Property management stocks declined today along with domestic housing stocks. As of press release, Evergrande Properties (06666) fell 4.49% to HK$0.425; Country Garden Services (06098) fell 4.3% to HK$5.57; Innovation Services (01516) fell 3.83% to HK$1.76; and Elegant Living Services (03319) fell 2.48% to HK$3.15.
The Zhitong Finance App learned that property management stocks fell along with domestic housing stocks today. As of press release, Evergrande Property (06666) fell 4.49% to HK$0.425; Country Garden Services (06098) fell 4.3% to HK$5.57; Sunac Services (01516) fell 3.83% to HK$1.76; and Elegant Life Services (03319) fell 2.48% to HK$3.15.
CMB International said it is cautiously optimistic about the real estate and property management sector, and sales recovery at the end of the year was weak. Developers' sales performance in December recovered slightly from November, but was still weaker than expected. The bank believes that the performance of new home sales in the first quarter may continue to be weak until the Spring Festival holiday.
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.
Dongwu Securities said that the real estate industry is undergoing major marginal changes. The target of short-term transactions of property companies is the target of restoration in anticipation of death, and the most flexible target is the company where the market has the greatest differences over whether major shareholders/related developers can survive. Performance is not the core factor affecting short-term trends.