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Poly Property Group Co
(0119)
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Rating:43Neutral
Price Target:
HK$1.00
â–¼(-25.93% Downside)
Action:Reiterated
Date:06/19/26
The score is weighed down mainly by weak financial quality (compressed margins, low ROE, and high leverage) and bearish technicals (below major moving averages with negative MACD). Valuation is not especially supportive due to a high P/E and modest dividend yield, despite some recent improvement in cash flow.
Positive Factors
Revenue Recovery
Revenue growth returning in 2025 indicates the group still has an operating base capable of recovering after the choppy 2023–2024 period. If maintained, renewed top-line expansion can support project delivery, absorb fixed costs, and preserve development scale over the next several quarters.
Negative Factors
Elevated Leverage
Debt-to-equity of approximately 1.93x leaves the developer financially stretched relative to its current earnings base. Elevated leverage can constrain investment choices, increase sensitivity to property-market weakness, and make balance-sheet repair dependent on asset sales or improved profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Recovery
Revenue growth returning in 2025 indicates the group still has an operating base capable of recovering after the choppy 2023–2024 period. If maintained, renewed top-line expansion can support project delivery, absorb fixed costs, and preserve development scale over the next several quarters.
Read all positive factors
Poly Property Group Co (0119) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$4.95B
Dividend Yield2.02%
Average Volume (3M)16.75M
Price to Earnings (P/E)―
Beta (1Y)1.34
Revenue Growth0.12%
EPS Growth-5006.82%
CountryHK
Employees6,442
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.06
Shares Outstanding3,821,183,000
10 Day Avg. Volume23,805,626
30 Day Avg. Volume16,748,260
Financial Highlights & Ratios
PEG Ratio1.23
Price to Book (P/B)0.20
Price to Sales (P/S)0.15
P/FCF Ratio1.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$1.90Price Target Upside40.74% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.35
Revenue Forecast (FY)HK$41.48B
Poly Property Group Co Business Overview & Revenue Model
Company Description
Poly Property Group Co., Limited, an investment holding company, engages in the property investment, development, and management business in Hong Kong, the People's Republic of China, and internationally. The company operates through Property Deve...
How the Company Makes Money
Poly Property Group generally generates revenue from (1) property development and sales, where it develops real estate projects and recognizes revenue from the sale and delivery of completed residential and commercial units; cash inflows are typic...
Poly Property Group Co Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
38
Negative
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 52.47B | 42.78B | 45.03B | 47.83B | 36.48B |
| Gross Profit | 8.93B | 7.15B | 9.20B | 12.89B | 12.35B |
| EBITDA | 4.19B | 2.67B | 5.86B | 8.92B | 9.97B |
| Net Income | 244.26M | 194.58M | 1.59B | 949.08M | 2.48B |
Balance Sheet | |||||
| Total Assets | 202.49B | 211.43B | 227.12B | 228.05B | 193.27B |
| Cash, Cash Equivalents and Short-Term Investments | 34.71B | 36.72B | 34.80B | 35.50B | 29.75B |
| Total Debt | 72.47B | 74.98B | 74.11B | 94.04B | 69.66B |
| Total Liabilities | 149.32B | 161.90B | 176.74B | 161.33B | 155.12B |
| Stockholders Equity | 37.56B | 36.40B | 37.63B | 42.11B | 31.50B |
Cash Flow | |||||
| Free Cash Flow | 4.77B | 8.12B | 6.69B | -17.64B | -5.47B |
| Operating Cash Flow | 4.80B | 8.14B | 6.72B | -17.03B | -5.41B |
| Investing Cash Flow | -1.92B | -537.23M | 642.82M | 2.50B | 5.02B |
| Financing Cash Flow | -6.45B | -4.80B | -7.33B | 13.46B | -7.67B |
Poly Property Group Co Technical Analysis
Negative
1.35
Price Trends
1.48
Negative
1.73
Negative
1.85
Negative
Market Momentum
-0.06
Positive
32.21
Neutral
20.51
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0119, the sentiment is Negative. The current price of 1.35 is below the 20-day moving average (MA) of 1.43, below the 50-day MA of 1.48, and below the 200-day MA of 1.85, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 32.21 is Neutral, neither overbought nor oversold. The STOCH value of 20.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0119.
