HK Stock Market Move | Property management stocks rise with real estate stocks, the effects of real estate policies gradually manifest, and debt restructuring of real estate companies may serve as a catalyst.

Property management stocks rose with real estate stocks. As of the time of writing, SHIMAO SERVICES (00873) rose by 10.1% to 25.6 Hong Kong dollars; ONEWO (02602) rose by 9.87% to 25.6 Hong Kong dollars; SINO-OCEAN SERV (06677) rose by 7.94% to 0.68 Hong Kong dollars; A-LIVING (03319) rose by 6.1% to 3.48 Hong Kong dollars; EVERG SERVICES (06666) rose by 5.81% to 0.91 Hong Kong dollars. On the news front, according to data from the Ke Rui Research Center, as of October 20, the daily average transaction volume of new homes in 28 key cities increased by 11% compared to September, and the transaction volume of second-hand homes in 16 key cities increased by 11% compared to the same period in September. HSBC stated that progress in debt restructuring by real estate companies is seen as a new positive catalyst, which can boost investor sentiment and improve trading liquidity. Guolian stated that the price-to-book ratio valuations of A-shares and Hong Kong stock real estate sectors are at historically low levels. With the gradual manifestation of policy effects, market confidence is expected to improve, leading to stabilized sales volume. It is recommended to focus on first-tier and core second-tier cities, emphasize improvement-oriented products, real estate companies with continuous land acquisition capabilities, as well as top property management companies with scale advantages and high operational efficiency.