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GR Properties Limited (HK:0108)
:0108
Hong Kong Market

GR Properties Limited (0108) AI Stock Analysis

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HK:0108

GR Properties Limited

(0108)

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Neutral 42 (OpenAI - 5.2)
Rating:42Neutral
Price Target:
HK$2.00
▲(4.71% Upside)
The score is primarily weighed down by weak financial performance (revenue declines, persistent losses, and concerning/absent 2024 operating and free cash flow). Technical indicators are also bearish with price below key moving averages and a negative MACD, while valuation remains unattractive due to a negative P/E tied to ongoing losses.
Positive Factors
Moderate Leverage
A Debt-to-Equity ~0.9 indicates balanced leverage that can support operations and selective investment without extreme refinancing risk. Over 2-6 months this structural capital mix gives the firm flexibility to pursue projects or weather downturns compared with highly leveraged peers.
High Gross & Improved EBIT Margins
Very strong gross and improving EBIT margins point to effective cost control and operational efficiency. If revenue stabilizes, these structural margins could convert to sustained profitability and cash generation, underpinning long-term competitiveness in services.
Solid Equity Base
An equity ratio near 40% provides a durable capital buffer to absorb losses and supports borrowing capacity. This structural balance-sheet strength improves resilience over the medium term and enables strategic options without immediate dilution or distressed financing.
Negative Factors
Declining Revenue Trend
A sustained revenue decline erodes scale and undermines the company’s ability to leverage high margins. Over several months a shrinking top line reduces capacity to cover fixed costs, limits reinvestment, and makes margin improvements harder to sustain absent a clear recovery in demand or new revenue drivers.
Absent Operating Cash Flow
No operating or free cash flow in the latest year signals structural liquidity weakness. Over the medium term this forces reliance on external funding for capex, working capital, or debt service, raising refinancing risk and constraining strategic investments until cash generation normalizes.
Persistent Net Losses and Shrinking Equity
Ongoing net losses and declining equity erode shareholder capital and limit financial flexibility. Structurally this reduces the company’s ability to absorb shocks, raises cost of capital, and may pressure management to dilutive financing or asset sales if profitability and cash flow do not recover.

GR Properties Limited (0108) vs. iShares MSCI Hong Kong ETF (EWH)

GR Properties Limited Business Overview & Revenue Model

Company DescriptionGR Properties Limited (0108) is a prominent player in the real estate sector, specializing in property development, management, and investment. The company operates across various segments, including residential, commercial, and industrial properties, offering a diverse portfolio of real estate solutions tailored to meet the needs of its clients. With a focus on sustainable development and innovative design, GR Properties Limited aims to enhance community living while maximizing property value.
How the Company Makes MoneyGR Properties Limited generates revenue primarily through the sale and leasing of residential and commercial properties. The company earns income from property development projects, where it builds and sells residential units or leases commercial space to businesses, thus securing a steady cash flow. Additionally, GR Properties Limited may engage in property management services, charging fees for managing facilities on behalf of property owners. Strategic partnerships with local contractors and real estate agencies further bolster its revenue streams, enabling the company to optimize project delivery and market reach.

