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GR Properties Limited (HK:0108)
:0108
Hong Kong Market
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GR Properties Limited (0108) AI Stock Analysis

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HK:0108

GR Properties Limited

(0108)

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Neutral 46 (OpenAI - 5.2)
Rating:46Neutral
Price Target:
HK$2.50
▲(30.89% Upside)
Action:Reiterated
Date:05/11/26
The score is held down primarily by inconsistent and loss-making reported earnings alongside increased leverage, despite improving operating cash flow and strong 2025 free cash flow. Technically, the stock shows weak momentum (below key moving averages with negative MACD), and valuation signals are constrained by the negative P/E and lack of dividend data.
Positive Factors
Improved cash generation
Sustained positive operating cash flow through 2023–2025 and a strong 2025 free cash flow figure (~75M) provide lasting internal funding for operations, capex and debt servicing. This durable cash generation cushions the business against earnings volatility and supports strategic investments or refinancing over the next 2–6 months.
Negative Factors
Persistent net losses
Frequent net losses across multiple years reflect structural bottom-line weakness that erodes retained earnings and limits internal reinvestment capacity. Persistent losses reduce financial resilience, constrain dividend capacity, and heighten dependence on external financing or asset sales to fund growth or debt obligations.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved cash generation
Sustained positive operating cash flow through 2023–2025 and a strong 2025 free cash flow figure (~75M) provide lasting internal funding for operations, capex and debt servicing. This durable cash generation cushions the business against earnings volatility and supports strategic investments or refinancing over the next 2–6 months.
Read all positive factors

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

GR Properties Limited Business Overview & Revenue Model

Company Description
GR 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 propert...

GR Properties Limited Financial Statement Overview

Summary
Cash generation is the key positive (positive operating cash flow in 2023–2025 and solid 2025 free cash flow with strong growth), but reported profitability remains weak and volatile with net losses in four of the last five years and a deeply negative 2025 net margin. Leverage increased materially in 2025 (higher debt-to-equity), reducing financial flexibility.
Income Statement
36
Negative
Balance Sheet
46
Neutral
Cash Flow
58
Neutral
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue327.91M310.02M352.64M352.28M331.33M
Gross Profit326.45M220.08M275.88M279.56M250.04M
EBITDA65.54M-840.68M61.70M-194.62M245.17M
Net Income-109.63M-918.50M-129.31M-320.13M207.63M
Balance Sheet
Total Assets5.74B5.42B6.41B6.24B6.89B
Cash, Cash Equivalents and Short-Term Investments312.76M311.31M316.82M365.00M304.05M
Total Debt2.89B1.91B2.70B2.39B2.17B
Total Liabilities3.65B3.29B3.31B2.99B3.03B
Stockholders Equity2.09B2.13B3.10B3.25B3.86B
Cash Flow
Free Cash Flow75.38M79.13M103.25M-179.96M-32.50M
Operating Cash Flow121.78M80.28M104.22M-179.04M-31.63M
Investing Cash Flow-214.24M7.95M-327.49M-136.66M64.19M
Financing Cash Flow14.28M-199.13M173.70M351.88M-43.75M

GR Properties Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price1.91
Price Trends
50DMA
2.68
Negative
100DMA
2.69
Negative
200DMA
2.37
Negative
Market Momentum
MACD
-0.09
Positive
RSI
41.29
Neutral
STOCH
42.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0108, the sentiment is Negative. The current price of 1.91 is below the 20-day moving average (MA) of 2.48, below the 50-day MA of 2.68, and below the 200-day MA of 2.37, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 41.29 is Neutral, neither overbought nor oversold. The STOCH value of 42.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
75
Outperform
HK$840.38M6.41%8.44%14.21%-7.54%
66
Neutral
HK$964.07M9.192.74%16.21%-5.00%-66.14%
65
Neutral
$2.17B12.193.79%4.94%3.15%1.96%
50
Neutral
HK$892.50M-3.16-3.07%6.22%-3.09%62.33%
49
Neutral
HK$1.89B-3.21-3.10%10.10%-2.39%61.81%
46
Neutral
HK$7.76B-68.36-5.12%5.77%88.12%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0108
GR Properties Limited
2.36
1.73
274.60%
HK:0105
Associated International Hotels Limited
5.25
0.42
8.70%
HK:1502
Financial Street Property Co. Limited Class H
2.22
0.26
13.27%
HK:1755
S-Enjoy Service Group Co., Ltd.
2.80
0.00
0.00%
HK:0266
Tian Teck Land Limited
1.88
0.00
0.00%
HK:6989
Excellence Commercial Property & Facilities Management Group Limited
0.79
-0.52
-39.69%

GR Properties Limited Corporate Events

GR Life Style Calls EGM to Seek Mandate for New Consideration Shares
Apr 20, 2026
GR Life Style Company Limited has called an extraordinary general meeting for 11 May 2026 in Central, Hong Kong, seeking shareholder approval for a specific mandate to allot and issue consideration shares tied to certain agreements. The mandate is...
GR Life Style Narrows Annual Loss Despite Higher Costs and Finance Charges
Mar 31, 2026
GR Life Style Company Limited reported revenue of HK$327.9 million for the year ended 31 December 2025, up from HK$310.0 million a year earlier, reflecting modest top-line growth in its property-related operations. However, the group remained loss...
GR Life Style Schedules Board Meeting to Approve 2025 Final Results and Consider Dividend
Mar 18, 2026
GR Life Style Company Limited has scheduled a board meeting for 31 March 2026 to review and approve the audited final results for the financial year ended 31 December 2025. At the same meeting, the board will also consider whether to declare, reco...
GR Life Style Gains Control of Target Firm After First Acquisition Payment
Mar 11, 2026
GR Life Style Company Limited has completed the first payment under share and cash sale and purchase agreements for a proposed acquisition, resulting in the company now holding approximately 78.3% of the target company’s equity. Following th...
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: May 11, 2026