Poly Property Services Co., Ltd. Class H (6049) AI Stock Analysis

• Market Cap: HK$18.69B
• Dividend Yield: 4.43%
• Average Volume (3M): 866.30K
• Price to Earnings (P/E): 11.3
• Beta (1Y): 1.19
• Revenue Growth: 6.54%
• EPS Growth: 3.26%
• Country: HK
• Employees: 30,125
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 1.81
• Shares Outstanding: 347,000,100
• 10 Day Avg. Volume: 541,338
• 30 Day Avg. Volume: 866,298
• PEG Ratio: 1.57
• Price to Book (P/B): 1.62
• Price to Sales (P/S): 0.96
• P/FCF Ratio: 11.25
• 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: HK$42.77
• Price Target Upside: 27.36% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 78 Outperform
• Price Target: HK$43.00 ▲(28.05% Upside)

Poly Property Services Co., Ltd. demonstrates strong financial performance with robust revenue and profit growth, supported by efficient cost management. The technical analysis indicates a strong upward trend, and the valuation is attractive with a reasonable P/E ratio and a solid dividend yield. These factors collectively contribute to a favorable stock score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates expanding market reach and successful service offerings, supporting long-term business sustainability.

Operational Efficiency

Improved margins reflect efficient operations, enhancing profitability and providing a competitive edge in the property management sector.

Balance Sheet Health

A strong balance sheet with low leverage reduces financial risk, providing stability and flexibility for future growth opportunities.

Negative Factors

Liability Increase

Increasing liabilities, though currently manageable, could pose future risks if not controlled, potentially impacting financial stability.

Lack of Recent Cash Flow Data

Without updated cash flow data, it's difficult to evaluate current liquidity and financial flexibility, which are crucial for ongoing operations.

Market Sentiment

While not a fundamental issue, persistent negative market sentiment could affect investor confidence and impact future capital raising efforts.

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 other properties under the Harmony Courtyard, Oriental Courtesy, Nebula Ecology, and Towns Revitalisation brands. It also provides community and value-added services to non-property owners, such as pre-delivery services to property developers for assisting in property sales and marketing activities at property sales venues and display units, which primarily include visitor reception, cleaning, and security inspection and maintenance, as well as other value-added services to nonproperty owners, such as consultancy, inspection, delivery, and asset operation services. In addition, the company offers fitness, housekeeping, landscaping, and catering management services. As of December 31, 2021, it had a total of 2,428 contracted projects with an aggregate contracted gross floor area of approximately 656.3 million square meters covering 196 cities across 29 provinces, municipalities, and autonomous regions in China. The company was formerly known as Poly Property Development Co., Ltd. and changed its name to Poly Property Services Co., Ltd. in July 2020. The company was incorporated in 1996 and is based in Guangzhou, China. Poly Property Services Co., Ltd. is a subsidiary of Poly Developments and Holdings Group Co., Ltd.

How the Company Makes Money

Poly Property Services generates revenue through several key streams. The primary revenue source comes from property management fees, which are charged for managing residential and commercial properties. This includes maintenance, tenant services, and administrative support. Additionally, the company earns income from leasing activities, where it facilitates the rental of properties on behalf of owners and collects commissions on leases. Another significant revenue stream is derived from property sales, where Poly Property Services earns commissions and fees from the sale of residential and commercial properties. Strategic partnerships with real estate developers and other stakeholders in the property sector also enhance its revenue potential, as these collaborations often lead to exclusive management contracts and increased service offerings.

Poly Property Services Co., Ltd. Class H Financial Statement Overview

Summary

Poly Property Services Co., Ltd. showcases a robust financial performance with strong revenue and profit growth, supported by efficient cost management and operational efficiency. The balance sheet is stable with low leverage, indicating financial resilience. Cash flow generation has been consistent historically, though more recent data is needed for a comprehensive current assessment.