GR Properties Limited Financial Statement Overview

Summary
Financial statements indicate meaningful weakness: declining revenue and substantial net losses (negative net profit margin) drive a low income statement score. Balance sheet leverage is moderate (debt-to-equity ~0.9) but equity has declined and ROE is negative. Cash flow is a major concern with zero reported operating and free cash flows in 2024 and historically volatile cash generation.
Income Statement
42
Neutral
GR Properties Limited has experienced a declining revenue trend over the years, with significant revenue drops in the latest year. The Gross Profit Margin for 2024 was 100%, indicating effective cost management, but the company reported a negative Net Profit Margin due to substantial net losses. The EBIT Margin improved to approximately 71.7% in 2024, showing better operational efficiency compared to the previous years. However, the absence of EBITDA in 2024 limits a complete profit analysis.
Balance Sheet
58
Neutral
The company maintains a moderate Debt-to-Equity Ratio of around 0.9 in 2024, suggesting balanced leverage. However, the Stockholders' Equity has decreased significantly over the years. The Equity Ratio stood at approximately 39.3% in 2024, indicating a strong equity base relative to assets but showing a declining trend. The Return on Equity has been negative due to continued net losses, reflecting challenges in generating returns for shareholders.
Cash Flow
35
Negative
GR Properties Limited's cash flow situation is concerning with zero reported operating and free cash flows in 2024. Historically, cash flows have been volatile, with sporadic positive free cash flows. The lack of recent cash flow data hinders a comprehensive assessment, and the absence of operating cash flow compared to net income signals potential liquidity issues.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue302.53M310.02M352.64M352.28M331.33M296.43M
Gross Profit263.96M220.08M275.88M279.56M250.04M233.38M
EBITDA-845.16M-840.68M61.70M-194.62M245.17M198.71M
Net Income-917.53M-918.50M-129.31M-320.13M207.63M552.00K
Balance Sheet
Total Assets5.68B5.42B6.41B6.24B6.89B6.70B
Cash, Cash Equivalents and Short-Term Investments291.65M311.31M316.82M365.00M304.05M220.71M
Total Debt2.06B1.91B2.70B2.39B2.17B2.17B
Total Liabilities3.49B3.29B3.31B2.99B3.03B3.11B
Stockholders Equity2.19B2.13B3.10B3.25B3.86B3.57B
Cash Flow
Free Cash Flow46.24M79.13M103.25M-179.96M-32.50M-86.68M
Operating Cash Flow46.41M80.28M104.22M-179.04M-31.63M-86.40M
Investing Cash Flow-48.00M7.95M-327.49M-136.66M64.19M14.63M
Financing Cash Flow-199.91M-199.13M173.70M351.88M-43.75M-30.54M

GR Properties Limited Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price1.91
Price Trends
50DMA
3.12
Negative
100DMA
2.52
Positive
200DMA
1.70
Positive
Market Momentum
MACD
-0.06
Positive
RSI
41.06
Neutral
STOCH
10.68
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0108, the sentiment is Neutral. The current price of 1.91 is below the 20-day moving average (MA) of 3.06, below the 50-day MA of 3.12, and above the 200-day MA of 1.70, indicating a neutral trend. The MACD of -0.06 indicates Positive momentum. The RSI at 41.06 is Neutral, neither overbought nor oversold. The STOCH value of 10.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0108.

GR Properties Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
HK$825.44M6.948.63%8.44%16.65%-8.74%
66
Neutral
HK$1.00B3.167.55%16.21%-0.79%-3.46%
65
Neutral
$2.17B12.193.79%4.94%3.15%1.96%
50
Neutral
HK$1.02B-8.14-3.04%6.22%-3.09%62.33%
49
Neutral
HK$1.88B-8.60-3.07%10.10%-2.39%61.81%
42
Neutral
HK$7.37B-8.94-44.97%-16.28%-444.68%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0108
GR Properties Limited
2.56
1.77
224.05%
HK:0105
Associated International Hotels Limited
5.21
0.57
12.28%
HK:1502
Financial Street Property Co. Limited Class H
2.24
0.33
17.28%
HK:1755
S-Enjoy Service Group Co., Ltd.
2.80
-0.11
-3.78%
HK:0266
Tian Teck Land Limited
2.05
0.25
13.89%
HK:6989
Excellence Commercial Property & Facilities Management Group Limited
0.80
-0.40
-33.33%

GR Properties Limited Corporate Events

GR Life Style Signs AI Healthcare Partnership to Diversify Beyond Property
Jan 26, 2026

GR Life Style Company Limited has signed a strategic cooperation memorandum with Mingzhi Medical Technology (Shanghai) Co., Ltd. to accelerate its transition from a traditional property and asset management group into a digital AI-powered healthcare services enterprise. The partnership will integrate the two companies’ resources to develop oncology real-world research capabilities, innovate in traditional Chinese medicine, co-build an end-to-end digital marketing and health management system for pharmaceutical companies, and establish a digital clinical trial collaboration platform, while leveraging GR Life Style’s capital market access and brand influence and Mingzhi Medical’s large oncology data assets and technological strengths. The initiative is positioned as a key step in diversifying GR Life Style’s business mix and creating new profit growth drivers, with management expecting it to improve financial performance and support long-term shareholder value by deepening the group’s exposure to the fast-growing digital healthcare sector in China.

