智通财经APP获悉，物管股随内房股走低，截至发稿，雅生活服务(03319)跌12.61%，报2.08港元；碧桂园服务(06098)跌7.96%，报3.93港元；新城悦服务(01755)跌6.33%，报2.81港元；万物云(02602)跌4.23%，报17.2港元。
摩根士丹利发表研究报告指，在宏观经济疲弱下，物管股增值服务业务增长迟缓，但物管股的核心业务在上半年维持中双位数的增长；同时第三方的竞争会加剧，看好商场经营者，主要因为强劲的现金流及市场整合加快。该行称，基于目前的宏观不利因素，看好具防守性的公司，并拥有持续自然增长、强劲现金流及股息上升的可能性。大摩同时下调物管股目标价。
汇丰此前发布研报称，受到中国房地产市场不景气的拖累，物业管理行业近年亦较不受市场欢迎，但最新业绩表现显示，有部分企业在艰难市况中仍展现出韧性，并致力于提升股东回报。相比起房地产发展商，汇丰研究更看好物业管理公司，认为物管行业自2021年起估值遭削减，已大致反映庞大拨备及增长预期。
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