HK Stock Price Fluctuated | SINO-OCEAN SERV (06677) surged over 5%. The fundamentals of the property company are gradually being restored, and it is expected to achieve performance resilience by 2024.

SINO-OCEAN SERV (06677) rose more than 5% and closed at a 5.06% increase of HKD 0.83 as of press time. EB Securities pointed out that property companies are gradually shedding their "real estate attributes" and enhancing their "service consumption" attributes, with performance elasticity expected by 2024. The bank believes that the current period is a key phase for the expansion of service consumption in China, and compared to overseas, the development of the property management industry in China has good prospects as the main carrier of community consumption. The property index has fallen to a historical low, making it a good time to allocate to the property management industry. On September 6th, SINO-OCEAN SERV officially unveiled its first community elderly care service station, the Sino-Ocean Tiandi Community Elderly Care Service Station. The launch of the Sino-Ocean Tiandi Community Elderly Care Service Station represents the gradual implementation of SINO-OCEAN SERV's "property + elderly care" model. Under the guidance of the Ministry of Housing and Urban-Rural Development, the China Property Management Association, and the Beijing Municipal Commission of Housing and Urban-Rural Development, the Beijing Sino-Ocean Tiandi Community became the only pilot project selected for "property services + home-based elderly care".