Announcement • May 22
Yuexiu Property Company Limited, Annual General Meeting, Jun 15, 2026 Yuexiu Property Company Limited, Annual General Meeting, Jun 15, 2026, at 10:15 China Standard Time. Location: plaza i-iv, basement 3, novotel century hong kong, 238 jaffe road, wanchai., Hong Kong Major Estimate Revision • May 01
Consensus EPS estimates fall by 22% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from CN¥0.104 to CN¥0.082 per share. Revenue forecast steady at CN¥81.9b. Net income forecast to grow 167% next year vs 35% growth forecast for Real Estate industry in Hong Kong. Consensus price target of HK$4.82 unchanged from last update. Share price rose 5.7% to HK$3.87 over the past week. Reported Earnings • Apr 02
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: CN¥0.014 (down from CN¥0.26 in FY 2024). Revenue: CN¥86.5b (flat on FY 2024). Net income: CN¥55.1m (down 95% from FY 2024). Profit margin: 0.1% (down from 1.2% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 93%. Revenue is expected to decline by 2.4% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Hong Kong are expected to grow by 2.8%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Announcement • Mar 19
Yuexiu Property Company Limited to Report Fiscal Year 2025 Final Results on Mar 31, 2026 Yuexiu Property Company Limited announced that they will report fiscal year 2025 final results on Mar 31, 2026 Announcement • Jan 23
Yuexiu Property Company Limited Provides Consolidated Earnings Guidance for the Year Ended 31 December 2025 Yuexiu Property Company Limited provided consolidated earnings guidance for the year ended 31 December 2025. The company expected that, for the Year 2025, the profit attributable to equity holders would decrease to approximately RMB 50 million to RMB 100 million, and the core net profit would decrease to approximately RMB 250 million to RMB 350 million, representing a year-on-year decrease of approximately 90% to 95% and approximately 80% to 85%, respectively, as compared to those for the year ended 31 December 2024 (the Year 2024). The decrease in profit attributable to equity holders and core net profit was mainly due to: (1) the property market remained in a profound adjustment phase in the Year 2025, with substantial recovery in market confidence and expectations still taking time. In addition, notable market differentiation existed among cities, resulting in a year-on-year decrease in the gross profit margin of the Group's recognised property sales in the Year 2025; and (2) the overall structure of the Group's projects that recognised sales in 2025 underwent a phased change, resulting in a decline in the average equity interest ratio of projects that recognised sales for the Year 2025 compared to the Year 2024, and a consequential decrease in profit attributable to equity holders. Upcoming Dividend • Oct 06
Upcoming dividend of HK$0.17 per share Eligible shareholders must have bought the stock before 13 October 2025. Payment date: 20 November 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.6%. Lower than top quartile of Hong Kong dividend payers (6.7%). Higher than average of industry peers (4.5%). Reported Earnings • Oct 02
First half 2025 earnings released: EPS: CN¥0.34 (vs CN¥0.46 in 1H 2024) First half 2025 results: EPS: CN¥0.34 (down from CN¥0.46 in 1H 2024). Revenue: CN¥47.6b (up 35% from 1H 2024). Net income: CN¥1.37b (down 25% from 1H 2024). Profit margin: 2.9% (down from 5.2% in 1H 2024). Revenue is expected to decline by 3.3% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Hong Kong are expected to grow by 3.1%. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Declared Dividend • Aug 28
Dividend of HK$0.17 announced Shareholders will receive a dividend of HK$0.17. Ex-date: 13th October 2025 Payment date: 20th November 2025 Dividend yield will be 3.3%, which is lower than the industry average of 6.6%. Sustainability & Growth Dividend is not covered by earnings (105% earnings payout ratio). However, it is well covered by cash flows (6% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 17% to bring the payout ratio under control. EPS is expected to grow by 139% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Aug 27
First half 2025 earnings released: EPS: CN¥0.34 (vs CN¥0.46 in 1H 2024) First half 2025 results: EPS: CN¥0.34 (down from CN¥0.46 in 1H 2024). Revenue: CN¥47.6b (up 35% from 1H 2024). Net income: CN¥1.37b (down 25% from 1H 2024). Profit margin: 2.9% (down from 5.2% in 1H 2024). Revenue is expected to decline by 3.4% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Hong Kong are expected to grow by 3.7%. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Announcement • Aug 26
Yuexiu Property Company Limited Declares Interim Dividend Ended 30 June 2025, Payable on or Around 20 November 2025 The Board of Yuexiu Property Company Limited has resolved to declare an interim dividend for 2025 of HKD 0.166 per share (equivalent to RMB 0.151 per share) (2024 interim: HKD 0.189 per share equivalent to RMB 0.173 per share) to shareholders whose names appear on the Register of Members of the Company on 17 October 2025. The interim dividend will be distributed to shareholders on or around 20 November 2025. Announcement • Aug 15
