Market review:
From December 6, 2021 to December 10, 2021, the Hang Seng property sector rose by 4.36%, the Hang Seng Index fell by 0.96%, and the Hang Seng property sector outperformed the Hang Seng Index by 3.4pct. Compared with other sectors, the Hang Seng property sector ranked first among the 13 sectors of the Hang Seng comprehensive industry.
The top five stock price increases are: Country Garden service, China Merchants Property Operation & Service Co.Ltd(001914) , poly property, Xuhui Yongsheng service and excellent business enterprise service.
The top five stocks that fell were Hejing Youhuo, Shimao service, Caisheng, Aoyuan health and Evergrande property. Fund tracking:
Shanghai (Shenzhen) stock connect
Only China Merchants Property Operation & Service Co.Ltd(001914) of A-share property companies hold shares in Shanghai (Shenzhen) stock connect. As of December 10, 2021, they hold 13.09 million shares, an increase of 4.9% over last week, and the market value of their shares is 217 million yuan. Hong Kong stock connect
There are 19 Hong Kong stocks held by China Hong Kong stock connect. Country garden service has the largest increase this week, with an increase of 8.44% this week. The biggest drop was Shimao service, down 26.49%. The highest shareholding ratio is poly property, which is 56.7%. The largest number of shares held by Evergrande property is 612 million shares.
Important industry news:
Real estate industry: comprehensive RRR easing policy
On December 6, the people’s Bank of China announced that it would reduce the deposit reserve ratio of financial institutions by 0.5 percentage points from December 15, releasing a total of about 1.2 trillion yuan of long-term funds. On the same day, the Central Committee held a meeting of the Political Bureau to analyze and study the economic work in 2022. The meeting proposed to promote the construction of affordable housing, support the commercial housing market, better meet the reasonable housing needs of buyers, and promote the healthy development and virtuous cycle of the real estate industry.
Jiazhaoye: it plans to sell the property of Hong Kong Central Center to Shandong Hi-Speed Company Limited(600350) for debt repayment of HK $186 million
On December 5, China Shandong Hi-Speed Company Limited(600350) Financial Group Co., Ltd. announced that its indirect wholly-owned subsidiary, China Shandong Hi-Speed Company Limited(600350) capital (Hong Kong) Co., Ltd., as the buyer, intended to acquire all the issued share capital and loans for sale of Yusheng from jiazhaoye Venture Capital Co., Ltd., a direct wholly-owned subsidiary of jiazhaoye group, at a maximum price of about HK $186 million.
Guorui property under country garden service is listed as the executee
On December 9, Beijing Guorui Property Service Co., Ltd. was listed as the executee by Beijing Dongcheng District People’s court, with the amount of execution subject matter of RMB 3535. Filing date: December 6, 2021. At present, country garden life Service Group Co., Ltd. holds 100% of the company’s shares.
Important announcements of the company:
Jia Zhaoye: Ms. Guo Xiaoting has resigned as executive director and vice chairman of the company.
Huashinian: Mr. Zhang Huiming resigned as the executive director of the company due to personal affairs, and Mr. Zhu guogang was appointed as the executive director of the company.
Investment strategy and key recommendations: continue to be optimistic about the property management sector in the medium and long term. This week, due to the central government’s clear policy attitude towards the real estate industry, the basic property management industry has warmed up compared with last week, with huge growth space, and it is expected to show an upward trend in the future.
Risk warning: the risk that the market development is not as expected; Risk of insufficient collection of property fees; The epidemic control was less than expected.
