HK Stock Market Move | : Property management stocks are all rising. : The scale of leading companies in the property management industry continues to expand. : The industry concentration remains stable and is trending upwards.

Property management stocks are all on the rise. As of the time of writing, CG SERVICES (06098) rose by 9.88% to HK$6.23, ONEWO (02602) rose by 7.33% to HK$24.15, A-LIVING (03319) rose by 5.9% to HK$3.05, and ES SERVICES (01995) rose by 5.77% to HK$2.2. In terms of news, recently, Ke Rui released the top 50 property service companies in China with the highest new contract area in January 2025. In January, the top 50 companies added approximately 78.08 million square meters of new contract area, with a third-party expansion scale of 71.46 million square meters, and the scale of leading companies continued to expand. In addition, according to Daily Economic News, in recent times, projects in cities such as Chongqing, Wuhan, Nanchang, and Yinchuan have all seen a reduction in property fees, with decreases ranging from 20% to 35%. Guangyin International recently released a research report stating that the future growth of property management companies in terms of management scale may no longer be the core focus, and the industry's competitive focus will gradually shift towards service quality and value-added services. With the decrease in industry increment space, the increase in industry concentration may accelerate the elimination of poorly managed companies; developing value-added service businesses will become one of the industry's growth drivers. Bank of America Securities previously pointed out that mainland property management stocks would benefit from any stimulus policies in the real estate market, but may lack industry catalysts in the short term.