Earnings Alerts

Poly Real Estate Group Co., Ltd (600048) Earnings: August Contract Sales Down 29.4%

By September 9, 2024 No Comments
  • Poly Developments reported a 29.4% decline in contract sales in August 2024.
  • The company achieved contracted sales of 22.15 billion yuan in August 2024.
  • Year-to-date contracted sales stood at 220.77 billion yuan.
  • Market analysts’ recommendations are as follows: 25 buy ratings, 5 hold ratings, and 1 sell rating.

A look at Poly Real Estate Group Co., Ltd Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth2
Resilience2
Momentum3
OVERALL SMART SCORE3.4

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

With a solid 5 out of 5 Smart Score for both Value and Dividend, Poly Real Estate Group Co., Ltd seems to be positioned well for long-term success. The company, known for its development and sale of residential homes, also scores a 3 out of 5 for Momentum, indicating a positive upward trend. However, its Growth and Resilience scores of 2 show some areas for potential improvement.

Poly Real Estate Group Co., Ltd, primarily focused on residential property development, leasing, and property management, appears to offer investors a combination of value and stable income through dividends. While there are some growth and resilience concerns, the overall outlook seems positive for investors looking for a reliable and dividend-yielding real estate 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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