cg services (06098) is fluctuating and strong, as of this publication, it has risen by 4.23%, to HKD 5.17, with a turnover of HKD 56.41 million.
On the news front, the China Index Research Institute's "2024 H1 China Real Estate Enterprise Delivery Scale Rankings" shows that in the first half of the year, 15 companies delivered more than 0.02 million sets of properties, while 8 companies delivered more than 0.05 million sets of properties, Country Garden delivered more than 0.15 million sets. According to the ranking statistics, the top ten real estate developers had a combined delivery of more than 0.676 million sets of properties.
Everbright Securities pointed out that the property industry is positioned as the "grassroots pillar of community governance", with a sound foundation, abundant cash flow, stable dividend growth, and factors that suppress the valuation of property management companies gradually being released due to increased support for real estate policies and the end of the Federal Reserve's interest rate hikes. In the medium to long term, property management companies have excellent business models that can smoothly navigate economic cycles. In the era of downward shift in growth centers, attention should be paid to investing in high-quality existing assets to obtain sustained and stable investment returns.
