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Pacific Century Premium Developments Limited
(0432)
Pacific Century Premium Developments Limited (0432) vs. iShares MSCI Hong Kong ETF (EWH)
Pacific Century Premium Developments Limited Business Overview & Revenue Model
Pacific Century Premium Developments Limited Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.05B | 901.00M | 822.00M | 561.00M | 467.00M |
| Gross Profit | 738.00M | 620.00M | 547.00M | 137.00M | 97.00M |
| EBITDA | 285.00M | 281.00M | 105.00M | -6.00M | -141.00M |
| Net Income | -69.00M | -230.00M | -466.00M | -598.00M | -825.00M |
Balance Sheet | |||||
| Total Assets | 11.35B | 10.87B | 11.03B | 11.29B | 15.05B |
| Cash, Cash Equivalents and Short-Term Investments | 725.00M | 659.00M | 865.00M | 1.34B | 3.58B |
| Total Debt | 9.24B | 9.89B | 9.48B | 9.01B | 11.37B |
| Total Liabilities | 11.31B | 10.80B | 10.34B | 10.08B | 12.50B |
| Stockholders Equity | -97.00M | -67.00M | 549.00M | 1.08B | 2.41B |
Cash Flow | |||||
| Free Cash Flow | -406.00M | -145.00M | 171.00M | 45.00M | -656.00M |
| Operating Cash Flow | -359.00M | -75.00M | 245.00M | 101.00M | -394.00M |
| Investing Cash Flow | -51.00M | -73.00M | 16.00M | 1.80B | -2.20B |
| Financing Cash Flow | 422.00M | -79.00M | 9.00M | -2.76B | 2.95B |
Pacific Century Premium Developments Limited Technical Analysis
Pacific Century Premium Developments Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$798.00M | 3.24 | 5.26% | 4.14% | -5.08% | 27.33% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | HK$294.13M | 3.65 | 3.28% | 6.60% | -14.43% | -77.55% | |
61 Neutral | HK$371.10M | 2.51 | 2.19% | ― | 5.32% | 9.79% | |
52 Neutral | HK$349.82M | -2.67 | -4.27% | ― | 1303.01% | -45.00% | |
50 Neutral | HK$601.28M | -5.55 | ― | ― | 19.34% | 18.13% |
Pacific Century Premium Developments Limited Corporate Events
Pacific Century Premium Developments Limited has called its annual general meeting for May 20, 2026, in Hong Kong to conduct standard corporate business for the year ended December 31, 2025. Shareholders will be asked to adopt the audited financial statements, re-elect directors including Chairman Richard Li and director Benjamin Lam, authorise the board to fill casual vacancies and set directors’ pay, and reappoint PricewaterhouseCoopers as auditor.
The AGM will also consider granting directors a general mandate to issue up to 20% of the company’s share capital, excluding any treasury shares, including through convertible securities and option grants. This proposed issuance authority, subject to typical carve-outs for rights issues, employee share schemes and scrip dividends, would provide the board with flexibility to raise capital and support future corporate or investment activities without requiring separate shareholder approvals for each transaction.
The most recent analyst rating on (HK:0432) stock is a Hold with a HK$0.19 price target. To see the full list of analyst forecasts on Pacific Century Premium Developments Limited stock, see the HK:0432 Stock Forecast page.
Pacific Century Premium Developments Limited has received a US$400 million offer from an independent third party to acquire Rafflesia Investment Limited, its indirect wholly owned subsidiary that owns Pacific Century Place, a premium commercial building in Jakarta. The company is engaged in advanced negotiations over the proposed sale, which would represent a major potential divestment of a flagship overseas asset.
Any deal arising from the offer will require approval by the company’s shareholders under Hong Kong listing rules, and there is no certainty that the transaction will proceed. The board has urged shareholders and potential investors to exercise caution when trading the company’s shares and said it will issue further announcements as required under listing and securities regulations.
The most recent analyst rating on (HK:0432) stock is a Hold with a HK$0.19 price target. To see the full list of analyst forecasts on Pacific Century Premium Developments Limited stock, see the HK:0432 Stock Forecast page.
Pacific Century Premium Developments Limited has agreed to sell its entire interest in the company that owns and operates Midtown Niseko, a hospitality asset in Japan, for US$80 million, including shareholder loans. Upon completion, the Niseko business will be deconsolidated from the group’s financial statements, marking an exit from this particular Japanese resort asset.
