Zheng Quan Shi Bao Wang·2025-11-06 00:05Core Viewpoint - The report from Huatai Securities indicates that as of October 31, the real estate sector's holdings data up to the end of Q3 2025 has been released, showing a steady increase in the Shenwan Real Estate Index and a rise in the market value of public fund holdings in real estate stocks, although the holding ratio continues to decline [1] Group 1: Market Trends - The Shenwan Real Estate Index has shown a steady increase in Q3 [1] - The market value of public funds' holdings in real estate stocks has risen [1] - Both the holding ratio of public funds and the proportion of northbound capital in real estate have decreased, indicating further clearing of chips [1] Group 2: Investment Recommendations - The market is still in a bottoming and stabilizing phase, with a positive outlook on the recovery pace of core cities represented by first-tier cities [1] - The report continues to recommend "three good" real estate stocks characterized by "good credit, good cities, and good products" [1] - There is also a focus on head property management companies that demonstrate stable dividends and performance [1]