Orient Securities: Maintains "Buy" rating on Poly Property (06049.HK), target price adjusted to HK$38.50

Zhito Finance APP has learned that Orient Securities issued a research report maintaining a "Buy" rating on Poly Property (06049.HK), with the target price adjusted to HK$38.50, compared to the previous target price of HK$42.08. The bank expects the company's EPS for 2026-2028 to be RMB 3.01/3.11/3.25, compared to the previous forecast of RMB 2.94 for 2026; it expects net profit attributable to the parent company to grow by 7.5%, 3.4%, and 4.6% respectively for 2026-2028. Relying on its central state-owned enterprise brand and nationwide service network, the company is expanding third-party and non-residential businesses, and lean management and optimization of the value-added business structure are expected to support steady profit growth. With reference to the average PE of comparable companies in 2026 at approximately 11 times, the corresponding target price is HK$38.50, calculated at HK$1 to RMB 0.85974.