The disposal qualifies as a very substantial disposal under Hong Kong listing rules, triggering reporting, announcement and shareholder approval requirements. A special general meeting will be convened to seek shareholder approval, and while no shareholders are currently required to abstain from voting, the company has cautioned investors that completion remains conditional and may not proceed.
The most recent analyst rating on (HK:0432) stock is a Hold with a HK$0.19 price target. To see the full list of analyst forecasts on Pacific Century Premium Developments Limited stock, see the HK:0432 Stock Forecast page.
Pacific Century Premium Developments reported a 51 per cent rise in consolidated revenue from continuing operations to HK$1,046 million for 2025, driven by contributions from Japan, Indonesia, and Thailand, but still posted a loss attributable to equity holders of HK$69 million and decided not to recommend a final dividend. The company saw stable occupancy and steady rental income at Pacific Century Place Jakarta, ramp-up of property development revenue in Japan and Thailand, progress on its flagship “Central Residence by the Park” project in Hong Kong, and strong performance from Park Hyatt Niseko and its Niseko all-season leisure operations, while reclassifying its Indonesian investment properties as held for sale and forming a strategic alliance to introduce a Four Seasons resort at its Aquella development in Thailand.
The group’s Indonesian commercial asset maintained high committed occupancy and consistent rental income, but its classification as held for sale signals a potential portfolio reshaping towards core hospitality and luxury residential projects. Rising hotel and recreational revenues in Niseko, increased property sales in Japan and Thailand, and ongoing construction milestones in Hong Kong underscore a strategic pivot to integrated resort-style and upscale urban developments, even as the business remains loss-making and retains earnings by holding back dividends.
The most recent analyst rating on (HK:0432) stock is a Hold with a HK$0.19 price target. To see the full list of analyst forecasts on Pacific Century Premium Developments Limited stock, see the HK:0432 Stock Forecast page.
Pacific Century Premium Developments Limited has postponed its planned board meeting, originally scheduled for 3 February 2026, to 9 February 2026 due to directors’ scheduling constraints. The meeting is intended to approve and publish the group’s annual results for the year ended 31 December 2025 and to consider the declaration of a final dividend, meaning investors and other stakeholders will receive key financial disclosures and any dividend decision slightly later than initially expected.
The most recent analyst rating on (HK:0432) stock is a Hold with a HK$0.19 price target. To see the full list of analyst forecasts on Pacific Century Premium Developments Limited stock, see the HK:0432 Stock Forecast page.
Pacific Century Premium Developments Limited has scheduled a board meeting for 3 February 2026 to review and approve the annual results of the company and its subsidiaries for the financial year ended 31 December 2025 and to arrange for their publication. At the same meeting, the board will also consider the payment of a final dividend, if applicable, a decision that could directly affect shareholder returns and signal management’s view of the company’s financial performance and outlook.
The most recent analyst rating on (HK:0432) stock is a Hold with a HK$0.19 price target. To see the full list of analyst forecasts on Pacific Century Premium Developments Limited stock, see the HK:0432 Stock Forecast page.
Pacific Century Premium Developments Limited has entered into new three-year master agreements with related parties PCCW Group and HKT Group to govern the ongoing supply and procurement of goods and services in the ordinary course of its business from 1 January 2026 to 31 December 2028. Under the PCCW Group 2025 Master Agreement, the PCCW Group will provide corporate, logistics, consultancy and related services to PCPD on arm’s length terms, with pricing capped at levels no higher than published rates, median tender prices or prices charged to independent customers, and each individual transaction limited to a maximum term of three years. As PCCW is a substantial shareholder in PCPD, these arrangements constitute continuing connected transactions under Hong Kong’s Listing Rules; their size triggers reporting, announcement and annual review requirements but remains below the threshold for independent shareholders’ approval, signalling that PCPD is formalising and continuing long-standing operational relationships while remaining within the regulatory framework for connected transactions.
The most recent analyst rating on (HK:0432) stock is a Hold with a HK$0.19 price target. To see the full list of analyst forecasts on Pacific Century Premium Developments Limited stock, see the HK:0432 Stock Forecast page.