Property management stocks followed domestic housing stocks higher in early trading. As of press release, Xuhui Yongsheng Services (01995) rose 17.89% to HK$1.45; Sunac Services (01516) rose 13.33% to HK$2.55; Hejing Youhuo (03913) rose 8% to HK$0.54; and Shimao Services (00873) rose 6.87% to HK$1.4.
The Zhitong Finance App learned that property management stocks followed domestic housing stocks in early trading. As of press release, Xuhui Yongsheng Services (01995) rose 17.89% to HK$1.45; Sunac Services (01516) rose 13.33% to HK$2.55; Hejing Youhuo (03913) rose 8% to HK$0.54; and Shimao Services (00873) rose 6.87% to HK$1.4.
In terms of news, recently, there has been constant news about housing enterprise financing. The central decision makers focused on “treating all housing enterprises equally to meet the reasonable financing needs of different housing enterprises”; three departments including the central bank held a symposium emphasizing support for real estate financing, etc. Analysts said that the financing environment for non-state housing enterprises may be further improved.
Everbright Securities pointed out that the previous period was affected by real estate credit risk, the risk premium for property management stocks rose, and sector valuations were clearly corrected. The state is focusing on stabilizing the real estate market through comprehensive policies on both the supply and demand sides, which will help improve industry operations and ease the pressure on cash flow. The guaranteed payment of receivables from property related parties has increased, and the impact of impairment of receivables on profits is expected to ease.