Tai Sang Land Development Limited (HK:0089)
:0089
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Tai Sang Land Development Limited
(0089)
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Rating:54Neutral
Price Target:
HK$2.50
▲(13.64% Upside)
Action:Reiterated
Date:04/30/26
The score is primarily constrained by materially deteriorating operating performance (sharp 2025 revenue decline and multi-year net losses). Moderate leverage and positive recent operating/free cash flow provide partial support, while technical indicators and valuation are broadly neutral given sideways price action and a negative P/E despite a mid-level dividend yield.
Positive Factors
Stable income-producing property model
Owning and managing income-producing properties creates recurring rental revenue and operational scale. This business model typically delivers predictable cash flows, supports occupancy-driven income through cycles, and allows selective development when market conditions justify reinvestment.
Negative Factors
Severe 2025 revenue contraction
A roughly 78% revenue decline in 2025 is a material structural setback that reduces operating scale and weakens pricing/occupancy economics. Such a drastic top-line drop impairs fixed-cost absorption and makes restoring consistent earnings and long-term growth materially more challenging.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable income-producing property model
Owning and managing income-producing properties creates recurring rental revenue and operational scale. This business model typically delivers predictable cash flows, supports occupancy-driven income through cycles, and allows selective development when market conditions justify reinvestment.
Read all positive factors
Tai Sang Land Development Limited (0089) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$641.50M
Dividend Yield3.6%
Average Volume (3M)29.97K
Price to Earnings (P/E)―
Beta (1Y)0.38
Revenue Growth-2.13%
EPS Growth22.74%
CountryHK
Employees261
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.89
Shares Outstanding287,669,680
10 Day Avg. Volume67,184
30 Day Avg. Volume29,973
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)0.08
Price to Sales (P/S)1.34
P/FCF Ratio4.52
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
Tai Sang Land Development Limited Business Overview & Revenue Model
Company Description
Tai Sang Land Development Limited, an investment holding company, engages in the investment, development, management, resale, and rental of properties in Hong Kong and North America. The company is also involved in the provision of catering, estat...
How the Company Makes Money
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Tai Sang Land Development Limited Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
67
Positive
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 472.21M | 481.55M | 487.06M | 440.80M | 407.95M |
| Gross Profit | 249.67M | 298.61M | 303.62M | 292.64M | 271.51M |
| EBITDA | -94.53M | -162.40M | -16.66M | 176.53M | 153.13M |
| Net Income | -257.61M | -333.41M | -185.66M | 360.12M | 633.62M |
Balance Sheet | |||||
| Total Assets | 11.27B | 11.53B | 11.89B | 12.13B | 11.83B |
| Cash, Cash Equivalents and Short-Term Investments | 119.50M | 123.44M | 108.36M | 134.13M | 112.18M |
| Total Debt | 2.65B | 2.63B | 2.58B | 2.58B | 2.51B |
| Total Liabilities | 3.02B | 2.99B | 2.98B | 3.02B | 3.02B |
| Stockholders Equity | 7.98B | 8.26B | 8.62B | 8.84B | 8.56B |
Cash Flow | |||||
| Free Cash Flow | 139.91M | 157.60M | 159.01M | 65.43M | 38.66M |
| Operating Cash Flow | 140.63M | 167.58M | 162.59M | 103.20M | 102.38M |
| Investing Cash Flow | -22.05M | -8.87M | -19.44M | -65.86M | -142.43M |
| Financing Cash Flow | -122.54M | -143.63M | -168.93M | -15.31M | 10.87M |
Tai Sang Land Development Limited Technical Analysis
Negative
2.20
Price Trends
2.26
Negative
2.30
Negative
2.24
Negative
Market Momentum
-0.01
Positive
44.74
Neutral
23.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0089, the sentiment is Negative. The current price of 2.2 is below the 20-day moving average (MA) of 2.26, below the 50-day MA of 2.26, and below the 200-day MA of 2.24, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 44.74 is Neutral, neither overbought nor oversold. The STOCH value of 23.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0089.
Tai Sang Land 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% | |
56 Neutral | HK$600.10M | -5.73 | -2.19% | ― | -6.24% | 34.53% | |
54 Neutral | HK$641.50M | -2.85 | -3.21% | 3.60% | -2.13% | 22.74% | |
53 Neutral | HK$799.31M | -0.14 | -6.18% | 3.33% | -24.43% | 25.70% | |
50 Neutral | HK$550.32M | 1.41 | 242.95% | ― | 16.09% | 69.95% | |
47 Neutral | HK$581.75M | -1.93 | -4.89% | 6.05% | 6.17% | 63.88% | |
43 Neutral | HK$485.04M | -0.63 | -7.05% | ― | -7.97% | 19.98% |
* Real Estate Sector Average
HK:0089
Tai Sang Land Development Limited
2.23
0.55
32.74%
HK:0367
Chuang's Consortium International
0.29
-0.06
-17.14%
HK:0655
Hongkong Chinese Limited
0.42
0.17
69.35%
HK:0224
Pioneer Global Group Limited
0.52
-0.08
-13.33%
HK:0225
Pokfulam Development Co. Ltd.
5.28
0.45
9.34%
HK:0432
Pacific Century Premium Developments Limited
0.27
0.07
35.00%
Tai Sang Land Development Limited Corporate Events
Tai Sang Land Sets 2026 AGM to Approve Dividend, Board Mandates
Apr 27, 2026
Tai Sang Land Development Limited has convened its Annual General Meeting for 22 May 2026 in Hong Kong, where shareholders will receive the audited financial statements for the year ended 31 December 2025 and vote on a proposed final dividend. The...
Tai Sang Land Declares HKD 0.05 Final Dividend for 2025
Mar 27, 2026
Tai Sang Land Development Limited has proposed a final ordinary dividend of HKD 0.05 per share for the financial year ended 31 December 2025, reflecting its latest decision on capital return to shareholders. The payout, subject to shareholder appr...
Tai Sang Land Moves to Modernize Articles for Digital Governance and New HK Rules
Mar 27, 2026
Tai Sang Land Development Limited plans to adopt a new set of articles of association to align its constitutional documents with recent changes to Hong Kong company law and stock exchange rules. The revisions are intended to accommodate the treasu...
Tai Sang Land Sets March Board Meeting to Approve 2025 Final Results and Dividend
Mar 11, 2026
Tai Sang Land Development Limited announced that its board of directors will meet on 27 March 2026 to approve the consolidated final results for the financial year ended 31 December 2025 and to consider the declaration of a final dividend. The mov...
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.