Income Statement

The company has demonstrated strong revenue growth over the years, with a 24.2% increase from 2020 to 2021 and a consistent upward trend into 2024. Gross profit margin improved, indicating effective cost management, and net profit margins are healthy. EBIT and EBITDA margins reflect robust operational efficiency. Overall, the income statement shows a solid performance with consistent profitability.

Balance Sheet

The balance sheet is strong, with a significant equity base and a low debt-to-equity ratio due to minimal debt levels. Return on equity remains positive, reflecting efficient use of equity capital. The equity ratio indicates a well-capitalized company, suggesting low financial risk. However, the slight increase in total liabilities over the years warrants monitoring.

Cash Flow

The company has displayed consistent free cash flow generation, indicating strong cash-generating ability. However, the absence of recent data for operating, investing, and financing cash flows poses a challenge in assessing current cash flow health. The historical trend shows positive operating cash flow relative to net income, but more recent data would provide a clearer picture.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	16.86B	16.34B	15.06B	13.69B	10.78B	8.04B
Gross Profit	3.00B	2.98B	2.95B	2.57B	2.01B	1.50B
EBITDA	1.99B	1.93B	2.23B	1.90B	1.50B	1.04B
Net Income	1.52B	1.47B	1.38B	1.11B	845.69M	673.52M
Balance Sheet
Total Assets	17.62B	16.78B	14.88B	13.11B	11.14B	9.44B
Cash, Cash Equivalents and Short-Term Investments	9.85B	9.89B	11.18B	9.11B	7.69B	7.45B
Total Debt	101.52M	105.65M	111.70M	107.22M	114.59M	238.12M
Total Liabilities	7.56B	6.91B	6.00B	5.26B	4.25B	3.20B
Stockholders Equity	9.87B	9.70B	8.72B	7.69B	6.79B	6.17B
Cash Flow
Free Cash Flow	1.58B	1.40B	2.34B	1.40B	1.37B	487.14M
Operating Cash Flow	1.68B	2.30B	2.42B	1.47B	1.45B	548.83M
Investing Cash Flow	-2.04B	-2.82B	56.29M	-97.84M	-858.30M	59.80M
Financing Cash Flow	-586.73M	-604.66M	-418.27M	-137.62M	-339.81M	302.33M

Poly Property Services Co., Ltd. Class H Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 33.58
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6049, the sentiment is Positive. The current price of 33.58 is above the 20-day moving average (MA) of 33.30, below the 50-day MA of 34.39, and above the 200-day MA of 33.23, indicating a neutral trend. The MACD of -0.31 indicates Negative momentum. The RSI at 51.11 is Neutral, neither overbought nor oversold. The STOCH value of 74.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:6049.

Poly Property Services Co., Ltd. Class H Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6049	78 Outperform	HK$18.69B	11.35	15.94%	4.43%	6.54%	3.26%
2869	70 Outperform	HK$14.66B	17.08	10.30%	2.78%	-0.95%	14.89%
2669	69 Neutral	HK$15.70B	9.43	30.27%	3.82%	―	―
6098	66 Neutral	HK$21.00B	14.16	3.72%	4.94%	7.23%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
2602	58 Neutral	HK$22.36B	17.62	7.08%	1.77%	5.75%	-31.63%
6666	51 Neutral	HK$12.65B	11.79	185.17%	―	4.74%	-21.33%

Poly Property Services Co., Ltd. Class H Corporate Events

Poly Property Services Shareholders Approve Deposit Framework and 2025 Auditor Appointments

Poly Property Services Co., Ltd. announced that shareholders approved all resolutions at its third extraordinary general meeting of 2025 held in Guangzhou on 30 December, with approximately 84.93% of issued shares carrying voting rights represented. Independent shareholders passed a 2026–2028 Deposit Service Framework Agreement, despite a significant minority voting against, after major shareholder China Poly Group and related parties were required to abstain, and the meeting also confirmed the appointment of BDO China SHU LUN PAN Certified Public Accountants LLP and BDO Limited as the company’s domestic and overseas auditors for 2025, reinforcing the company’s governance framework and banking and audit arrangements for the coming years.

