Upcoming Dividend • May 22
Upcoming dividend of HK$0.20 per share Eligible shareholders must have bought the stock before 29 May 2026. Payment date: 17 June 2026. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 5.1%. Lower than top quartile of Hong Kong dividend payers (6.9%). Higher than average of industry peers (4.0%). Declared Dividend • Mar 27
Dividend of HK$0.20 announced Shareholders will receive a dividend of HK$0.20. Ex-date: 29th May 2026 Payment date: 17th June 2026 Dividend yield will be 7.5%, which is higher than the industry average of 6.6%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 28% per year over the past 4 years and payments have been stable during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Announcement • Mar 26
C&D Property Management Group Co. Limited announces Annual dividend, payable on June 17, 2026 C&D Property Management Group Co. Limited announced Annual dividend of HKD 0.1500 per share payable on June 17, 2026, ex-date on May 29, 2026 and record date on June 01, 2026. Reported Earnings • Mar 26
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.26 (up from CN¥0.24 in FY 2024). Revenue: CN¥3.88b (up 18% from FY 2024). Net income: CN¥358.9m (up 11% from FY 2024). Profit margin: 9.2% (in line with FY 2024). Revenue missed analyst estimates by 9.6%. Earnings per share (EPS) also missed analyst estimates by 23%. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Mar 25
C&D Property Management Group Co. Limited, Annual General Meeting, May 27, 2026 C&D Property Management Group Co. Limited, Annual General Meeting, May 27, 2026. Announcement • Mar 13
C&D Property Management Group Co. Limited to Report Fiscal Year 2025 Results on Mar 25, 2026 C&D Property Management Group Co. Limited announced that they will report fiscal year 2025 results on Mar 25, 2026 Buy Or Sell Opportunity • Nov 06
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at HK$2.81. The fair value is estimated to be HK$3.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 31% in a year. Earnings are forecast to grow by 57% in the next year. Reported Earnings • Sep 27
First half 2025 earnings released: EPS: CN¥0.16 (vs CN¥0.14 in 1H 2024) First half 2025 results: EPS: CN¥0.16 (up from CN¥0.14 in 1H 2024). Revenue: CN¥1.82b (up 14% from 1H 2024). Net income: CN¥216.0m (up 13% from 1H 2024). Profit margin: 12% (in line with 1H 2024). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 24
First half 2025 earnings released: EPS: CN¥0.16 (vs CN¥0.14 in 1H 2024) First half 2025 results: EPS: CN¥0.16 (up from CN¥0.14 in 1H 2024). Revenue: CN¥1.82b (up 14% from 1H 2024). Net income: CN¥216.0m (up 13% from 1H 2024). Profit margin: 12% (in line with 1H 2024). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Aug 12
C&D Property Management Group Co. Limited to Report First Half, 2025 Results on Aug 22, 2025 C&D Property Management Group Co. Limited announced that they will report first half, 2025 results on Aug 22, 2025 Announcement • May 23
C&D Property Management Group Co. Limited Approves to Declare Final Dividend for the Year Ended 31 December 2024 C&D Property Management Group Co. Limited at the AGM held on 23 May 2025, approved to declare a final dividend of HKD 0.15 per share for the year ended 31 December 2024. Upcoming Dividend • May 20
Upcoming dividend of HK$0.15 per share Eligible shareholders must have bought the stock before 27 May 2025. Payment date: 06 June 2025. Payout ratio is a comfortable 59% and the cash payout ratio is 79%. Trailing yield: 5.7%. Lower than top quartile of Hong Kong dividend payers (7.7%). In line with average of industry peers (5.2%). Reported Earnings • May 04
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.24 (down from CN¥0.35 in FY 2023). Revenue: CN¥3.29b (down 7.7% from FY 2023). Net income: CN¥323.5m (down 31% from FY 2023). Profit margin: 9.8% (down from 13% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 7.9%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Mar 30
Non-Executive Director recently bought HK$3.5m worth of stock On the 27th of March, Yixuan Xu bought around 1m shares on-market at roughly HK$2.64 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$1.7m more in shares than they have sold in the last 12 months. Reported Earnings • Mar 27
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.24 (down from CN¥0.35 in FY 2023). Revenue: CN¥3.29b (down 7.7% from FY 2023). Net income: CN¥323.5m (down 31% from FY 2023). Profit margin: 9.8% (down from 13% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 7.9%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Mar 14
