The Zhitong Finance App learned that property management stocks declined along with domestic housing stocks. As of press release, Ya Life Services (03319) fell 4.73% to HK$3.83; Wanwuyun (02602) fell 3.3% to HK$26.4; and Sunac Services (01516) fell 2.46% to HK$2.38.

CMB International pointed out that since the policy tone changed on April 30, the regulation has introduced a series of positive policies. Overall, I am confident that the regulation will continue to introduce supplementary measures to promote the implementation and implementation of existing policies facing many implementation difficulties and gradually improve the fundamentals of the industry. The bank said it would prefer property management companies that are the beneficiaries of the stock market.

According to a report published by CICC, the property management sector recorded a considerable increase in the past month with the introduction of real estate policies and a shift in investment sentiment. Core coverage stocks have recorded an average increase of 45% since their low level on April 16. The bank believes that under the current policy direction, the visibility of volume and price stabilization and structural recovery in the physical market for a year or more has increased. Although the stock price reaction may be fixed ahead of the physical market, it is expected to provide a layout window if phased profits are settled. CICC expects the profit growth rate of property management stocks to be roughly between 10 to 20% this year. The real estate industry's potential recovery in volume and price increases the certainty of delivery, but implied flexibility is relatively limited.