Tai Sang Land Development Limited (0089) AI Stock Analysis

• Market Cap: HK$667.39M
• Dividend Yield: 3.6%
• Average Volume (3M): 29.97K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.31
• Revenue Growth: -4.31%
• EPS Growth: 19.29%
• Country: HK
• Employees: 261
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): -0.70
• Shares Outstanding: 287,669,680
• 10 Day Avg. Volume: 67,184
• 30 Day Avg. Volume: 29,973
• PEG Ratio: -0.02
• Price to Book (P/B): 0.06
• Price to Sales (P/S): 1.07
• P/FCF Ratio: 3.27
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: HK$2.50 ▲(13.64% Upside)

The overall stock score is primarily impacted by the company's poor financial performance, characterized by declining revenue, negative profitability, and cash flow issues. While technical analysis shows a bullish trend, the negative P/E ratio and financial challenges weigh heavily on the stock's attractiveness. The dividend yield offers some compensation, but strategic improvements are necessary for long-term sustainability.

Positive Factors

Stable Equity Base

A strong equity base provides financial stability and a buffer against economic downturns, supporting long-term operational sustainability.

Diverse Revenue Streams

Diversified operations in property development and investment help mitigate risks associated with market fluctuations in any single sector.

Dividend Yield

A consistent dividend yield can attract income-focused investors, providing a stable return even amid financial challenges.

Negative Factors

Declining Revenue

Continuous revenue decline indicates challenges in market competitiveness and demand, impacting long-term growth prospects.

Negative Profitability

Negative profitability reflects operational inefficiencies and cost management issues, threatening the company's financial health.

Cash Flow Issues

Lack of cash flow generation limits the company's ability to invest in growth opportunities and meet financial obligations.

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, estate management, and agency services; operation and management of hotels; rental of motor vehicles; operation of a club house; money lending activities; and restaurant license and trademark holding business. Its portfolio of properties includes residential, industrial, commercial, and shop properties. The company was formerly known as Tai Mau Company Limited and changed its name to Tai Sang Land Development Limited in January 1973. Tai Sang Land Development Limited was incorporated in 1968 and is based in Wong Chuk Hang, Hong Kong.

How the Company Makes Money

Tai Sang Land Development Limited generates revenue primarily through the sale and leasing of its developed properties. The company invests in land acquisition, which is then developed into residential and commercial buildings. It earns income from property sales upon completion of these developments, as well as from rental income from its investment properties. Additionally, the company may engage in joint ventures or partnerships with other real estate developers, which can provide additional revenue opportunities and shared risks. Factors such as market demand, property location, and economic conditions in Hong Kong significantly impact its earnings.

Tai Sang Land Development Limited Financial Statement Overview

Summary

The company is facing significant financial challenges, with declining revenue, negative profitability, and cash flow issues. Despite a stable balance sheet in terms of equity, 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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	475.94M	481.55M	487.06M	440.80M	407.95M	352.61M
Gross Profit	475.94M	298.61M	303.62M	292.64M	271.51M	265.81M
EBITDA	164.02M	-162.40M	-16.66M	176.53M	153.13M	157.54M
Net Income	-377.29M	-333.41M	-185.66M	360.12M	633.62M	-155.94M
Balance Sheet
Total Assets	11.34B	11.53B	11.89B	12.13B	11.83B	11.11B
Cash, Cash Equivalents and Short-Term Investments	146.51M	123.44M	108.36M	134.13M	112.18M	141.37M
Total Debt	2.52B	2.63B	2.58B	2.58B	2.51B	2.43B
Total Liabilities	3.02B	2.99B	2.98B	3.02B	3.02B	2.97B
Stockholders Equity	8.05B	8.26B	8.62B	8.84B	8.56B	7.90B
Cash Flow
Free Cash Flow	94.85M	157.60M	159.01M	65.43M	38.66M	-169.25M
Operating Cash Flow	96.79M	167.58M	162.59M	103.20M	102.38M	92.13M
Investing Cash Flow	-5.90M	-8.87M	-19.44M	-65.86M	-142.43M	-300.35M
Financing Cash Flow	23.52M	-143.63M	-168.93M	-15.31M	10.87M	237.95M

Tai Sang Land Development Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 2.2 is below the 20-day moving average (MA) of 2.26, below the 50-day MA of 2.27, and above the 200-day MA of 1.98, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 56.91 is Neutral, neither overbought nor oversold. The STOCH value of 95.00 is Negative, 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
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
0021	54 Neutral	HK$405.47M	-11.72	-4.27%	―	1303.01%	-45.00%
0225	52 Neutral	HK$664.38M	-3.08	-4.79%	6.05%	6.17%	63.88%
0089	51 Neutral	HK$667.39M	-1.77	-4.58%	3.60%	-4.31%	19.29%
0727	45 Neutral	HK$286.16M	-42.65	-7.00%	―	-49.07%	94.90%
0277	42 Neutral	HK$407.53M	25.61	0.63%	1.15%	-8.55%	―