Yuexiu Property Company Limited to Report First Half, 2025 Results on Aug 26, 2025 Yuexiu Property Company Limited announced that they will report first half, 2025 results on Aug 26, 2025 Recent Insider Transactions • Jul 25
GM & Vice-Chairman recently bought HK$479k worth of stock On the 21st of July, Huisong Zhu bought around 103k shares on-market at roughly HK$4.65 per share. This transaction increased Huisong's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Huisong has been a buyer over the last 12 months, purchasing a net total of HK$480k worth in shares. Reported Earnings • May 03
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: CN¥0.26 (down from CN¥0.85 in FY 2023). Revenue: CN¥86.4b (up 7.7% from FY 2023). Net income: CN¥1.04b (down 67% from FY 2023). Profit margin: 1.2% (down from 4.0% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 67%. Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to HK$4.49, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Real Estate industry in Hong Kong. Total loss to shareholders of 35% over the past three years. Major Estimate Revision • Apr 07
Consensus EPS estimates fall by 40% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.797 to CN¥0.482 per share. Revenue forecast steady at CN¥89.8b. Net income forecast to grow 56% next year vs 45% growth forecast for Real Estate industry in Hong Kong. Consensus price target broadly unchanged at HK$6.46. Share price fell 5.3% to HK$5.01 over the past week. Reported Earnings • Apr 01
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: CN¥0.26 (down from CN¥0.85 in FY 2023). Revenue: CN¥86.4b (up 7.7% from FY 2023). Net income: CN¥1.04b (down 67% from FY 2023). Profit margin: 1.2% (down from 4.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 67%. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Mar 20
Yuexiu Property Company Limited to Report Fiscal Year 2024 Results on Mar 31, 2025 Yuexiu Property Company Limited announced that they will report fiscal year 2024 results on Mar 31, 2025 New Risk • Dec 20
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: HK$1.9m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.0% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (13% average weekly change). Profit margins are more than 30% lower than last year (3.4% net profit margin). Significant insider selling over the past 3 months (HK$1.9m sold). Recent Insider Transactions • Dec 18
Executive Chairman recently sold HK$996k worth of stock On the 12th of December, Zhaoyuan Lin sold around 171k shares on-market at roughly HK$5.82 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Zhaoyuan has been a net seller over the last 12 months, reducing personal holdings by HK$1.9m. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$5.93, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Real Estate industry in Hong Kong. Total returns to shareholders of 6.7% over the past three years. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to HK$6.45, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Real Estate industry in Hong Kong. Total returns to shareholders of 17% over the past three years. Upcoming Dividend • Oct 07
Upcoming dividend of HK$0.19 per share Eligible shareholders must have bought the stock before 14 October 2024. Payment date: 21 November 2024. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Hong Kong dividend payers (7.6%). Lower than average of industry peers (4.8%). New Risk • Oct 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.0% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (12% average weekly change). Profit margins are more than 30% lower than last year (3.4% net profit margin). Reported Earnings • Oct 01
First half 2024 earnings released: EPS: CN¥0.46 (vs CN¥0.63 in 1H 2023) First half 2024 results: EPS: CN¥0.46 (down from CN¥0.63 in 1H 2023). Revenue: CN¥35.3b (up 10% from 1H 2023). Net income: CN¥1.83b (down 16% from 1H 2023). Profit margin: 5.2% (down from 6.8% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Sep 27
Independent Non-Executive Director recently bought HK$1.5m worth of stock On the 20th of September, Lup Fat Yu bought around 340k shares on-market at roughly HK$4.43 per share. This transaction increased Lup Fat's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$2.6m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to HK$5.30, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Real Estate industry in Hong Kong. Total loss to shareholders of 5.3% over the past three years. Announcement • Sep 20
