海外地产周报：布局地产板块正当时

Investment Rating - The industry investment rating is "Recommended" (maintained) [1] Core Viewpoints - The report emphasizes that the real estate sector is currently experiencing a favorable investment environment, supported by recent policy measures aimed at stabilizing the market [3][39] - The report highlights the strong performance of certain companies within the sector, with notable increases in stock prices for firms such as Jianfa International (+13.7%), Sunac China (+13.1%), and Vanke Enterprises (+11.0%) [8][11] - The report suggests a strategic allocation towards real estate and property management sectors, recommending companies like China Overseas Development, Greentown China, and Longfor Group [3][39] Market Overview - The report notes that the Hang Seng Real Estate Index increased by 3.5% this week, reflecting positive market sentiment [7] - The report indicates that the cumulative sales area in 30 major cities for 2025 is 8.47 million square meters, a decrease of 14.5% year-on-year, primarily due to the timing of the Spring Festival [32] Company Performance - The report lists the top-performing companies in the real estate sector for the week, including Jianfa International, Sunac China, and Vanke Enterprises, with respective weekly increases of 13.7%, 13.1%, and 11.0% [8][11] - The report also highlights the performance of property management companies, with Beike leading at +17.8%, followed by Jinke Service (+6.4%) and Yongsheng Service (+6.0%) [11] Stock Holdings and Short Selling - The report details the changes in Hong Kong Stock Connect holdings, noting increases for companies such as Greentown China and China Jinmao [13][16] - It also provides insights into short selling activities, with Jianfa International, Beike, and China Overseas Development having the highest short selling ratios [19][23]