- Poly Developments reported a 14% decrease in contract sales for a recent period.
- The company’s contracted sales amounted to 35.3 billion yuan, representing a 13% year-over-year decrease.
- Year-to-date contracted sales stand at 131.3 billion yuan, which is a 33% decline compared to the previous year.
- Analyst ratings for Poly Developments include 25 buys, 5 holds, and 1 sell.
- All comparisons are based on values reported by the company in their original disclosures.
Poly Real Estate Group Co., Ltd on Smartkarma
Analysts on Smartkarma have provided coverage on Poly Real Estate Group Co., Ltd, with insights from Caixin Global. According to a report by Caixin Global, titled “Poly Development Plans $279 Million Share Buyback to Shore up Price”, the stock of Poly Development and Holdings Group Co. Ltd. saw a 7.6% surge after announcing a share buyback of up to 2 billion yuan ($279 million). This move is aimed at stabilizing the declining equity price, with shares closing at 10.34 yuan in Shanghai on Tuesday, up from 9.61 yuan the previous day. The stock had significantly dropped from its peak of 18.59 yuan in April 2022 due to the ongoing challenges in the property market. Poly Development, China’s top developer by sales this year, intends to repurchase 1 to 2 billion yuan worth of its shares within three months.
A look at Poly Real Estate Group Co., Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
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
Based on the Smartkarma Smart Scores, Poly Real Estate Group Co., Ltd. is positioned favorably for long-term growth and value appreciation. With top scores of 5 in both Value and Dividend factors, the company showcases strong fundamentals and promising returns for investors. Additionally, a momentum score of 5 signals positive market sentiment and potential for upward price movement in the future.
While Poly Real Estate Group Co., Ltd. shows slightly lower scores in Growth and Resilience factors, with scores of 3 and 2 respectively, its core business of developing and selling residential homes, along with leasing and property management services, provides a stable revenue stream and long-term sustainability in the real estate sector.
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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