China's real estate sector underperformed the MSCI China Index so far this year, and despite the improvement in property sales, the confidence in the sustainability remained low, which has continued to weigh on homebuilders' stock prices, said J.P.Morgan in a research note.
While the fundamentals of the real estate sector have not deteriorated further this year, there is no significant catalyst in the second quarter, given the increasingly slim chance of substantial policy easing, it said.
As . . .
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