Lai Sun Development Co Ltd (HK:0488)
:0488
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Lai Sun Development Co
(0488)
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Rating:46Neutral
Price Target:
HK$0.71
▲(21.72% Upside)
Action:Reiterated
Date:04/30/26
The score is held down primarily by weak financial performance—shrinking revenue, large losses, high leverage, and significant cash flow deterioration. Technicals provide partial support with a strong uptrend versus moving averages, but overbought momentum signals add risk, while valuation signals are limited due to negative earnings and no dividend yield data.
Positive Factors
Diversified business model
The company operates across development, investment and hospitality, so earnings drivers are multiple and partially uncorrelated. Over 2–6 months this reduces single-cycle dependency: development uplifts offer upside while investment and hotel income provide recurring revenue to smooth performance.
Negative Factors
Declining revenue trend
Sustained top-line contraction reduces operational scale and weakens project economics. Over a 2–6 month horizon, falling revenue constrains ability to cover fixed costs, slows project cash collections and limits reinvestment into development and property upkeep, pressuring long-term recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model
The company operates across development, investment and hospitality, so earnings drivers are multiple and partially uncorrelated. Over 2–6 months this reduces single-cycle dependency: development uplifts offer upside while investment and hotel income provide recurring revenue to smooth performance.
Read all positive factors
Lai Sun Development Co (0488) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.05B
Dividend YieldN/A
Average Volume (3M)29.00K
Price to Earnings (P/E)―
Beta (1Y)0.73
Revenue Growth-11.80%
EPS Growth-102.27%
CountryHK
Employees3,700
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)-2.70
Shares Outstanding1,453,328,900
10 Day Avg. Volume30,097
30 Day Avg. Volume29,005
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.05
Price to Sales (P/S)0.22
P/FCF Ratio6.12
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
Lai Sun Development Co Business Overview & Revenue Model
Company Description
Lai Sun Development Company Limited is a diversified conglomerate, headquartered in Central, Hong Kong, and operating as a subsidiary of Lai Sun Garment (International) Limited. The company's core business involves the investment, development, lea...
How the Company Makes Money
Lai Sun Development makes money mainly through (1) property development: generating revenue and profit from the sale of developed residential or commercial properties (recognizing income when units/projects are sold and delivered under applicable ...
Lai Sun Development Co Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
45
Neutral
Cash Flow
30
Negative
| Breakdown | TTM | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.93B | 4.90B | 6.00B | 5.21B | 5.34B | 6.20B |
| Gross Profit | 877.12M | 990.18M | 1.53B | 328.95M | 968.81M | 701.88M |
| EBITDA | -228.43M | -1.47B | -1.69B | -434.59M | 398.01M | -593.18M |
| Net Income | -3.92B | -2.87B | -3.67B | -2.97B | -1.97B | -2.09B |
Balance Sheet | ||||||
| Total Assets | 63.75B | 64.23B | 67.42B | 73.97B | 80.90B | 83.04B |
| Cash, Cash Equivalents and Short-Term Investments | 4.29B | 3.19B | 2.88B | 5.01B | 7.62B | 10.74B |
| Total Debt | 26.51B | 26.12B | 26.20B | 27.01B | 29.09B | 28.17B |
| Total Liabilities | 35.13B | 34.84B | 35.11B | 37.11B | 39.91B | 40.05B |
| Stockholders Equity | 22.31B | 23.12B | 25.81B | 29.78B | 32.79B | 34.15B |
Cash Flow | ||||||
| Free Cash Flow | 534.50M | 173.30M | -907.79M | -570.00M | -4.58B | 755.09M |
| Operating Cash Flow | 610.98M | 269.72M | -763.84M | -379.60M | -4.31B | 1.21B |
| Investing Cash Flow | -584.54M | 297.32M | 899.15M | 559.11M | -767.50M | -1.88B |
| Financing Cash Flow | 291.83M | -379.08M | -977.20M | -1.45B | 2.15B | 4.67B |
Lai Sun Development Co Technical Analysis
Negative
0.58
Price Trends
0.84
Negative
0.74
Negative
0.69
Positive
Market Momentum
-0.02
Positive
34.51
Neutral
52.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0488, the sentiment is Negative. The current price of 0.58 is below the 20-day moving average (MA) of 0.80, below the 50-day MA of 0.84, and below the 200-day MA of 0.69, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 34.51 is Neutral, neither overbought nor oversold. The STOCH value of 52.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0488.
Lai Sun Development Co Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | HK$125.10B | 23.21 | 1.76% | 6.20% | 2.00% | -10.22% | |
62 Neutral | HK$17.73B | 12.94 | 1.39% | 5.62% | -11.43% | -15.07% | |
59 Neutral | HK$11.17B | -6.73 | -3.14% | 5.93% | 80.71% | 4.60% | |
48 Neutral | HK$1.23B | -0.48 | -32.15% | 4.36% | 26.67% | -19.82% | |
46 Neutral | HK$1.05B | -0.27 | -11.79% | ― | -11.80% | -102.27% | |
40 Underperform | HK$17.72B | -1.04 | -6.66% | ― | -68.23% | 29.26% |
* Real Estate Sector Average
HK:0488
Lai Sun Development Co
0.72
0.19
35.85%
HK:0041
Great Eagle Holdings
14.90
2.52
20.35%
HK:0012
Henderson Land Development Co
25.84
-0.04
-0.14%
HK:0010
Hang Lung Group
13.02
1.50
13.01%
HK:0017
New World Development
7.04
1.94
38.04%
HK:0978
China Merchants Land Limited
0.25
0.03
13.64%
Lai Sun Development Co Corporate Events
Lai Sun Development Launches Exchange Offer to Ease Liquidity Pressures
Jun 14, 2026
Lai Sun Development Company Limited, through its financing vehicle Lai Sun MTN Limited, has issued 5.00 per cent guaranteed notes due 2026 and uses such instruments to support its funding needs in the property and investment sector. The group̵...
Lai Sun Development Updates Market on Continuing Public Float Shortfall
Jun 3, 2026
Lai Sun Development Company Limited has disclosed that its current public float stands at 19.60%, below the 25% minimum required under Hong Kong Stock Exchange Listing Rules. The company has been providing periodic updates since January 2026 as it...
Lai Sun Development Outlines Plan to Restore Shortfall in Public Float
May 6, 2026
Lai Sun Development Company Limited has reported that its current public float stands at 19.60%, below the 25% minimum required under Hong Kong listing rules. The company is therefore under regulatory pressure to increase the proportion of shares ...
Lai Sun Development Still Below Required Public Float, Plans Monthly Updates
Apr 2, 2026
Lai Sun Development has disclosed that its current public float stands at 19.60%, below the 25% minimum required under Hong Kong Listing Rules, after earlier announcements flagged the shortfall. The company remains in discussions with connected pe...
Lai Sun Deepens Interim Loss but Advances Deleveraging with Major Asset Disposals
Mar 27, 2026
Lai Sun Development reported a modest 1.4% rise in turnover to HK$2.58 billion for the six months ended 31 January 2026, supported by stronger property development sales but offset by weaker property investment and hotel revenues. Despite this, ad...
Lai Sun Development Flags Over HK$1.1 Billion Interim Loss on Property Write-Downs
Mar 20, 2026
Lai Sun Development has warned that it expects a sharply wider consolidated loss attributable to shareholders of between HK$1.1 billion and HK$1.2 billion for the six months ended 31 January 2026, compared with a loss of about HK$118 million a yea...
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.