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Hong Kong stock Concept tracking | Property leading enterprises scale continues to expand, Institutions are Bullish on Property Service companies with significant safety margins (with Concept stocks)
According to the China Index Academy, in March, the TOP 50 companies added an area of approximately 52.03 million square meters in new contracts, with leading enterprises continuing to expand in scale.
CITIC SEC: Quality and price matching may become a direction encouraged by policy. The property Sector has significant upward elasticity in the future.
The bank suggests that investors pay attention to the policy turning point in the Property Service Sector.
Jinmao Property Services Co., Limited Just Missed Revenue By 5.6%: Here's What Analysts Think Will Happen Next
【Brokerage Focus】Zhongyin International maintains a "Buy" rating on JINMAO SERVICES (00816), indicating that the revitalization of the parent company brings re-evaluation opportunities.
JINMAO SERVICES (00816) is projected to have a 10% year-on-year growth in FY24 revenue and Net income, reaching 3 billion and 372 million respectively, according to a Research Report by CMB International. This is about 4.2% and 7% lower than the bank's expectations, mainly due to the poor performance of non-owner value-added services (non-owner VAS), with a year-on-year revenue decline of 36% impacted by reduced developer demand, while owner value-added services (owner VAS) saw a year-on-year revenue decline of 7% due to sluggish Consumer sentiment. The gross margin for non-owner VAS decreased by 12 percentage points, leading to a 4 percentage point drop in overall gross margin to 2.
JINMAO PROPERTY SERVICES(816.HK):EARNINGS HURT BY INDUSTRY CYCLE; PARENTCO'S REVIVAL OFFERS REVALUATION CHANCE; MAINTAIN BUY
Hong Kong Property: In March, the number of Residence registrations in Hong Kong is expected to reach 5,000 cases, setting a new four-month high.
As of the 24th of this month, Hong Kong's Residence properties (including first-hand private housing, second-hand private housing, and second-hand public housing) have recorded 3,974 registrations.