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China Galaxy Securities: The stable operation advantages of central and state-owned enterprises in real estate are highlighted, helping to navigate through cycles.
With the gradual increase in support from top-down policies for the industry, the valuation of leading real estate companies is expected to rise.
China Merchants Property Operation & Service (001914): Revenue and profit increase, expansion of property management scale.
Event: The company released the third quarter report for 2024, achieving a revenue of 12.16 billion yuan in the first three quarters of 2024, a year-on-year increase of 12.01%; net income attributable to the parent company was 0.62 billion yuan, an increase of 4.19% year-on-year; basic earnings per share.
China Merchants Property Operation & Service (001914): Stable performance, improved expenses, buyback demonstrates confidence.
Investment Highlights: In Q1-Q3 of 2024, the net income attributable to the parent company increased by 4% year-on-year, meeting expectations. The expense ratio continues to improve, and the buyback demonstrates confidence. According to the company announcement, in Q1-Q3 of 2024, the company achieved revenue of 12.16 billion yuan, +12% year-on-year.
Investment balance: 2024 third quarter report
Express News | North University Construction Group and China Merchants Property Operation & Service jointly established North University Construction Property.
Express News | This week, more than 20 listed companies announced disclosures related to share repurchases, shareholdings increase, and refinancing. Western Mining Holding's shareholder increased holdings and obtained a loan quota of 0.7 billion yuan.
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