Real Estate Operating Companies

GREENTOWN SER

Morgan Stanley Upgrades Rating on Greentown Service to Overweight

GREENTOWN SER released FY2025 9 Months earnings on March 20 (BJT), actual revenue HKD 15.46 B, actual EPS HKD 0.2574

GREENTOWN SER released FY2025 Q3 earnings on March 20 (BJT), actual revenue HKD 5.398 B, actual EPS HKD 0.0463

GREENTOWN SER released FY2025 Q4 earnings on March 20 During-Market (BJT), actual revenue HKD 5.491 B, actual EPS HKD 0.0471

GREENTOWN SER released FY2025 earnings on March 20 During-Market (BJT), actual revenue HKD 20.95 B (forecast HKD 21.53 B), actual EPS HKD 0.3057 (forecast HKD 0.3332)

GREENTOWN SER to Release FY2025 Annual Earnings on March 20 During-Market (BJT), Forecast Revenue HKD 22.03 B, EPS HKD 0.3409

Yuan Ze Services repurchases 2.08 million shares

Yuanzon Services Repurchased 208,000 Shares for HKD 956,300

Yuanke Services Repurchased 210,000 Shares for HKD 963,300

Yuanke Service Buys Back 208,000 Shares for 939,600 HKD

Yuan Ze Services repurchased 626,000 shares for HKD 2.823 million

Yuan Ze Services repurchased 160,000 shares for about HKD 739,100

Green Town Service repurchased 428,000 shares for HKD1.9014 million

Yuan Ze Services repurchased 424,000 shares for HKD 1.8669 million

Yuan Ze Service Repurchased 208,000 Shares at a Cost of HKD 933,900

Yuan Ze Services repurchased 200,000 shares

Yuanjian Service Repurchased 212,000 Shares on November 7, 2025

CMBI Raises Target Price and Maintains Buy Rating for Greentown Service

HSBC Global Research Maintains Hold Rating and Upgrades Profit Forecast for Yango Services

Morgan Stanley Sees 15-Day Upside for Greentown Services and Gives an Overweight Rating

HINSANG GROUP

RIVERINE CHINA

PASHUN INT RTS

BRAINAURORA-B

SOFTMEDX

GOLDENPOWER

ZHONGKE GROUP

VISION SYNERGY

GEMILANG INTL

GHPC

02869

Greentown Service Group Co. Ltd. has scheduled its annual general meeting for June 18, 2026, in Hangzhou. Shareholders will review the 2025 financial statements and vote on dividends, director re-elections, and auditor reappointments. A general mandate for issuing additional shares will also be considered to enhance financial flexibility. The stock currently has a Buy rating with a price target of HK$6.55. Greentown operates in property services in mainland China, with a market cap of HK$14.06B.

Tip Ranks

Greentown Service Sets 2026 AGM to Approve Dividends, Board Mandates and Share Issue Authority

512200

HSBC Research has upgraded the rating of GREENTOWN SER to "Buy," with a slight decrease in the target price to HKD 5.1. The company's profit grew by 12% last year, and the net operating cash flow exceeded net profit by 60%. Management expects the gross profit margin to increase by another 0.5 percentage points. Despite increased macro uncertainty, a dividend yield of about 7% remains attractive. The bank has lowered its revenue forecasts for this year and next by 4% and 6%, respectively, and has reduced its profit forecasts by 4% and 5%

AASTOCKS

China Southern CSI All Share Real Estate ETF

The report from "Big Banks" upgraded GREENTOWN SER's rating to "Buy," with a slight decrease in the target price to 5.1 yuan

01428

01585

00800

00565

01921

02659

01907

03931

02715

BRIGHT SMART(01428) rose 12.19%, with a trading turnover 2.2 Billion HKD, and a year-to-date rose 64.2%. YADEA(01585) rose 9.99%, with a trading turnover 696.6 Million HKD, and a year-to-date rose 5.5%. WERIDE-W(00800) rose 7.94%, with a trading turnover 42.9 Million HKD, and a year-to-date fell 24.3%.

Top Gainers&Losers

BRIGHT SMART

YADEA

WERIDE-W

ART GROUP HOLD

DALIPAL HLDG

BAO PHARMA-B

CHINA RISUN GP

CALB

ESTUN

Top 10 HK Stock Gainers (3.23)

Greentown Service announced its 2025 annual performance, with revenue of RMB 19.164 billion, an increase of 7.1% year-on-year. It recorded a net profit of RMB 880 million, a growth of 12.1%, with earnings per share of 28 cents. The final dividend is HKD 0.16, and an additional special dividend of HKD 0.08 will be distributed

"Performance" GREENTOWN SER's annual net profit is RMB 880 million, an increase of 12.1%, with a special dividend of HKD 0.24

02669

00813

06049

01209

00817

06098

JP Morgan released a research report updating the investment ratings for domestic property and property management stocks. Among domestic property developers, China Resources Land, China Overseas, China Jinmao, Longfor Group, and Seazen were rated as overweight, while China Vanke was rated as underweight. Country Garden, Sunac China, and Shimao Group were also rated as underweight. In terms of Chinese property management stocks, China Resources Mixc was rated as overweight, China OVS was rated as underweight, Poly Property and GREENTOWN SER were rated as overweight, CG SERVICES was rated as neutral, while A-LIVING and SUNAC SERVICES were rated as underweight

CHINA OVS PPT

SHIMAO SERVICES

SHIMAO GROUP

COUNTRY GARDEN

Sunac China

Hwabao WP CSI 800 Real Estate ETF

A-LIVING

SUNAC SERVICES

POLY PPT SER

SEAZEN

Seazen

CHINA VANKE

CHINA RES LAND

ChinaAMC CSI All Share Real Estate ETF

CHINA RES MIXC

LONGFOR GROUP

POLY PROPERTY

CHINA JINMAO

Vanke

Yinhua CSI Interior Real Estate Theme ETF

CH OVS G OCEANS

CHINA OVERSEAS

CG SERVICES

JP Morgan's Investment Ratings on Real Estate and Property Management Stocks

JP Morgan released investment ratings for domestic property and property management stocks, as follows: For domestic property stocks, CHINA RES LAND, CHINA OVERSEAS, CHINA JINMAO, LONGFOR GROUP, and SEAZEN are rated as overweight; CHINA VANKE is rated as underweight, while COUNTRY GARDEN, Sunac China, and SHIMAO GROUP are rated as underweight. For property management stocks, CHINA RES MIXC is rated as overweight, CHINA OVS PPT and POLY PPT SER are rated as underweight, GREENTOWN SER is rated as overweight, CG SERVICES is rated as neutral, and A-LIVING and SUNAC SERVICES are rated as underweight

JP Morgan's Investment Ratings on Property and Property Management Stocks (Table)