Poly Property Services Co., Ltd. Class H (HK:6049)
:6049
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Poly Property Services Co., Ltd. Class H
(6049)
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Rating:75Outperform
Price Target:
HK$35.00
▲(4.23% Upside)
Action:Reiterated
Date:05/04/26
The score is driven by strong financial quality (notably low leverage and solid ROE) and very compelling valuation (low P/E and high dividend yield). These positives are tempered by weak technicals (below major moving averages with negative MACD) and near-term operational cautions around the 2025 revenue dip, margin compression, and variable free cash flow.
Positive Factors
Conservative balance sheet
Very low leverage (~1% D/E) and mid‑teens ROE (~14–16%) provide financial resilience and low interest burden. This conservative financing boosts flexibility to fund operations, sustain service delivery across portfolios, and withstand cyclic real estate volatility without relying on external debt.
Negative Factors
Near‑term revenue pause
A ~1% revenue decline in 2025 after several years of growth signals a near‑term pause. For a model driven by expanding managed area and contract renewals, prolonged stagnation could limit scale benefits, slow fee income growth, and reduce the long‑run upside to margins and returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage (~1% D/E) and mid‑teens ROE (~14–16%) provide financial resilience and low interest burden. This conservative financing boosts flexibility to fund operations, sustain service delivery across portfolios, and withstand cyclic real estate volatility without relying on external debt.
Read all positive factors
Poly Property Services Co., Ltd. Class H (6049) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$16.91B
Dividend Yield4.43%
Average Volume (3M)866.30K
Price to Earnings (P/E)10.5
Beta (1Y)0.92
Revenue Growth4.91%
EPS Growth4.61%
CountryHK
Employees30,125
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)2.79
Shares Outstanding347,000,100
10 Day Avg. Volume541,338
30 Day Avg. Volume866,298
Financial Highlights & Ratios
PEG Ratio4.67
Price to Book (P/B)1.50
Price to Sales (P/S)0.95
P/FCF Ratio9.03
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$39.79Price Target Upside18.48% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)2.93
Revenue Forecast (FY)HK$18.13B
Poly Property Services Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Poly Property Services Co., Ltd., together with its subsidiaries, provides property management services in the People's Republic of China. The company offers services for residential communities, commercial and office buildings, and public and oth...
How the Company Makes Money
The company primarily makes money by charging property management service fees for operating and maintaining properties under management. These fees are generally billed on a recurring basis (e.g., monthly/quarterly) and are tied to managed area, ...
Poly Property Services Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
72
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 16.68B | 16.34B | 15.06B | 13.69B | 10.78B |
| Gross Profit | 2.54B | 2.98B | 2.95B | 2.57B | 2.01B |
| EBITDA | 2.39B | 1.93B | 2.23B | 1.90B | 1.50B |
| Net Income | 1.51B | 1.47B | 1.38B | 1.11B | 845.69M |
Balance Sheet | |||||
| Total Assets | 18.26B | 16.78B | 14.88B | 13.11B | 11.14B |
| Cash, Cash Equivalents and Short-Term Investments | 10.82B | 9.89B | 11.18B | 9.11B | 7.69B |
| Total Debt | 101.69M | 105.65M | 111.70M | 107.22M | 114.59M |
| Total Liabilities | 7.52B | 6.91B | 6.00B | 5.26B | 4.25B |
| Stockholders Equity | 10.56B | 9.70B | 8.72B | 7.69B | 6.79B |
Cash Flow | |||||
| Free Cash Flow | 1.75B | 1.40B | 2.34B | 1.40B | 1.37B |
| Operating Cash Flow | 1.80B | 2.30B | 2.42B | 1.47B | 1.45B |
| Investing Cash Flow | -235.84M | -2.82B | 56.29M | -97.84M | -858.30M |
| Financing Cash Flow | -760.92M | -604.66M | -418.27M | -137.62M | -339.81M |
Poly Property Services Co., Ltd. Class H Technical Analysis
Negative
33.58
Price Trends
31.55
Negative
32.34
Negative
33.71
Negative
Market Momentum
-0.07
Positive
39.02
Neutral
10.39
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6049, the sentiment is Negative. The current price of 33.58 is above the 20-day moving average (MA) of 31.48, above the 50-day MA of 31.55, and below the 200-day MA of 33.71, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 39.02 is Neutral, neither overbought nor oversold. The STOCH value of 10.39 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6049.
