Property management stocks fell significantly during the day, and the sector index hit a new low during the year. Citic Securities Company Limited(600030) said that the cooling of the M & a market in the property management industry is a warning to the blind pursuit of property management rights, and also shows that property management rights themselves are not a good asset. As of press time, rongchuang service (01516) fell 9.44% to HK $7.48; Lingyue service group (02165) fell 5.50% to HK $3.78; Ya life services (03319) fell 4.90% to HK $13.98; Xuhui Yongsheng service (01995) fell 4.72% to HK $11.72; Country garden services (06098) fell 4.10% to HK $45.60.
This week, Citic Securities Company Limited(600030) analyzed the cooling of the M & a market in the property management industry. The report said that the cooling of the M & a market is later than the decline of the valuation of the secondary market, but the cooling is still a trend. This is a warning to the blind pursuit of property management rights. It also shows that the property management right itself is not a good asset. Only the middle and back office system, value-added service system and influential brand that can bring economies of scale can be favored by investors.
The report also pointed out that the stable credit of real estate enterprises will not lead to the warming of Wuguan M & a market. We believe that small businesses will gradually change from “want me to sell” to “I want to sell”. We believe that the decline of M & a consideration will not reduce the willingness of small and medium-sized property management enterprises to sell the company, but may accelerate the transfer of equity of small property management companies.
(Zhitong finance and Economics Network)