Poly Property Group Co Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$4.85B | -4.72 | -3.56% | 6.13% | -65.47% | -149.64% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
58 Neutral | HK$5.85B | 41.87 | 0.78% | 5.48% | -48.06% | 7.94% | |
51 Neutral | HK$6.51B | -7.19 | -2.27% | 1.46% | -16.52% | -406.41% | |
48 Neutral | HK$7.85B | -1.76 | -25.15% | 13.43% | -68.98% | 42.97% | |
48 Neutral | HK$5.78B | -1.56 | -10.38% | 8.82% | 78.67% | -11.80% | |
43 Neutral | HK$4.95B | -6.00 | -2.19% | 2.02% | 0.12% | -5006.82% |
* Real Estate Sector Average
HK:0119
Poly Property Group Co
1.29
-0.35
-21.53%
HK:0173
K Wah International Holdings
2.05
-0.18
-7.99%
HK:0034
Kowloon Development Co
4.38
0.95
27.55%
HK:3380
Logan Property Holdings Co
1.36
0.41
43.16%
HK:0604
Shenzhen Investment
0.66
-0.24
-26.40%
HK:0028
Tian An China Investments Co
3.26
-1.72
-34.53%
Poly Property Group Co Corporate Events
Poly Property Group posts RMB29.3 billion in unaudited contracted sales through August 2026
Sep 7, 2026
Poly Property Group Co., Limited reported unaudited contracted sales of approximately RMB3.1 billion for August 2026, generated from about 114,000 square metres of property sold at an average price of RMB27,540 per square metre. The announcement u...
Poly Property Swings to Interim Loss Despite RMB23.2 Billion in Contracted Sales
Aug 28, 2026
Poly Property Group reported contracted sales of RMB23.2 billion in the first half of 2026, with 799,000 square metres sold at an average price of about RMB29,051 per square metre, and expanded its pipeline with new projects totalling 285,000 squa...
Poly Property Wins RMB12.67 Million Connected Project Management Deal for Beijing Arts and Crafts Building
Aug 25, 2026
Poly Property Group’s wholly owned subsidiary Poly Shandong has secured a project management services contract from China Crafts, an indirect wholly owned subsidiary of controlling shareholder China Poly, following a public tender. The agree...
Poly Property Group Sets Board Meeting to Approve 2026 Interim Results
Aug 14, 2026
Poly Property Group Co., Limited has scheduled a board meeting for 28 August 2026 at its registered office to review and approve the interim results for the six months ended 30 June 2026. The board will also consider the declaration of an interim ...
Poly Property Group Posts RMB26.2 Billion in Contracted Sales by July 2026
Aug 6, 2026
Poly Property Group reported unaudited contracted sales of about RMB3.0 billion in July 2026, with roughly 100,000 square metres sold at an average price of RMB30,036 per square metre. The data covers the company, its joint ventures and associated...
Poly Property Group Subsidiary Issues RMB1 Billion Medium-Term Notes
Jul 22, 2026
Poly Property Group Co., Limited announced that its wholly-owned PRC subsidiary, Shanghai Poly Property, has successfully issued the third tranche of its 2026 medium-term notes. The notes, with an aggregate principal of RMB1.0 billion, carry a fiv...
Poly Property Group Posts RMB23.2 Billion in Unaudited Contracted Sales by June 2026
Jul 6, 2026
Poly Property Group Co., Limited reported unaudited contracted sales of approximately RMB3.6 billion for June 2026, representing about 115 thousand square metres sold at an average price of RMB31,132 per square metre. These figures reflect the per...
Poly Property Group Names Industry Veteran Liu Wensheng as Non-Executive Director
Jul 2, 2026
Poly Property Group has appointed veteran executive and qualified accountant Liu Wensheng as a non-executive director with effect from 2 July 2026, reflecting its continued alignment with the broader China Poly Group network. Liu brings extensive ...
Poly Property Group Reshapes Board and Governance Committees
Jul 2, 2026
Poly Property Group has updated the composition of its board of directors effective 2 July 2026, naming Mr. Wan Yuqing as chairman and Mr. Hu Zaixin as general manager among a mix of executive, non-executive and independent non-executive directors...
Poly Property Warns of Interim Loss Amid Mainland Property Market Weakness
Jul 2, 2026
Poly Property Group Co., Limited, a Hong Kong-based real estate developer focused on mainland Chinese property projects, relies on the timing of project deliveries for revenue recognition. The Group completed around RMB 23.2 billion in contracted ...
Poly Property Shareholders Back All AGM Resolutions, Renew Board and Capital Mandate
Jun 17, 2026
Poly Property Group Co., Limited reported that all resolutions at its 17 June 2026 annual general meeting were approved by shareholders via poll, with no mandatory abstentions or opposing intentions declared beforehand. Investors endorsed the 2025...
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.