Glonghui, May 7 | Bank of America Securities released a report to give Yuexiu Real Estate a “buy” rating for the first time. The target price is HK$7.5. Since the mainland real estate industry policy is more favorable for developers to take inventory, the bank's view of the industry's prospects has become more positive. Therefore, the bank regards Yuexiu Real Estate as a high-beta investment within the bank so that investors can profit from it. According to the report, compared with other state-owned developers, the bank believes that the company's basic advantages include concentrating land reserves in the best cities and prime locations; the only developer targeting contract sales growth in 2024, and one of the few developers expected to achieve stable profits; and support from the parent company to enable it to acquire projects located in high-quality locations at a reasonable cost. The bank expects the company's contract sales to turn positive in June as soon as possible.