In a report released yesterday, Miao Zhang from CMB International Securities maintained a Buy rating on Jinmao Property Services Co., Ltd., with a price target of HK$4.65.
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Miao Zhang’s rating is based on Jinmao Property Services Co., Ltd.’s strategic business integration and strong financial performance. The company’s revenue experienced a significant increase of 19.6% year-over-year in the first half of 2025, primarily driven by the integration of new business operations, which boosted the basic property management revenue by 31% year-over-year. Despite a slight decline in gross margins and an increase in accounts receivable impairment, the net profit growth remained positive and aligned with market expectations.
Moreover, the company has demonstrated a commitment to shareholder returns by declaring a special dividend, bringing the total dividend payout ratio to an impressive 70%. This move underscores the company’s focus on rewarding its shareholders. Although the target price was slightly reduced by 4% to HK$4.65 due to revised earnings forecasts, the overall outlook remains positive. The potential risks include slower-than-expected expansion and margin pressures, but the company’s strategic initiatives and financial health support the Buy rating.
According to TipRanks, Zhang is a 4-star analyst with an average return of 30.7% and an 83.33% success rate. Zhang covers the Real Estate sector, focusing on stocks such as Greentown Service Group Co. Ltd., Binjiang Service Group Co. Ltd., and China Resources Mixc Lifestyle Services Ltd..