Understanding the Market | Property management stocks rise with real estate stocks, the State Council Information Office will hold a real estate-related press conference, institutions say property management risks are gradually being cleared

Zhitong
2024.10.16 02:11
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Property management stocks rose with real estate stocks. As of the time of publication, KWG LIVING rose by 7.5% to HKD 0.43; EVERG SERVICES rose by 6.02% to HKD 0.88; CG SERVICES rose by 6.57% to HKD 6; A-LIVING rose by 5.68% to HKD 3.35. On the news front, the State Council Information Office is scheduled to hold a press conference at 10:00 am on October 17, 2024, where Minister of Housing and Urban-Rural Development Ni Hong, along with officials from the Ministry of Finance, Ministry of Natural Resources, People's Bank of China, and China Banking and Insurance Regulatory Commission, will introduce relevant information on promoting the stable and healthy development of the real estate market and answer questions from reporters. A research report from Everbright Securities pointed out that the Fed's interest rate cut cycle has begun, domestic real estate policies continue to be optimized, property management risks are gradually being cleared, and the value of sector allocation is highlighted. The report emphasized the importance of focusing on the rebound in liquidity in the real estate industry, the decrease in risk premium brought about by the gradual clearance of credit risks of private real estate enterprises; and expressed long-term optimism for property management companies with strong independent development capabilities, high project quality, strong operational and profit-making capabilities; and the valuation premium brought by the steady development and low risk of state-owned property management companies

According to the Wise Finance APP, property management stocks rose along with real estate stocks. As of the time of publication, KWG LIVING (03913) rose by 7.5% to HKD 0.43; EVERG SERVICES (06666) rose by 6.02% to HKD 0.88; CG SERVICES (06098) rose by 6.57% to HKD 6; A-LIVING (03319) rose by 5.68% to HKD 3.35.

On the news front, the State Council Information Office will hold a press conference at 10:00 am on October 17, 2024. Minister of Housing and Urban-Rural Development Ni Hong, along with officials from the Ministry of Finance, Ministry of Natural Resources, People's Bank of China, and China Banking and Insurance Regulatory Commission, will introduce the relevant situation of promoting the stable and healthy development of the real estate market and answer questions from reporters.

A research report from Everbright Securities pointed out that the Fed's interest rate cut cycle has begun, domestic real estate policies continue to be optimized, property management risk factors are gradually being cleared, and the value of sector allocation is highlighted. The report emphasized focusing on the rebound of liquidity in the real estate industry, the gradual clearance of credit risks of private real estate enterprises leading to a decrease in risk premium; long-term optimism about property management companies with strong independent development capabilities, high project quality, strong operational and profit capabilities; and the valuation premium brought by the steady development and low risk of state-owned property management companies

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