Ge Long Hui·2025-11-06 00:34Core 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 shows a steady increase in the Shenwan Real Estate Index, with public funds' market value in real estate stocks rising, although the holding ratio continues to decline, indicating further clearing of chips [1] Group 1: Market Trends - The Shenwan Real Estate Index has shown a steady increase in Q3 [1] - Public funds' market value in real estate stocks has risen, but the holding ratio is on a downward trend [1] - Northbound capital's holding ratio in real estate has also decreased [1] Group 2: Investment Recommendations - The market is still in a bottoming and stabilizing phase [1] - There is a positive outlook for the recovery pace in core cities, particularly 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, as well as leading property management companies with stable dividends and performance [1]