JP Morgan expects that the performance of domestic property stocks will continue to be weak last year, with a preference for CHINA RES LAND and CHINA JINMAO
JP Morgan expects that the performance of Chinese real estate developers will decline by 29% last year, with profit margins under pressure. State-owned enterprises are expected to see a profit growth of 9%, while private enterprises will decline by 21%. Morgan Stanley's top picks are CHINA RES LAND and CHINA JINMAO. More companies are expected to report net losses in March, with core net profit and dividends declining. The profit margin of property management companies is expected to drop from 16.2% in the 2024 fiscal year to 15.6%
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