As of the midday break on August 28, the real estate sector led gains in both markets with a rise of 1.68 percent, with stocks such as HKR International, 5i5j Holding Group, and Shenzhen Properties & Resources Development hitting their daily limit up. The real estate services sector led the entire market with a gain of 4.24 percent. Several experts believe this sector strength is the result of a resonance of policy, earnings, and sentiment. 5i5j Holding Group's semi-annual report shows main business revenue of 4.7 billion yuan, down 16.9 percent year on year, but net profit attributable to the parent company was 80.79 million yuan, up 110.4 percent year on year, presenting a pattern of declining revenue but increasing profit. On the policy front, Beijing, Shanghai, and other places have intensively introduced new measures before the traditional peak season of September and October, such as optimizing housing provident fund policies and encouraging trade-ins. Looking ahead, experts generally believe the sector's rise is driven more by policy expectations and lacks a foundation for sustained gains, advising investors to remain cautious and wait and see.
5I5j Holding Group Co LtdSemi-annual report shows net profit up 110.4% despite revenue decline, contributing to sector rally.
Shenzhen Properties & Resources Development Group LtdStock hit daily limit up as real estate sector led gains, driven by policy expectations and sector momentum.
Shenzhen Heungkong Holding Co Ltd