Yuexiu Property Company Limited Appoints Mr. Su Junjie as A Non-Executive Director Yuexiu Property Company Limited announced that Mr. Su Junjie has been appointed by the Board as a non-executive Director with effect from 20 September 2024. Mr. Su, aged 55, is currently the general manager of Guangzhou Asset Management Co. Ltd., an indirect subsidiary of Guangzhou Yue Xiu Holdings Limited which is the ultimate controlling shareholder of the Company. Mr. Su holds a Bachelor's degree in Economics majoring in Statistics and a Master's degree in Economics majoring in Finance from Dongbei University of Finance and Economics in China. Mr. Su joined Agricultural Bank of China Limited, Dalian Zhongshan Sub-Branch from August 1992 to February 2000 and his last positions were deputy director of sub-office and deputy manager of the marketing department. He joined China Great Wall Asset Management Co. Ltd. from February 2000 to February 2023 and had held various positions, including deputy director of the New Finance Research and Development Centre, assistant to general manager of the Strategic Development Department, deputy general manager of the Investment and Investment Banking Department, general manager of the Mergers and Acquisitions and Business Restructuring Department, deputy general manager of the Sichuan Branch and general manager of the Shanghai Branch. He joined Guangzhou Asset Management in May 2023 and has been the general manager since July 2023, in charge of its daily operation and management. Mr. Su has entered into a letter of appointment with the Company for an initial fixed term of three years commencing on 20 September 2024, unless and until terminated by not less than three months' prior notice in writing given by either Mr. Su or the Company to the other. Reported Earnings • Aug 30
First half 2024 earnings released: EPS: CN¥0.46 (vs CN¥0.63 in 1H 2023) First half 2024 results: EPS: CN¥0.46 (down from CN¥0.63 in 1H 2023). Revenue: CN¥35.3b (up 10% from 1H 2023). Net income: CN¥1.83b (down 16% from 1H 2023). Profit margin: 5.2% (down from 6.8% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 18% per year. New Risk • Aug 29
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.4% Last year net profit margin: 6.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.1% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.4% net profit margin). Announcement • Aug 28
Yuexiu Property Company Limited Announces Ordinary Interim Dividend for the Half Year Ended June 30, 2024, Payable on November 21, 2024 Yuexiu Property Company Limited announced ordinary interim dividend of HKD 0.189 per share for the half year ended June 30, 2024. Ex-dividend date: October 14, 2024. Record date is October 18, 2024. Payment date is November 21, 2024. Announcement • Aug 16
Yuexiu Property Company Limited to Report First Half, 2024 Results on Aug 28, 2024 Yuexiu Property Company Limited announced that they will report first half, 2024 results on Aug 28, 2024 Upcoming Dividend • Jun 25
Upcoming dividend of HK$0.15 per share Eligible shareholders must have bought the stock before 02 July 2024. Payment date: 31 July 2024. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Hong Kong dividend payers (7.9%). Lower than average of industry peers (6.1%). Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$6.41, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Real Estate industry in Hong Kong. Total loss to shareholders of 9.6% over the past three years. Reported Earnings • May 01
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: CN¥0.85 (down from CN¥1.28 in FY 2022). Revenue: CN¥80.2b (up 11% from FY 2022). Net income: CN¥3.19b (down 19% from FY 2022). Profit margin: 4.0% (down from 5.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Announcement • May 01
Yuexiu Property Company Limited, Annual General Meeting, Jun 26, 2024 Yuexiu Property Company Limited, Annual General Meeting, Jun 26, 2024, at 10:15 China Standard Time. Location: Plaza I-IV, Basement 3, Novotel Century Hong Kong, 238 Jaffe Road Wanchai Hong Kong Agenda: To receive and adopt the audited consolidated financial statements and the reports of the directors of the Company and independent auditor for the year ended 31 December 2023; to declare a final dividend; to re-elect Mr Lin Zhaoyuan as director; and to discuss other matters. Reported Earnings • Mar 27
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: CN¥0.85 (down from CN¥1.28 in FY 2022). Revenue: CN¥80.2b (up 11% from FY 2022). Net income: CN¥3.19b (down 19% from FY 2022). Profit margin: 4.0% (down from 5.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Announcement • Mar 26
Yuexiu Property Company Limited Proposes Final Dividend for the Year Ended December 31, 2023, Payable on July 31, 2024 Yuexiu Property Company Limited proposed final dividend of HKD 0.148 per share for the year ended December 31, 2023. The date of shareholders approval is June 26, 2024. Ex-dividend date is July 02, 2024. Record date is July 05, 2024. Payment date is July 31, 2024. Announcement • Mar 13
