30/11/2018-9

Kaisa Property can pay attention to the main high-end real estate services

US stocks fell sharply last Friday, only half a day after the Thanksgiving holiday, but oil prices plummeted, Chevron fell 3.3%, Exxon Mobil fell 2.6%, dragged the Duzhi to close at 24,285 points, down 178 points; S&P 500 index It closed at 17 points and reported 2632 points; both indexes recorded the worst “Black Friday" since 2010.

The top five technology stocks fell, among which Apple Computer fell 2.5%, and Facebook also fell more than 2%, dragging the Nasdaq index to close 33 points to 6938 points. In summary, the Dow fell 4.4%, the S&P 500 fell nearly 3.8%, and the Nasdaq fell 4.3%. Both the Dow and the Nasdaq recorded the largest single decline since March this year. As the first meeting of the US dollar is just around the corner, I believe the market will look at the results of the meeting. However, as the US dollar seems to have a sharp downward pressure, and the funds continue to flow out of US stocks in recent days, the performance of US stocks will be worse than that of emerging markets.

The Hang Seng Index fell about 1% last week. Although investors are not willing to act rashly in the face of the US dollar first meeting, performance is far better than US stocks. In fact, US stocks have continued to be under pressure in recent days, which have not affected Hong Kong stocks, or many investors have been puzzled; however, it is important to note that from the political level, the decline in US stocks may actually be a good solution to the Sino-US trade problem. Factor, because US President Trump is very concerned about the rise and fall of US stocks, and the reason for the recent decline in US stocks, apart from the sharp drop in oil prices, some companies’ performance began to be dragged down by trade wars, which is also a major reason. I can’t ignore it, and why the US stocks have fallen, which is expected to cause the Sino-US trade war to have a dawn.

Moreover, the decline in US stocks may cause funds to flow to the regional market. This will also benefit Hong Kong stocks. This can be seen from the recent one-month Hong Kong dollar interest rate cuts. The funds are flowing to Hong Kong. It is obvious that the MSCI Emerging Markets Index and MSCI in November. The performance of the emerging Asia Pacific Index is far better than the S&P 500. This shows that the US stock market is adjusted due to overvalued valuation. It does not mean that other markets should follow the decline, because the regional market including Hong Kong stocks is valued. Still have a big discount to US stocks.

With the gradual stabilization of Hong Kong stocks, the new stock market has also returned to active with the end of the year. Among them, the Kaisa Property (1638), which was split up, officially started its IPO today.

Kaisa Properties has a certain history. It has been engaged in property management services since 1999 and is focused on serving mid- to high-end properties, especially the Guangdong, Hong Kong, Macau and the Yangtze River Delta.

In terms of 2017 revenue, Kaisa Property ranked 14th among property management service companies in China; ranked 7th among property management service companies in Guangdong, Hong Kong and Macau. Its business covers 38 cities in 12 provinces, municipalities and autonomous regions in China. The total contracted construction area is 30.4 million square meters in the first half of 2018, and the total management building area is 25.4 million square meters. It manages 124 properties, including 101 Residential community, 23 non-residential properties, and property management services for approximately 160,000 small business owners.

Property management technology level is well received

Although Kaisa has a wide geographical distribution, it focuses on the major economic regions serving China, namely the Guangdong, Hong Kong, Macao and Dawan Districts, the Yangtze River Delta and the Bohai Economic Circle. The total construction area from these regions in the first half of 2018 is about 67%. It accounts for about 85% of total revenue. In addition to the support of the parent company, the Group has brought a lot of property management opportunities. In 2014, the Group adopted the “Community Manager” mobile application as an online portal for community products and services. In 2018, it further upgraded and launched K Life. Providing a one-stop service platform that meets the daily needs of residents, and continuous innovation, the Group’s 2017 consumer satisfaction score is as high as 93 points, and the renewal rate during the tracking period is as high as 100%, and in 2016-17 Received the Best Service Quality Award.

As the total floor area of ​​the parent company Kaisa has soared to 9.2 million square meters next year, involving 44 projects, it is believed that it will bring more property management growth to Kaisa Property, supported by innovation, quality and growth potential. It is worth paying attention to.