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Lai Sun Development Co
(0488)
Lai Sun Development Co (0488) vs. iShares MSCI Hong Kong ETF (EWH)
Lai Sun Development Co Business Overview & Revenue Model
Lai Sun Development Co Financial Statement Overview
| Breakdown | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.90B | 6.00B | 5.21B | 5.34B | 6.20B |
| Gross Profit | 990.18M | 1.53B | 328.95M | 968.81M | 701.88M |
| EBITDA | -1.47B | -1.69B | -434.59M | 398.01M | -593.18M |
| Net Income | -2.87B | -3.67B | -2.97B | -1.97B | -2.09B |
Balance Sheet | |||||
| Total Assets | 64.23B | 67.42B | 73.97B | 80.90B | 83.04B |
| Cash, Cash Equivalents and Short-Term Investments | 3.19B | 2.88B | 5.01B | 7.62B | 10.74B |
| Total Debt | 26.12B | 26.20B | 27.01B | 29.09B | 28.17B |
| Total Liabilities | 34.84B | 35.11B | 37.11B | 39.91B | 40.05B |
| Stockholders Equity | 23.12B | 25.81B | 29.78B | 32.79B | 34.15B |
Cash Flow | |||||
| Free Cash Flow | 173.30M | -907.79M | -570.00M | -4.58B | 755.09M |
| Operating Cash Flow | 269.72M | -763.84M | -379.60M | -4.31B | 1.21B |
| Investing Cash Flow | 297.32M | 899.15M | 559.11M | -767.50M | -1.88B |
| Financing Cash Flow | -379.08M | -977.20M | -1.45B | 2.15B | 4.67B |
Lai Sun Development Co Technical Analysis
Lai Sun Development Co Peers Comparison
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% | |
52 Neutral | HK$591.76M | 4.18 | 0.21% | ― | -43.28% | -93.81% | |
50 Neutral | HK$836.95M | -1.12 | -5.69% | 3.85% | -1.26% | 54.17% | |
50 Neutral | HK$1.35B | -1.14 | -20.96% | 4.36% | -16.06% | -529.92% | |
48 Neutral | HK$1.80B | -0.83 | -3.56% | ― | 72.75% | 25.44% | |
41 Neutral | HK$944.66M | -0.37 | -11.79% | ― | -18.16% | 21.78% | |
40 Underperform | HK$1.03B | 0.02 | -154.48% | ― | -57.94% | 45.77% |
Lai Sun Development Co Corporate Events
Lai Sun Development Company Limited has announced a delay in sending a shareholder circular relating to a major transaction involving the disposal of an asset, as the company requires more time to finalise key information, including a working capital sufficiency letter for the group. The Hong Kong Stock Exchange has granted the company a waiver from strict compliance with the listing rule that governs the timing of circular despatch, on the condition that the document will be sent to shareholders on or before 11 February 2026, and has reserved the right to change or withdraw the waiver if circumstances change, leaving shareholders and potential investors to monitor the situation closely.
The most recent analyst rating on (HK:0488) stock is a Hold with a HK$0.60 price target. To see the full list of analyst forecasts on Lai Sun Development Co stock, see the HK:0488 Stock Forecast page.
Lai Sun Development Company Limited has disclosed that its current public float stands at 19.60%, below the 25% minimum required by the Hong Kong Listing Rules, and remains non-compliant as of 4 February 2026. The company is exploring measures to restore compliance, including potential disposals of shares by connected persons, and has committed to issuing monthly updates until the public float is brought back to the required threshold, while cautioning shareholders and potential investors to exercise care when dealing in its shares.
The most recent analyst rating on (HK:0488) stock is a Hold with a HK$0.60 price target. To see the full list of analyst forecasts on Lai Sun Development Co stock, see the HK:0488 Stock Forecast page.
