The Zhitong Finance App learned that property management stocks were higher in early trading with domestic housing stocks. As of press release, Poly Property (06049) rose 5.82% to HK$30; CNOOC Properties (02669) rose 5.2% to HK$5.66; Country Garden Services (06098) rose 4.69% to HK$5.8; Elegant Life Services (03319) rose 4.5% to HK$3.25; Sunac Services (01516) rose 4.22% to HK$1.73.
According to the news, on January 27, Guangzhou issued a notice proposing that from now on, the purchase of houses with a floor area of 120 square meters or more within the restricted purchase area will not be included in the scope of purchase restrictions. Fangzheng Securities said that Guangzhou may be a “testing ground” for first-tier city policies, and the drastic optimization of Guangzhou's purchase restriction policy this time may lead to a new wave of policy loosening in first-tier cities. In addition, Jinmao Service announced the acquisition of all shares of Runwu Jiaye at a total cash cost of 323.8 million yuan, starting the “first shot” of the year in mergers and acquisitions of real estate companies.
Guojin Securities released a research report saying that in the context of continuous real estate adjustment and differentiation, central enterprise property management companies will have an advantage in 2023. At the same time, policies support the development of the banking economy to release trillion dollars of market space and provide new business opportunities, so there is strong certainty that subsequent performance will continue to grow. Furthermore, as the State Assets Administration Commission requires an assessment of the market capitalization performance of central enterprises, central enterprise property management is expected to increase the dividend ratio, and the valuation level may be repaired. Currently, the stock price and valuation of central enterprise property management have fallen to the bottom range, so leading central enterprise property management companies are extremely cost-effective. The focus is on recommending property management of leading central enterprises whose performance can continue to grow and there is room for improvement in dividend payout rates.