UBS analysts, who once had a rare "sell" rating on China Evergrande, turned to the Chinese property market

On April 26th, foreign giants suddenly sang long on China's real estate market, which attracted attention. John LamJ, head of Greater China real estate research at UBS, said in a recent interview: "After three years of bearish, for the first time we are more optimistic about China's real estate industry due to government assistance." He predicted that domestic housing demand and supply will return to historical averages sometime next year, and the stocks of China's large real estate developers may rebound. It is worth mentioning that John Lam gave a rare "sell" rating to China Evergrande Group in early 2021, and lowered the target price from HK $14.5 to HK $6. He was the only analyst to give Evergrande a sell rating, which shocked the market. John Lam believes that after a correction, China's real estate industry is preparing for a slow recovery.