Citigroup: The recent adjustment in Chinese real estate stocks has provided a window for adding positions.
Citibank analysts' research report indicates that the recent price pullback of Chinese real estate stocks provides investors with a good opportunity to increase their holdings. They pointed out that sales have shown signs of recovery in the first quarter, with both second-hand housing transactions and new housing sales in March exceeding expectations. Investors will closely monitor factors such as sales and land acquisition recovery in the top ten cities. Citibank's top stock picks in this sector include China Resources Land and Gemdale Services.
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