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$3.50
▼(-23.08% Downside)
Action:Reiterated
Date: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
The material profit recovery in 2025 signals restored earnings power and margin improvement versus the prior loss. Durable higher profitability supports internal funding for projects, strengthens capacity to service debt, and enhances resilience across the property cycle if sustained.
Negative Factors
Profit-to-Cash Disconnect
Negative operating and free cash flow despite reported net income undermines earnings quality and reduces funding available for development or dividends. Over months, this raises reliance on external financing or asset disposals, increasing refinancing and execution risk for projects.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Rebound
The material profit recovery in 2025 signals restored earnings power and margin improvement versus the prior loss. Durable higher profitability supports internal funding for projects, strengthens capacity to service debt, and enhances resilience across the property cycle if sustained.
Read all positive factors
Tian An China Investments Co (0028) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$5.09B
Dividend Yield2.21%
Average Volume (3M)71.78K
Price to Earnings (P/E)2.9
Beta (1Y)0.56
Revenue Growth248.51%
EPS GrowthN/A
CountryHK
Employees3,646
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)1.21
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 entity established in 1986 and based in Wan Chai, Hong Kong, is actively involved in the acquisition, development, and administration of real estate. Its diverse property ventures sp...
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 | 5.40B | 1.04B | 880.84M | 2.22B | 1.39B |
| EBITDA | 4.81B | 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
Negative
4.55
Price Trends
4.04
Negative
4.17
Negative
4.36
Negative
Market Momentum
-0.13
Positive
23.22
Positive
1.04
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0028, the sentiment is Negative. The current price of 4.55 is above the 20-day moving average (MA) of 3.84, above the 50-day MA of 4.04, and above the 200-day MA of 4.36, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 23.22 is Positive, neither overbought nor oversold. The STOCH value of 1.04 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$5.09B | 2.87 | 7.40% | 2.21% | 248.51% | ― | |
53 Neutral | HK$5.61B | -1.29 | -8.73% | 10.98% | 153.96% | -139.55% | |
49 Neutral | HK$6.05B | 46.30 | 0.75% | 5.51% | -19.84% | 1.94% | |
46 Neutral | HK$6.18B | -7.16 | 0.73% | 3.32% | -72.38% | -358.63% | |
44 Neutral | HK$8.07B | -1.43 | -28.70% | ― | -72.09% | 24.14% | |
43 Neutral | HK$6.08B | 24.61 | 0.66% | 0.98% | 20.60% | 22.39% |
* Real Estate Sector Average
HK:0028
Tian An China Investments Co
3.47
-0.66
-15.96%
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K Wah International Holdings
1.96
0.04
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1.81
64.36%
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0.56
65.12%
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Poly Property Group Co
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HK:0604
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-29.21%
Tian An China Investments Co Corporate Events
Tian An China Extends Major Shareholder Loans and Adds New JV Financing
Jun 24, 2026
Tian An China Investments Co, through its indirect wholly owned subsidiaries Tian An (Shenzhen) and TAEC, participates in property-related joint ventures and provides shareholder financing to support group development activities. The group’s...
Tian An China Investors Back All AGM Resolutions, Renew Capital Mandates
May 20, 2026
Tian An China Investments Company Limited reported that all resolutions proposed at its 20 May 2026 annual general meeting were approved by shareholders by large majorities, including adoption of the 2025 audited financial statements and re-electi...
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 ...
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.