Tian An China Investments Co Ltd (HK:0028)
:0028
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Tian An China Investments Co
(0028)
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Rating:63Neutral
Price Target:
HK$4.50
▼(-1.10% Downside)
Action:ReiteratedDate:04/28/26
The score is driven primarily by financials: profitability rebounded and leverage looks moderate, but the latest period’s negative operating/free cash flow is a significant risk to earnings quality. Valuation is a clear positive (low P/E and solid yield), while technicals remain neutral-to-weak with the stock below key moving averages.
Positive Factors
Profitability rebound (2025)
A material return to net profit in 2025 with strong gross and operating margins indicates restored core earnings power and operational leverage. Over 2–6 months this supports sustainable cash generation potential from completed projects and strengthens ability to fund operations and reinvest in development pipelines.
Negative Factors
Profit-to-cash disconnect
Negative operating and free cash flow despite reported profits indicates weak cash conversion and reliance on working capital or non-cash items. Structurally, this raises liquidity and funding risk for development outlays and dividends, increasing dependence on external financing over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability rebound (2025)
A material return to net profit in 2025 with strong gross and operating margins indicates restored core earnings power and operational leverage. Over 2–6 months this supports sustainable cash generation potential from completed projects and strengthens ability to fund operations and reinvest in development pipelines.
Read all positive factors
Tian An China Investments Co (0028) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$6.64B
Dividend Yield2.21%
Average Volume (3M)71.78K
Price to Earnings (P/E)3.8
Beta (1Y)0.44
Revenue Growth248.51%
EPS GrowthN/A
CountryHK
Employees3,646
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.39
Shares Outstanding1,466,069,500
10 Day Avg. Volume96,739
30 Day Avg. Volume71,784
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.24
Price to Sales (P/S)0.64
P/FCF Ratio-23.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Tian An China Investments Co Business Overview & Revenue Model
Company Description
Tian An China Investments Company Limited, an investment holding company, invests in, develops, and manages properties in the People's Republic of China, Hong Kong, the United Kingdom, and Australia. It operates through Property Development, Prope...
How the Company Makes Money
The company primarily makes money through (1) property development revenue: it develops real estate projects and recognizes revenue when completed properties/units are sold and delivered to customers, generating sales proceeds; and (2) rental and ...
Tian An China Investments Co Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
38
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 10.50B | 3.01B | 2.78B | 5.09B | 2.57B |
| Gross Profit | 5.43B | 1.04B | 880.84M | 2.22B | 1.39B |
| EBITDA | 4.86B | 411.71M | 1.49B | 1.86B | 2.38B |
| Net Income | 1.77B | -207.08M | 1.22B | 1.53B | 1.43B |
Balance Sheet | |||||
| Total Assets | 56.06B | 58.41B | 53.47B | 49.25B | 47.19B |
| Cash, Cash Equivalents and Short-Term Investments | 8.65B | 10.68B | 8.27B | 5.39B | 3.85B |
| Total Debt | 5.85B | 8.07B | 7.21B | 6.01B | 7.56B |
| Total Liabilities | 25.68B | 30.25B | 24.51B | 21.74B | 18.98B |
| Stockholders Equity | 28.66B | 26.39B | 27.22B | 26.88B | 27.60B |
Cash Flow | |||||
| Free Cash Flow | -291.56M | 4.03B | 1.73B | 7.67B | 654.45M |
| Operating Cash Flow | -40.14M | 4.23B | 1.96B | 7.69B | 709.51M |
| Investing Cash Flow | -3.26B | -186.13M | 353.31M | -586.72M | -1.19B |
| Financing Cash Flow | -926.28M | -1.38B | 761.90M | -1.81B | -94.54M |
Tian An China Investments Co Technical Analysis
Neutral
4.55
Price Trends
4.49
Negative
4.55
Negative
4.68
Negative
Market Momentum
-0.03
Negative
51.04
Neutral
84.41
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0028, the sentiment is Neutral. The current price of 4.55 is above the 20-day moving average (MA) of 4.33, above the 50-day MA of 4.49, and below the 200-day MA of 4.68, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 51.04 is Neutral, neither overbought nor oversold. The STOCH value of 84.41 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0028.
