Tai Sang Land Development Limited (0089) AI Stock Analysis

• Market Cap: HK$543.70M
• Dividend Yield: 5.29%
• Average Volume (3M): 8.72K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.27
• Revenue Growth: -1.13%
• EPS Growth: -79.58%
• Country: HK
• Employees: 261
• Sector: Real Estate
• Sector Strength: 55
• Industry: Real Estate - Services
• EPS (TTM): -1.16
• Shares Outstanding: 287,669,680
• 10 Day Avg. Volume: 10,030
• 30 Day Avg. Volume: 8,721
• PEG Ratio: -0.07
• Price to Book (P/B): 0.13
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 17.59
• 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

• Rating: 49 Neutral
• Price Target: HK$2.00 ▲(5.82%Upside)

The overall stock score reflects the severe financial challenges facing Tai Sang Land Development Limited, with declining revenue and negative profitability as the most significant factors. While technical indicators show some short-term bullish momentum, the negative P/E ratio and concerns about dividend sustainability highlight valuation concerns.

Tai Sang Land Development Limited Business Overview & Revenue Model

Company Description

Tai Sang Land Development Limited (0089) is a Hong Kong-based company primarily engaged in property investment and development. The company focuses on the acquisition, management, and development of real estate properties, including residential, commercial, and industrial properties. It also provides property management services, ensuring the maintenance and operational efficiency of its assets.

How the Company Makes Money

Tai Sang Land Development Limited generates revenue through several key streams. The primary source of income is rental income from its portfolio of residential, commercial, and industrial properties. This steady stream of income is complemented by property sales, which occur when the company develops and sells real estate assets. Additionally, the company earns fees from property management services it provides, which include maintenance, leasing, and other operational activities for properties owned by both the company and third parties. Strategic partnerships with other real estate firms and developers can also contribute to its earnings by enabling joint ventures and co-development projects. Market conditions, property valuations, and rental demand significantly influence Tai Sang Land Development Limited's revenue generation.

Tai Sang Land Development Limited Financial Statement Overview

Summary

The company is facing severe financial challenges, including declining revenue, negative profitability, and cash flow issues. While the balance sheet shows a moderate debt-to-equity ratio, the ongoing losses and liquidity problems override these positives, posing significant risks to financial health.

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: 1.89
• 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 1.89 is above the 20-day moving average (MA) of 1.80, above the 50-day MA of 1.73, and above the 200-day MA of 1.77, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 68.93 is Neutral, neither overbought nor oversold. The STOCH value of 86.67 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
0225	62 Neutral	HK$577.34M	―	-10.79%	1.53%	-4.53%	-22.06%
0021	55 Neutral	HK$512.81M	30.00	2.08%	―	450.21%	―
Sector *	53 Neutral	$1.18B	3.34	-0.11%	7.12%	-1.52%	-126.00%
0089	49 Neutral	HK$543.70M	―	-3.95%	5.29%	-1.13%	-79.58%
0277	49 Neutral	HK$499.02M	―	-2.14%	0.67%	1.66%	-51.60%
2292	43 Neutral	HK$532.80M	―	-8.20%	―	8.54%	-54.48%
0727	39 Underperform	HK$454.68M	19.40	6.51%	―	―	―

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.

Tai Sang Land Development Announces 2025 AGM Agenda

Tai Sang Land Development Limited has announced its upcoming Annual General Meeting (AGM) scheduled for May 19, 2025, in Hong Kong. Key agenda items include receiving the audited financial statements for 2024, declaring a final dividend, re-electing directors, and re-appointing PricewaterhouseCoopers as auditors. Additionally, the company seeks approval for general mandates to buy back shares and issue new shares, which could influence its market operations and shareholder value.