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CHINA RES BEER (00291.HK) has signed a property management and commercial Operation service agreement with CHINA RES MIXC.
On December 12, Gelonghui reported that CHINA RES BEER (00291.HK) announced that on December 12, 2024, the company signed a framework agreement for property management and commercial operation services with CHINA RES MIXC. According to this agreement, CHINA RES MIXC Group will provide property management services and other commercial operation services to the group from January 1, 2025, to December 31, 2027 (including both start and end dates).
Most property management stocks are performing well. KAISA PROSPER (02168) rose by 12.26%. Institutions indicate that property management will be long-term beneficiaries in the existing market.
Jin Wu Finance | Most property management stocks are performing well, KAISA PROSPER (02168) rose by 12.26%, S-ENJOY SERVICE (01755) rose by 5.15%, CHINA RES MIXC (01209) rose by 4.07%, CG SERVICES (06098) rose by 3.28%, Wan Wu Yun (02602) rose by 3.09%, A-LIVING (03319) rose by 3.02%. Recently, the Research Reports from China Merchants International pointed out that, looking back at 2024, the main real estate stocks that outperformed the Industry are mainly "dilemma reversal" symbol and "performance bottoming and rebounding" symbol, while the property stocks are mainly those with "outstanding expansion capabilities" and "parent company.
[Brokerage Focus] CCB International indicates that there are no signs of a bottoming out in the fundamentals of the Real Estate Industry.
Kingwo Financial News | CMB International released the Real Estate Outlook for 2025, expecting the annual sales growth rates for new homes in 2024 and 2025 to be -20% and -11%, reaching 7.4 and 7 trillion respectively, while the transaction volume for second-hand homes is projected to reach 7.1 and 7.5 trillion, officially becoming the dominant force in the real estate market. This is mainly based on 1) Policy: The effects of the already implemented policies are still lingering, and several measures are currently being put into action, which require time for observation. Hence, it is speculated that the likelihood of introducing major policies in the short term (such as lifting purchase restrictions in more first-tier cities) is relatively low. At the same time, the promotion of policies like stockpiling still faces challenges, making it difficult to significantly reduce inventory in 2025; 2) Supply.
Major bank ratings | JPMorgan: The preferred Mainland Real Estate stocks are CHINA RES LAND, CHINA RES MIXC, and POLY PPT SER, all rated "Shareholding."
JPMorgan released a Research Report indicating that the Central Political Bureau meeting once again emphasized the need to stabilize the development of the property market. The more proactive macroeconomic policy tone is encouraging, including a clear implementation of a more active fiscal policy and moderately relaxed MMF policy, which is expected to support the development of the Real Estate market. The bank's top picks in the property sector are CHINA RES LAND, CHINA RES MIXC, and POLY PPT SER, all rated as Shareholding with respective Target Prices of 30 Hong Kong dollars, 31 Hong Kong dollars, and 35 Hong Kong dollars. The bank emphasized that it will pay attention to the upcoming Central Economic Work Conference, which is expected to present more similar policy narratives and a shift in policy tone regarding the Real Estate industry.
Everbright: Maintain a "buy" rating for China Res Land, sales rise to third in the industry.
Everbright Securities released a research report stating that it maintains a "buy" rating for China Res Land (01109). Considering factors such as a significant year-on-year decline in sales from January to November 2024, the company's forecasted core EPS for 2024-2026 has been adjusted to 3.64/3.72/3.88 yuan (original forecast was 3.94/4.09/4.47 yuan). According to CR data, China Res Land achieved a total sales figure of 229.1 billion yuan from January to November, and an equity-based sales figure of 158.2 billion yuan. The company's operation is stable, core land reserves are substantial, and asset management business is developing steadily. The main points from Everbright Securities are as follows: sales year-on-year have turned positive consecutively.
If EPS Growth Is Important To You, China Resources Mixc Lifestyle Services (HKG:1209) Presents An Opportunity
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