- Poly Developments reported a net income of 12.07 billion yuan for the financial year.
- This figure falls short of estimates, which predicted a net income of over 14.35 billion yuan.
- Revenue, however, surpassed estimates, coming in at 346.83 billion yuan against expected 334.21 billion yuan.
- The reported net income signifies a decrease of 34.1% from previous records.
- Earnings Per Share (EPS) for the period was 1.01 yuan.
- Taking into account market feedback, Poly Developments received 26 ‘buy’ ratings, 5 ‘hold’ ratings, and no ‘sell’ ratings.
Poly Real Estate Group Co., Ltd on Smartkarma
Analyst coverage on Smartkarma shines a spotlight on Poly Real Estate Group Co., Ltd, with Caixin Global‘s recent report by an unnamed author. The report delves into Poly Development’s strategic move to conduct a substantial $279 million share buyback, propelling the stock price up by 7.6%. As China’s top developer by sales in the current year, Poly Development aims to bolster its sliding equity value amidst market uncertainties. The stock, which has fallen significantly from its peak in April 2022, closed at 10.34 yuan in Shanghai on Tuesday, up from 9.61 yuan the previous day. The buyback plan, spanning the next three months, signals the company’s proactive stance in stabilizing market sentiment.
A look at Poly Real Estate Group Co., Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Poly Real Estate Group Co., Ltd. is a company that primarily focuses on developing and selling residential homes, along with engaging in leasing, rental of real estates, and property management. According to Smartkarma Smart Scores, Poly Real Estate Group Co., Ltd. receives a top score of 5 in both the Value and Dividend categories. This indicates that the company is considered to have strong value and dividend potential, making it an attractive option for investors seeking returns. However, the company scores a 3 in Growth, suggesting moderate growth prospects, and lower scores in Resilience and Momentum, indicating some challenges in these areas.
In summary, Poly Real Estate Group Co., Ltd. is viewed favorably for its value and dividend potential based on the Smartkarma Smart Scores. While the company shows promise in these areas, there are some concerns regarding growth, resilience, and momentum. Investors may find Poly Real Estate Group Co., Ltd. appealing for its strong value proposition and dividend outlook, but should also consider the other factors that contribute to the overall assessment of the company.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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