Understanding the Market | Property management stocks rise with domestic real estate stocks, still room for improvement in mortgage loan rates, etc. Property management risks are gradually being cleared

According to the Wise Finance app, property management stocks rose in the morning session along with real estate stocks. As of the time of publication, ONEWO (02602) rose by 10.59% to HKD 19.84; POLY PPT SER (06049) rose by 7.6% to HKD 27.6; CHINA RES MIXC (01209) rose by 6.88% to HKD 25.65; YASHILI SER (03319) rose by 6.31% to HKD 2.36; COUNTRY GARDEN SER (06098) rose by 5.11% to HKD 4.32.

On the news front, the National Bureau of Statistics previously released the basic situation of the national real estate market from January to August. Huatai Securities pointed out that the decline in development investment has narrowed, while the completion decline has significantly widened; the year-on-year sales decline has narrowed, but the month-on-month house price index decline has expanded. The continuous implementation of the "financing coordination mechanism" is expected to continue to alleviate the financing pressure of real estate enterprises. Under the call for "stabilizing the real estate market," the interest rate cuts and tightening policies are gradually being implemented in practice, which is expected to boost confidence in the real estate market, bottom out quickly, and provide valuation repair space for the sector.

In addition, CITIC Securities believes that there is still ample policy space, such as mortgage loan interest rates, provident fund loan quotas, personal income tax deduction for mortgage loan interest, housing inventory tightening, and household registration for home purchases, all of which have room for action. Everbright Securities previously stated that the expectation of a Fed rate cut is rising, domestic real estate policies are continuously improving, property management risks are gradually being cleared, and the sector's allocation value is becoming more prominent