ONEWO Reportedly Launches 'Wu An Tong' Digital Access Platform, Benefiting 68K Households
ONEWO's New Digital Access Platform: ONEWO has upgraded its rider access solution by developing the 'Wu An Tong' digital access platform in collaboration with the Wucheng District Public Security Bureau, allowing over 9,600 riders to enter residential areas quickly and securely.
Data Integration for Enhanced Services: The platform integrates data from various delivery services like MEITUAN-W, Ele.me, JD-SW, and SF Express, improving delivery convenience for 68,000 households across 80 residential areas in Wucheng District.
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Earnings Growth Expectations: Chinese property managers are projected to see a 10% year-over-year earnings growth in 2025, which is below the market expectation of 12% and slower than previous years' growth rates.
Factors Affecting Performance: UBS attributes the slower growth to declines in cash collection rates, value-added service revenue, and profit margins among property managers.
Top Performers: GREENTOWN SER is expected to lead in performance among major property managers, followed by CHINA RES MIXC, which are also UBS's top picks.
Market Sentiment: JPMorgan anticipates continued weakness in Chinese property developers in 2025, favoring investments in CHINA RES LAND and CHINA JINMAO.

Morgan Stanley's Predictions: The research report indicates that Chinese property managers are expected to meet profit growth expectations, with low single-digit increases and greater differentiation among companies.
Top Performers: GREENTOWN SER and CHINA RES MIXC are projected to achieve the highest profit growth of 10-15% year-over-year, while POLY PPT SER and CHINA OVS PPT are expected to see mid-single-digit growth.
Challenges for Some Companies: CG SERVICES and SUNAC SERVICES may experience declines in core profits due to issues with past project receivables and non-core business impacts.
Impairment Risks: Most companies have largely eliminated impairment risks from related parties, except for ONEWO, which still faces some risk.

Morgan Stanley's Predictions: The research report from Morgan Stanley indicates that Chinese property managers are expected to meet profit growth expectations, with low single-digit increases overall.
Top Performers: GREENTOWN SER and CHINA RES MIXC are projected to achieve the highest profit growth of 10-15% year-over-year, while POLY PPT SER and CHINA OVS PPT are expected to see mid-single-digit growth.
Challenges for Some Companies: CG SERVICES and SUNAC SERVICES may experience declines in core profits due to past project receivable issues and non-core business impacts.
Impairment Risks: Most companies have cleared impairment risks from related parties, except for ONEWO, which still faces some challenges.
H Shares Performance: Various H shares showed mixed performance with C&D International Group and China Overseas experiencing declines, while China Res Land and China Vanke saw slight increases. Short selling ratios varied significantly among these stocks.
A Shares Overview: A shares like Binjiang Group and Merchants Shekou also displayed positive movements, but some, such as Poly Developments and Vanke A, were rated as underperforming with reduced target prices.
Market Sentiment: Analysts from BofAS predict more aggressive property policies in China by March and April, favoring companies like China Resources Land and China Overseas Land & Investment.
Short Selling Data: The short selling data indicates varying levels of investor confidence, with some stocks experiencing high short selling ratios, reflecting market skepticism.

BofA Securities' Positive Outlook: BofA Securities maintains a non-consensus positive view on the Chinese real estate industry, anticipating proactive policy-making that could create investment opportunities despite current pressures and low investor positioning.
Preferred Companies: The report favors companies with strong execution capabilities, including CHINA RES LAND, CHINA OVERSEAS, and C&D INTL GROUP, while also expecting CHINA RES MIXC to benefit from consumer stimulus measures.
Earnings Forecast Adjustments: BofA lowered its median EPS forecast for Chinese property developers by 8% for 2025-27, projecting a 20% decline in 2025 earnings, with a weaker-than-expected rebound anticipated in 2027.
Target Price Reductions: Due to downbeat prospects, BofA cut its target price for Chinese property developers by 12%, maintaining an Underperform rating for several companies, including CG SERVICES and POLY DEVELOPMENTS.
Stock Performance: CG Services and China OVS PPT experienced declines, while China Res Mixc saw an increase in share price, indicating mixed performance among property management stocks.
Short Selling Activity: Significant short selling was noted across various companies, with China Res Mixc having the highest short selling ratio at 29.105%, reflecting market caution in the sector.






