Property management stocks declined today along with domestic housing stocks. As of press release, Evergrande Properties (06666) fell 7.35% to HK$0.63; Country Garden Services (06098) fell 6.2% to HK$5.9; Sunac Services (01516) fell 5.31% to HK$1.96; and Times Neighborhood (09928) fell 4.81% to HK$0.495.
The Zhitong Finance App learned that property management stocks fell along with domestic housing stocks today. As of press release, Evergrande Property (06666) fell 7.35% to HK$0.63; Country Garden Services (06098) fell 6.2% to HK$5.9; Sunac Services (01516) fell 5.31% to HK$1.96; and Times Neighborhood (09928) fell 4.81% to HK$0.495.
According to the news, another housing enterprise has received an application for liquidation, which has attracted market attention. According to reports, liquidation petitions are not uncommon for Hong Kong stocks. According to incomplete statistics, since the fourth quarter of 2021, dozens of domestic housing stocks have received liquidation petitions, but most of them have not entered into actual liquidation; they are more a means of pressure from creditors.
Guolian Securities previously pointed out that commercial housing sales declined in 2023 compared to 2022, investment amounts remained low, housing companies' confidence was insufficient, residents' wait-and-see sentiment about housing consumption was strong, and capital in the real estate industry was still under pressure.
Everbright Securities recently pointed out that the 2023H1 key property companies' net profit growth rate bottomed out and the impact on real estate-related business weakened. At the same time, the growth rate of trade receivables was controlled, provision for impairment was sufficient, basic property management grew steadily, community value-added business resumed, and property companies gradually lost their “real estate attributes” and increased their “service consumption” attributes.