Pacific Century Premium Developments Limited (0432) AI Stock Analysis

• Market Cap: HK$423.95M
• Dividend Yield: N/A
• Average Volume (3M): 438.58K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.57
• Revenue Growth: 9.61%
• EPS Growth: 50.66%
• Country: HK
• Employees: 1,403
• Sector: Real Estate
• Sector Strength: 56
• Industry: Real Estate - Services
• EPS (TTM): -0.04
• Shares Outstanding: 2,038,236,700
• 10 Day Avg. Volume: 376,746
• 30 Day Avg. Volume: 438,583
• PEG Ratio: -0.04
• Price to Book (P/B): -6.24
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.66
• 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: Hold
• Number of Analyst Covering: 0

• Rating: 46 Neutral
• Price Target: HK$0.00 ▼(-100.00%Downside)

The overall stock score is primarily driven by the company's weak financial performance, as evidenced by negative equity, high leverage, and poor cash flow metrics. Technical analysis offers some positive signals with bullish momentum, but these are overshadowed by valuation concerns due to the negative P/E ratio and lack of dividend yield. The absence of earnings call insights and notable corporate events means these factors did not influence the score.

Pacific Century Premium Developments Limited Business Overview & Revenue Model

Company Description

Pacific Century Premium Developments Limited, together with its subsidiaries, develops and manages property and infrastructure projects in the Asia-Pacific region. The company also invests in residential and office buildings and properties; and provides professional property management, facilities management, asset management, and administrative services. In addition, it offers property leasing and sale agency, leasing and financing, travel agency, trademark registrant, ski operation, and hotel management services. The company is based in Hong Kong, Hong Kong.

How the Company Makes Money

Pacific Century Premium Developments Limited generates revenue through a combination of property sales, rental income, and property management services. The company develops high-quality residential and commercial properties, which are subsequently sold or leased to generate income. In addition to sales and leasing, the company earns fees from managing properties, ensuring they maintain premium standards. Strategic partnerships and joint ventures with local and international developers also play a significant role in expanding their portfolio and enhancing revenue opportunities. Furthermore, the company's investment in leisure properties, such as resorts and hotels, provides an additional stream of income through hospitality services.

Pacific Century Premium Developments Limited Financial Statement Overview

Summary

Pacific Century Premium Developments Limited faces significant financial challenges, characterized by ongoing net losses, high leverage, and deteriorating cash flows. While revenues have grown recently, profitability remains elusive. The company's financial health is weakened by negative equity and liquidity concerns, requiring strategic financial restructuring to stabilize operations.

Income Statement

The company has experienced fluctuating revenue trends with a recent increase in revenue from 2023 to 2024. However, the net profit margin remains negative due to persistent net losses, indicating challenges in achieving profitability. Although EBITDA has shown improvement, EBIT is still at zero, suggesting ongoing operational inefficiencies.

Balance Sheet

The balance sheet reveals significant leverage with a high debt-to-equity ratio, indicating potential financial instability. Negative stockholders' equity in 2024 raises concerns about solvency. The equity ratio is non-calculable due to the negative equity position, reflecting financial vulnerability.

Cash Flow

Cash flow analysis shows a troubling decline in operating cash flow, turning negative in 2024, which can strain liquidity. The free cash flow has decreased significantly from 2023 to 2024, highlighting potential cash management issues. The operating cash flow to net income ratio is not meaningful due to negative net income.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	901.00M	822.00M	561.00M	467.00M	1.84B
Gross Profit	620.00M	547.00M	137.00M	97.00M	449.00M
EBITDA	281.00M	105.00M	-6.00M	-135.00M	-218.00M
Net Income	-230.00M	-466.00M	-598.00M	-825.00M	-749.00M
Balance Sheet
Total Assets	10.87B	11.03B	11.29B	15.05B	12.99B
Cash, Cash Equivalents and Short-Term Investments	659.00M	865.00M	1.34B	3.58B	1.32B
Total Debt	9.89B	9.48B	9.01B	11.37B	8.24B
Total Liabilities	10.80B	10.34B	10.08B	12.50B	9.65B
Stockholders Equity	-67.00M	549.00M	1.08B	2.41B	3.21B
Cash Flow
Free Cash Flow	-145.00M	171.00M	45.00M	-656.00M	448.00M
Operating Cash Flow	-75.00M	245.00M	101.00M	-394.00M	647.00M
Investing Cash Flow	-73.00M	16.00M	1.80B	-2.20B	-211.00M
Financing Cash Flow	-79.00M	9.00M	-2.72B	2.95B	-623.00M

Pacific Century Premium Developments Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.21
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0432, the sentiment is Positive. The current price of 0.21 is above the 20-day moving average (MA) of 0.20, above the 50-day MA of 0.20, and above the 200-day MA of 0.20, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 61.24 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0432.

Pacific Century Premium Developments Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3662	75 Outperform	HK$413.96M	3.90	8.37%	5.04%	-14.98%	-39.71%
2205	73 Outperform	HK$483.00M	9.20	6.75%	8.41%	0.99%	18.86%
Sector *	63 Neutral	$6.98B	18.44	-1.93%	6.77%	4.67%	-25.44%
9982	62 Neutral	HK$425.22M	5.91	2.63%	58.55%	-47.99%	-71.43%
0021	55 Neutral	HK$488.95M	27.67	2.08%	―	450.21%	―
0432	46 Neutral	HK$423.95M	―	-95.44%	―	9.61%	50.66%
1922	―	HK$363.33M	2.81		―	―	―

Pacific Century Premium Developments Limited Corporate Events

Pacific Century Premium Developments to Review Interim Results and Dividend

Pacific Century Premium Developments Limited has announced that its board of directors will convene on July 30, 2025, to approve and publish the interim results for the first half of 2025. The meeting will also consider the potential payment of an interim dividend. This announcement could impact the company’s financial strategy and stakeholder interests, as it may influence investor confidence and market positioning.

Pacific Century Premium Developments Secures New Lease Agreement with PT FWD

Pacific Century Premium Developments Limited has entered into a New Lease Agreement with PT FWD, a connected person of the company, for leasing premises and signage rights over a building. This agreement, effective from July 2, 2025, to July 1, 2028, involves PT PBI, a subsidiary of the company, as the landlord. The lease includes specific terms for rent, service charges, and parking spaces, with certain discounts and advance payment requirements. The transactions are classified as continuing connected transactions under the Listing Rules, requiring reporting and annual review but exempt from independent shareholders’ approval.

Pacific Century Premium Developments Secures Shareholder Approval for Key Resolutions at 2025 AGM

Pacific Century Premium Developments Limited announced that all resolutions proposed at its 2025 Annual General Meeting were successfully passed by shareholders. The resolutions included the adoption of audited financial statements, re-election of directors, and approval of a new share option scheme. This outcome reflects strong shareholder support and positions the company to continue its strategic initiatives in the property development sector.