Jinwu Financial News | Property management stocks followed the overall pressure on the real estate sector. Landsea Green Life (01965) fell 10.53%, Wanwuyun (02602) fell 4.21%, Shimao Services (00873) fell 3.85%, New Hope Services (03658) fell 3.66%, Excellent Commercial Enterprise Services (06989) fell 3.33%, and Country Garden Services (06098) fell 3.29%.
CMB International said that the real estate and property management sector continued to fluctuate due to negative news related to developer debt repayment, and the bank believes the trend may be maintained in the second quarter.
According to the bank, policy-side first-tier cities continue to relax in small steps, and second- and third-tier cities continue to explore a new bailout model. The bank believes that sales in the second quarter may maintain a relatively steady recovery trend with the continued easing of the policy environment and supply-side boosting, and it may be difficult to reproduce the cliff-style month-on-month decline in the second quarter of last year.