China Vanke and China Overseas Land and Investment are among the major developers reporting next week amid signs of recovery in the Chinese property sector.
A string of recent profit warnings could be a positive future signal, Bloomberg Intelligence (BI) said. “Steep write-offs could set these companies up for a better profit outlook in 2025, which could improve earnings profiles, lift equity valuations and aid potential equity financing, which in turn could boost liquidity.”
Still, the recovery in the housing market remains fragile, as new-home prices experienced a more rapid decline in February, marking the first deterioration in six months. Continued government support will be a key to sustain the recovery, analysts at CGS International estimate. More cities including Shenzhen and Changsha are easing policies to boost the property market.
