Live News • May 12
China Overseas Property Grows Revenue and Dividend Payout With New Subsidiary Acquisition China Overseas Property reported a 6% year-on-year revenue increase in 2025, supported by strong related-party sales.
Dividend payouts rose 9.3% in 2025, with management raising the dividend payout ratio on the back of a strong cash position.
The company acquired a 70% controlling stake in China State Construction Property Management in December 2025, consolidating it as a subsidiary to expand revenue sources and market reach.
The combination of higher revenue, a larger dividend payout and consolidation of a new subsidiary indicates a company drawing on both its core relationships and balance sheet strength to support shareholder returns.
Management also flagged some pressure on profitability, so it is important to track whether the higher payout and expanded operations remain well covered by future earnings and cash flow. Major Estimate Revision • Apr 02
Consensus EPS estimates fall by 13%, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from CN¥15.3b to CN¥15.8b. EPS estimate fell from CN¥0.494 to CN¥0.429 per share. Net income forecast to grow 2.7% next year vs 35% growth forecast for Real Estate industry in Hong Kong. Consensus price target down from HK$5.53 to HK$4.71. Share price was steady at HK$4.03 over the past week. Declared Dividend • Mar 28
Final dividend of HK$0.10 announced Shareholders will receive a dividend of HK$0.10. Ex-date: 23rd June 2026 Payment date: 15th July 2026 Dividend yield will be 4.9%, which is lower than the industry average of 6.6%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 32% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Mar 27
Price target decreased by 7.5% to HK$5.16 Down from HK$5.58, the current price target is an average from 11 analysts. New target price is 26% above last closing price of HK$4.11. Stock is down 26% over the past year. The company is forecast to post earnings per share of CN¥0.43 for next year compared to CN¥0.42 last year. Reported Earnings • Mar 27
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: CN¥0.42 (down from CN¥0.46 in FY 2024). Revenue: CN¥15.0b (up 6.7% from FY 2024). Net income: CN¥1.37b (down 9.5% from FY 2024). Profit margin: 9.1% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Mar 26
China Overseas Property Holdings Limited, Annual General Meeting, Jun 17, 2026 China Overseas Property Holdings Limited, Annual General Meeting, Jun 17, 2026, at 11:00 China Standard Time. Announcement • Mar 02
China Overseas Property Holdings Limited to Report Fiscal Year 2025 Results on Mar 26, 2026 China Overseas Property Holdings Limited announced that they will report fiscal year 2025 results on Mar 26, 2026 Price Target Changed • Jan 28
Price target decreased by 7.8% to HK$5.86 Down from HK$6.35, the current price target is an average from 12 analysts. New target price is 37% above last closing price of HK$4.28. Stock is down 11% over the past year. The company is forecast to post earnings per share of CN¥0.47 for next year compared to CN¥0.46 last year. Announcement • Jan 28
China Overseas Property Holdings Limited Appoints Tsoi Wing Sing as Independent Non-Executive Director, Chairman of the Remuneration Committee and A Member of the Audit Committee, the Nomination Committee and the Sustainability Steering Committee, Effective 1 February 2026 China Overseas Property Holdings Limited's board of directors announced that with effect from 1 Feburary 2026, Mr. Tsoi Wing Sing will be appointed as independent non-executive director, the chairman of the remuneration committee and a member of the audit committee, the nomination committee and the sustainability steering committee of the Company. Mr. Tsoi, aged 63, holds an Honorary Doctorate degree in Business Administration from California International University. He is currently a controlling shareholder, an executive director and the chairman of the board and the chairman of the nomination committee of Star Shine Holdings Group Limited, an independent non-executive director, the chairman of the nomination committee, a member of the audit committee and the remuneration and appraisal committee of Hisense Home Appliances Group Co. Ltd. as well as a director of Calson Industrial International Company Limited and, both engaged in property related businesses. Mr. Tsoi is also presently a member of the Election Committee of the Hong Kong Special Administrative Region ("HKSAR"), a standing committee of the Hunan Provincial Committee of the Chinese People's Political Consultative Conference ("CPPCC") Hong Kong convener, a deputy vice-chairman of the Hong Kong Provincial CPPCC Member Association, a school supervisor of TWGHs Tsoi Wing Sing Primary School, a founding deputy vice president of Hong Kong Poverty Alleviation Association Limited, a deputy chairman of Hong Kong Volunteers Federation, a deputy vice chairman of The Hong Kong Island Federation, also and an expert of Silk Road Planning Research Center. He was awarded the World Outstanding Chinese Award in 2009 by World Chinese Business Investment Foundation and the Bronze Bauhinia Star in 2020 by the Government of the HKSAR and appointed as a Justice of the Peace in 2025. Mr. Tsoi was the chairman of Tung Wah Group of Hospitals, a director of Calson Investment Limited and as well as a supervisor of . Upcoming Dividend • Sep 13
