Guangfa Securities: The pressure on half-year performance is released, optimistic about the subsequent resilience of the real estate sector.

Guangfa Securities research report indicates that the pressure on semi-annual performance has been released, and there is optimism about the follow-up elastic space of the real estate sector. September is an important window for decision-making on real estate sector configuration, and measures to stabilize market expectations from top to bottom have already begun brewing. The current market atmosphere has gradually formed, and the marginal policy changes will have a more significant impact on the subsequent sectors. Currently, sector valuations are at historical lows, and the pressure on semi-annual performance has been fully released, especially for companies with good top-tier operating performance.