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Hong Kong stocks are moving unusually | Property management stocks are rising alongside Mainland Real Estate stocks, leading property management companies are continuously expanding their scale, and the Industry is evolving towards Business collaboration
Property management stocks rose along with Mainland Real Estate stocks. As of the time of writing, Wanwu Cloud (02602) increased by 7.21%, trading at 23.05 Hong Kong dollars; EVERG SERVICES (06666) rose by 6.76%, trading at 0.79 Hong Kong dollars; CHINA OVS PPT (02669) increased by 6.12%, trading at 5.03 Hong Kong dollars; CHINA RES MIXC (01209) rose by 5.38%, trading at 31.35 Hong Kong dollars.
According to CRIC: In January, the top 50 Property Service companies added contract area of approximately 78.08 million square meters, and the leading companies continue to expand their scale.
In terms of urban service projects, CHINA RES MIXC became the champion of contract amounts for urban service projects in January with a contract value of 83.95 million yuan.
[Brokerage Focus] CIB International expects the growth rate of new home sales in mainland China to decline by 11% this year, while the transaction amount of second-hand houses is expected to increase by 5%.
Goldengates Financial News | According to a research report from CMB International, the contract sales amount of the top 10 real estate companies in the mainland fell by 1.5% year-on-year in January, with a reduction in new supply. The firm expects the annual growth rate of new home sales to decline by 11% to 7 trillion yuan in 2025, while the transaction amount of second-hand homes is expected to increase by 5% to reach 7.5 trillion yuan, officially surpassing new homes to become the dominant market in the Industry. In terms of stock selection, the firm suggests focusing on symbols with strong business operation capabilities such as CHINA RES LAND (01109) and LONGFOR GROUP (00960), as development continues to shrink, and the Retail Trade business has better risk resilience. When signs of economic stabilization appear, the Retail Trade business performs better than development.
[Brokerage Focus] Open Source Securities gives CHINA RES MIXC (01209) an initial "Buy" rating, indicating its strong profitability.
Jingwu Financial News | According to a research report from Kymco Securities, CHINA RES MIXC (01209) has commercial operations mainly consisting of shopping centers and office buildings, with a managed commercial area of 11.85 million square meters, 82% of which is attributed to related parties; the managed area of office buildings is 15.23 million square meters, and the occupancy rate has decreased by 2.6 percentage points year-on-year to 77.1% due to the influence of new projects entering the market. In the first half of 2024, the commercial operations revenue reached 2.85 billion yuan, a year-on-year increase of 23.4%, with the revenue contribution from shopping centers and office buildings being 66% and 34% respectively; the gross margin reached 60.9%, an increase of 2.4 percentage points year-on-year. The bank stated that the company 201
Hong Kong stocks are moving differently | Property management stocks are rising along with Mainland Real Estate stocks. Several real estate companies have made new progress in their debt restructuring. Morgan Stanley expects the property management Indust
Property management stocks rose alongside Mainland Real Estate stocks. As of the time of publication, Wanwu Cloud (02602) increased by 7.3% to HKD 22.05; CG SERVICES (06098) rose by 6.71% to HKD 5.41; CHINA RES MIXC (01209) was up 4.28% to HKD 30.45; SUNAC SERVICES (01516) increased by 3.87% to HKD 1.61.
Sinolink Securities: The scale of the top 100 real estate companies is waiting to stabilize, with central state-owned enterprises dominating the market.
It is expected that the volume of commodity housing transactions will stabilize and gradually boost market confidence by 2025, reversing the downward expectations for housing prices.
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