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GR Properties Limited
(0108)
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Rating:42Neutral
Price Target:
HK$1.50
▼(-21.47% Downside)
Action:Reiterated
Date:07/09/26
The score is primarily held back by weak and volatile profitability (recurring net losses and a significantly negative 2025 net margin) and increased leverage. Technical signals also point to a sustained downtrend, with the stock trading below all key moving averages and negative MACD. Improving operating and free cash flow provides some support but is not yet enough to offset earnings and balance-sheet risk.
Positive Factors
Improving cash generation
Sustained positive operating cash flow and strong free cash flow growth in 2025 indicate the business can generate internal funding for operations and capex. Over 2–6 months this supports liquidity, debt servicing and reinvestment even while accounting profits lag, improving financial resilience.
Negative Factors
Recurring net losses
Chronic net losses and a deeply negative net margin erode retained earnings and limit capital available for growth or dividends. Persisting losses suggest structural issues (non-operating costs or impairments) that can impair long-term returns and investor confidence absent clear remediation.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving cash generation
Sustained positive operating cash flow and strong free cash flow growth in 2025 indicate the business can generate internal funding for operations and capex. Over 2–6 months this supports liquidity, debt servicing and reinvestment even while accounting profits lag, improving financial resilience.
Read all positive factors
GR Properties Limited (0108) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$6.08B
Dividend YieldN/A
Average Volume (3M)3.82M
Price to Earnings (P/E)―
Beta (1Y)1.21
Revenue Growth2.63%
EPS Growth88.12%
CountryHK
Employees438
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.03
Shares Outstanding3,321,374,000
10 Day Avg. Volume3,511,100
30 Day Avg. Volume3,824,309
Financial Highlights & Ratios
PEG Ratio0.77
Price to Book (P/B)8.00
Price to Sales (P/S)21.48
P/FCF Ratio99.41
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
GR Properties Limited Business Overview & Revenue Model
Company Description
GR Life Style Co., Ltd. primarily operates as an investment holding enterprise, also focusing on real estate development. Its business activities are structured across three key divisions: managing properties, developing new real estate projects, ...
How the Company Makes Money
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GR Properties Limited Financial Statement Overview
Summary
Income Statement
36
Negative
Balance Sheet
46
Neutral
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 348.91M | 310.02M | 352.64M | 352.28M | 331.33M |
| Gross Profit | 347.44M | 220.08M | 275.88M | 279.56M | 250.04M |
| EBITDA | 18.88M | -840.68M | 61.70M | -194.62M | 245.17M |
| Net Income | -109.63M | -918.50M | -129.31M | -320.13M | 207.63M |
Balance Sheet | |||||
| Total Assets | 5.74B | 5.42B | 6.41B | 6.24B | 6.89B |
| Cash, Cash Equivalents and Short-Term Investments | 312.76M | 311.31M | 316.82M | 365.00M | 304.05M |
| Total Debt | 2.89B | 1.91B | 2.70B | 2.39B | 2.17B |
| Total Liabilities | 4.80B | 3.29B | 3.31B | 2.99B | 3.03B |
| Stockholders Equity | 936.36M | 2.13B | 3.10B | 3.25B | 3.86B |
Cash Flow | |||||
| Free Cash Flow | 75.38M | 79.13M | 103.25M | -179.96M | -32.50M |
| Operating Cash Flow | 121.78M | 80.28M | 104.22M | -179.04M | -31.63M |
| Investing Cash Flow | -214.24M | 7.95M | -327.49M | -136.66M | 64.19M |
| Financing Cash Flow | 14.28M | -199.13M | 173.70M | 351.88M | -43.75M |
GR Properties Limited Technical Analysis
Negative
1.91
Price Trends
2.17
Negative
2.42
Negative
2.51
Negative
Market Momentum
-0.10
Positive
39.95
Neutral
45.84
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 2.01, below the 50-day MA of 2.17, and below the 200-day MA of 2.51, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 39.95 is Neutral, neither overbought nor oversold. The STOCH value of 45.84 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$6.91B | 10.20 | 3.35% | 5.29% | -9.69% | -9.25% | |
70 Outperform | HK$11.79B | 7.80 | 23.68% | 3.82% | 6.30% | -9.60% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | HK$39.44B | 20.49 | 1.35% | 5.92% | -11.49% | -20.93% | |
58 Neutral | HK$74.99B | -17.64 | -2.32% | 5.04% | -0.75% | -577.88% | |
47 Neutral | HK$583.95M | -14.32 | -0.94% | 6.05% | -0.96% | 91.94% | |
42 Neutral | HK$6.08B | -53.82 | -7.01% | ― | 2.63% | 88.12% |
* Real Estate Sector Average
HK:0108
GR Properties Limited
1.83
1.05
134.62%
HK:2669
China Overseas Property Holdings
3.59
-1.69
-32.06%
HK:0101
Hang Lung Properties
7.58
0.55
7.78%
HK:0071
Miramar Hotel & Investment Co
10.00
0.68
7.34%
HK:1997
Wharf Real Estate Investment Co
24.70
2.65
12.02%
HK:0225
Pokfulam Development Co. Ltd.
5.30
0.13
2.59%
GR Properties Limited Corporate Events
GR Life Style Reshapes Shareholding Structure After SFC Concentration Warning
Jun 30, 2026
GR Life Style Company Limited has disclosed an updated analysis of its shareholding structure as of 3 June 2026, following a prior Securities and Futures Commission notice highlighting high shareholder concentration in late 2025. The board engaged...
GR Life Style Wins Shareholder Backing for Name Change and Capital Mandates at AGM
Jun 26, 2026
Shareholders of GR Life Style Company Limited approved all resolutions at the 26 June 2026 annual general meeting, including the adoption of the 2025 audited accounts, re-election of executive and independent non-executive directors, and the appoi...
GR Life Style to Replace Ernst & Young with BDO to Boost Audit Efficiency and Cut Costs
Jun 26, 2026
GR Life Style Company Limited plans to replace Ernst Young as its auditor with BDO for the financial year ending 31 December 2026, subject to shareholder approval at the 2026 annual general meeting. The audit committee had previously been satisfi...
GR Life Style clarifies register closure details for upcoming AGM
Jun 8, 2026
GR Life Style Company Limited has issued a clarification regarding the closure of its register of members in connection with its upcoming annual general meeting. The company has corrected the record date and closure period for its share register t...
GR Life Style Calls 2026 AGM, Seeks Share Issuance Mandate and New Auditor
Jun 4, 2026
GR Life Style Company Limited has called its annual general meeting for 26 June 2026 in Central, Hong Kong, where shareholders will review and adopt the audited consolidated financial statements for the year ended 31 December 2025 and the accompan...
GR Life Style Proposes Replacing Ernst & Young With BDO as Auditor
Jun 4, 2026
GR Life Style Company Limited plans to change its external auditor, with the current mandate of Ernst Young set to end at the conclusion of its 2026 annual general meeting, after which it intends to appoint BDO Limited for the 2026 financial year...
GR Life Style Plans Rebranding as SR Medical Technology
May 27, 2026
GR Life Style Company Limited plans to change its name to SR Medical Technology Company Limited, subject to shareholder approval at the 2026 annual general meeting and confirmation from Hong Kong authorities, including the Registrar of Companies a...
GR Life Style Shareholders Unanimously Approve Consideration Share Issuance at EGM
May 11, 2026
Shareholders of GR Life Style Company Limited have approved an ordinary resolution at an extraordinary general meeting held on 11 May 2026 to allot and issue consideration shares, together with the related transactions and proposed annual caps. Th...
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...
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.