Upcoming dividend of HK$0.10 per share Eligible shareholders must have bought the stock before 19 September 2025. Payment date: 10 October 2025. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Hong Kong dividend payers (6.6%). Lower than average of industry peers (4.4%). Declared Dividend • Aug 27
First half dividend of HK$0.10 announced Shareholders will receive a dividend of HK$0.10. Ex-date: 19th September 2025 Payment date: 10th October 2025 Dividend yield will be 3.7%, which is lower than the industry average of 6.6%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 37% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 26
First half 2025 earnings released: EPS: CN¥0.23 (vs CN¥0.22 in 1H 2024) First half 2025 results: EPS: CN¥0.23 (up from CN¥0.22 in 1H 2024). Revenue: CN¥7.09b (up 3.7% from 1H 2024). Net income: CN¥769.1m (up 4.3% from 1H 2024). Profit margin: 11% (in line with 1H 2024). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Aug 09
China Overseas Property Holdings Limited to Report First Half, 2025 Results on Aug 25, 2025 China Overseas Property Holdings Limited announced that they will report first half, 2025 results on Aug 25, 2025 Announcement • Jun 29
China Overseas Property Holdings Limited Appoints Ms. Ng, Yat Wing Athena as A Member of the Nomination Committee, Effective June 27, 2025 China Overseas Property Holdings Limited announced that, Ms. Ng, Yat Wing Athena, an non-executive Director, has been appointed as a member of the nomination committee of the Company with effect from 27 June 2025. Following the above change, the Nomination Committee comprises five members, namely Mr. Zhang Guiqing (chairman), Mr. Yung, Wing Ki Samuel, Mr. So, Gregory Kam Leung, Mr. Lim, Wan Fung Bernard Vincent and Ms. Ng, Yat Wing Athena. Announcement • Jun 18
China Overseas Property Holdings Limited Approves Final Dividend for the Year Ended 31 December 2024 China Overseas Property Holdings Limited at its AGM, held on 18 June 2025, approved the proposal of the payment of a final dividend for the year ended 31 December 2024 of 9.5 HK cents per Share. Upcoming Dividend • Jun 13
Upcoming dividend of HK$0.095 per share Eligible shareholders must have bought the stock before 20 June 2025. Payment date: 15 July 2025. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Hong Kong dividend payers (7.5%). Lower than average of industry peers (5.0%). Reported Earnings • May 04
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.46 (up from CN¥0.41 in FY 2023). Revenue: CN¥14.0b (up 7.5% from FY 2023). Net income: CN¥1.51b (up 13% from FY 2023). Profit margin: 11% (in line with FY 2023). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 2.3%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 02
Price target increased by 7.2% to HK$6.36 Up from HK$5.93, the current price target is an average from 14 analysts. New target price is 18% above last closing price of HK$5.37. Stock is up 22% over the past year. The company is forecast to post earnings per share of CN¥0.51 for next year compared to CN¥0.46 last year. Declared Dividend • Mar 30
Final dividend of HK$0.095 announced Shareholders will receive a dividend of HK$0.095. Ex-date: 20th June 2025 Payment date: 15th July 2025 Dividend yield will be 3.2%, which is lower than the industry average of 6.6%. Sustainability & Growth The dividend has increased by an average of 38% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 28
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.46 (up from CN¥0.41 in FY 2023). Revenue: CN¥14.0b (up 7.5% from FY 2023). Net income: CN¥1.51b (up 13% from FY 2023). Profit margin: 11% (in line with FY 2023). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 2.3%. Revenue is forecast to grow 9.8% 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 increased by 20% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Mar 27
China Overseas Property Holdings Limited, Annual General Meeting, Jun 18, 2025 China Overseas Property Holdings Limited, Annual General Meeting, Jun 18, 2025, at 11:00 China Standard Time. Announcement • Mar 04
China Overseas Property Holdings Limited to Report Fiscal Year 2024 Results on Mar 27, 2025 China Overseas Property Holdings Limited announced that they will report fiscal year 2024 results on Mar 27, 2025 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to HK$5.93, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 7x in the Real Estate industry in Hong Kong. Total loss to shareholders of 4.8% over the past three years. Reported Earnings • Sep 26
