Sales fell on a monthly basis, the brokerage is still optimistic about the callback

Market data show that the mainland housing prices in July fell sharply month on month, housing stocks rebounded yesterday by the opportunity, down about 5%. However, the investment community that fall back to expected, expected interim results and some companies raised sales targets, short-term continue to support the stock price.

Mainland Kerry real estate research released the latest domestic sales ranking, referring to the top 100 real estate companies in July sales fell 39% on a monthly basis. Zhou rose 1 percent of Xu Hui (00884), fell 4.9 percent yesterday to close at 4.23 yuan, turnover of 260 million yuan. Rongchuang (01918), Hengda (03333) and Country Garden (02007) fell 3.4% to 3.8%.

Morgan Stanley: June high base year is still strong growth

The broker continued to be optimistic, Morgan Stanley reported that the high base in June, and a second-tier cities in the credit continued to tighten sales slowed down to July sales decline, but still maintained a strong annual growth rate. The Macquarie report also showed a 47% year-on-year increase in sales of 15 major developers, up 32% yoy in July.

Macquarie refers to the traditional sales off-season in July, but Rongchuang, Country Garden and Xu Hui still outperformed the market, recorded 71% to 110% year-on-year increase, China Resources Land (01109) became a few recorded monthly growth One of the developers. The bank said that there are already eight developers to release interim earnings, and some developers are expected to raise their annual sales target, will have positive support to the industry.

Part of the domestic housing rose target for the year holdings

Housing prices have been raised targets, Xu Hui has increased sales target of 23% to 80 billion yuan, Macquarie is expected to Longhu (00960), financial and Country Garden will be raised. At the same time, the exhibitors’ sales in August were flat on a monthly basis, and the annual growth rate would slow another 5% to 10%. However, the first quarter of the active land supplement will provide developers with more available resources and offset sales decline influences.