Property management stocks picked up in early trading. As of press release, Poly Industries (06049) rose 4.19% to HK$27.35; Shimao Services (00873) rose 3.06% to HK$1.01; China Resources Vientiane Life (01209) rose 2.97% to HK$22.5; and Sunac Services (01516) rose 3.01% to HK$1.71.
The Zhitong Finance App learned that property management stocks picked up in early trading. As of press release, Poly Industries (06049) rose 4.19% to HK$27.35; Shimao Services (00873) rose 3.06% to HK$1.01; China Resources Vientiane Life (01209) rose 2.97% to HK$22.5; and Sunac Services (01516) rose 3.01% to HK$1.71.
According to the news, Societe Generale Securities pointed out that housing purchase policies in first-tier cities continue to loosen. With the implementation of more financial support policies, both the supply and demand sides are expected to receive reasonable financing support to ease liquidity pressure on housing enterprises, enhance buyers' confidence, and release demand for home purchases. State-owned real estate companies are financially secure, have smooth financing, continue to acquire land in core cities, and guarantee sales and performance.
Guojin Securities pointed out that in the context of continuous real estate adjustments 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 in terms of allocation. 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.