Property management stocks picked up today. As of press release, Hejing Youhuo (03913) rose 5.38% to HK$0.49; Xincheng Yue Services (01755) rose 4.41% to HK$3.08; Elegant Life Services (03319) rose 4.34% to HK$4.09; and Country Garden Services (06098) rose 3.57% to HK$6.09.
The Zhitong Finance App learned that property management stocks picked up today. As of press release, Hejing Youhuo (03913) rose 5.38% to HK$0.49; Xincheng Yue Service (01755) rose 4.41% to HK$3.08; Elegant Life Services (03319) rose 4.34% to HK$4.09; and Country Garden Services (06098) rose 3.57% to HK$6.09.
Everbright Securities released a research report saying that the central government has set a “equal treatment” for real estate financing, the use of operational property loans has been expanded, and the “white list” for real estate project financing has gradually been implemented. From the supply side, financial support for real estate continues to gain strength, and there is no choice but to borrow; the financing side of housing enterprises has increased, and the guarantee of payment of receivables from property related parties has improved; the property industry positions itself as a “grassroots pillar of community governance”, and strong policy support; property fundamentals are stable, risk factors have been mitigated, and opportunities for allocation at the bottom of the sector have been seized.
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.