Harbour Centre Development Limited (HK:0051)
:0051
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Harbour Centre Development Limited
(0051)
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Rating:54Neutral
Price Target:
HK$5.00
▲(16.01% Upside)
Action:ReiteratedDate:10/14/25
Harbour Centre Development Limited's overall stock score is primarily influenced by its strong balance sheet and stable cash flows, which are offset by declining revenues and persistent net losses. Technical analysis indicates neutral momentum, while valuation is hindered by a negative P/E ratio. The absence of earnings call and corporate events data limits further insights.
Positive Factors
Balance-sheet strength
An equity ratio near 90% and minimal leverage give the company durable financial resilience. Low debt reduces refinancing and interest risk, supports capital allocation for maintenance or selective investments, and preserves flexibility during property cycles over the next several quarters.
Negative Factors
Declining revenue trend
A sustained revenue decline reduces operating leverage and undermines long-term profitability. For a landlord, falling rents or occupancy can erode recurring cash flow and limit reinvestment into assets, increasing the risk that margins and distributions will remain pressured across several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength
An equity ratio near 90% and minimal leverage give the company durable financial resilience. Low debt reduces refinancing and interest risk, supports capital allocation for maintenance or selective investments, and preserves flexibility during property cycles over the next several quarters.
Read all positive factors
Harbour Centre Development Limited (0051) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$3.08B
Dividend Yield1.16%
Average Volume (3M)11.31K
Price to Earnings (P/E)―
Beta (1Y)0.38
Revenue Growth-9.42%
EPS Growth-153.41%
CountryHK
Employees1,200
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.05
Shares Outstanding708,750,000
10 Day Avg. Volume9,800
30 Day Avg. Volume11,310
Financial Highlights & Ratios
PEG Ratio1.48
Price to Book (P/B)0.25
Price to Sales (P/S)2.61
P/FCF Ratio16.67
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
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, an...
How the Company Makes Money
Harbour Centre Development Limited generates revenue primarily through rental income from its commercial and retail properties. The company leases space to various tenants, including retail brands and corporate offices, which provides a steady str...
Harbour Centre Development Limited Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.39B | 1.35B | 1.58B | 1.14B | 4.48B | 3.31B |
| Gross Profit | 677.00M | 790.00M | 354.00M | 489.00M | 1.10B | 915.00M |
| EBITDA | 498.00M | 618.00M | 129.00M | 116.00M | 737.00M | -932.00M |
| Net Income | -261.00M | -70.00M | -107.00M | -197.00M | -24.00M | -1.12B |
Balance Sheet | ||||||
| Total Assets | 16.09B | 15.80B | 16.90B | 18.85B | 20.53B | 23.97B |
| Cash, Cash Equivalents and Short-Term Investments | 596.00M | 431.00M | 381.00M | 634.00M | 1.09B | 1.29B |
| Total Debt | 429.00M | 365.00M | 526.00M | 1.10B | 1.45B | 2.81B |
| Total Liabilities | 1.39B | 1.47B | 2.46B | 3.52B | 4.59B | 8.04B |
| Stockholders Equity | 14.60B | 14.22B | 14.33B | 15.13B | 15.62B | 15.48B |
Cash Flow | ||||||
| Free Cash Flow | 286.00M | 212.00M | 253.00M | -153.00M | 1.10B | 163.00M |
| Operating Cash Flow | 293.00M | 224.00M | 278.00M | -147.00M | 1.13B | 170.00M |
| Investing Cash Flow | 42.00M | -12.00M | 44.00M | 175.00M | 243.00M | 152.00M |
| Financing Cash Flow | -7.00M | -154.00M | -567.00M | -394.00M | -1.61B | -1.00B |
Harbour Centre Development Limited Technical Analysis
Negative
4.31
Price Trends
4.73
Negative
4.53
Negative
4.42
Negative
Market Momentum
-0.10
Positive
27.07
Positive
23.19
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0051, the sentiment is Negative. The current price of 4.31 is below the 20-day moving average (MA) of 4.66, below the 50-day MA of 4.73, and below the 200-day MA of 4.42, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 27.07 is Positive, neither overbought nor oversold. The STOCH value of 23.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0051.
Harbour Centre Development Limited 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% | |
54 Neutral | HK$3.08B | -12.96 | -1.58% | 1.16% | -9.42% | -153.41% | |
54 Neutral | HK$2.45B | -0.73 | -14.14% | 15.28% | -9.95% | -77.31% | |
44 Neutral | HK$532.96M | -0.12 | -55.49% | ― | -29.26% | 88.87% | |
41 Neutral | HK$7.10B | 53.77 | 9.42% | ― | -28.71% | ― | |
41 Neutral | HK$1.37B | -0.20 | -89.23% | ― | -71.42% | -11.91% | |
40 Underperform | HK$1.59B | -0.07 | ― | ― | -22.55% | 30.07% |
* Real Estate Sector Average
HK:0051
Harbour Centre Development Limited
4.35
0.30
7.41%
HK:0035
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0.80
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Guangzhou R&F Properties Co
0.37
-0.56
-60.33%
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0.16
-0.13
-46.21%
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Shimao Property Holdings
0.17
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-75.14%
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Guangdong - Hong Kong Greater Bay Area Holdings Ltd.
6.10
5.10
510.00%
Harbour Centre Development Limited Corporate Events
HCDL Enters New Property Services Agreement to Enhance Operational Efficiency
Nov 28, 2025
Harbour Centre Development Limited, along with Wharf Group and WREIC Group, has entered into a New Master Property Services Agreement effective from January 1, 2026, to December 31, 2028. This agreement aims to regulate ongoing connected transacti...
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.