C&D Property Management Group Co. Limited to Report Fiscal Year 2024 Results on Mar 26, 2025 C&D Property Management Group Co. Limited announced that they will report fiscal year 2024 results on Mar 26, 2025 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$2.77, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 8x in the Real Estate industry in Hong Kong. Total loss to shareholders of 26% over the past three years. Announcement • Aug 30
C&D Property Management Group Co. Limited Announces Company Secretary and Authorized Representative Changes The board of directors of C&D Property Management Group Co. Ltd. announced that Ms. Kam Mei Ha Wendy has tendered her resignation as the company secretary of the Company and ceased to act as an authorized representative of the Company. Ms. Kam has confirmed that she has no disagreement with the Board and there are no other matters with regard to her resignation which need to be brought to the attention of the Stock Exchange and/or the shareholders of the Company. Following the resignation of Ms. Kam, the Board is pleased to further announce that Mr. Yau Tsz Lun has been appointed as the Company Secretary and the Authorized Representative both with effect from 30 August 2024. Mr. Yau is a Manager of Company Secretarial Services of Tricor Services Limited. Mr. Yau has over 6 years of experience in the company secretarial field. He has been providing professional corporate services to Hong Kong listed companies as well as multinational, private and offshore companies. Mr. Yau is a Chartered Secretary, a Chartered Governance Professional and an Associate of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom. Reported Earnings • Aug 25
First half 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.13 in 1H 2023) First half 2024 results: EPS: CN¥0.14 (up from CN¥0.13 in 1H 2023). Revenue: CN¥1.60b (up 17% from 1H 2023). Net income: CN¥190.8m (up 11% from 1H 2023). Profit margin: 12% (in line with 1H 2023). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Aug 12
C&D Property Management Group Co. Limited to Report First Half, 2024 Results on Aug 22, 2024 C&D Property Management Group Co. Limited announced that they will report first half, 2024 results on Aug 22, 2024 Recent Insider Transactions • May 23
CEO & Executive Director recently sold HK$878k worth of stock On the 16th of May, Haixia Qiao sold around 240k shares on-market at roughly HK$3.66 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Haixia's only on-market trade for the last 12 months. Upcoming Dividend • May 21
Upcoming dividend of HK$0.26 per share Eligible shareholders must have bought the stock before 28 May 2024. Payment date: 07 June 2024. Payout ratio is a comfortable 41% and the cash payout ratio is 80%. Trailing yield: 4.4%. Lower than top quartile of Hong Kong dividend payers (7.4%). Lower than average of industry peers (5.1%). Reported Earnings • Mar 23
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: CN¥0.35 (up from CN¥0.19 in FY 2022). Revenue: CN¥3.57b (up 56% from FY 2022). Net income: CN¥467.3m (up 89% from FY 2022). Profit margin: 13% (up from 11% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Mar 12
C&D Property Management Group Co. Limited to Report Fiscal Year 2023 Results on Mar 21, 2024 C&D Property Management Group Co. Limited announced that they will report fiscal year 2023 results on Mar 21, 2024 Announcement • Jan 24
C&D Property Management Group Co. Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 December 2023 C&D Property Management Group Co. Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2023. For the period, the company the profit attributable to the equity holders of the Company for the Year is expected to increase by not less than approximately 70% compared to the year ended 31 December 2022. Such increase in profit attributable to the equity holders of the Company for the Year was mainly due to (i) the increase in revenue from home furniture services under community value-added and synergy services; and (ii) the increase in the gross floor area of the managed properties of the Group. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$3.47, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 6x in the Real Estate industry in Hong Kong. Total loss to shareholders of 23% over the past year. Reported Earnings • Aug 26
First half 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.098 in 1H 2022) First half 2023 results: EPS: CN¥0.13 (up from CN¥0.098 in 1H 2022). Revenue: CN¥1.37b (up 38% from 1H 2022). Net income: CN¥171.9m (up 32% from 1H 2022). Profit margin: 13% (in line with 1H 2022). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Real Estate industry in Hong Kong. New Risk • Jul 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. New Risk • Jun 14
New minor risk - Dividend sustainability The company has a short dividend paying track record. Continuous dividend paying years: 1 Dividend yield: 2.9% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • May 31
