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CITIC SEC: Quality and price matching may become a direction encouraged by policy. The property Sector has significant upward elasticity in the future.
The bank suggests that investors pay attention to the policy turning point in the Property Service Sector.
DBS: Maintain CG SERVICES (06098) "Hold" rating, Target Price raised to 7 HKD.
The bank has raised the profit forecast for CG SERVICES for the next two years by 10% to reflect the adjusted revenue and gross profit forecasts.
CG SERVICES has awaited the dawn.
The total dividend for the year 2024 is 0.99 billion yuan.
[Brokerage Focus] Sinolink maintains a "Shareholding" rating on CG SERVICES (06098), noting that the core Business resilience is evident, but risks still need time to digest.
Jinwu Financial News | Sinolink Securities released a Research Report indicating that CG SERVICES' 2024 performance presents characteristics of "increased revenue without increased profit"; the core Business resilience is prominent, but risks still need time to digest. The company achieved annual revenue of 43.993 billion yuan, a year-on-year increase of 3.2%; the Net income attributable to the parent company was 1.808 billion yuan, a year-on-year surge of 518.7%, mainly due to a year-on-year decrease in asset impairment of 2.42 billion yuan; the core Net income attributable to the parent company was 3.038 billion yuan, a year-on-year decrease of 22.9%, affected by non-operational and objective factors. The reduction in impairment drove significant profit growth, with the core Business proportion increasing.
Hong Kong stock movements | CG SERVICES (06098) rose over 5%, with annual net profit increasing nearly 5.2 times year-on-year. Institutions indicate that the company's risks are gradually being cleared.
CG SERVICES (06098) rose over 5%, as of the time of writing, it increased by 5.42%, priced at 6.81 HKD, with a trading volume of 0.152 billion HKD.
Some domestic Real Estate and property management stocks are rising, CHINA JINMAO (00817) increased by 5.13%. Institutions indicate that the current main tone of the Real Estate sector is "halt the decline and stabilize" remains unchanged.
Jinwu Financial News | Some domestic real estate and property management stocks have risen, with CHINA JINMAO (00817) up 5.13%, MIDEA REAL EST (03990) up 1.82%, COUNTRY GARDEN (02007) up 1.08%, TIMES NEIGHBOR (09928) up 6.17%, and CG SERVICES (06098) up 4.64%. A report from BOC International indicates that the current main tone of the Real Estate sector is 'ceasing to decline and stabilizing', with boosting demand as the primary task. From high-frequency data, the market currently maintains a slow recovery momentum. Whether the subsequent market recovery can be solidified depends on further expansion of loosening policies on the demand side.
