including Ke Holdings, China Resources Land and China Overseas Land & Investment, OCBC says. Investors who can bear higher risks could consider Longfor Group, the bank adds. There has been some improvement in sentiment and market transactions after China's recent property stimulus, but it remains to be seen if this momentum can be sustained, OCBC says. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
October 18, 2024 02:47 ET (06:47 GMT)
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