According to the Wise Money APP, property management stocks rebounded today with mainland real estate stocks. As of press time, CG Services (06098) rose 4.95% to HK$4.88; Shimao Services (00873) rose 4.17% to HK$0.75; A-Living Services (03319) rose 4.09% to HK$2.8; Sunac Services (01516) rose 2.92% to HK$1.76.

Everbright Securities pointed out that the property industry is positioned as the "grassroots pillar of community governance", with a sound foundation, abundant cash flow, stable dividend growth, and factors that suppress the valuation of property management companies gradually being released due to increased support for real estate policies and the end of the Federal Reserve's interest rate hikes. In the medium to long term, property management companies have excellent business models that can smoothly navigate economic cycles. In the era of downward shift in growth centers, attention should be paid to investing in high-quality existing assets to obtain sustained and stable investment returns.

Industrial Securities pointed out that under the drive of various easing policies, the sales amount and area of leading real estate companies in June turned positive on a year-on-year and month-on-month basis, and are expected to continue to improve with further policy relaxation. Soochow Securities previously pointed out that the real estate industry is undergoing significant marginal changes, and the most flexible targets are companies that have large differences in whether major shareholders/related developers can survive in the market. Performance is not a core factor affecting short-term trends.