First half 2024 earnings: EPS exceeds analyst expectations while revenues lag behind First half 2024 results: EPS: CN¥0.22 (up from CN¥0.19 in 1H 2023). Revenue: CN¥6.84b (up 9.0% from 1H 2023). Net income: CN¥737.5m (up 16% from 1H 2023). Profit margin: 11% (in line with 1H 2023). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates by 3.9%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 20
Upcoming dividend of HK$0.085 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 21 October 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Hong Kong dividend payers (8.6%). Lower than average of industry peers (6.3%). Price Target Changed • Aug 31
Price target decreased by 7.5% to HK$6.60 Down from HK$7.14, the current price target is an average from 16 analysts. New target price is 39% above last closing price of HK$4.76. Stock is down 49% over the past year. The company is forecast to post earnings per share of CN¥0.47 for next year compared to CN¥0.41 last year. Reported Earnings • Aug 28
First half 2024 earnings released: EPS: CN¥0.23 (vs CN¥0.20 in 1H 2023) First half 2024 results: EPS: CN¥0.23 (up from CN¥0.20 in 1H 2023). Revenue: CN¥6.84b (up 6.0% from 1H 2023). Net income: CN¥737.5m (up 13% from 1H 2023). Profit margin: 11% (in line with 1H 2023). Revenue is forecast to grow 14% 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 increased by 25% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Aug 27
China Overseas Property Holdings Limited Announces Unaudited Interim Dividend for the Six Months Ended 30 June 2024, Payable on 21 October 2024 China Overseas Property Holdings Limited announced unaudited interim dividend of HKD 0.085 per share for the six months ended 30 June 2024. Ex-dividend date is 27 September 2024. Record date is 04 October 2024. Payment date is 21 October 2024. Announcement • Aug 12
China Overseas Property Holdings Limited to Report First Half, 2024 Results on Aug 27, 2024 China Overseas Property Holdings Limited announced that they will report first half, 2024 results on Aug 27, 2024 Upcoming Dividend • Jun 17
Upcoming dividend of HK$0.085 per share Eligible shareholders must have bought the stock before 24 June 2024. Payment date: 15 July 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (5.9%). Announcement • Jun 13
China Overseas Property Holdings Limited Approves Final Dividend for the Year Ended 31 December 2023 China Overseas Property Holdings Limited at its Annual General Meeting Held on 12 June 2024, approve the declaration of a final dividend for the year ended 31 December 2023 of HK 8.5 cents per Share. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$6.08, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 7x in the Real Estate industry in Hong Kong. Total loss to shareholders of 24% over the past three years. Price Target Changed • May 10
Price target decreased by 7.9% to HK$7.08 Down from HK$7.69, the current price target is an average from 18 analysts. New target price is 34% above last closing price of HK$5.27. Stock is down 35% over the past year. The company is forecast to post earnings per share of CN¥0.47 for next year compared to CN¥0.41 last year. Reported Earnings • Apr 28
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.41 (up from CN¥0.33 in FY 2022). Revenue: CN¥13.1b (up 20% from FY 2022). Net income: CN¥1.34b (up 23% from FY 2022). Profit margin: 10% (in line with FY 2022). Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Major Estimate Revision • Apr 02
Consensus revenue estimates fall by 22% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥18.7b to CN¥14.6b. EPS estimate fell from CN¥0.587 to CN¥0.457 per share. Net income forecast to grow 12% next year vs 16% growth forecast for Real Estate industry in Hong Kong. Consensus price target down from HK$9.88 to HK$8.18. Share price rose 2.2% to HK$4.60 over the past week. Announcement • Mar 27
China Overseas Property Holdings Limited, Annual General Meeting, Jun 12, 2024 China Overseas Property Holdings Limited, Annual General Meeting, Jun 12, 2024, at 11:00 China Standard Time. Agenda: To consider the declaration of a final dividend of HK8.5 cents per share for the year ended 31 December 2023. Price Target Changed • Mar 27
Price target decreased by 9.8% to HK$8.91 Down from HK$9.88, the current price target is an average from 21 analysts. New target price is 111% above last closing price of HK$4.23. Stock is down 52% over the past year. The company is forecast to post earnings per share of HK$0.50 for next year compared to HK$0.41 last year. Announcement • Mar 26
