Tai Sang Land Development Limited (0089) AI Stock Analysis

• Market Cap: HK$707.67M
• Dividend Yield: 3.27%
• Average Volume (3M): 29.97K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.32
• 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: HK$2.50
• Price Target Upside: 4.17% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 54 Neutral
• Price Target: HK$2.50 ▲(4.17% Upside)

The overall stock score of 54 reflects significant financial challenges, including declining revenue and negative profitability, which are major concerns. While technical indicators show bullish momentum, the overbought conditions suggest caution. The valuation is hampered by a negative P/E ratio, though the dividend yield offers some compensation.

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	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: 2.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• 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 2.4 is above the 20-day moving average (MA) of 2.18, above the 50-day MA of 2.09, and above the 200-day MA of 1.80, indicating a bullish trend. The MACD of 0.10 indicates Negative momentum. The RSI at 72.84 is Negative, neither overbought nor oversold. The STOCH value of 83.76 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%
0225	58 Neutral	HK$661.08M	―	-10.79%	6.00%	-4.53%	-22.06%
0089	54 Neutral	HK$707.67M	―	-4.58%	3.27%	-4.31%	19.29%
0021	48 Neutral	HK$389.57M	28.14	-4.27%	―	1303.01%	-45.00%
0727	42 Neutral	HK$352.94M	14.93	6.51%	―	-39.27%	―
0277	42 Neutral	HK$390.90M	―	-2.14%	1.20%	-7.37%	-456.37%

Tai Sang Land Development Limited Corporate Events

Tai Sang Land Development Reports 2025 Interim Financial Results

Tai Sang Land Development Limited announced its interim financial results for the first half of 2025, reporting a decrease in revenue by 2.3% to HK$235.0 million compared to the same period in 2024. The company faced a significant loss of HK$204.5 million, largely due to fair value losses on investment properties, which amounted to HK$195.6 million. Despite these challenges, the company declared an interim dividend of HK3 cents per share, down from HK4 cents in the previous year, indicating a cautious approach amidst financial pressures.

The most recent analyst rating on (HK:0089) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Tai Sang Land Development Limited stock, see the HK:0089 Stock Forecast page.

Tai Sang Land Development Limited Declares Interim Dividend for 2025

Tai Sang Land Development Limited has announced an interim dividend of HKD 0.03 per share for the six months ending June 30, 2025. This announcement reflects the company’s ongoing commitment to providing returns to its shareholders and may influence its market positioning by demonstrating financial stability and shareholder value.

The most recent analyst rating on (HK:0089) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Tai Sang Land Development Limited stock, see the HK:0089 Stock Forecast page.

Tai Sang Land Development Schedules Board Meeting for Interim Results

Tai Sang Land Development Limited has announced a board meeting scheduled for August 27, 2025, to approve the interim results for the first half of the year and consider an interim dividend. This meeting could impact the company’s financial positioning and shareholder returns, reflecting its ongoing operational strategies.