No Data
[Brokerage Focus] CITIC SEC: Remains Bullish on the dividend value of the Property and Commercial Management Sector.
Jinwu Financial News | CITIC SEC's Research Reports state that various regions have introduced policies to boost Consumer spending, all of which incorporate stabilizing the Real Estate market into their policy framework. The importance of the Real Estate Industry in boosting Consumer policies is reflected not only in the consumption directly or indirectly related to housing but also in the significant impact of housing price wealth effects on residents' income confidence and willingness to consume. It is believed that national policies will be introduced in April to May, and developers with strong product capabilities and companies holding quality Operation Assets possess investment value; there is continued optimism regarding the dividend value of the property and commercial management Sector.
Express News | JPMorgan Chase & Co's Long Position in H-Shares of Poly Property Services Increases to 8.10% on April 9 From 7.56% - HKEX
Shareholders of POLY PPT SER (06049) have deposited their Stocks into China Securities Depository and Clearing Hong Kong, with a Market Cap of 6.101 billion HKD.
On April 14, POLY PPT SER (06049) Shareholders deposited Stocks into China Securities Registration and Clearing Hong Kong, with a Market Cap of 6.101 billion HKD, accounting for 126.3%.
POLY PPT SER (06049.HK) has completed the full circulation of its Listed in Hong Kong shares.
Gelonghui April 14丨POLY PPT SER (06049.HK) announced that a total of 193,666,690 domestic shares have been converted as of April 14, 2025, and the converted H shares will be listed on the Stock Exchange at 9:00 AM on April 15, 2025.
[Brokerage Focus] Guosen maintains a "Outperform" rating for POLY PPT SER (06049), pointing out that market expansion and increasing competition have led to pressure on gross margin.
Jingwu Financial News | Guosen Securities reported that POLY PPT SER (06049) will achieve revenue of 16.3 billion yuan in 2024, a year-on-year increase of 8%; it will achieve a Net income of 1.5 billion yuan, a year-on-year increase of 7%. Analyzing by Business Sector, the company's property management service revenue is 11.7 billion yuan, a year-on-year increase of 15%; Community value-added service revenue is 2.7 billion yuan. The company's overall gross margin for 2024 is 18.3%, a year-on-year decrease of 1.3 percentage points; net margin is 9.0%, a year-on-year decrease of 0.2 percentage points; management expense ratio is 6.9%, a year-on-year decrease of 1.2 percentage points. The company's dividend payout ratio has steadily increased for three consecutive years.
[Brokerage Focus] CITIC SEC expects that the Property Service industry will encounter three major opportunities in 2025.
Jinguo Financial News | CITIC SEC believes that the Property Service Industry will迎来three major opportunities in 2025. First, the price mechanism is gradually being rationalized, pushing for a policy turning point that promotes quality services at competitive prices. It is expected that the current difficulties in collections may ease, and companies providing good services for quality properties will be more encouraged by policies; secondly, a turning point in enterprise operation quality. The bank expects that by 2025, the performance contribution of cyclical businesses (serving developers) to the Sector will drop to nearly zero, with the accrual of goodwill and receivables impairment peaking, leading to an expected performance growth rate of 9.7% in the Sector, with sustainable profitability expected to improve significantly; finally, companies will continue to increase Cash.
