While China's property development giants find their footing amid the ongoing real estate slump, analysts have sighted a different way to play the sector.
While China 's property development giants find their footing amid the ongoing real estate slump, several analysts have their sights on housing transaction and services platform KE Holdings . Listed in the U.S. under the ticker "BEKE," the company is known in Mandarin Chinese as Beike and operates the Lianjia platform popular with apartment renters in major Chinese cities. The stock also trades in Hong Kong. KE Holdings' U.S.-traded shares are up 38% in 2024.
"While the holiday data suggests some improvement in new home sales, we believe the recovery of China's property market will be prolonged, even with potential fiscal support," Richard Tang, China strategist and head of research Hong Kong, Julius Baer, said in an email. "As such, we recommend investors take advantage of market strength to reduce exposure to property and related stocks," Tang said. He did not name specific stocks.
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