Harbour Centre Development Limited (0051) AI Stock Analysis

• Market Cap: HK$3.12B
• Dividend Yield: 1.14%
• Average Volume (3M): 33.97K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.21
• Revenue Growth: -14.25%
• EPS Growth: 34.57%
• Country: HK
• Employees: 1,200
• Sector: Real Estate
• Sector Strength: 57
• Industry: Real Estate - Development
• EPS (TTM): -0.10
• Shares Outstanding: 708,750,000
• 10 Day Avg. Volume: 23,100
• 30 Day Avg. Volume: 33,966
• PEG Ratio: -1.51
• Price to Book (P/B): 0.22
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 415.80
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 53 Neutral
• Price Target: HK$4.50 ▲(1.58%Upside)

The overall stock score is primarily influenced by mixed financial performance, with a strong balance sheet but declining revenues and persistent net losses. Technical analysis suggests potential for price correction due to overbought conditions, while valuation metrics highlight profitability challenges with a negative P/E ratio. The lack of earnings call data and corporate events means these factors do not influence the score.

Harbour Centre Development Limited Business Overview & Revenue Model

Company Description

Harbour Centre Development Limited, an investment holding company, engages in the hotel ownership, and property investment and development activities in Hong Kong, Mainland China, and internationally. It engages in the acquisition, development, and sale of trading properties, as well as invests in and leases properties. The company also operates The Murray hotel, Marco Polo Hongkong Hotel, Marco Polo Changzhou hotel, and Niccolo Suzhou. In addition, it provides finance and bank deposit services; and engages in the equity investment in global capital markets. The company is based in Kowloon, Hong Kong.

How the Company Makes Money

Harbour Centre Development Limited generates revenue through several key streams. The primary source of income comes from the sale and leasing of residential and commercial properties. The company develops properties and sells them to generate revenue, while also leasing a portion of its portfolio to earn rental income. Additionally, the company invests in premium retail spaces that attract high-end tenants, thereby securing stable and recurring rental income. Harbour Centre Development Limited also benefits from strategic partnerships and joint ventures that enhance its development capabilities and market reach. These collaborations often lead to increased revenue through shared investments in large-scale projects. The company's financial success is also supported by its ability to manage and optimize the value of its investment properties, ensuring long-term growth and sustainability.

Harbour Centre Development Limited Financial Statement Overview

Summary

Harbour Centre Development Limited shows a mixed financial picture. The income statement reveals declining revenues and persistent net losses, signaling challenges in achieving profitability. The balance sheet is strong with a robust equity base and low leverage, indicating financial health. Cash flows are stable but impacted by ongoing losses.

Income Statement

The company has shown a decline in total revenue over the past year, with a decrease from $1,579 million in 2023 to $1,354 million in 2024. While the gross profit margin improved due to better cost management (from 22.4% in 2023 to 58.3% in 2024), the net profit margin remains negative, indicating ongoing profitability challenges. The EBIT and EBITDA margins are moderately healthy, but the overall negative net income affects the score.

Balance Sheet

The balance sheet reflects a strong equity position with a high equity ratio of 89.97% in 2024, indicating financial stability. The debt-to-equity ratio is low at 0.03, showcasing limited leverage, which is a positive sign. Return on equity is negative due to net losses, posing a risk to shareholder value.

Cash Flow

The company has managed steady free cash flow despite fluctuations in operating cash flow, with a slight decline in free cash flow from $253 million in 2023 to $212 million in 2024. The operating cash flow to net income ratio indicates efficiency in converting net income into cash, though the negative net income impacts this assessment.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.35B	1.58B	1.14B	4.48B	3.31B
Gross Profit	790.00M	354.00M	489.00M	1.10B	915.00M
EBITDA	618.00M	129.00M	116.00M	811.00M	-932.00M
Net Income	-70.00M	-107.00M	-227.00M	32.00M	-1.08B
Balance Sheet
Total Assets	15.80B	16.90B	18.85B	20.53B	23.97B
Cash, Cash Equivalents and Short-Term Investments	431.00M	381.00M	634.00M	1.09B	1.29B
Total Debt	365.00M	526.00M	1.10B	1.45B	2.81B
Total Liabilities	1.47B	2.46B	3.52B	4.59B	8.04B
Stockholders Equity	14.22B	14.33B	15.13B	15.62B	15.48B
Cash Flow
Free Cash Flow	212.00M	253.00M	-153.00M	1.10B	163.00M
Operating Cash Flow	224.00M	278.00M	-147.00M	1.13B	170.00M
Investing Cash Flow	-12.00M	44.00M	175.00M	243.00M	152.00M
Financing Cash Flow	-154.00M	-567.00M	-394.00M	-1.61B	-1.00B

Harbour Centre Development Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.43
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0051, the sentiment is Positive. The current price of 4.43 is above the 20-day moving average (MA) of 4.09, above the 50-day MA of 4.02, and below the 200-day MA of 4.65, indicating a neutral trend. The MACD of 0.10 indicates Negative momentum. The RSI at 86.06 is Negative, neither overbought nor oversold. The STOCH value of 96.12 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0051.

Harbour Centre Development Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	66 Neutral	£948.30M	13.94	2.04%	5.25%	11.04%	38.13%
0051	53 Neutral	HK$3.12B	―	-0.49%	1.14%	-14.25%	34.57%
FRTCF	―	$311.76M	―	-11.87%	6.68%	―	―
GZUHF	―	$516.26M	―	-71.13%	―	―	―
KWGPF	―	$147.98M	―	-95.62%	―	―	―
SIOPF	―	$396.02M	―	-380.16%	―	―	―
16H0	―	€316.69M	―	-139.73%	―	―	―

Harbour Centre Development Limited Corporate Events

Harbour Centre Development Limited Successfully Passes All AGM Resolutions

Harbour Centre Development Limited held its Annual General Meeting on 7 May 2025, where all proposed resolutions were passed with significant support. The resolutions included the adoption of financial statements, re-election of directors, re-appointment of auditors, and granting mandates for share buy-back and issuance. The AGM saw active participation from shareholders, with no restrictions or abstentions affecting the voting process.

Harbour Centre Development Limited Announces Board Composition

Harbour Centre Development Limited has announced the composition of its board of directors and the membership of its board committees. The board includes a mix of executive and independent non-executive directors, with Stephen T. H. Ng serving as Chairman. The announcement provides clarity on the roles within the board, which could impact the company’s governance and strategic direction.