Property management stocks continued their recent gains. As of press release, Ya Life Services (03319) rose 6.06% to HK$2.8; Xincheng Yue Services (01755) rose 5.58% to HK$2.65; Poly Industries (06049) rose 5.39% to HK$28.35; and Yongsheng Services (01995) rose 4.89% to HK$1.5.
Zhitong Finance App learned that property management stocks continued their recent gains. As of press release, Ya Life Services (03319) rose 6.06% to HK$2.8; Xincheng Yue Services (01755) rose 5.58% to HK$2.65; Poly Industries (06049) rose 5.39% to HK$28.35; and Yongsheng Services (01995) rose 4.89% to HK$1.5.
Ping An Securities said that overall, the scale growth of mainstream real estate companies narrowed in 2023, but there was a marked improvement in quality. Considering broad industry space in the future, measures such as regional and project focus, and technological empowerment will help reduce costs and increase efficiency, and the operation and performance of mainstream real estate companies is expected to remain stable. Currently, the valuation of mainstream property companies is still at a historically low level. The superposition dividend ratio has increased, the dividend ratio is becoming more attractive, and the allocation value is gradually becoming prominent.
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.