Reported 7 months ago
Following the dissipation of negative impacts from recent housing market measures, construction stocks like Aishanlin, Huagu, and Dajiang surged over 5% on June 14th. The Central Bank maintained interest rates and implemented two housing market control measures, leading to limited market impact. Construction stocks relaxed as a result, with Aishanlin (2540), Huagu (2548), and Dajiang (1453) rising over 5% on the 14th, attracting significant buying interest. Despite the limited impact of the credit control measures, it was noted that key construction stocks rebounded, though there may still be pressure on building material and construction sectors. It was suggested to adopt a strategy of buying on pullbacks to reduce risks from chasing after recent gains in the construction sector.
Source: YAHOO