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港股异动 | 物管股早盘普涨 部分物管企业展现韧性 汇丰称行业估值已大致反映拨备及增长预期

Hong Kong stocks fluctuate | Property management stocks rise in early trading, some property management companies show resilience, HSBC said industry valuation has roughly reflected provisions and growth expectations.

Zhitong Finance ·  Aug 29 23:24

Property management stocks rose across the board in the morning session. As of the time of writing, xinyuan pm (01895) rose by 21.28% to 0.57 Hong Kong dollars; eternal east services (01995) rose by 11.04% to 1.71 Hong Kong dollars; china res mixc (01209) rose by 5.04% to 25 Hong Kong dollars; cg services (06098) rose by 3.62% to 4.29 Hong Kong dollars; and wanwu cloud (02602) rose by 3.32% to 16.8 Hong Kong dollars.

According to the Zhixun Finance APP, property management stocks rose across the board in the morning session. As of the time of writing, xinyuan pm (01895) rose by 21.28% to 0.57 Hong Kong dollars; eternal east services (01995) rose by 11.04% to 1.71 Hong Kong dollars; china res mixc (01209) rose by 5.04% to 25 Hong Kong dollars; cg services (06098) rose by 3.62% to 4.29 Hong Kong dollars; and wanwu cloud (02602) rose by 3.32% to 16.8 Hong Kong dollars.

HSBC released a research report stating that due to the sluggishness of the Chinese real estate market, the property management industry has also been less popular in recent years. However, the latest performance shows that some companies have shown resilience in difficult market conditions and are committed to increasing shareholder returns. Compared to real estate developers, HSBC Research is more bullish on property management companies, believing that since 2021 the valuation of the property management industry has been reduced, largely reflecting substantial provisions and growth expectations.

Tianfeng Securities released a research report stating that the growth path of leading state-owned enterprises' affiliated property management companies is clear, and their future scale is expected to maintain a good growth rate. However, some property enterprises have seen a decline in incremental growth due to the drag of affiliated parties and their independence being passively improved. Their development strategy has shifted towards improving long-term operational efficiency and exploring differentiated development paths. The bank believes that if the market stabilizes in 2024 or if the sales performance of affiliated parties exceeds expectations, such undervalued property enterprises may have greater valuation elastic space.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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