Lyon: Upgrade to Poly Property Group (06049.HK) target price to 37.1 Hong Kong dollars, maintaining an "outperform" rating.

Zhitan Finance APP learned that, according to a research report by Lyon, as the real estate market in mainland high-tier cities begins to stabilize, the market's concerns about property management companies' exposure to real estate-related risks may gradually ease. Poly Property (06049.HK), the parent company of Poly Development, a leading state-owned developer, is well positioned to capture the return of housing demand, reducing the downward profit risks for Poly Property, and improving visibility of project deliveries and a more stable demand for developer-related services. The rating of "outperforming the market" is maintained, with the target price raised from 36.6 Hong Kong dollars to 37.1 Hong Kong dollars.