[Brokerage Focus] HTSC: Focus on the opportunities brought by the marginal improvement in the property management Sector + the high dividend and pure domestic demand safe-haven attributes in times of change.

Jinwu Financial News | HTSC stated that the Earnings Reports for the property management Industry in 2024 continued the trend of slowing growth in managed area and revenue since 2022, continuing to digest the impact of real estate and the "aftermath" of extensive expansion. Overall performance met market expectations, with highlights being the high dividends and the ongoing improvement in the profitability of state-owned enterprises. Looking ahead, there is a bullish outlook on the weakening drag from real estate, potential recovery in Consumer spending, and the ongoing validation of high dividend attributes, providing investment opportunities from the marginal improvements in the property management Sector. Especially in the current era of significant change, the Sector's high dividend and pure domestic demand hedging attributes deserve more attention. Recommendations to focus on: 1. Attributes of Consumer discretionary.

Jingu Financial NewsApr 11 08:37

[Brokerage Focus] Guosen maintains a "Outperform" rating for POLY PPT SER (06049), pointing out that market expansion and increasing competition have led to pressure on gross margin.

Jingwu Financial News | Guosen Securities reported that POLY PPT SER (06049) will achieve revenue of 16.3 billion yuan in 2024, a year-on-year increase of 8%; it will achieve a Net income of 1.5 billion yuan, a year-on-year increase of 7%. Analyzing by Business Sector, the company's property management service revenue is 11.7 billion yuan, a year-on-year increase of 15%; Community value-added service revenue is 2.7 billion yuan. The company's overall gross margin for 2024 is 18.3%, a year-on-year decrease of 1.3 percentage points; net margin is 9.0%, a year-on-year decrease of 0.2 percentage points; management expense ratio is 6.9%, a year-on-year decrease of 1.2 percentage points. The company's dividend payout ratio has steadily increased for three consecutive years.

Jingwu Financial NewsApr 10 15:28 · Ratings

POLY PPT SER (06049.HK): Shareholder returns increase while improving market quality and growth.

The net income attributable to shareholders increased by 7%, enhancing shareholder returns. In 2024, the company achieved revenue of 16.3 billion yuan, an 8% year-on-year increase; the net income attributable to shareholders was 1.5 billion yuan, a 7% year-on-year increase. Looking at the business sectors, the company's property management services received

GuosenApr 10 13:17

Guotai Junan maintains a Shareholding rating for POLY PPT SER (06049) and lowers the Target Price to HKD 36.68.

The bank stated that in terms of market expansion, the company's contract amount for third-party projects in 2024 is approximately 3,005.2 million yuan, setting a new record.

Zhitong FinanceApr 10 10:08 · Ratings

POLY PPT SER (06049.HK) received Shareholding of 0.3052 million shares of H shares from Capital Research Global Investors, valued at approximately 9.2039 million Hong Kong dollars.

On April 9, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on April 9, Capital Research Global Investors increased its shareholding in POLY PPT SER (06049.HK) by 305,200 shares of H shares at an average price of HKD 30.1571 per share on April 7, amounting to approximately HKD 9.2039 million. After the increase, the latest number of shares held by Capital Research Global Investors is 12.4928 million shares, and the good holdings ratio rose from 7.95% to 8.15%. Image source: Stock disclosure from the Exchange. What is equity disclosure? According to Hong Kong...

Futu NewsApr 9 17:06

Hong Kong Market Quick Look | All three major indices rose, with the Tech Index up 2.64%. Northbound capital crazily bought over 35.5 billion Hong Kong dollars, setting a record; tech and Semiconductors stocks were strong, with Xiaomi rising nearly 8% and

Network Technology stocks rose, XIAOMI-W increased by 7.71%, MEITUAN-W rose by 4.13%; Digital Health stocks were all up, JD HEALTH gained 4.70%, ALI HEALTH increased by 3.17%; Sporting Goods stocks performed well, XTEP INT'L rose by 6.22%, ANTA SPORTS increased by 4.15%.

Futu NewsApr 9 16:29