Back    Zoom +    Zoom -
<Research>Industrial Securities Initiates Coverage on POLY PROPERTY (00119.HK) with Overweight; GM Forecast to Hold Sturdy
Recommend
1
Positive
4
Negative
2
Industrial Securities, in its report, initiated coverage on POLY PROPERTY (00119.HK) with an Overweight rating. The broker noted that the company's revenue mounted 20.3% YoY in 2025, while gross margin added 0.6 ppts YoY to 17%, with earnings quality steadily recovering.

The broker believed that the company's new investments are precisely targeted at core cities and have achieved shiny sales performance, which is conducive to optimizing the structure of future carryover projects, with booked gross margin expected to stabilize.

Related News M Stanley Cuts TP on Select CN Home Developers, Expects Sector to Remain Under Pressure in 2Q26
It forecast the company's net profit attributable to parent company to be RMB169 million, RMB196 million and RMB215 million for 2026, 2027 and 2028, representing YoY changes of -24.8%, +15.7% and +9.8%, respectively.

Auto-translated by AI

AASTOCKS Financial News