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.
Binjiang Service Group Acquires Car Parking Spaces, Increases Annual Cap for Catering Services
Binjiang Ser signed a framework agreement with Binjiang Property.
Binjiang Ser (03316) announced that on July 16, 2024, the company signed a framework agreement with Binjiang Property. With the agreement of both parties to the transaction, the group can trade with Binjiang Property Group at any time to obtain the right to use the parking spaces (including occupation and transfer rights) developed and owned by Binjiang Property Group and managed by the group for the purpose of resale. The term of the framework agreement is from July 17, 2024 to December 31, 2024 (including the first and last days). The parking spaces are located/will be located in projects developed, owned and managed by Binjiang Property Group. After the project is completed, Binjiang Property
Hangzhou Binjiang Real Estate Group (002244.SZ) signed a parking space framework agreement with its affiliate, Binjiang Ser Group.
On July 16th, Gelonhui announced that due to operational needs, the company signed a parking space framework agreement with its affiliated company, Binjiang Service Group Co., Ltd. on July 16, 2024. It is expected that between July 17, 2024, and December 31, 2024, the company's subsidiaries and Binjiang Service Group Co., Ltd. and its subsidiaries (referred to as "Binjiang Service") will have a related party transaction to transfer parking space usage rights. The transfer amount will not exceed 0.15 billion yuan.
Binjiang Ser (03316.HK) has signed a framework agreement with Binjiang Property.
On July 16th, GeLongHui announced that on July 16th, 2024, the company and BinJiang Property signed a framework agreement. With the consent of both parties, the Group can trade with BinJiang Property Group at any time to obtain the right to use parking spaces (including occupancy and transfer rights) developed and owned by BinJiang Property Group and managed by the Group for reselling purposes. The term of the framework agreement is from July 17th, 2024 to December 31st, 2024.
[Brokerage Focus] China's real estate sector may face downward pressure from July to August, according to CMB International.
Jin Wu News | CMB International stated that Guangzhou has further relaxed regulations allowing foreigners to purchase homes; The land auction market has become hot after canceling the price limit in high-energy-level cities, while low-energy-level cities are relatively weak, indicating that the market-oriented bidding mechanism will accelerate the balance of supply and demand. High-frequency data shows that the sales of new homes have fallen slightly since the peak in late June, while second-hand homes remain strong. From early July to now, the daily average transactions of new homes/second-hand homes have decreased by 21%/increased by 11% respectively compared to the daily averages in June. In terms of transaction observation in first-tier cities, the weekly transaction volume of new and second-hand homes in the 27th week has declined compared with the previous week. Compared with the weekly average transaction volume in the year, Shenzhen and Guangzhou have performed relatively stable.
[Brokerage Focus] Zhongyin International is optimistic about the real estate and property management sectors, pointing out that the stock prices in the sectors will maintain a repairing trend in the medium to long term.
Jingu Financial News | Zhongyin International said it is optimistic about the real estate and property management sectors. The bank sees Beijing lowering the down payment ratio by 10-15 percentage points and lowering the housing loan interest rate by 30-55 basis points. Consistent with the bank's previous expectations, the minimum down payment ratio and housing loan interest rate restrictions in Beijing have been lowered to the same level as Shanghai and Shenzhen. As for the purchase restriction policy, according to the bank's policy relaxation timetable, there is still some room for Beijing, Shenzhen and Shanghai. As of June 26th, looking at the average daily transaction area before and after the 517 new policy, the new house market in 30 cities and the second-hand house market in 17 cities have both increased by 25%, which may be stimulated by the new policy, and the concentration of the end of the half year on the internet.
[Brokerage Focus] Open Source Securities has given Binjiang Ser (03316) a 'buy' rating for the first time. The company's value-added business has helped its performance soar.
Jinwu Financial News | Open Source Securities released a research report indicating that Binjiang Ser (03316) is rooted in Hangzhou and radiates across the country. Its property services are positioned as high-end and it leads the industry in managed area growth rate, property management fee level, and profitability. As the company's core business, property management contributes more than 50% of the company's revenue. By 2023, the company is expected to achieve property management revenue of 1.55 billion yuan, a year-on-year increase of 29.9%. In terms of managed area, the company continues to deepen its presence in Hangzhou and expand into the Yangtze River Delta region. By the end of 2023, the company will have a managed area of 54.8 million square meters, a year-on-year increase of 30.7%, of which residences account for 82% and the Hangzhou region accounts for 6%.
Some Investors May Be Worried About Binjiang Service Group's (HKG:3316) Returns On Capital
BINJIANG SER: POLL RESULTS OF ANNUAL GENERAL MEETINGHELD ON JUNE 7, 2024
[Broker Focus] CMB International believes that Beijing still has room to relax in terms of purchase restrictions and down payment ratios
Jinwu Financial News | CMB International said that Shanghai, Guangzhou and Shenzhen have promoted policy relaxation in terms of purchase restrictions and loans. By analyzing the relaxation schedules and details of the four cities, the bank believes that Beijing still has room to relax in terms of purchase restrictions and down payment ratios. The bank believes that 1) from a sales perspective, the policy may marginally boost sales, because it does release some potential purchasing power, and 2) from an emotional point of view, the pace of policy introduction may make more first-tier or low-energy buyers think that the market is close to the bottom, thereby speeding up the process of entering the market. Since mid-May, the new and second-hand housing markets in Chengdu and Hangzhou
Is Binjiang Service Group Co. Ltd.'s (HKG:3316) Latest Stock Performance A Reflection Of Its Financial Health?
[Broker Focus] CMB International's real estate sector valuation may continue to maintain the current recovery trend
Jinwu Financial News | CMB International is cautiously optimistic about real estate and property management. It is expected that a positive policy tone and active trading sentiment will drive the restoration of fundamentals. The bank believes that real estate sector valuation may continue to maintain the current recovery trend, mainly due to 1) the positive shift in top-level policy attitudes has brought some confidence to the market; 2) in the current context, many important negative factors may have been absorbed by the market; 3) most long-term capital allocations to real estate are extremely low, increasing the possibility of sector allocation in the context of low sector valuations, changes in top-level policy attitudes, and important negative factors that have been priced-in
Binjiang Service Group Co. Ltd. (HKG:3316) Adds HK$431m in Market Cap and Insiders Have a 72% Stake in That Gain
BINJIANG SER: NOTICE OF ANNUAL GENERAL MEETING
BINJIANG SER: Annual Report 2023
Performance is polarized, is your residential property OK?
High-quality property companies that have returned to the cash cow logic at this stage may be able to regain the favor of fundamental investors through steady management and high dividends; for investors with higher risk appetite, those property companies that continue to make progress in expanding and cultivating value-added businesses with third parties may also have a high value of attention.
Dongwu Securities: Three important questions to consider when investing in property stocks at this stage
The Zhitong Finance App learned that Dongwu Securities released a research report saying that as the industry begins to return to a normal pace of development, the property business model should match a higher dividend rate, and increasing and maintaining a higher dividend rate should be a normal decision for property companies to adapt to the new stage of industry and company development. Looking at the current situation, considering the relationships with real estate related parties, the comprehensive strength of third parties to expand, and the ability and willingness to continue to pay high dividends, central and state-owned real estate enterprises have relatively higher investment value, but the investment value of individual outstanding private property enterprises should not be ignored. Based on analytical logic, recommendations: Poly Industries (06049), China Resources Wan
Binjiang Service's Profit Jumps 20% in 2023
BINJIANG SER To Go Ex-Dividend On June 12th, 2024 With 1.178 HKD Dividend Per Share And 0.196 HKD Special Dividend Per Share
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