According to the Securities Times app, property management stocks rose along with mainland real estate stocks, as of the deadline, kwg living (03913) rose by 7.5%, closing at HK$0.43; everg services (06666) rose by 6.02%, closing at HK$0.88; cg services (06098) rose by 6.57%, closing at HK$6; a-living services (03319) rose by 5.68%, closing at HK$3.35.

On the news front, the State Council Information Office will hold a press conference at 10 a.m. on October 17, 2024, where Minister of Housing and Urban-Rural Development Ni Hong, along with officials from the Ministry of Finance, Ministry of Natural Resources, People's Bank of China, and China Banking and Insurance Regulatory Commission, will introduce the relevant information on promoting the stable and healthy development of the real estate market and answer questions from reporters.

Everbright research reports point out that the Fed's interest rate cut cycle has begun, domestic real estate policies continue to optimize, property management risk indicators are gradually being cleared, and the sector's allocation value is highlighted. The bank pointed out a focus on the real estate industry's liquidity recovery, the gradual reduction of credit risks for private real estate enterprises leading to a decrease in risk premium; bullish in the long term on property management companies with strong independent development capabilities, high project quality, strong operational and profit capabilities; state-owned property management companies bring valuation premiums due to their stable development and low risks.