DBS: China Property Management Sector: Dividend in focus
alanyeo
Dividend is now the name of the game due to fading interest on M&As and expectation reset on VAS businesses
Strong competition in third party contracts, weak VAS developments and further receivable impairments may weigh on earnings outlook
Price correlation with the China property sector to stay before the dust in the latter settles
Price volatility amid weak sentiment creates attractive entry points for quality names: CR MixC (1209 HK) for its resilient growth outlook and room for potential payout lift
