Motong expects a meaningful revaluation of the property management industry in the fastest second quarter

Opinion Network News: On January 19, JPMorgan Chase issued a research report saying that in the past two months, the market continued to worry about the liquidity of developers, making the industry performance lag behind the Hang Seng Index by about 14%, investors are worried that the property management business will be regarded as a financing tool by the parent company, coupled with the weak investment sentiment of growing enterprises, so it is expected that the liquidity situation of developers will ease, and there will be a meaningful revaluation of the property management industry in the second quarter at the earliest.

The bank pointed out that although there may be a wave of profit and happiness in mainland property managers before the announcement of last year's results, the expectation that investor excitement will be short-lived, and the expectation of strong profit growth seems to have been reflected, but concerns still exist, so it has adopted a defensive strategy in stock selection in the short term, preferring Poly Property, China Overseas Property and China Resources Vientiane Life; due to market concerns about the liquidity of Agile Group, it downgraded Ya Life rating to "reduced holdings" and downgraded Powerlong Commercial to "neutral"; for Evergrande Property, Sunac Services and Shimao Services take a cautious view.

This article originated from the viewpoint real estate network