China Overseas Property Holdings (2669) AI Stock Analysis

• Market Cap: HK$15.27B
• Dividend Yield: 3.79%
• Average Volume (3M): 6.41M
• Price to Earnings (P/E): 9.2
• Beta (1Y): 1.10
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: HK
• Employees: 38,627
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 0.26
• Shares Outstanding: 3,283,960,400
• 10 Day Avg. Volume: 7,305,910
• 30 Day Avg. Volume: 6,410,910
• PEG Ratio: 1.18
• Price to Book (P/B): 3.30
• Price to Sales (P/S): 1.13
• P/FCF Ratio: 13.42
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.54
• Revenue Forecast (FY): HK$16.31B

• Rating: 69 Neutral
• Price Target: HK$6.00 ▲(20.97% Upside)

The overall stock score of 68.5 reflects a strong financial performance with consistent revenue growth and profitability, supported by a solid balance sheet. However, technical indicators suggest a potential bearish trend, which could pose a risk. The valuation is reasonable, with a decent dividend yield offering additional appeal.

China Overseas Property Holdings Business Overview & Revenue Model

Company Description

China Overseas Property Holdings Limited, an investment holding company, provides property management services in Hong Kong, Macau, and the People's Republic of China. It operates through Property Management Services, Value-Added Services, and Car Parking Spaces Trading Business segments. The Property Management Services segment offers security, repair and maintenance, cleaning, and garden landscape maintenance services to mid-to high-end residential communities, commercial properties, government properties, and construction sites. The Value-Added Services segment offers engineering, vetting of building plans, facilities and equipment evaluation proposals, pre-delivery, move-in assistance, delivery inspection, engineering service quality monitoring and consulting services, etc. for property developers and other property management companies; and community asset management services and living service operations for residents, as well as commercial service operations. The Car Parking Spaces Trading Business segment engages in the trading of various car parking spaces. It is also involved in the provision of automation and other equipment upgrade services; property agency; information technology services; and service through online to offline platform. The company was formerly known as China Overseas Management Services International Limited and changed its name to China Overseas Property Holdings Limited in May 2015. The company was founded in 1986 and is headquartered in Hong Kong, Hong Kong. China Overseas Property Holdings Limited is a subsidiary of China Overseas Holdings Limited.

How the Company Makes Money

The company generates revenue primarily through the sale of residential and commercial properties developed by its subsidiaries. A significant portion of its income comes from the pre-sale of properties, where buyers make payments during the construction phase. Additionally, the company earns recurring income from property management and leasing activities. Partnerships with local governments and other real estate firms enhance its project pipeline, while its established brand reputation helps attract buyers and investors. The company's revenue can also be impacted by regulatory changes in the property sector and market demand fluctuations.

China Overseas Property Holdings Financial Statement Overview

Summary

China Overseas Property Holdings displays a strong financial position with consistent revenue growth and profitability. The low leverage and solid equity base provide financial stability. While cash flow generation has been robust historically, the lack of recent data could introduce uncertainty. Overall, the company's financial health is commendable with minor concerns about cash flow visibility.

Income Statement

The company has consistently shown strong revenue growth, with a significant increase from 2023 to 2024. Gross Profit Margin and Net Profit Margin are healthy, indicating efficient cost management and strong profitability. The EBIT and EBITDA margins also reflect robust operational performance.

Balance Sheet

The balance sheet is strong with a very low Debt-to-Equity Ratio, suggesting prudent financial leverage. The Return on Equity is impressive, showcasing the company's ability to generate profits from its equity base. Equity Ratio indicates a solid asset base financed by equity, reducing financial risk.

Cash Flow

Free Cash Flow is stable, however, the absence of recent Operating Cash Flow data is a concern. Historically, the company has shown good Free Cash Flow to Net Income conversion, indicating effective cash generation relative to reported profits.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	15.41B	14.92B	13.05B	12.76B	9.51B	6.59B
Gross Profit	2.57B	2.47B	2.07B	2.06B	1.68B	1.21B
EBITDA	2.10B	2.12B	1.89B	1.67B	1.32B	916.77M
Net Income	1.67B	1.61B	1.34B	1.09B	983.87M	700.01M
Balance Sheet
Total Assets	13.81B	12.01B	11.68B	10.12B	8.32B	6.19B
Cash, Cash Equivalents and Short-Term Investments	6.21B	5.80B	5.13B	4.13B	4.36B	3.71B
Total Debt	181.04M	172.16M	111.81M	206.55M	74.08M	63.41M
Total Liabilities	7.61B	6.83B	7.08B	6.46B	5.27B	4.01B
Stockholders Equity	6.12B	5.11B	4.54B	3.61B	3.00B	2.15B
Cash Flow
Free Cash Flow	1.27B	1.26B	1.36B	1.11B	699.33M	1.24B
Operating Cash Flow	1.33B	1.31B	1.50B	1.23B	809.28M	1.27B
Investing Cash Flow	-1.11B	-994.92M	-278.99M	-1.23B	-290.93M	104.14M
Financing Cash Flow	-637.93M	-588.84M	-462.84M	-316.60M	-270.80M	-194.22M

China Overseas Property Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.96
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2669, the sentiment is Negative. The current price of 4.96 is above the 20-day moving average (MA) of 4.87, above the 50-day MA of 4.90, and below the 200-day MA of 5.12, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 30.56 is Neutral, neither overbought nor oversold. The STOCH value of 8.54 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2669.

China Overseas Property Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6049	78 Outperform	HK$18.85B	11.44	15.94%	4.27%	6.54%	3.26%
2869	70 Outperform	HK$14.19B	16.53	10.30%	2.89%	-0.95%	14.89%
2669	69 Neutral	HK$15.27B	9.17	30.27%	3.79%	―	―
6098	66 Neutral	HK$21.13B	14.25	3.72%	4.79%	7.23%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
2602	58 Neutral	HK$22.45B	17.70	7.08%	1.72%	5.75%	-31.63%
6666	51 Neutral	HK$13.62B	11.49	185.17%	―	4.74%	-21.33%

China Overseas Property Holdings Corporate Events

China Overseas Property Renews Car Parking Space Agreements

China Overseas Property Holdings Limited has entered into new framework agreements with COLI and COGO to renew transactions related to the acquisition of rights-of-use for car parking spaces. These agreements, effective from January 2026 to December 2028, are part of continuing connected transactions that require compliance with specific listing rules, including annual review and reporting, due to the company’s relationships with its controlling shareholders.

Executive Resignation at China Overseas Property Holdings

China Overseas Property Holdings Limited announced the resignation of Mr. Pang Jinying from his roles as Executive Director, Vice President, and alternate to the authorised representative. This decision is part of a realignment of work duties within the company. Mr. Pang has confirmed there are no disagreements with the board, and the company expressed gratitude for his contributions. This change is not expected to impact the company’s operations or its stakeholders significantly.

China Overseas Property Holdings Announces Board Composition

China Overseas Property Holdings Limited, listed on the Hong Kong Stock Exchange, has announced the composition of its board of directors following a recent board meeting. The announcement details the roles and functions of the executive, non-executive, and independent non-executive directors, as well as their memberships in the company’s four board committees, which include Audit, Remuneration, Nomination, and Sustainability Steering Committees.