The most recent analyst rating on (HK:0108) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on GR Properties Limited stock, see the HK:0108 Stock Forecast page.

GR Life Style Clarifies Details of Major Share Placing and Shareholding Concentration
Dec 23, 2025

GR Life Style Company Limited issued a clarification regarding its earlier announcement on high concentration of shareholding, correcting details about a share placing by major shareholder Gang Rui International Investment (HK) Limited. The company confirmed that 430 million shares, representing 13.36% of its issued share capital, were placed on 14 November 2025 to 21 investors, of whom 14 were independent third parties, while the remaining seven were directors or a supervisor of its subsidiaries who are not connected with its key executives; all other information in the original announcement remains unchanged, aiming to provide greater transparency around its shareholding structure and address regulatory scrutiny.

The most recent analyst rating on (HK:0108) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on GR Properties Limited stock, see the HK:0108 Stock Forecast page.

GR Life Style Warns of Volatility Amid SFC-Flagged Shareholding Concentration
Dec 22, 2025

GR Life Style Company Limited has disclosed that, as of 9 December 2025, its shareholding is highly concentrated, with two substantial shareholders, both executive directors, holding about 60.66% of issued shares, and a further 17.02% held by 10 shareholders and their related parties, while only 8.96% of shares are in the hands of other investors. The company’s statement, issued at the request of the Hong Kong Stock Exchange following an enquiry and announcement by the Securities and Futures Commission, underscores that this concentration, combined with a share price surge of more than 350% since mid-2025, could lead to substantial price volatility and urges existing and prospective shareholders to exercise extreme caution when trading its stock, while stressing that the identified 10 shareholders are independent third parties and not connected persons of the company or its key executives.

The most recent analyst rating on (HK:0108) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on GR Properties Limited stock, see the HK:0108 Stock Forecast page.

SFC Flags High Shareholding Concentration at GR Life Style After Sharp Price Surge
Dec 22, 2025

Hong Kong-listed GR Life Style Company Limited, traded under stock code 00108, has a tightly held shareholder base dominated by its executive directors and a small group of connected investors, leaving a relatively small free float available to the wider market.

The Securities and Futures Commission has warned of a high concentration of shareholding in GR Life Style, noting that around 91% of the company’s issued shares were controlled by executive directors Wei Chunxian and Sun Zhongmin, related parties and recipients of off-exchange transfers, leaving less than 9% in public hands. This structure, combined with a share price surge of more than fourfold between late June and mid-December 2025, means the stock is vulnerable to sharp price swings on limited trading, prompting regulators to urge investors to exercise extreme caution when dealing in the shares.

The most recent analyst rating on (HK:0108) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on GR Properties Limited stock, see the HK:0108 Stock Forecast page.

GR Properties Expands into Digital Medical Services with Major Acquisition
Dec 5, 2025

GR Properties Limited, through its subsidiary GR Life Style Company Limited, has announced a significant acquisition in the digital medical services sector. The company plans to acquire 100% equity interest in a target company for approximately RMB269.0 million, to be settled by issuing consideration shares. This acquisition, involving several agreements, is expected to enhance GR Properties’ footprint in the digital healthcare industry, aligning with its strategic growth objectives.

The most recent analyst rating on (HK:0108) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on GR Properties Limited stock, see the HK:0108 Stock Forecast page.

GR Properties Limited Engages in Financial Assistance Agreements
Nov 13, 2025

GR Properties Limited, through its subsidiary Beijing Wangangtong, has entered into a Guarantee Agreement and a Mortgage Agreement with Dalian Bank to provide financial assistance to a connected borrower. This involves Beijing Wangangtong bearing joint liability for the borrower’s repayment obligations and mortgaging properties to secure a loan of RMB130 million. The agreements are considered connected transactions under Hong Kong’s Listing Rules, requiring reporting and announcement due to the applicable percentage ratios. This strategic move aims to facilitate the borrower’s loan acquisition while generating a guarantee fee for Beijing Wangangtong.

The most recent analyst rating on (HK:0108) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on GR Properties Limited stock, see the HK:0108 Stock Forecast page.

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.Date of analysis: Jan 31, 2026