C&D Property Management Group Co. Limited Declares Final Dividend for the Year Ended 31 December 2022 C&D Property Management Group Co. Limited at its annual general meeting held on 30 May 2023, declared a final dividend of HKD 0.1 per share for the year ended 31 December 2022. Upcoming Dividend • May 25
Upcoming dividend of HK$0.10 per share at 2.5% yield Eligible shareholders must have bought the stock before 01 June 2023. Payment date: 07 July 2023. Trailing yield: 2.5%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (5.3%). Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: CN¥0.19 (vs CN¥0.14 in FY 2021) Full year 2022 results: EPS: CN¥0.19 (up from CN¥0.14 in FY 2021). Revenue: CN¥2.29b (up 47% from FY 2021). Net income: CN¥247.2m (up 55% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Real Estate industry in Hong Kong. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment improved over the past week After last week's 17% share price gain to HK$4.31, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 5x in the Real Estate industry in Hong Kong. Total returns to shareholders of 9.2% over the past year. Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Executive Director & CEO Haixia Qiao is the most experienced director on the board, commencing their role in 2020. Independent Non Executive Director Dannis Lee was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment deteriorated over the past week After last week's 19% share price decline to HK$2.93, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 4x in the Real Estate industry in Hong Kong. Total loss to shareholders of 31% over the past year. Announcement • Sep 10
C&D Property Management Group Co. Limited Announces Executive Changes The board of directors of C&D Property Management Group Co. Ltd. announced that Ms. Leung Ching Ching has tendered her resignation as the company secretary of the Company and will cease to act as an authorized representative of the Company both with effect from 9 September 2022. Ms. Leung has confirmed that she has no disagreement with the Board and there are no other matters with regard to her resignation which need to be brought to the attention of the Stock Exchange and/or the shareholders of the Company. Following the resignation of Ms. Leung, the Board is pleased to further announce that Ms. Kam Mei Ha Wendy has been appointed as the Company Secretary and the Authorized Representative both with effect from 9 September 2022. Ms. Kam is an Executive Director of Corporate Services of Tricor Services Limited. Ms. Kam is a Chartered Secretary and a Fellow of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom. She is also a holder of the Practitioner's Endorsement from HKCGI. She possesses more than 25 years of experience in the company secretary profession and has been providing professional corporate services to Hong Kong listed companies as well as multinational, private and offshore companies. Reported Earnings • Aug 27
First half 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.074 in 1H 2021) First half 2022 results: EPS: CN¥0.10 (up from CN¥0.074 in 1H 2021). Revenue: CN¥997.0m (up 50% from 1H 2021). Net income: CN¥130.4m (up 51% from 1H 2021). Profit margin: 13% (in line with 1H 2021). Announcement • Aug 26
C&D Property Management Group Co. Limited Announces Board Changes The Board of C&D Property Management Group Co. Limited announced that with effect from 25 August 2022, (i) Mr. Zhuang Yuekai has resigned as a non-executive director of the Company the chairman of the Board chairman of the nomination committee of the Board and member of the remuneration committee of the Board due to his personal reasons; (ii) the Company's non-executive Director, Mr. Lin Weiguo, has been appointed as the Chairman, chairman of the Nomination Committee and a member of the Remuneration Committee; and (iii) Mr. Xu Yixuan has been appointed as a non-executive Director. Mr. Lin Weiguo, aged 43, was appointed as a Director from 22 September 2020 until his re-designation as a non-executive Director on 28 September 2020. Mr. Lin worked as a financial manager, manager, regional sales director of a branch of Xiamen Overseas Chinese Electronic Co. Ltd., a company listed on the Shanghai Stock Exchange, from March 2000 to September 2007, where Mr. Lin was responsible for regional financial work and business management work of the relevant company. Mr. Lin has joined C&D Real Estate Corporation Limited since September 2007 and worked as a financial controller from July 2013 to January 2016, and an assistant to general manager from February 2016 to January 2017. Mr. Lin has been a deputy general manager, a member of the party committee and a director of C&D Real Estate since February 2017, September 2017 and