reports
Increased risk weighs on JOY CITY PROPERTY, penalising its rating dow...
The independent financial analyst theScreener just lowered the general evaluation of JOY CITY PROPERTY (HK), active in the Real Estate Holding & Development industry. As regards its fundamental valuation, the title still shows 3 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date January ...
- Phillip Zhong
Morningstar | Faster Growth Ahead, New Strategy and Restructuring Heig...
We initiate coverage of Joy City Property with no-moat and stable moat trend ratings, and a fair value estimate of HKD 1.20 per share. Joy City Property is a real estate developer in China. It stands out as one of the few domestic companies that have succeeded in developing and managing quality retail assets, a segment long dominated by Hong Kong players. Our fair value estimate implies a price/book ratio of 0.5 times, a forward PE of 11 times, and enterprise value to EBITDA of 9 times. Our val...
- Phillip Zhong
Morningstar | Brand and Execution to Fuel Expansion, but Asset Light a...
While most Chinese developers focus on development properties, emphasizing short construction cycles and aggressive presales to achieve quick asset turnover, Joy City Property stands out as one that succeeded in developing and managing quality retail assets.The company’s flagship brand, Joy City, is regarded as a destination for 18- to 35-year-old consumers, providing extensive lifestyle brands, along with entertainment and dining options. Its portfolio has performed admirably, with two of its...
- Phillip Zhong
Faster Growth Ahead, New Strategy and Restructuring Heightens Uncertai...
We initiate coverage of Joy City Property with no-moat and stable moat trend ratings, and a fair value estimate of HKD 1.20 per share. Joy City Property is a real estate developer in China. It stands out as one of the few domestic companies that have succeeded in developing and managing quality retail assets, a segment long dominated by Hong Kong players. Our fair value estimate implies a price/book ratio of 0.5 times, a forward PE of 11 times, and enterprise value to EBITDA of 9 times. Our va...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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