CITIC Securities: Bullish on the medium to long-term allocation opportunities in the real estate sector.

Zhongtai Securities research report states that the sales of existing homes will have a long-term impact on the development of the real estate industry and the operating models of real estate companies. It is necessary to continue monitoring the implementation at the local level and the specific supporting policies. They remain optimistic about the medium to long-term allocation opportunities in the real estate sector, and recommend focusing on real estate companies that are well positioned in first and second-tier cities, have stable fundamentals, and high safety margins. In terms of Hong Kong stocks, attention can be paid to leading companies with valuation advantages and resilience.