April 2019, respectively. Mr. Lin was the financial controller of C&D International Investment Group Limited, a company listed on the Stock Exchange from March 2015 to March 2016 and was the chief operating officer of CDI from March 2016 to March 2019. Mr. Lin has been an executive director and the chief executive officer of CDI since March 2019. Mr. Lin has been a director of C&D Holsin Engineering Consulting Group Co. Ltd., a company listed on the Shanghai Stock Exchange, since December 2021. Mr. Lin was recognised as a senior economist by Senior Position Review Committee of Economics in Xiamen in August 2015 and senior accountant by Fujian Human Resources and Social Security Bureau in August 2016. Mr. Lin obtained a bachelor's degree in accounting from Anhui University of Finance and Economics in July 2010. Mr. Xu Yixuan (), aged 43, has been appointed as a non-executive Director with effect from 25 August 2022. Mr. Xu joined C&D Real Estate in 2004 and served as deputy general manager of Design Management Center, general manager of Engineering Management Center, general manager of Xiamen Business Department, general manager of Southeast Regional Branch, etc. He is currently the chairman of the Southeast cluster of C&D Real Estate. Mr. Xu graduated from Fuzhou University with a bachelor's degree in Art Theory, and is an industrial artist. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment deteriorated over the past week After last week's 27% share price decline to HK$2.55, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 6x in the Real Estate industry in Hong Kong. Total loss to shareholders of 38% over the past year. Announcement • Aug 16
C&D Property Management Group Co. Limited to Report First Half, 2022 Results on Aug 26, 2022 C&D Property Management Group Co. Limited announced that they will report first half, 2022 results on Aug 26, 2022 Announcement • Jun 25
C&D Property Management Group Co. Limited Announces Resignation of Cheung Kwok Kwan, J.P as Independent Non-Executive Director, Member of Each of the Audit Committee, the Remuneration Committee and the Nomination Committee The board of directors of C&D Property Management Group Co. Ltd. hereby announced that Mr. Cheung Kwok Kwan, J.P. has tendered his resignation as an independent non-executive director of the Company, and ceased to be a member of each of the audit committee, the remuneration committee and the nomination committee of the Company with effect from 24 June 2022 due to his other work commitments. Announcement • May 21
C&D Property Management Group Co. Limited Approves Final Dividend for the Year Ended 31 December 2021 C&D Property Management Group Co. Limited, at the AGM held on 20 May 2022 approved final dividend of HKD 0.06 per share for the year ended 31 December 2021. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Mar 28
Full year 2021 earnings released: EPS: CN¥0.14 (vs CN¥0.09 in FY 2020) Full year 2021 results: EPS: CN¥0.14 (up from CN¥0.09 in FY 2020). Revenue: CN¥1.56b (up 51% from FY 2020). Net income: CN¥159.4m (up 50% from FY 2020). Profit margin: 10% (in line with FY 2020). Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorated over the past week After last week's 18% share price decline to HK$2.93, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 5x in the Real Estate industry in Hong Kong. Total loss to shareholders of 20% over the past year. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment deteriorated over the past week After last week's 19% share price decline to HK$3.42, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 6x in the Real Estate industry in Hong Kong. Total returns to shareholders of 13% over the past year. Reported Earnings • Aug 30
First half 2021 earnings released: EPS CN¥0.074 The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: CN¥665.2m (up 47% from 1H 2020). Net income: CN¥86.5m (up 42% from 1H 2020). Profit margin: 13% (in line with 1H 2020). Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥4.20, the stock trades at a trailing P/E ratio of 38.8x. Average trailing P/E is 7x in the Real Estate industry in Hong Kong. Reported Earnings • Apr 24
Full year 2020 earnings released: EPS CN¥0.09 (vs CN¥0.058 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.03b (up 28% from FY 2019). Net income: CN¥106.1m (up 56% from FY 2019). Profit margin: 10% (up from 8.5% in FY 2019). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥3.88, the stock trades at a trailing P/E ratio of 36.2x. Average trailing P/E is 8x in the Real Estate industry in Hong Kong. Announcement • Mar 17
C&D Property Management Group Co. Limited to Report Fiscal Year 2020 Results on Mar 26, 2021 C&D Property Management Group Co. Limited announced that they will report fiscal year 2020 results on Mar 26, 2021 
