UBS: Expects Slower Profit Growth for Chinese Property Management Firms, Prefers CHINA RES MIXC (01209) and GREENTOWN SER (02869)

Stock News
01/27

UBS has released a research report indicating that, based on a weighted average calculation, the profits of Chinese property management companies are forecasted to grow 10% year-on-year in 2025. This projection is lower than the market's anticipated 12% increase and also represents a slowdown compared to the 15% and 12% growth seen in 2024 and the first half of 2025, respectively. The bank believes this deceleration is primarily due to a decline in the cash collection ratio, alongside decreases in value-added service revenue and profit margins. Among the major property management companies, the bank expects GREENTOWN SER (02869) to demonstrate leading performance, followed by CHINA RES MIXC (01209), POLY PPT SER (06049), CHINA OVS PPT (02669), ONEWO (02602), and CG SERVICES (06098). Its top picks within the group are CHINA RES MIXC and GREENTOWN SER.

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