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Earnings Growth of 7.5% Over 3 Years Hasn't Been Enough to Translate Into Positive Returns for Poly Property Services (HKG:6049) Shareholders
The Central Finger Research: In December, the SSE Conglomerates Index for property service prices in twenty cities slightly declined, with Wuhan experiencing the largest decrease.
In December 2024, the Property Service price SSE Conglomerates Index for twenty cities was 1075.37, a year-on-year decrease of 0.01% and a month-on-month decrease of 0.03%, with both year-on-year and month-on-month figures shifting from an increase to a decrease.
[Brokerage Focus] SWHY expects the Real Estate Industry to bottom out and maintains a 'Bullish' rating on Real Estate and property management.
Gold Eagle Financial News | SWHY stated that over the past three years, China's Real Estate sector has undergone deep adjustments, and the effects of relaxed policies during this period have been limited. The bank believes that the core issue lies not in insufficient demand, but in the weakening of residents' balance sheets. The statements in September to 'stop the decline and stabilize' and in December to 'stabilize the Real Estate and stock markets' clarified the policy approach to repairing residents' balance sheets, demonstrating stronger policy effectiveness than before. The policy has entered a more targeted trajectory, and it is expected that more proactive and substantial policies will be introduced subsequently, with the Industry likely to reach a bottom. Considering that mid-term demand has support but short-term supply has constraints, the bank forecasts that the total will still be skewed next year.
The research institute found that the disclosure rate of the ESG reports of listed Property Service companies reached 95.65% overall.
The Zhongzhi Research Institute has released the 2024 ESG evaluation research report for listed Property Service companies in China.
Poly Property Services Eyes Change in Business Scope
POLY PPT SER (06049.HK) was subject to a Shareholding reduction of 0.1052 million shares by JPMorgan.
On December 12, according to the latest equity disclosure information from the Stock Exchange, on December 6, 2024, POLY PPT SER (06049.HK) was reduced by JPMORGANCHASECO by 0.1052 million shares at an average price of HKD 32.4482 per share, involving approximately HKD 3.415 million. After the shareholding reduction, the latest number of shares held by JPMORGANCHASECO is 10,727,196 shares, and the shareholding proportion decreased from 7.06% to 6.99%.
What You Need To Know About The Poly Property Services Co., Ltd. (HKG:6049) Analyst Downgrade Today
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