The most recent analyst rating on (HK:6049) stock is a Buy with a HK$43.00 price target. To see the full list of analyst forecasts on Poly Property Services Co., Ltd. Class H stock, see the HK:6049 Stock Forecast page.

Poly Property Services Announces EGM to Discuss Key Resolutions

Poly Property Services Co., Ltd. has announced the convening of its third extraordinary general meeting (EGM) for 2025, scheduled for December 30. The meeting will address key resolutions, including the approval of a Deposit Service Framework Agreement for 2026-2028 and the appointment of auditors for 2025. These decisions are crucial for the company’s financial management and compliance, potentially impacting its operational efficiency and stakeholder trust.

The most recent analyst rating on (HK:6049) stock is a Buy with a HK$43.00 price target. To see the full list of analyst forecasts on Poly Property Services Co., Ltd. Class H stock, see the HK:6049 Stock Forecast page.

Poly Property Services Announces EGM and Register Closure

Poly Property Services Co., Ltd. has announced the closure of its register of members in preparation for an extraordinary general meeting (EGM) scheduled for December 30, 2025. This meeting will address a resolution concerning a change of auditors, and shareholders are required to ensure their eligibility to vote by completing necessary share transfer procedures by December 22, 2025. This announcement reflects the company’s ongoing efforts to maintain transparency and shareholder engagement in its governance processes.

The most recent analyst rating on (HK:6049) stock is a Buy with a HK$43.00 price target. To see the full list of analyst forecasts on Poly Property Services Co., Ltd. Class H stock, see the HK:6049 Stock Forecast page.

Poly Property Services Announces Auditor Change to Enhance Governance

Poly Property Services Co., Ltd., a company incorporated in China, has announced a change in its auditors to enhance corporate governance and audit efficiency. Baker Tilly China and Baker Tilly Hong Kong have resigned as auditors, and BDO China SHU LUN PAN Certified Public Accountants LLP and BDO Limited have been proposed as their replacements. This change is not expected to impact the company’s financial reporting for the year ending December 2025, and the formal appointment will be considered at an extraordinary general meeting.

The most recent analyst rating on (HK:6049) stock is a Hold with a HK$37.00 price target. To see the full list of analyst forecasts on Poly Property Services Co., Ltd. Class H stock, see the HK:6049 Stock Forecast page.

Poly Property Services Announces Strategic Deposit Service Agreement with Poly Finance

Poly Property Services Co., Ltd. has announced a new 2026-2028 Deposit Service Framework Agreement with Poly Finance, effective from January 1, 2026, to December 31, 2028. This agreement, which caps the maximum daily balance of deposits at RMB2,030.0 million, is considered a continuing connected transaction under the Hong Kong Listing Rules. The agreement requires independent shareholders’ approval at an Extraordinary General Meeting (EGM) scheduled for December 30, 2025, with China Poly Group abstaining from voting due to its controlling interest. This strategic financial arrangement is expected to enhance the company’s operational efficiency and strengthen its industry positioning.

The most recent analyst rating on (HK:6049) stock is a Hold with a HK$37.00 price target. To see the full list of analyst forecasts on Poly Property Services Co., Ltd. Class H stock, see the HK:6049 Stock Forecast page.

Poly Property Services Fails to Unlock Third Tranche of Restricted Shares

Poly Property Services Co., Ltd. announced that it did not meet the unlocking conditions for the third tranche of its Initial Grant under the Restricted Share Incentive Scheme due to unmet performance assessment indicators in 2024. Consequently, 1,604,732 shares, representing approximately 0.29% of the company’s total share capital, will not be unlocked and will be repurchased by the Trustee at the Grant Price. This decision, confirmed by the audit committee and independent non-executive directors, will not materially impact the company’s financial position or operating results.

The most recent analyst rating on (HK:6049) stock is a Hold with a HK$37.00 price target. To see the full list of analyst forecasts on Poly Property Services Co., Ltd. Class H stock, see the HK:6049 Stock Forecast page.