Poly Property Group Co Ltd (HK:0119)
:0119
Want to see HK:0119 full AI Analyst Report?
Top Page
Poly Property Group Co
(0119)
Select Model
Select Model
Rating:43Neutral
Price Target:
HK$1.50
▼(-26.11% Downside)
Action:Reiterated
Date:06/19/26
The score is weighed down mainly by weak financial quality (compressed margins, low ROE, and high leverage) and bearish technicals (below major moving averages with negative MACD). Valuation is not especially supportive due to a high P/E and modest dividend yield, despite some recent improvement in cash flow.
Positive Factors
Revenue recovery
Revenue returning to growth in 2025 signals improved project completions and better sales conversion after choppy years. Over a 2–6 month horizon this supports cash inflows, replenishes recognized-revenue visibility and underpins operational funding capacity versus relying solely on new financing.
Negative Factors
Elevated leverage
A debt-to-equity ratio near 1.93x leaves the capital structure highly leveraged for a cyclical property developer. Elevated leverage increases refinancing and interest-service risk, limits capacity to acquire land or absorb sales delays, and reduces strategic flexibility over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue recovery
Revenue returning to growth in 2025 signals improved project completions and better sales conversion after choppy years. Over a 2–6 month horizon this supports cash inflows, replenishes recognized-revenue visibility and underpins operational funding capacity versus relying solely on new financing.
Read all positive factors
Poly Property Group Co (0119) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$6.08B
Dividend Yield0.98%
Average Volume (3M)43.24M
Price to Earnings (P/E)24.6
Beta (1Y)1.35
Revenue Growth20.60%
EPS Growth22.39%
CountryHK
Employees6,442
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.06
Shares Outstanding3,821,183,000
10 Day Avg. Volume88,816,917
30 Day Avg. Volume43,244,075
Financial Highlights & Ratios
PEG Ratio1.23
Price to Book (P/B)0.20
Price to Sales (P/S)0.15
P/FCF Ratio1.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$3.46Price Target Upside70.44% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.06
Revenue Forecast (FY)HK$42.77B
Poly Property Group Co Business Overview & Revenue Model
Company Description
Poly Property Group Co., Limited, an investment holding company, engages in the property investment, development, and management business in Hong Kong, the People's Republic of China, and internationally. The company operates through Property Deve...
How the Company Makes Money
Poly Property Group typically generates revenue through (1) property development sales: the sale of completed residential and mixed-use units, where revenue is recognized upon meeting relevant completion/delivery and control-transfer conditions un...
Poly Property Group Co Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
38
Negative
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 52.47B | 42.78B | 45.03B | 47.83B | 36.48B |
| Gross Profit | 8.93B | 7.15B | 9.20B | 12.89B | 12.35B |
| EBITDA | 4.19B | 2.67B | 5.86B | 8.92B | 9.97B |
| Net Income | 244.26M | 194.58M | 1.59B | 949.08M | 2.48B |
Balance Sheet | |||||
| Total Assets | 202.49B | 211.43B | 227.12B | 228.05B | 193.27B |
| Cash, Cash Equivalents and Short-Term Investments | 34.71B | 36.72B | 34.80B | 35.50B | 29.75B |
| Total Debt | 72.47B | 74.98B | 74.11B | 94.04B | 69.66B |
| Total Liabilities | 149.32B | 161.90B | 176.74B | 161.33B | 155.12B |
| Stockholders Equity | 37.56B | 36.40B | 37.63B | 42.11B | 31.50B |
Cash Flow | |||||
| Free Cash Flow | 4.77B | 8.12B | 6.69B | -17.64B | -5.47B |
| Operating Cash Flow | 4.80B | 8.14B | 6.72B | -17.03B | -5.41B |
| Investing Cash Flow | -1.92B | -537.23M | 642.82M | 2.50B | 5.02B |
| Financing Cash Flow | -6.45B | -4.80B | -7.33B | 13.46B | -7.67B |
Poly Property Group Co Technical Analysis
Negative
2.03
Price Trends
1.99
Negative
2.01
Negative
1.92
Negative
Market Momentum
-0.12
Positive
22.33
Positive
12.45
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0119, the sentiment is Negative. The current price of 2.03 is above the 20-day moving average (MA) of 1.88, above the 50-day MA of 1.99, and above the 200-day MA of 1.92, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 22.33 is Positive, neither overbought nor oversold. The STOCH value of 12.45 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0119.
