共18页。

Large developers continue to
outperform
• Major cities witnessed m-o-m decline in daily average sales
volume in March with slight price correction
• Developers continued to outperform the market
• Buy strong players: Evergrande (3333 HK), Agile (3383
HK), COLI (688 HK), and CRL (1109 HK), in order of our
preference