Market review:
From January 3, 2022 to the closing on January 7, 2022, the Hang Seng property sector fell by 5.23%, the Hang Seng Index rose by 0.41%, and the Hang Seng property sector lagged behind the Hang Seng Index by 5.64pct. Compared with other sectors, the Hang Seng property sector ranked third from the bottom among the 13 sectors of the Hang Seng comprehensive industry.
The top 40 stocks with market value of a + H are screened, and the top five are:
The top five stock price increases were xinchengyue service, Shenzhen Sdg Service Co.Ltd(300917) , HUAFA property service, Greentown service and Evergrande property.
After the stock price decline, the top five were country garden service, Hejing Youhuo, Shimao service, times neighborhood and Xingsheng business.
Fund tracking:
Shanghai (Shenzhen) stock connect
Among A-share property companies, only China Merchants Property Operation & Service Co.Ltd(001914) held shares in the Shanghai (Shenzhen) stock connect. As of January 7, 2022, they held 13.11 million shares, an increase of 18.5% over last week, and the market value of their shares was 253 million yuan.
Hong Kong stock connect
Hong Kong stock China Hong Kong stock connect holds 19 shares in total. The largest increase this week is ya life service, with an increase of 16.56% this week. The biggest drop was the country garden service, down 2.21%. The highest shareholding ratio is poly property, which is 62.4%. Evergrande property has the largest number of shares, 726 million shares. Important industry news:
Longhu Zhichuang life plans to be listed on the Hong Kong stock exchange
On January 7, 2022, Longhu’s property sector officially submitted a prospectus to the Hong Kong Stock Exchange and planned to be listed on the Hong Kong stock exchange. However, it did not appear as “Longhu intelligent service”, but as a new brand “Longhu Zhichuang life”.
According to the listing application data, as of December 31, 2019, December 31, 2020 and the first nine months of 2021, the operating revenue of Longhu Zhichuang life was RMB 4.369 billion, RMB 6.468 billion and RMB 7.771 billion respectively, and the net profit was RMB 681 million, RMB 931 million and RMB 1.13 billion respectively. The revenue and net profit showed a rapid growth trend.
Residential property accounts for nearly 80%. In the first nine months of 2021, residential property management revenue accounted for 77.4% and gross profit margin 25.3%; In the same period of 2020, accounting for 85.5% and gross profit margin 27.2%; In 2019, it accounts for 89%, and the gross profit margin is 29.25. Rongchuang service: terminate the acquisition of the first service
On the evening of January 3, rongchuang Service announced that it terminated the acquisition of about 32.22% shares of the first service.
Important announcements of the company:
China Resources Vientiane life: acquire the assets of the property sector of Tianjin Yujia (property management platform of Yuzhou group) at a price of no more than 1.06 billion. As of June 30, 2021, the property management service of Yuzhou group has a total construction area of more than 20 million square meters and a total contract area of more than 27 million square meters, of which the construction area under management from a third party accounts for more than 14%.
Investment strategy and key recommendations: the property and enterprise sector fell this week, but it is still optimistic about the medium and long-term trend of the property sector. The listing of small property enterprises has failed frequently. The listing of Longhu Zhichuang life will further improve the mayor rate of head enterprises. Due to the mismatch between supply and demand, there is still much room for development in uncovered areas, which will continue to develop rapidly 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.
