Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  Poly Real Estate Group    600048   CNE000001ND1

POLY REAL ESTATE GROUP (600048)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Chinese real estate giant reports robust sales in July

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/09/2017 | 10:45am CEST

A property project developed by Poly Real Estate is pictured in Dalian, Liaoning province, June 4, 2017. [Photo/VCG]

BEIJING - Poly Real Estate Group, one of China's leading real estate companies, on late Tuesday reported strong sales growth in July despite tight regulation of the property sector.

In a brief statement filed to the Shanghai Stock Exchange, Poly said its sales rose 36.4 percent year on year to 16.6 billion yuan ($2.5 billion) in July.

In the first seven months of this year, sales rose 32.9 percent to 163 billion yuan, the company said.

In an earlier statement in July, the Beijing-based developer said it expected its net profits to rise 10.6 percent year on year to 5.5 billion yuan in the first half of this year.

The company's business revenue dropped 1.3 percent to 54.5 billion yuan in the six-month period.

The Chinese government is currently enhancing property market regulation to ease home price surges in large cities while de-stocking supply gluts in small cities.

Rocketing housing prices, especially in major cities, had fueled concerns about asset bubbles. Since the end of 2016, dozens of local governments have passed or expanded their restrictions on house purchases and increased the minimum down payment required for a mortgage.

Shares of Poly retreated 0.1 percent to 10.07 yuan at Tuesday's close.

(c) 2017 China Daily Information Company. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on POLY REAL ESTATE GROUP
05/10HOPEFLUENT : Poly Real Est to develop real estate agency biz
AQ
04/12POLY REAL ESTATE GROUP CO., LTD : annual earnings release
02/12Poly Real Estate sales surge in January
AQ
02/12Poly Real Estate sales surge in January
AQ
01/30HOPEFLUENT : to form JV with Poly Real Estate
AQ
2017POLY REAL ESTATE : Property developer forges ahead with $1.5bn portfolio with HS..
AQ
2017POLY REAL ESTATE : Property announces deal between group companies
AQ
2017POLY REAL ESTATE : First REITs from State-owned company
AQ
2017Chinese real estate giant reports robust sales in July
AQ
2016Stocks Edge Higher as Banks Beat Views
DJ
More news
Financials (CNY)
Sales 2018 189 B
EBIT 2018 35 819 M
Net income 2018 20 074 M
Debt 2018 118 B
Yield 2018 4,21%
P/E ratio 2018 6,53
P/E ratio 2019 5,28
EV / Sales 2018 1,31x
EV / Sales 2019 0,98x
Capitalization 130 B
Chart POLY REAL ESTATE GROUP
Duration : Period :
Poly Real Estate Group Technical Analysis Chart | 4-Traders
Full-screen chart
Technical analysis trends POLY REAL ESTATE GROUP
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 20
Average target price 16,8  CNY
Spread / Average Target 53%
EPS Revisions
Managers
NameTitle
Ping Liu General Manager & Director
Guang Ju Song Chairman
Jun Fu Chairman-Supervisory Board
Dong Li Zhou Chief Financial Officer
Zhen Gao Zhang Director
Sector and Competitors
1st jan.Capitalization (M$)
POLY REAL ESTATE GROUP-22.47%18 834
SUN HUNG KAI PROPERTIES LIMITED-10.34%42 891
COUNTRY GARDEN HOLDINGS CO LTD-14.92%34 144
CHINA EVERGRANDE GROUP-27.47%33 540
CHINA OVERSEAS LAND & INVESTMENT LTD.-7.51%33 014
CK ASSET HOLDINGS LTD-13.17%28 313