Greentown China Holdings_Upgrade to Buy on high exposure to core cities
2025-03-16 14:52
ab 12 March 2025 Global Research Greentown China Holdings Upgrade to Buy on high exposure to core cities Regional SOE developers to outperform; upgrade to Buy We upgrade Greentown China to Buy on 1) better land bank vintage (newer), 2) high exposure to core cities, 3) active land acquisition. After four years of property downturns, there are growing signs of market stabilisation in tier-1 and core tier-2 cities. These include a recovery in existing property transactions in 2M25 with no policy easing, invent ...