The Zhitong Finance App learned that property management stocks generally declined today. As of press release, Wanwuyun (02602) fell 4.22% to HK$20.45; Life Services (03319) fell 3.8% to HK$3.29; Country Garden Services (06098) fell 2.77% to HK$5.97; and Sunac Services (01516) fell 1.6% to HK$1.84.
According to the CITIC Securities Research Report, the property service industry is at the intersection of consumer services, utilities, and real estate chains, and real estate chain attributes are gradually declining, and consumer service attributes are improving. In the medium term, the property services industry has the potential for high dividends, and companies only need to focus on raising the level of dividends.
Guoyuan International said that although the property management sector is currently at a historically low level, the property management industry has both growth and inventory, and the long-term growth logic has not changed. As macroeconomic policies improve the regulation and control of the general environment such as real estate, the property management industry has a certain allocation value. The bank believes that in 2024, state-owned property enterprises will still have a higher margin of safety compared to private enterprises under fluctuating market conditions.