In today’s briefing:
- Buy Country Garden Services on China Property Sector Recovery
- Block Inc (formerly Square Inc): Continuing Bullish Approach Towards Crypto
Buy Country Garden Services on China Property Sector Recovery
- Chinese government outlined 16 steps to support the property industry on Nov 11
- The newly released measures clearly show that the government has reversed its attitude toward property industry, which may trigger the end of the downcycle.
- During the property sector rebound, Country Garden Services (CGS) can be a good investment. The company has a solid track record and shows attractive valuation.
Block Inc (formerly Square Inc): Continuing Bullish Approach Towards Crypto
- Block delivered a decent set of results with an all-around beat and good profitability during the last quarter.
- Its BNPL platform produced $150 million in gross profit in the third quarter, distributed between Square and Cash App.
- Inflows per active user have been improving in the third quarter compared to the first and second quarters and stable year over year.
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