Poly Property Group Co Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | HK$5.09B | 2.87 | 7.40% | 2.21% | 248.51% | ― | |
53 Neutral | HK$5.61B | -1.29 | -8.73% | 10.98% | 153.96% | -139.55% | |
49 Neutral | HK$6.05B | 46.30 | 0.75% | 5.51% | -19.84% | 1.94% | |
46 Neutral | HK$6.18B | -7.16 | 0.73% | 3.32% | -72.38% | -358.63% | |
44 Neutral | HK$8.07B | -1.43 | -28.70% | ― | -72.09% | 24.14% | |
43 Neutral | HK$6.08B | 24.61 | 0.66% | 0.98% | 20.60% | 22.39% |
* Real Estate Sector Average
HK:0119
Poly Property Group Co
1.59
0.08
5.58%
HK:0173
K Wah International Holdings
1.96
<0.01
0.41%
HK:0034
Kowloon Development Co
4.63
1.78
62.74%
HK:3380
Logan Property Holdings Co
1.42
0.57
67.06%
HK:0604
Shenzhen Investment
0.63
-0.37
-37.00%
HK:0028
Tian An China Investments Co
3.47
-0.59
-14.57%
Poly Property Group Co Corporate Events
Poly Property Shareholders Back All AGM Resolutions, Renew Board and Capital Mandate
Jun 17, 2026
Poly Property Group Co., Limited reported that all resolutions at its 17 June 2026 annual general meeting were approved by shareholders via poll, with no mandatory abstentions or opposing intentions declared beforehand. Investors endorsed the 2025...
Poly Property posts RMB19.6bn in unaudited contracted sales for first five months of 2026
Jun 8, 2026
Poly Property Group reported unaudited contracted sales of about RMB4.3 billion in May 2026, with 140,000 square meters sold at an average price of approximately RMB30,430 per square meter. For the first five months of 2026, contracted sales reach...
Poly Property Calls 2026 AGM to Approve Dividend, Auditor and Share Issuance Mandate
May 22, 2026
Poly Property Group Co., Limited has called its annual general meeting for 17 June 2026 in Hong Kong, where shareholders will review and adopt the audited consolidated financial statements for the year ended 31 December 2025 and consider a propose...
Poly Property Overhauls Board as Long-Serving Independent Directors Exit
May 18, 2026
Poly Property Group Co., Limited announced a significant reshuffle of its board and board committees, driven by a director’s retirement and Hong Kong Stock Exchange rules on long-serving independent non-executive directors. Non-executive dir...
Poly Property Group refreshes board and key governance committees
May 18, 2026
Poly Property Group has updated the composition of its board of directors with effect from 18 May 2026, confirming Wan Yuqing as chairman and Hu Zaixin as general manager among its executive directors. The board also includes non-executive and ind...
Poly Property Group Posts RMB15.4 Billion in Contracted Sales for First Four Months of 2026
May 8, 2026
Poly Property Group reported that its group, including joint ventures and associates, generated contracted sales of about RMB4.2 billion in April 2026, representing approximately 148,000 square metres sold at an average price of RMB28,418 per squa...
Poly Property Subsidiary Reports Sharp Profit Drop on Stable Balance Sheet
Apr 29, 2026
Poly Property Group’s subsidiary Shanghai Poly Property has disclosed unaudited key financial data for the three months ended 31 March 2026, as required by China’s debt market rules. The unit reported total assets of RMB167.26 billion,...
Poly Property Subsidiary Raises RMB1.5 Billion in 2026 Bond Issue
Apr 20, 2026
Poly Property Group’s wholly owned mainland subsidiary, Shanghai Poly Property, has issued the first tranche of its 2026 corporate bonds in China, raising RMB1.5 billion. The bonds carry a 3+2 year structure and an annual coupon of 2.53%, re...
Poly Property Group Posts RMB11.2 Billion in Unaudited Q1 2026 Contracted Sales
Apr 8, 2026
Poly Property Group Co. reported unaudited contracted sales of about RMB5.2 billion in March 2026, with approximately 175,000 square metres sold at an average price of RMB29,710 per square metre. The figures reflect the group’s ongoing activ...
Poly Property Group Lifts 2025 Earnings and Cash Flow as Leverage Metrics Enter Green Zone
Mar 31, 2026
Poly Property Group Co., Limited, a Hong Kong-based real estate developer with substantial residential and commercial projects in mainland China, continues to build out its land bank, reaching a total of 11.88 million square metres by the end of 2...
Poly Property Group Proposes Final 2025 Dividend of HKD 0.026 Per Share
Mar 31, 2026
Poly Property Group has proposed a final ordinary dividend of HKD 0.026 per share for the financial year ended 31 December 2025, subject to shareholder approval at the company’s annual meeting on 17 June 2026. The dividend will be paid in Ho...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.