No Data
No Data
The property management stock is trending upward and China OVS PPT (02669) has increased by 5.13%. In July, the top 50 property enterprises added a total of approximately 96.16 million square meters of contracted area.
Jingu Finance News | The stocks of property management companies are trending upward, with China OVS PPT (02669) up by 5.13%, China RES MIXC (01209) up by 3.26%, Everg Services (06666) up by 3.23%, Shimao Services (00873) up by 2.78%, Poly PPT Ser (06049) up by 2.42%, and CG Services (06098) up by 2.84%. According to a research report released by China Index Academy, the total contracted area of the top 50 property service enterprises in July 2024 is approximately 96.16 million square meters, with an average contracted area of 1.92 million square meters. Among them, Country Garden Life is included.
Zhongzhi Property Research: In July, the TOP 50 property service enterprises added a total contracted area of about 96.16 million square meters.
Top 50 Chinese property service companies with newly added contract area in July 2024.
Hong Kong stock concept tracking | Real estate collection and storage scope will gradually expand and strive, policy support to continue to promote destocking (with concept stocks)
Puyin International pointed out that the focus of real estate policy is still on helping real estate companies digest inventory.
China Res Mixc (01209) fell 4.26% in the afternoon of the Hong Kong Stock Connect. Institutions pointed out that the industry heat decreased by month-on-month in July.
Jingu Finance | China res mixc (01209) widened its decline in the afternoon, falling 4.26% by press time to HKD 21.35, with a turnover of HKD 0.197 billion. According to China Index Academy data, in the first 25 days before July 2024, the land transfer fees of commercial and residential properties in 300 Chinese cities dropped by 45.2% YoY. As of July 25, the cumulative land transfer fees in 2024 dropped by 41.1% YoY, and the heat of land transactions remained low throughout the year. GF Sec pointed out that compared to mid-June, there has been a varying degree of decline in visits and subscriptions of second-hand homes by agents in early July, which may have a certain impact on the signing performance of the market in the future, and the market stability is still
As a whole, the property management stocks are under pressure. Songdu Service (09608) fell by 10.81%. Morgan Stanley expects reduced management fees to put pressure on the profitability of property management stocks.
Kinwai Financial News | Property management stocks are under pressure as a whole. Songdu Services (09608) fell 10.81%, Powerlong Commercial (09909) fell 4.91%, Times Neighborhood (09928) fell 4.26%, Binjiang Services (03316) fell 2.95%, KWG Living (03913) fell 2.67%, and China RES Mixc (01209) fell 2.43%. JPMorgan published a research report stating that since June, Chongqing has seen many community owners requesting a reduction in management fees, with a rising trend. Currently, most requests have not been successful, and no similar requests have been seen in other regions of the mainland.
CICC maintains China Res Mixc (01209) with a "outperform" rating and a target price of HK$35.
Zhongjin predicts steady growth in the shopping center sector, mainly due to contributions from new project openings and relative resilience of same-store sales.
No Data
102877280 : opposite OMG