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[Brokerage Focus] China International Capital Corporation pointed out that the property management sector continues to consolidate, with improved valuation attractiveness.
Jingu Finance News | China International Capital Corporation stated that the property management sector is continuing to consolidate, with the attractiveness of valuations marginally increasing. Last week, key property companies fell by 7.4%, and underperformed related developers and the Hang Seng China Enterprises Index by 0.8 and 4.2 percentage points, respectively. On the individual stock side, the steady property companies' average cumulative decline over the past two weeks (-14%) was slightly lower than that of other private property companies (-19%). As the bank previously suggested, in the short term, real estate beta will still dominate the trend of the property management sector, and currently, investors are gradually switching from positive changes in trading policies to the effects of trading policies, and risk preferences have declined slightly, causing the property management sector’s valuations to adjust accordingly. The overall valuation of the sector at present is
Is Greentown Service Group (HKG:2869) Using Too Much Debt?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' When we thi
Bank Ratings | J.P. Morgan Chase: Companies concerned about defensive profitability and potential dividend growth in domestic housing stocks
According to a research report published by J.P. Morgan Chase, the Chinese authorities recently introduced another package of property market support measures. Although they believe that the effects of the policy may not be enough to trigger large-scale economic recovery in the short term, I believe this has shown the authorities' determination to support the real estate market more firmly and help reduce the downward pressure on the economy. According to the report, the People's Bank of China announced the establishment of a 300 billion yuan affordable housing reloan to support local state-owned enterprises to buy commercial housing that has already been built and not sold at a reasonable price for use as placement or rental affordable housing. It is expected to bring in 500 billion yuan of bank loans. The policy is surprising
CICC: Property management stocks suggest focusing on unchanged target prices for stocks covered by CNOOC Properties, Wanwuyun, etc.
CICC released a research report saying that under the current policy enforcement direction, the visibility of the physical market's volume and price stabilization and structural recovery has increased for a year or more. Although the stock price reaction may be ahead of the physical market recovery, it is expected to provide a layout window if phased profits are settled. Comprehensive enterprise fundamentals and financial and valuation indicators, CICC suggests focusing on CNOOC Property (02669), Wanwuyun (02602), Sunac Services (01516), Greentown Services (02869), Poly Industries (06049), and China Resources Vientiane Life (01209). It also recommends Dajian Jiancheng Management Holdings (0997)
Changes in Hong Kong stocks | Shimao Services (00873) rose more than 15%, leading property management stock Hangzhou Linan will acquire a state-owned enterprise real estate property management company with high quality stock housing, which is expected to
The Zhitong Finance App learned that property management stocks rose with domestic housing stocks in early trading. As of press release, Shimao Services (00873) rose 17.52% to HK$1.14; Greentown Services (02869) rose 16.95% to HK$4.83; Times Neighborhood (09928) rose 10.71% to HK$0.62; Wanwuyun (02602) rose 8.05% to HK$215.5; and Poly Industries (06049) rose 8.04% to HK$35.6. According to the news, Lin'an, Hangzhou is buying commercial housing for public rental housing. Many industry experts believe that although Hangzhou chose Africa and China
Mainland property management stock Pusheng Greentown Services (02869) rose 9.93%, CITIC Securities is optimistic about the real estate industry chain and the prospects of property service companies
Jinwu Financial News | Mainland property management stocks rose 10.71%, Greentown Services (03662) rose 10.71%, Greentown Services (02869) rose 9.93%, Shimao Services (00873) rose 7.22%, Wanwuyun (02602) rose 4.24%, and China Resources Vientiane Life (01209) rose 4.14%. CITIC Securities said that China's real estate may have five ways to absorb housing stock, namely 1) promoting the recovery of market transactions, 2) buying vacant commercial housing by state-owned platforms, 3) encouraging enterprises and institutions to buy stock housing in batches, 4) buying residents' stock housing in trade-in places, and 5) optimizing
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