Far East Hotel Industry (00037) rose nearly 20%, up 19.44% at press time to HK$0.86, with a turnover of HK$5.75 million.
The Zhitong Finance app learned that Far East Hotel Industry (00037) rose nearly 20%, up 19.44% at press time to HK$0.86, with a turnover of HK$5.75 million.
CITIC Securities believes that in mid-2023, the weighted gross profit margin of the sample companies was 16.5%, an increase of 0.28 ppts compared to the same period last year, and remained highly stable. The semi-annual report once again proves that the profitability of property service companies has not declined over time. It is true that companies need to make efforts to strengthen their profitability, but the industry as a whole is sufficient to maintain a reasonable and reliable level of profitability. The aging of housing and the increase in the proportion of inventory expansion are not worth worrying about; technological empowerment and optimization of management processes are even more worth looking forward to. The bank recommends leading blue-chip property companies and small to medium-sized high-dividend property service companies.