Changes in Hong Kong stocks | Property management stocks rise as domestic housing stocks rise, and the Guoxin Office will hold a real estate-related press conference. Agencies say property management risk factors are gradually being cleared

Zhitongcaijing · 10/16 02:17

The Zhitong Finance App learned that property management stocks rose along with domestic housing stocks. As of press release, Hejing Youhuo (03913) rose 7.5% to HK$0.43; Evergrande Properties (06666) rose 6.02% to HK$0.88; Country Garden Services (06098) rose 6.57% to HK$6; and Elegant Life Services (03319) rose 5.68% to HK$3.35.

According to the news, the Information Office of the State Council is scheduled to hold a press conference at 10 a.m. on October 17, 2024. Ni Hong, Minister of Housing, Urban-Rural Development, and heads of the Ministry of Finance, the Ministry of Natural Resources, the People's Bank of China, and the State Financial Supervision and Administration, will introduce the situation relating to promoting the steady and healthy development of the real estate market and answer questions from reporters.

The Everbright Securities Research Report points out that the Federal Reserve's interest rate cut cycle has begun, domestic real estate policies continue to be optimized, property management risk factors have gradually been clarified, and sector allocation values have been highlighted. The bank pointed out that it focuses on the decline in risk premiums brought about by the recovery in liquidity in the real estate industry and the gradual settlement of credit risk of private housing enterprises; long-term optimism about property management companies with strong independent development capabilities, high project quality, and strong operational capacity and profitability; and the steady development and low risk of state-owned enterprise property management companies leading to valuation premiums.