Property management stocks rose along with domestic housing stocks. As of press release, Ocean Services (06677) rose 10.42% to HK$0.53; Yongsheng Services (01995) rose 6.29% to HK$1.69; Country Garden Services (06098) rose 6.52% to HK$5.23; and Elegant Living Services (03319) rose 5.07% to HK$3.11.
The Zhitong Finance App learned that property management stocks rose along with domestic housing stocks. As of press release, Ocean Services (06677) rose 10.42% to HK$0.53; Yongsheng Services (01995) rose 6.29% to HK$1.69; Country Garden Services (06098) rose 6.52% to HK$5.23; and Elegant Life Services (03319) rose 5.07% to HK$3.11.
Societe Generale Securities pointed out that the real estate sector has rebounded sharply. Although there have been no major changes in the fundamentals of the industry, improvement policies are constantly being introduced in various regions, and valuations of high-quality state-owned real estate property management companies have been adjusted to attractive levels. While maintaining financial security and soundness, these companies have solid performance and generous dividends.
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.