China Overseas Property Holdings Limited Proposes Ordinary Final Dividend for the Year Ended 31 December 2023, Payable 15 July 2024 China Overseas Property Holdings Limited proposed an ordinary final dividend of HKD 0.085 per share for the financial year end 31 December 2023. The date of shareholders' approval is 12 June 2024. The ex-dividend date is 24 June 2024, record date is 28 June 2024, and payment date is 15 July 2024.the Board of China Overseas Property Holdings Limited has recommended the declaration of a final dividend of HKD 8.0 cents per share for the year ended 31 December 2022 (for the year ended 31 December 2021: a final dividend of HKD 6.0 cents per share) representing a total amount of approximately HKD 262,949,000, subject to the approval of shareholders of the Company (the "Shareholders") at the forthcoming annual general meeting to be held on, 20 June 2023 (the "2023 AGM"). The proposed final dividend will be paid to the Shareholders on, 14 July 2023 whose names appear on the Company's register of members (the "Register of Members") on, 29 June 2023. New Risk • Mar 26
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 11% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to HK$4.50, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 5x in the Real Estate industry in Hong Kong. Total loss to shareholders of 36% over the past three years. Announcement • Mar 01
China Overseas Property Holdings Limited to Report Fiscal Year 2023 Results on Mar 26, 2024 China Overseas Property Holdings Limited announced that they will report fiscal year 2023 results on Mar 26, 2024 Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to HK$6.23, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 5x in the Real Estate industry in Hong Kong. Total returns to shareholders of 24% over the past three years. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$4.70, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 5x in the Real Estate industry in Hong Kong. Total loss to shareholders of 10% over the past three years. Price Target Changed • Oct 18
Price target decreased by 7.2% to HK$11.00 Down from HK$11.85, the current price target is an average from 21 analysts. New target price is 65% above last closing price of HK$6.68. Stock is up 4.4% over the past year. The company is forecast to post earnings per share of HK$0.51 for next year compared to HK$0.39 last year. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$7.25, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 7x in the Real Estate industry in Hong Kong. Total returns to shareholders of 23% over the past three years. Upcoming Dividend • Sep 07
Upcoming dividend of HK$0.055 per share at 1.4% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 06 October 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (5.2%). Announcement • Aug 22
China Overseas Property Holdings Limited Announces Unaudited Interim (Semi-Annual) Dividend for the Six Months Ended 30 June 2023, Payable on 6 October 2023 China Overseas Property Holdings Limited announced unaudited interim (semi-annual) dividend of HKD 0.055 per share for the six months ended 30 June 2023. Ex-dividend date is 14 September 2023. Record date is 20 September 2023. Payment date is 06 October 2023. Reported Earnings • Aug 22
First half 2023 earnings released: EPS: HK$0.22 (vs HK$0.16 in 1H 2022) First half 2023 results: EPS: HK$0.22 (up from HK$0.16 in 1H 2022). Revenue: HK$7.16b (up 23% from 1H 2022). Net income: HK$726.0m (up 39% from 1H 2022). Profit margin: 10% (up from 9.0% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% 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 increased by 30% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Jun 21
China Overseas Property Holdings Limited Approves the Declaration of a Final Dividend for the Year Ended 31 December 2022 China Overseas Property Holdings Limited approved the declaration of a final dividend for the year ended 31 December 2022 of 8.0 cents per Share. Upcoming Dividend • Jun 16
Upcoming dividend of HK$0.08 per share at 1.4% yield Eligible shareholders must have bought the stock before 23 June 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Hong Kong dividend payers (7.8%). Lower than average of industry peers (5.2%). Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to HK$8.53, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 6x in the Real Estate industry in Hong Kong. Total returns to shareholders of 9.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$16.77 per share. Reported Earnings • Mar 24
Full year 2022 earnings: Revenues exceed analyst expectations Full year 2022 results: Revenue: HK$12.7b (up 34% from FY 2021). Net income: HK$1.27b (up 29% from FY 2021). Profit margin: 10.0% (in line with FY 2021). Revenue exceeded analyst estimates by 1.0%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Real Estate industry in Hong Kong. Buying Opportunity • Feb 28
