Tai Sang Land Development Limited (0089) AI Stock Analysis

• Market Cap: HK$575.34M
• Dividend Yield: 7.5%
• Average Volume (3M): 27.71K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.33
• Revenue Growth: -1.13%
• EPS Growth: -79.58%
• Country: HK
• Employees: 261
• Sector: Real Estate
• Sector Strength: 56
• Industry: Real Estate - Services
• EPS (TTM): -0.61
• Shares Outstanding: 287,669,680
• 10 Day Avg. Volume: 43,040
• 30 Day Avg. Volume: 27,711
• PEG Ratio: -0.06
• Price to Book (P/B): 0.07
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 8.61
• 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: HK$1.50
• Price Target Upside: -29.25% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 52 Neutral
• Price Target: HK$2.00 ▼(-5.66%Downside)

The overall stock score is primarily impacted by significant financial challenges including declining revenue and negative profitability. Technical analysis shows a positive trend, but the RSI indicates potential overvaluation. The high dividend yield is a positive factor, but the negative earnings raise concerns about sustainability. The absence of notable earnings call insights and corporate events leaves the analysis focused on financial performance and technical indicators.

Tai Sang Land Development Limited Business Overview & Revenue Model

Company Description

Tai Sang Land Development Limited (0089) is a Hong Kong-based investment holding company primarily engaged in property development, investment, and management. The company focuses on developing residential, commercial, and industrial properties, catering to various market segments in Hong Kong and the United States. With a diversified portfolio, Tai Sang Land Development Limited is involved in property leasing, property trading, and hotel operations, striving to provide quality real estate solutions and services.

How the Company Makes Money

Tai Sang Land Development Limited generates revenue from several key streams. The primary source is property leasing, where the company earns rental income from its portfolio of residential, commercial, and industrial properties. Additionally, the company engages in property trading, selling developed properties to realize capital gains. Tai Sang Land also operates in the hospitality sector, earning revenue through its hotel operations. Strategic partnerships and joint ventures in property development projects further contribute to its earnings, allowing the company to leverage shared expertise and resources to maximize returns on investment. Factors such as property location, market demand, and economic conditions significantly influence the company's revenue performance.

Tai Sang Land Development Limited Financial Statement Overview

Summary

Tai Sang Land Development Limited faces significant financial challenges, with declining revenue, negative profitability, and cash flow issues. The company's balance sheet is relatively stable in terms of equity, but the ongoing losses and lack of cash flow generation pose substantial risks.

Income Statement

The company has experienced declining revenue over the past two years, with a negative revenue growth rate from 2023 to 2024. The company is facing severe profitability issues, evidenced by negative net profit margins and a declining EBIT margin. The EBIT and EBITDA margins are poor, indicating operational inefficiencies and challenges in cost control.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio, indicating a manageable level of leverage. However, the return on equity is negative due to consistent net losses, which is a concern for shareholder returns. The equity ratio is relatively strong, suggesting the company has a solid equity base compared to its total assets.

Cash Flow

The cash flow situation is troubling, with zero operating and free cash flow in 2024, indicating liquidity issues. The operating cash flow to net income ratio is not available due to negative net income, and the free cash flow to net income ratio reflects cash flow challenges. The lack of positive cash flow growth signals potential difficulties in sustaining operations without external financing.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	481.55M	487.06M	440.80M	407.95M	352.61M
Gross Profit	298.61M	303.62M	292.64M	271.51M	265.81M
EBITDA	-162.40M	-16.66M	176.53M	153.13M	157.54M
Net Income	-333.41M	-185.66M	360.12M	633.62M	-155.94M
Balance Sheet
Total Assets	11.53B	11.89B	12.13B	11.83B	11.11B
Cash, Cash Equivalents and Short-Term Investments	123.44M	108.36M	134.13M	112.18M	141.37M
Total Debt	2.63B	2.58B	2.58B	2.51B	2.43B
Total Liabilities	2.99B	2.98B	3.02B	3.02B	2.97B
Stockholders Equity	8.26B	8.62B	8.84B	8.56B	7.90B
Cash Flow
Free Cash Flow	157.60M	159.01M	65.43M	38.66M	-169.25M
Operating Cash Flow	167.58M	162.59M	103.20M	102.38M	92.13M
Investing Cash Flow	-8.87M	-19.44M	-65.86M	-142.43M	-300.35M
Financing Cash Flow	-143.63M	-168.93M	-15.31M	10.87M	237.95M

Tai Sang Land Development Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.12
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0089, the sentiment is Positive. The current price of 2.12 is above the 20-day moving average (MA) of 1.96, above the 50-day MA of 1.86, and above the 200-day MA of 1.77, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 56.56 is Neutral, neither overbought nor oversold. The STOCH value of 67.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0089.

Tai Sang Land Development Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0225	62 Neutral	HK$639.04M	―	-10.79%	6.21%	-4.53%	-22.06%
0021	55 Neutral	HK$528.71M	30.93	2.08%	―	450.21%	―
Sector *	53 Neutral	$1.18B	3.64	-0.04%	6.26%	-2.24%	-136.10%
0089	52 Neutral	HK$575.34M	―	-3.95%	7.50%	-1.13%	-79.58%
0277	49 Neutral	HK$499.02M	―	-2.14%	0.94%	1.66%	-51.60%
0727	46 Neutral	HK$435.61M	18.59	6.51%	―	-39.27%	―
2292	43 Neutral	HK$518.40M	―	-8.20%	―	8.54%	-54.48%

Tai Sang Land Development Limited Corporate Events

Tai Sang Land Development Updates Nomination Committee Terms

Tai Sang Land Development Limited has announced amendments to the terms of reference for its Nomination Committee, which is responsible for overseeing the structure, composition, and performance of the company’s board of directors. The changes include ensuring diversity in gender among committee members and emphasizing the role of independent non-executive directors. This move is aimed at enhancing corporate governance and aligning the board’s composition with the company’s strategic goals, potentially impacting the company’s operational effectiveness and stakeholder confidence.

Tai Sang Land Development Limited Passes All AGM Resolutions with Unanimous Support

Tai Sang Land Development Limited successfully passed all resolutions at its Annual General Meeting held on May 19, 2025. The resolutions included the approval of audited financial statements, declaration of a final dividend, re-election of directors, and re-appointment of auditors. Additionally, the company granted mandates to its directors for share buybacks and issuance, reflecting strong shareholder support and confidence in the company’s strategic direction.

Tai Sang Land Development Limited Announces Board Committee Appointments

Tai Sang Land Development Limited has announced new appointments to its board committees, effective from May 19, 2025. Ms. Amy Ma Ching Sau, Mr. Aaron Tan Leng Cheng, and Mr. Ho Chi Keung have been appointed to the nomination and remuneration committees, respectively. These changes are expected to strengthen the company’s governance and strategic decision-making processes, potentially impacting its operational efficiency and stakeholder confidence.