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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.
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.
Hong Kong stocks abnormal | Property management stocks fell with mainland real estate, and the potential price and volume recovery of the real estate industry has improved its certainty. However, the implicit elasticity is limited.
As mainland real estate stocks decline, as of publication, Times Neighbor (09928) fell 6.78%, to HKD 0.55; Poly PPT SER (06049) fell 4.25%, to HKD 30.45; CG Services (06098) fell 3.82%, to HKD 5.03; MMCloud (02602) fell 3.36%, to HKD 23; and A-Living (03319) fell 3.28%, to HKD 2.95.
Don't Race Out To Buy Times Neighborhood Holdings Limited (HKG:9928) Just Because It's Going Ex-Dividend
TIMES NEIGHBOR: POLL RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 30 MAY 2024 AND PAYMENT OF FINAL DIVIDEND FOR THE YEAR ENDED 31 DECEMBER 2023
Changes in Hong Kong stocks | Shimao Services (00873) rose more than 15%, leading property management stock Hangzhou Linan will acquire a state-owned enterprise real estate property management company with high quality stock housing, which is expected to
The Zhitong Finance App learned that property management stocks rose with domestic housing stocks in early trading. As of press release, Shimao Services (00873) rose 17.52% to HK$1.14; Greentown Services (02869) rose 16.95% to HK$4.83; Times Neighborhood (09928) rose 10.71% to HK$0.62; Wanwuyun (02602) rose 8.05% to HK$215.5; and Poly Industries (06049) rose 8.04% to HK$35.6. According to the news, Lin'an, Hangzhou is buying commercial housing for public rental housing. Many industry experts believe that although Hangzhou chose Africa and China
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