Yuexiu Property Company Limited to Report Fiscal Year 2023 Final Results on Mar 26, 2024 Yuexiu Property Company Limited announced that they will report fiscal year 2023 final results on Mar 26, 2024 Buy Or Sell Opportunity • Feb 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 26% to HK$5.23. The fair value is estimated to be HK$6.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 8.5% in the next 2 years. Buy Or Sell Opportunity • Feb 19
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 32% to HK$5.15. The fair value is estimated to be HK$6.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 8.5% in the next 2 years. Buy Or Sell Opportunity • Jan 31
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 40% to HK$4.87. The fair value is estimated to be HK$6.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 8.5% in the next 2 years. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to HK$4.20, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 5x in the Real Estate industry in Hong Kong. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$6.14 per share. Buying Opportunity • Jan 17
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 37%. The fair value is estimated to be HK$6.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 27% in 2 years. Earnings is forecast to grow by 15% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to HK$7.05, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Real Estate industry in Hong Kong. Total returns to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$6.78 per share. Recent Insider Transactions • Oct 30
Executive Vice Chairman & GM recently bought HK$369k worth of stock On the 24th of October, Feng Lin bought around 47k shares on-market at roughly HK$7.91 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Feng has been a buyer over the last 12 months, purchasing a net total of HK$1.4m worth in shares. Upcoming Dividend • Oct 09
Upcoming dividend of HK$0.23 per share at 6.2% yield Eligible shareholders must have bought the stock before 16 October 2023. Payment date: 21 November 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 6.2%. Lower than top quartile of Hong Kong dividend payers (8.2%). Higher than average of industry peers (5.4%). Recent Insider Transactions • Sep 08
Executive Chairman recently sold HK$2.8m worth of stock On the 30th of August, Zhaoyuan Lin sold around 280k shares on-market at roughly HK$10.07 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Zhaoyuan has been a net seller over the last 12 months, reducing personal holdings by HK$8.3m. Reported Earnings • Aug 26
First half 2023 earnings released: EPS: CN¥0.63 (vs CN¥0.55 in 1H 2022) First half 2023 results: EPS: CN¥0.63 (up from CN¥0.55 in 1H 2022). Revenue: CN¥32.1b (up 2.6% from 1H 2022). Net income: CN¥2.18b (up 28% from 1H 2022). Profit margin: 6.8% (up from 5.5% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Aug 26
Yuexiu Property Company Limited Announces Interim Dividend for the Half-Year Period Ended 30 June 2023 Payable on 21 November 2023 Yuexiu Property Company Limited announced interim dividend of HKD 0.232 per share for the half-year period ended 30 June 2023 payable on 21 November 2023. Record date is on 20 October 2023. Ex-dividend date is on 16 October 2023. Announcement • Aug 16
Yuexiu Property Company Limited to Report First Half, 2023 Results on Aug 25, 2023 Yuexiu Property Company Limited announced that they will report first half, 2023 results on Aug 25, 2023 Recent Insider Transactions • Jul 08
Executive Vice Chairman & GM recently bought HK$747k worth of stock On the 29th of June, Feng Lin bought around 84k shares on-market at roughly HK$8.93 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Feng has been a buyer over the last 12 months, purchasing a net total of HK$721k worth in shares. Announcement • Jun 28
Yuexiu Property Company Limited completed the Spin-Off of Yuexiu Real Estate Investment Trust (SEHK:405). The board of Yuexiu Property Company Limited (SEHK:123) announced the spin-off of a 5.16% stake in Yuexiu Real Estate Investment Trust (SEHK:405) on March 15, 2023. Yuexiu Property will reward shareholders on the 30th anniversary of listing and the 40th anniversary of the establishment of Yuexiu Property, through a special dividend in the form of a distribution in specie of units of Yuexiu Real Estate on the basis of 62 Units for every 1,000 Shares held by the qualifying shareholders, subject to the financial statements of Yuexiu Property. The record date for determining a Shareholder’s entitlement to the Distribution in Specie is Tuesday, June 13, 2023. The total number of units to be distributed by Yuexiu Property is 249,574,360 represent approximately 12.29% Units held by the Yuexiu Property in Yuexiu Real Estate and approximately 5.16% of the total number of issued Units. Upon completion of the Distribution in Specie, Yuexiu REIT will continue to be an associate of Yuexiu Property. Subject to overseas legal and regulatory restrictions, if any, it should be noted that it may not be possible or practicable to distribute units in Yuexiu REIT to certain overseas shareholders of Yuexiu Property.
