ZJHTC(SH:600895) Xin Lang Ji Jin·2025-07-25 06:29Core Viewpoint - The real estate sector is showing strong performance, with the CSI 800 Real Estate Index rising by 2.41% as of July 25, indicating a positive market sentiment and potential recovery in the industry [1]. Group 1: Market Performance - The CSI 800 Real Estate Index increased by 2.41%, reflecting a robust performance in the real estate sector [1]. - Notable stocks include Zhangjiang Hi-Tech, which hit the daily limit, Hainan Airport rising by 4.35%, and New Town Holdings increasing by 3.28% [1]. - The only ETF tracking the CSI 800 Real Estate Index, the Real Estate ETF (159707), saw its market price rise by 2.19%, with a trading volume of 79.3055 million yuan [1]. Group 2: Investment Insights - Guolian Minsheng Securities highlights that the real estate sector's valuation remains at historical lows, with ongoing policy support aimed at stabilizing the market [2]. - There are signs of recovery in the core city land market expected by mid-2025, with resilient demand for improved housing creating valuation recovery opportunities for leading real estate companies [2]. - It is recommended to focus on leading central and state-owned enterprises and high-quality real estate companies that have strong land acquisition capabilities and good product quality in core urban areas [2][3]. Group 3: ETF Characteristics - The Real Estate ETF (159707) tracks the CSI 800 Real Estate Index, which includes 13 leading real estate companies, demonstrating a significant concentration of top-tier firms [3]. - The top ten constituent stocks account for over 90% of the ETF's weight, indicating a high concentration of central and state-owned enterprises [3]. - In the context of industry consolidation, leading real estate companies may exhibit greater resilience and potential for growth [3].