Property management stocks continued their recent gains. As of press release, Evergrande Properties (06666) rose 19.23% to HK$0.62; Hejing Youhuo (03913) rose 8.33% to HK$0.52; Elegant Life Services (03319) rose 6.28% to HK$3.89; and Wanwuyun (02602) rose 4.29% to HK$20.4.
The Zhitong Finance App learned that property management stocks continued their recent gains. As of press release, Evergrande Property (06666) rose 19.23% to HK$0.62; Hejing Youhuo (03913) rose 8.33% to HK$0.52; Ya Life Services (03319) rose 6.28% to HK$3.89; and Wanwuyun (02602) rose 4.29% to HK$20.4.
According to the news, Societe Generale Securities previously pointed out that as Shenzhen joins the ranks of cities where purchase restrictions are relaxed, first-tier city housing purchase policies will continue to improve, and the subsequent implementation of more financial support policies will 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. We recommend high-quality real estate property management companies.
Bank of China International published a report stating that in the past year, it has been observed that the impact of adjustments in China's real estate market on the property management industry is more concentrated in the field of value-added services for developers. The bank believes that in an environment with lower inflation, the property management industry is more defensive, and it is expected that the companies covered by the bank will achieve positive operating cash flow. Considering that most companies have price-earnings ratios of single digits to the lowest double digits this year, the valuation is quite attractive, and the “gain” rating for the industry is reiterated.