Now 20% undervalued Over the last 90 days, the stock is up 6.0%. The fair value is estimated to be HK$11.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 68% in 2 years. Earnings is forecast to grow by 66% in the next 2 years. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 17% share price gain to HK$9.36, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 6x in the Real Estate industry in Hong Kong. Total returns to shareholders of 96% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$13.05 per share. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 15% share price gain to HK$8.85, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 5x in the Real Estate industry in Hong Kong. Total returns to shareholders of 87% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$14.30 per share. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Gregory So was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improved over the past week After last week's 30% share price gain to HK$7.53, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 4x in the Real Estate industry in Hong Kong. Total returns to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$14.24 per share. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment deteriorated over the past week After last week's 18% share price decline to HK$5.14, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 4x in the Real Estate industry in Hong Kong. Total returns to shareholders of 11% over the past three years. Upcoming Dividend • Sep 19
Upcoming dividend of HK$0.04 per share Eligible shareholders must have bought the stock before 26 September 2022. Payment date: 14 October 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Hong Kong dividend payers (8.3%). Lower than average of industry peers (5.5%). Reported Earnings • Sep 01
First half 2022 earnings released: EPS: HK$0.16 (vs HK$0.12 in 1H 2021) First half 2022 results: EPS: HK$0.16 (up from HK$0.12 in 1H 2021). Revenue: HK$5.81b (up 35% from 1H 2021). Net income: HK$521.7m (up 33% from 1H 2021). Profit margin: 9.0% (down from 9.2% in 1H 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 33%, compared to a 12% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 28% per year. Announcement • Aug 13
China Overseas Property Holdings Limited to Report First Half, 2022 Results on Aug 31, 2022 China Overseas Property Holdings Limited announced that they will report first half, 2022 results on Aug 31, 2022 Announcement • Jun 22
China Overseas Property Holdings Limited Declares Final Dividend for the Year Ended 31 December 2021 China Overseas Property Holdings Limited announced Poll Results of the Annual General Meeting Held on 21 June 2022. The Board to announced that the resolutions as set out in the AGM Notice were put to the AGM for voting by poll and approved by the Shareholders, including, inter alia, the proposal of the payment of a final dividend for the year ended 31 December 2021 of HKD 6.0 cents per Share. Upcoming Dividend • Jun 16
Upcoming dividend of HK$0.06 per share Eligible shareholders must have bought the stock before 23 June 2022. Payment date: 14 July 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (5.8%). Reported Earnings • Apr 29
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: HK$0.30 (up from HK$0.21 in FY 2020). Revenue: HK$9.44b (up 44% from FY 2020). Net income: HK$983.9m (up 41% from FY 2020). Profit margin: 10% (in line with FY 2020). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 7.3%. Over the next year, revenue is forecast to grow 36%, compared to a 16% growth forecast for the industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 35% per year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Gregory So was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorated over the past week After last week's 21% share price decline to HK$6.26, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 4x in the Real Estate industry in Hong Kong. Total returns to shareholders of 117% over the past three years. Announcement • Mar 03
China Overseas Property Holdings Limited to Report Fiscal Year 2021 Results on Mar 24, 2022 China Overseas Property Holdings Limited announced that they will report fiscal year 2021 results on Mar 24, 2022 Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 16% share price gain to HK$8.10, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 5x in the Real Estate industry in Hong Kong. Total returns to shareholders of 272% over the past three years. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improved over the past week After last week's 19% share price gain to HK$6.62, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 5x in the Real Estate industry in Hong Kong. Total returns to shareholders of 244% over the past three years. Upcoming Dividend • Sep 03
Upcoming dividend of HK$0.03 per share Eligible shareholders must have bought the stock before 10 September 2021. Payment date: 04 October 2021. Trailing yield: 1.0%. Lower than top quartile of Hong Kong dividend payers (6.6%). Lower than average of industry peers (5.1%). 
