Want to see HK:0089 full AI Analyst Report?
Top Page
Tai Sang Land Development Limited
(0089)
Select Model
Select Model
Rating:54Neutral
Price Target:
HK$2.00
▼(-9.09% Downside)
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
Recurring rental income model
Owning and leasing investment properties creates a recurring rental income base that underpins predictable cash inflows. Over 2–6 months this business model offers durable revenue resilience versus transactional developers, supporting operating stability and long‑run tenant relationship value.
Negative Factors
Severe 2025 revenue collapse
A ~78% revenue drop in 2025 materially shrinks the recurring income base and undermines fixed-cost absorption. Such a structural hit can reduce rent roll predictability, strain tenant service capabilities and necessitate asset or leasing remediation; recovery may take multiple quarters and pressure margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring rental income model
Owning and leasing investment properties creates a recurring rental income base that underpins predictable cash inflows. Over 2–6 months this business model offers durable revenue resilience versus transactional developers, supporting operating stability and long‑run tenant relationship value.
Read all positive factors
Tai Sang Land Development Limited (0089) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$563.83M
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
As an investment holding firm, Tai Sang Land Development Limited operates in both Hong Kong and North America, with core activities spanning the acquisition, development, management, sale, and leasing of real estate. Its diverse property holdings ...
How the Company Makes Money
Tai Sang Land Development Limited primarily makes money by owning investment properties and leasing them to tenants. Its core revenue stream is rental income collected under tenancy agreements (typically from commercial and/or residential leasing,...
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
2.15
Negative
2.21
Negative
2.20
Negative
Market Momentum
-0.06
Positive
21.46
Positive
18.32
Positive
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 above the 20-day moving average (MA) of 2.06, above the 50-day MA of 2.15, and below the 200-day MA of 2.20, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 21.46 is Positive, neither overbought nor oversold. The STOCH value of 18.32 is Positive, 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% | |
59 Neutral | HK$799.31M | -0.62 | -6.18% | 3.33% | -24.43% | 25.70% | |
56 Neutral | HK$600.10M | -3.71 | -2.19% | ― | -7.15% | ― | |
54 Neutral | HK$563.83M | -2.20 | -3.21% | 3.60% | -2.13% | 22.74% | |
50 Neutral | HK$444.34M | -6.88 | 242.95% | ― | 16.09% | 69.95% | |
47 Neutral | HK$583.95M | -14.32 | -0.94% | 6.05% | -0.96% | 91.94% | |
43 Neutral | HK$434.86M | -0.81 | -7.05% | ― | 36.56% | 45.41% |
* Real Estate Sector Average
HK:0089
Tai Sang Land Development Limited
1.96
0.18
9.87%
HK:0367
Chuang's Consortium International
0.26
-0.07
-21.21%
HK:0655
Hongkong Chinese Limited
0.40
0.13
48.15%
HK:0224
Pioneer Global Group Limited
0.52
-0.09
-14.75%
HK:0225
Pokfulam Development Co. Ltd.
5.30
0.42
8.52%
HK:0432
Pacific Century Premium Developments Limited
0.22
<0.01
3.81%
Tai Sang Land Development Limited Corporate Events
Tai Sang Land Wins Strong Shareholder Backing for Governance and Capital Mandates
May 22, 2026
Shareholders of Tai Sang Land Development Limited overwhelmingly approved all resolutions at the annual general meeting held on 22 May 2026, including the receipt of the 2025 audited financial statements, the declaration of a final dividend and th...
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...
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.