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Poly Property Services Co., Ltd. Class H
(6049)
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Rating:75Outperform
Price Target:
HK$30.00
▼(-10.66% Downside)
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
Extremely low leverage (debt-to-equity near 1% across 2023–2025) gives the company durable financial flexibility to withstand property-cycle downturns, fund capex or M&A selectively, and maintain distributions without relying on market debt issuance, supporting long-term resilience.
Negative Factors
Near-term Revenue Pause
A 2025 revenue dip signals potential weakness in contract wins, renewals, or portfolio mix that could slow scale benefits. If the pause persists, margin leverage and operating scalability may weaken, pressuring medium-term earnings growth and return-on-capital expansion until contract momentum recovers.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Extremely low leverage (debt-to-equity near 1% across 2023–2025) gives the company durable financial flexibility to withstand property-cycle downturns, fund capex or M&A selectively, and maintain distributions without relying on market debt issuance, supporting long-term resilience.
Read all positive factors
Poly Property Services Co., Ltd. Class H (6049) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$14.95B
Dividend Yield4.43%
Average Volume (3M)866.30K
Price to Earnings (P/E)8.4
Beta (1Y)0.91
Revenue Growth4.91%
EPS Growth4.61%
CountryHK
Employees28,692
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
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$37.10Price Target Upside10.48% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)2.93
Revenue Forecast (FY)HK$18.07B
Poly Property Services Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Poly Property Services Co., Ltd., together with its subsidiaries, operates as a property management service provider in China. The company offers property management services for residential communities under the Oriental Courtesy, Elegant Life, a...
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
28.58
Negative
29.35
Negative
30.92
Negative
Market Momentum
-0.59
Negative
44.80
Neutral
83.02
Negative
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 27.49, above the 50-day MA of 28.58, and above the 200-day MA of 30.92, indicating a bearish trend. The MACD of -0.59 indicates Negative momentum. The RSI at 44.80 is Neutral, neither overbought nor oversold. The STOCH value of 83.02 is Negative, 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$14.95B | 8.36 | 15.06% | 4.43% | 4.91% | 4.61% | |
71 Outperform | HK$12.71B | 12.65 | 11.23% | 2.78% | 6.95% | 28.21% | |
70 Outperform | HK$11.00B | 7.28 | 23.68% | 3.82% | 6.30% | -9.60% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
57 Neutral | HK$17.30B | 25.46 | 1.66% | 4.94% | 9.98% | -68.38% | |
56 Neutral | HK$2.44B | 21.21 | -12.90% | 4.41% | -7.01% | ― | |
52 Neutral | HK$8.76B | 7.72 | 74.40% | ― | 6.46% | -3.32% |
* Real Estate Sector Average
HK:6049
Poly Property Services Co., Ltd. Class H
27.02
-5.06
-15.78%
HK:2669
China Overseas Property Holdings
3.35
-1.92
-36.48%
HK:6098
Country Garden Services Holdings Co
5.31
-0.92
-14.78%
HK:3319
A-Living Smart City Services Co., Ltd. Class H
1.72
-1.14
-39.90%
HK:2869
Greentown Service Group Co. Ltd.
4.03
-0.24
-5.60%
HK:6666
Evergrande Property Services Group Ltd.
0.81
-0.02
-2.41%
Poly Property Services Co., Ltd. Class H Corporate Events
Poly Property Services AGM Approves 2025 Results, Dividend and Auditor Reappointment
May 29, 2026
Poly Property Services Co., Ltd. reported the poll results of its 2025 annual general meeting held in Guangzhou on 29 May 2026, where shareholders representing about 82.53% of issued shares participated and all resolutions, including the 2025 boar...
Poly Property Services Sets New Board and Committee Line-Up for Fourth Session
May 29, 2026
Poly Property Services has announced the composition of the fourth session of its board of directors, confirming a mix of executive, non-executive, and independent non-executive directors led by chairwoman Wu Lanyu and general manager Wang Yingnan...
Poly Property Services Sets Final 2025 Dividend and Details Tax Treatment for H-Shareholders
May 29, 2026
Poly Property Services Co., Ltd. has declared a final ordinary dividend of RMB 1.401 per share for the financial year ended 31 December 2025, with shareholder approval obtained on 29 May 2026. For H-share investors in Hong Kong, the dividend will ...
Poly Property Services Sets 2025 AGM to Approve Dividend, Board Changes and Share Mandates
May 7, 2026
Poly Property Services Co., Ltd. has convened its 2025 annual general meeting for 29 May 2026 in Guangzhou, where shareholders will review the board’s report, audited consolidated financial statements, and the full annual report for 2025. Th...
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...
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.