Core Viewpoint - Poly Property's (06049) net profit for the first half of the year increased by 5.3% year-on-year, aligning with market expectations; total revenue rose by 6.6% [1] Financial Performance - The company's third-party expansion showed strong growth, while non-owner value-added service revenue decreased by 16.1% year-on-year; community value-added services fell by 3.7% [1] Investment Rating - The firm maintains a "Buy" rating for the company, with a target price increase of 2%, from HKD 54.03 to HKD 54.91 [1] Dividend Policy - The company continues its policy of not declaring an interim dividend, which did not meet some investors' expectations; although the dividend payout ratio for the fiscal year 2024 is set to increase by 10 percentage points to 50%, it remains relatively low compared to peers [1]
招银国际：升保利物业目标价至54.91港元 中绩符预期 维持“买入”评级