C&D Property Management's Profit Surges 89% in 2023

C&D Property Management (HKG:2156) recorded an 89% rise in attributable profit for 2023 to 467.3 million yuan from 247.2 million yuan in 2022, according to the company's annual report. Earnings per sh

MT NewswiresMay 2 06:18 ET

建發物業：2023年度報告

Futu NewsApr 29 06:51 ET · Announcements

C&D Property (2156.HK): Stable core, crossing the cycle

In recent years, with the deep adjustment of the real estate industry, the property industry has also ushered in a series of new changes. Pursuing quality growth has become one of the key strategies for enterprises to cope with the new environment. Property companies have also begun to return to their service roots, focusing on improving service quality to meet customer needs and ensure continuous steady development in the downturn cycle. In this new cycle of industry development, there is no shortage of outstanding property companies showing a benchmark role. C&D Property is one of them. Recently, the company handed over an impressive report card: financial reports show that in 2023, C&D Property achieved operating income of 3,569 billion yuan, an increase of 5 per cent over the previous year

Gelonghui FinanceApr 29 04:10 ET

Performance is polarized, is your residential property OK?

High-quality property companies that have returned to the cash cow logic at this stage may be able to regain the favor of fundamental investors through steady management and high dividends; for investors with higher risk appetite, those property companies that continue to make progress in expanding and cultivating value-added businesses with third parties may also have a high value of attention.

Zhitong FinanceApr 23 06:40 ET

Dongwu Securities: Three important questions to consider when investing in property stocks at this stage

The Zhitong Finance App learned that Dongwu Securities released a research report saying that as the industry begins to return to a normal pace of development, the property business model should match a higher dividend rate, and increasing and maintaining a higher dividend rate should be a normal decision for property companies to adapt to the new stage of industry and company development. Looking at the current situation, considering the relationships with real estate related parties, the comprehensive strength of third parties to expand, and the ability and willingness to continue to pay high dividends, central and state-owned real estate enterprises have relatively higher investment value, but the investment value of individual outstanding private property enterprises should not be ignored. Based on analytical logic, recommendations: Poly Industries (06049), China Resources Wan

Zhitong FinanceApr 22 03:30 ET

[Broker Focus] Dongwu Securities maintains C&D Property (02156) “buy” rating indicating that its overall gross margin remains stable

Jinwu Financial News | According to Dongwu Securities Research Report, C&D Property (02156) announced its 2023 results. In 2023, we achieved revenue of 3.57 billion yuan, an increase of 55.8% year on year; net profit to mother was 467 million yuan, an increase of 89.0% year on year. The results exceeded market expectations. According to the bank, the supply of the company's majority shareholders' projects is stable, the management area is growing steadily, various community value-added services go hand in hand, and the overall gross margin remains stable. According to the company's latest annual report, the bank raised its 2024-2025 net profit forecast to 5.9/720 million yuan (the original value was 43/55 million)

金吾財訊Mar 25 02:45 ET