Property management stocks rose today along with domestic housing stocks. As of press release, Hejing Youhuo (03913) rose 8.33% to HK$0.325; Yongsheng Services (01995) rose 5.97% to HK$1.42; Country Garden Services (06098) rose 5.16% to HK$4.69; Xincheng Yue Services (01755) rose 4.53% to HK$2.54; and Elegant Living Services (03319) rose 5.62% to HK$2.63.
The Zhitong Finance App learned that property management stocks were higher today along with domestic housing stocks. As of press release, Hejing Youhuo (03913) rose 8.33% to HK$0.325; Yongsheng Services (01995) rose 5.97% to HK$1.42; Country Garden Services (06098) rose 5.16% to HK$4.69; Xincheng Yue Services (01755) rose 4.53% to HK$2.54; Ya Life Services (03319) rose 5.62% to HK$2.63.
Dongwu Securities pointed out that it is difficult for property companies to completely cut off with real estate-related parties, and there is no need to cut. If real estate partners can support each other with property companies, they should not give too many discounts to related businesses; how to balance quality and scale to achieve high-quality third-party development is currently the biggest difficulty faced by all property companies; as the industry begins to return to a normal pace of development, the property business model should match a higher dividend rate, and increasing and maintaining a high dividend rate should be a normal decision for property companies to adapt to the new stage of industry and company development.
Goldman Sachs previously pointed out that the covered mainland property management stocks performed surprisingly last year because cash earnings improved compared to the bank's positive predictions, the share of recurring revenue continued to rise, and dividend payout rates increased. The bank believes that although the stock price of mainland property management stocks has rebounded by an average of 8% from a low level since the beginning of the year, the bank still has a constructive attitude towards the outlook for the property management industry this year, and believes that industry growth is on the right track. It is expected that the industry's valuation will rise further from the current low level to better meet its growth prospects.