Tian An China Investments Co Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | HK$6.64B | 3.81 | 7.40% | 2.21% | 248.51% | ― | |
58 Neutral | HK$6.14B | 42.91 | 0.75% | 5.51% | -0.83% | 1.94% | |
52 Neutral | HK$6.94B | -0.76 | -33.25% | ― | -69.64% | 24.14% | |
51 Neutral | HK$6.94B | -1.01 | -8.73% | 10.98% | 154.04% | -139.55% | |
46 Neutral | HK$7.28B | -7.62 | 0.73% | 3.32% | -72.38% | -358.63% | |
45 Neutral | HK$7.15B | 100.00 | 0.04% | 0.98% | 20.60% | 22.39% |
* Real Estate Sector Average
HK:0028
Tian An China Investments Co
4.16
0.11
2.67%
HK:0173
K Wah International Holdings
2.29
0.63
38.03%
HK:0034
Kowloon Development Co
4.70
1.83
63.82%
HK:3380
Logan Property Holdings Co
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0.39
46.43%
HK:0119
Poly Property Group Co
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HK:0604
Shenzhen Investment
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-0.01
-1.30%
Tian An China Investments Co Corporate Events
Tian An China Investments Sets 2026 AGM to Renew Mandates and Board
Apr 24, 2026
Tian An China Investments Company Limited has called its annual general meeting for 20 May 2026 in Hong Kong, where shareholders will consider adopting the audited financial statements and directors’ and auditor’s reports for the year ...
Tian An China Swings to Profit on Surging 2025 Revenue Despite Property Revaluations
Mar 20, 2026
Tian An China Investments Company Limited reported a sharp turnaround in its 2025 results, with revenue surging to HK$10.5 billion from HK$3.0 billion a year earlier and gross profit rising more than fivefold. The group swung to a net profit of HK...
Tian An China Investments Declares HKD 0.2 Interim Dividend in Lieu of Final Payout
Mar 20, 2026
Tian An China Investments Company Limited has declared an interim dividend, in lieu of a final dividend, of HKD 0.2 per share for the financial year ended 31 December 2025. The ex-dividend date is set for 27 April 2026, the record date is 30 April...
Tian An China Expands Mainland Property Portfolio With RMB676 Million Acquisitions
Mar 12, 2026
Tian An China Investments Company, through its indirect wholly owned subsidiaries Liwei Investment and Longyun Consultancy, has agreed to acquire several properties in mainland China from Minghu Investment and Yuncheng Investment. The three deals,...
Tian An China Signals Swing to Up to HK$1.85 Billion Profit on Shanghai Project Handover
Mar 11, 2026
Tian An China Investments has signaled a sharp turnaround for the year ended 31 December 2025, projecting profit attributable to shareholders of between HK$1.65 billion and HK$1.85 billion, compared with a loss of about HK$207.1 million a year ear...
Tian An China Schedules Board Meeting to Approve 2025 Final Results and Consider Dividend
Mar 10, 2026
Tian An China Investments Company Limited has scheduled a board meeting for 20 March 2026 to review and approve the audited final results of the company and its subsidiaries for the financial year ended 31 December 2025, and to authorise their pub...
Tian An China Announces 2026 Retirement of Long-Serving Executive Director
Feb 27, 2026
Tian An China Investments Company Limited announced that long-serving executive director Edwin Lo King Yau will retire from the board with effect from 1 March 2026, ending a tenure that began in 1999 and marking a notable change in the companyR...
Tian An China Investments Sets 2026 Board and Committee Line-Up
Feb 27, 2026
Tian An China Investments Company Limited has announced the composition of its board of directors effective 1 March 2026, led by Chairman Lee Seng Hui and Managing Director Patrick Lee Seng Wei, alongside executive, non-executive and independent n...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.