Poly Property Services Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$16.91B | 10.46 | 15.06% | 4.43% | 4.91% | 4.61% | |
71 Outperform | HK$14.48B | 15.06 | 11.18% | 2.78% | 6.95% | 28.21% | |
70 Outperform | HK$12.54B | 5.67 | 23.68% | 3.82% | 6.30% | -9.60% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | HK$20.01B | 27.53 | 4.63% | 1.77% | 2.94% | -39.39% | |
59 Neutral | HK$14.38B | 5.47 | 74.40% | ― | 6.46% | -3.32% | |
57 Neutral | HK$20.07B | 30.19 | 1.68% | 4.94% | 9.98% | -68.38% |
* Real Estate Sector Average
HK:6049
Poly Property Services Co., Ltd. Class H
30.56
0.28
0.92%
HK:2669
China Overseas Property Holdings
3.82
-1.31
-25.57%
HK:6098
Country Garden Services Holdings Co
6.16
-0.31
-4.79%
HK:2602
Onewo, Inc. Class H
17.13
-2.27
-11.68%
HK:2869
Greentown Service Group Co. Ltd.
4.59
0.51
12.50%
HK:6666
Evergrande Property Services Group Ltd.
1.33
0.60
82.19%
Poly Property Services Co., Ltd. Class H Corporate Events
Poly Property Services Sets Final 2025 Dividend and Details Tax Treatment for Overseas Holders
Apr 30, 2026
Poly Property Services Co., Ltd. has announced a final ordinary dividend of RMB 1.401 per share for the financial year ended 31 December 2025, subject to shareholder approval on 29 May 2026. The dividend, to be paid in Hong Kong dollars at an exch...
Poly Property Services Sets Slate for New Board, Extends Current Term to Ensure Continuity
Mar 31, 2026
Poly Property Services has completed the nomination process for its fourth board session, proposing a slate that includes non-executive, executive, and independent non-executive directors for shareholder approval at the 2025 annual general meeting...
Poly Property Services Delivers Steady 2025 Growth as Core Management Business Strengthens
Mar 31, 2026
Poly Property Services Co., Ltd. reported steady growth for 2025, with revenue rising 4.8% to RMB17.13 billion, driven mainly by a 12.6% increase in property management services, while value-added services to non-property owners and community valu...
Poly Property Services Declares Final 2025 Dividend of RMB 1.401 Per Share
Mar 31, 2026
Poly Property Services Co., Ltd. has declared a final ordinary cash dividend of RMB 1.401 per share for the financial year ended 31 December 2025, highlighting its continued capacity to return capital to shareholders despite a challenging property...
Poly Property Services Sets March 2026 Board Meeting on 2025 Results and Dividend
Mar 19, 2026
Poly Property Services Co., Ltd., a Hong Kong-listed property services provider based in Guangzhou, operates through various subsidiaries to deliver management and related services across the Mainland China market. Its board includes a mix of exec...
Poly Property Services Shareholders Approve Parking Framework Deal and New Director at EGM
Mar 13, 2026
Poly Property Services Co., Ltd. reported the poll results of its first extraordinary general meeting of 2026, held in Guangzhou on 13 March, confirming that the meeting was duly convened in compliance with PRC laws, Hong Kong listing rules, and t...
Poly Property Services Sets Out Board and Committee Structure
Mar 13, 2026
Poly Property Services Co., Ltd. has announced the current composition of its board of directors, led by Chairwoman Wu Lanyu and General Manager Wang Yingnan, and comprising executive, non-executive, and independent non-executive directors. The co...
Poly Property Services Calls 2026 EGM to Approve Parking Agreement and New Executive Director
Feb 9, 2026
Poly Property Services Co., Ltd. has convened its first extraordinary general meeting of 2026 for 13 March in Guangzhou, inviting all shareholders to vote by poll or proxy. The meeting will consider approval of a renewed phase-two parking space ag...
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.