Primer: China Resources Land (1109 HK) - Sep 2025
State-Owned Enterprise (SOE) Resilience: As a subsidiary of the state-owned conglomerate China Resources Group, the company benefits from...
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China Housing - A Mid-Year Check
In this note, we look at the latest May/June data, policy, and sentiment in China housing markets, with some reflections on where things are vs the...
421 Views
CR Land 1109 HK: Another SOE Play on China Prop – Dual Growth Engine from DP and IP Mall Business
Besides COLI, we like 1109 HK CR Land, as another SOE play in the China Prop space. CRL has a dual growth engine from resi-for-sale biz and rental...
727 Views
China Prop Short Note: Turning Bullish on “lower Rates for Longer” & Improving Sector Fundamentals
We turn bullish on China property, on the back of several structural tailwinds: rates lower for longer to improve mortgage rate and funding cost,...
550 Views
Takeaway from Two Sessions and Latest Update Re China Property – Monitor Leading Indicators
We provided an update after China's Two Sessions and government policy on China property. There are increasing signs of government's support, but...
366 Views