Investment summary:
Market review:
From February 7, 2022 to the closing on February 11, 2022, the Hang Seng property sector rose by 4.29%, the Hang Seng Index rose by 1.36%, and the Hang Seng property sector outperformed the Hang Seng Index by 2.93pct. From the perspective of sector ranking, it ranked fourth among the 13 sectors of Hang Seng comprehensive industry compared with other sectors. Select the top 40 stocks of a + H market value and make statistics. The top five stocks are: Shimao service, hejingyouhuo, Shenzhen Sdg Service Co.Ltd(300917) , country garden service and Baolong commerce. After the decline in share prices, the top five were Zhengrong service, rongwanjia, Jianfa property, Rongxin service and Dexin service group.
Fund tracking:
Shanghai (Shenzhen) stock connect
Among A-share property companies, only China Merchants Property Operation & Service Co.Ltd(001914) holds shares in the Shanghai (Shenzhen) stock connect. As of February 11, 2022, it holds 11.62 million shares, down 13.5% from last week, and the market value of its shares is 214 million yuan.
Hong Kong stock connect
Hong Kong stock China Hong Kong stock connect holds 19 shares in total. From February 7 to 11, 2022, the largest increase is excellent business services, with an increase of 24.86% this week. The biggest drop was China Resources Vientiane life, down 7.96%. The highest shareholding ratio is poly property, which is 63.3%. The largest number of shares held by Evergrande property is 755 million shares.
Important industry news:
Jinmao service heard by HKEx
Jinmao service has submitted the post hearing information set on the proposed spin off to the stock exchange. As of September 30, 2021, the contracted construction area of Jinmao service has reached 45.7 million square meters, covering 47 cities in 22 provinces, autonomous regions and municipalities directly under the central government, 67.8% of which are located in the first and second tier cities in China. The total construction area under management is 23.2 million square meters, including 96 residential projects and 41 non residential projects.
Beijing launched the pilot of “property service + elderly care service”, and Vanke, COSCO and shoukai were selected
The pilot period of “property service + elderly care service” is tentatively set as one year. When selecting the scope, focus on different types of areas such as densely populated old communities, new communities and street and lane properties in the six districts of the city, so as to explore various types of pilot modes of “property service + elderly care service”.
Shenzhen Sdg Service Co.Ltd(300917) the bid winning rookie network headquarters new park project has a total construction area of nearly 300000 square meters
On February 10, Shenzhen Sdg Service Co.Ltd(300917) successfully won the bid for the new park project of rookie network headquarters. After winning the first project of rookie network Xixi in August 2019, Shenzhen Sdg Service Co.Ltd(300917) won the integrated IFM service of rookie network headquarters again.
Important announcements of the company:
China Merchants Property Operation & Service Co.Ltd(001914) : Mr. Xie Shuiqing applied for resignation from the position of director, member of the strategy committee of the board of directors and executive deputy general manager of the company due to work arrangement. After his resignation, Mr. Xie Shuiqing will no longer hold any position in the company.
Evergrande property: Mr. Peng Liaoyuan was appointed as an independent non-executive director, and Mr. Chen Zhenhong resigned as an independent non-executive director of the company
Investment strategy and key recommendations: the material and enterprise sector rose slightly this week. Zhengrong service fell sharply this week under the influence of Zhengrong real estate. At present, the impact of development pressure on the property still exists. In the future, the industry concentration will increase, and the head property management company will continue to develop rapidly. Investors are advised to pay attention to leading companies such as country garden service, China Resources Vientiane life and Shenzhen Sdg Service Co.Ltd(300917) and other characteristic targets.
Risk warning: the risk that the market development is not as expected; Risk of insufficient collection of property fees; The epidemic situation is under control
