HK Stock Market Move | Today, the stocks of the interior of the house fell generally. Institutions say that the real estate cycle is entering a deep water area, and the performance of real estate companies in the third quarter will continue to be under pressure.

The Inner Market stocks fell today. As of the time of publication, SUNAC (01918) fell by 3.85% to 1.5 Hong Kong dollars; RONSHINECHINA (03301) fell by 3.31% to 0.175 Hong Kong dollars; SEAZEN (01030) fell by 2.19% to 2.23 Hong Kong dollars; GREENTOWN CHINA (03900) fell by 2.05% to 8.59 Hong Kong dollars. Huatai issued a research report stating that from a macro perspective, the current real estate cycle is entering a "deep water zone", and it is more optimistic about the recovery pace of core cities represented by first-tier cities. From a strategic perspective, the risk digestion in the real estate chain sector may have been relatively sufficient, and high-quality companies are expected to benefit from the double logic of improving performance expectations and advancing to the leading position. Shenwan Hongyuan Group predicts that the performance of real estate companies will continue to be under pressure in the third quarter, mainly due to the continuous decrease in sales after 2021 leading to a decrease in settlements; previous price reductions and promotions have pushed down current settlement affecting profit margins. However, considering the government's requirement for the real estate industry to "stop falling and stabilize" and companies' profit margins reaching bottom and impairment clearing, it is estimated that the sector's performance in 2025-2026 is expected to have a weak recovery in a bottom-shaking manner, and the performance differentiation among companies will further intensify.