Yuexiu Property Company Limited completed the Spin-Off of a 5.16% stake in Yuexiu Real Estate Investment Trust (SEHK:405) on June 27, 2023. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$9.27, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Real Estate industry in Hong Kong. Total returns to shareholders of 72% over the past three years. Upcoming Dividend • Jun 01
Upcoming dividend of HK$0.31 per share at 7.6% yield Eligible shareholders must have bought the stock before 08 June 2023. Payment date: 06 July 2023. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 7.6%. Lower than top quartile of Hong Kong dividend payers (7.9%). Higher than average of industry peers (5.6%). Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to HK$11.10, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Real Estate industry in Hong Kong. Total returns to shareholders of 92% over the past three years. Reported Earnings • Mar 16
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: CN¥1.28 (up from CN¥1.16 in FY 2021). Revenue: CN¥72.4b (up 26% from FY 2021). Net income: CN¥3.95b (up 10% from FY 2021). Profit margin: 5.5% (down from 6.3% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.7%. Earnings per share (EPS) missed analyst estimates by 6.1%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jan 11
Independent Non-Executive Director recently sold HK$6.3m worth of stock On the 4th of January, Lup Fat Yu sold around 600k shares on-market at roughly HK$10.42 per share. This transaction amounted to 75% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of HK$18m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 15% share price gain to HK$10.88, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Real Estate industry in Hong Kong. Total returns to shareholders of 53% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$7.71 per share. Recent Insider Transactions • Dec 06
Executive Chairman recently sold HK$3.5m worth of stock On the 29th of November, Zhaoyuan Lin sold around 361k shares on-market at roughly HK$9.74 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Zhaoyuan has been a net seller over the last 12 months, reducing personal holdings by HK$3.1m. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 16% share price gain to HK$9.80, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Real Estate industry in Hong Kong. Total returns to shareholders of 47% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$8.40 per share. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Ambrose Lau was the last independent director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • Oct 31
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 30%. The fair value is estimated to be HK$9.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has declined by 3.0%. Revenue is forecast to grow by 22% in 2 years. Earnings is forecast to grow by 66% in the next 2 years. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment deteriorated over the past week After last week's 16% share price decline to HK$8.35, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 4x in the Real Estate industry in Hong Kong. Total returns to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$8.99 per share. Upcoming Dividend • Oct 10
Upcoming dividend of HK$0.32 per share Eligible shareholders must have bought the stock before 17 October 2022. Payment date: 18 November 2022. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 6.3%. Lower than top quartile of Hong Kong dividend payers (9.0%). In line with average of industry peers (6.0%). Recent Insider Transactions • Sep 13
Independent Non-Executive Director recently sold HK$2.2m worth of stock On the 6th of September, Ka Lun Lee sold around 212k shares on-market at roughly HK$10.17 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth HK$3.0m. Insiders have been net sellers, collectively disposing of HK$1.6m more than they bought in the last 12 months. Reported Earnings • Aug 19
First half 2022 earnings released: EPS: CN¥0.55 (vs CN¥0.74 in 1H 2021) First half 2022 results: EPS: CN¥0.55 (down from CN¥0.74 in 1H 2021). Revenue: CN¥31.3b (up 29% from 1H 2021). Net income: CN¥1.71b (down 26% from 1H 2021). Profit margin: 5.5% (down from 9.5% in 1H 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 9.2%, compared to a 14% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year. 