Lai Sun Development Company Limited has announced a delay in sending a shareholder circular related to a major transaction involving the disposal of an asset, for which it has already obtained written approval from its controlling shareholder, Lai Sun Garment (International) Limited, and its wholly owned subsidiaries. Because this closely allied group controls more than 50% of the company’s voting rights, Lai Sun Development is exempt from convening a general meeting, but has sought a waiver from Hong Kong listing rules to extend the deadline for dispatching the information circular, now expected on or before 11 February 2026; the move underscores procedural compliance around the deal and signals that additional time is needed to finalize working capital and other required disclosures for investors.
The most recent analyst rating on (HK:0488) stock is a Hold with a HK$0.60 price target. To see the full list of analyst forecasts on Lai Sun Development Co stock, see the HK:0488 Stock Forecast page.
Lai Sun Development has disclosed that substantial shareholders Mr. Yu Cheuk Yi and Ms. Yu Siu Yuk have jointly acquired a further 60.66 million shares, lifting their combined holding to about 24.12% of the company’s issued share capital. As the Yus and other major holders are classified as connected persons under Hong Kong listing rules, their enlarged stake reduces the company’s public float to roughly 19.60%, below the 25% minimum required by the Stock Exchange, potentially obliging the company to pursue remedial measures to restore compliance and affecting the liquidity available to public investors.
The most recent analyst rating on (HK:0488) stock is a Hold with a HK$0.60 price target. To see the full list of analyst forecasts on Lai Sun Development Co stock, see the HK:0488 Stock Forecast page.
Lai Sun Development Company Limited announced that shareholders at its 31 December 2025 general meeting approved all resolutions put forward, following a poll in which all eligible shares were entitled to vote and no shareholders were required to abstain. The key business decision endorsed was the sale and purchase agreement relating to a disposal transaction, which received 99.98% of votes cast in favour, effectively greenlighting the disposal and authorising the board to implement the deal and related matters, thereby confirming strong shareholder support for the company’s strategic transaction and governance processes.
The most recent analyst rating on (HK:0488) stock is a Hold with a HK$0.60 price target. To see the full list of analyst forecasts on Lai Sun Development Co stock, see the HK:0488 Stock Forecast page.
Lai Sun Development has confirmed that all resolutions put to shareholders at its 19 December 2025 annual general meeting were approved by poll, underscoring strong investor support for the company’s current governance and financial direction. Shareholders adopted the audited financial statements for the year ended 31 July 2025, re-elected three directors, reappointed Ernst & Young as auditor, and granted the board general mandates to repurchase up to 10% of its shares and to issue up to 20% new shares, as well as to extend the issuance mandate by the number of shares bought back, providing the company with considerable flexibility in future capital management and funding strategies.
The most recent analyst rating on (HK:0488) stock is a Hold with a HK$0.60 price target. To see the full list of analyst forecasts on Lai Sun Development Co stock, see the HK:0488 Stock Forecast page.
Lai Sun Development Company Limited announced that all resolutions put to shareholders at its general meeting on 19 December 2025 were duly passed by poll, with independent shareholders entitled to vote on 1.18 billion shares, representing about 80.95% of the company’s issued share capital. Investors approved the automatic renewal of the LSD-LF Framework Agreement, including the related loan transactions and annual caps, and confirmed the election of Mr. Cheung Sum, Sam as chairman of the general meeting in place of the absent board chairman; the strong level of support, with near-unanimous votes in favour, reinforces board-endorsed related-party financing arrangements and signals shareholder backing for the company’s current governance and funding structure.
The most recent analyst rating on (HK:0488) stock is a Hold with a HK$0.60 price target. To see the full list of analyst forecasts on Lai Sun Development Co stock, see the HK:0488 Stock Forecast page.
Lai Sun Development Company Limited has announced a general meeting scheduled for December 31, 2025, at the Hong Kong Ocean Park Marriott Hotel. The meeting will address the approval of a Sale and Purchase Agreement and related disposals, which are significant for the company’s strategic operations and may impact its market positioning. Shareholders are encouraged to participate and vote on these resolutions, which could have implications for the company’s future direction.
The most recent analyst rating on (HK:0488) stock is a Hold with a HK$0.60 price target. To see the full list of analyst forecasts on Lai Sun Development Co stock, see the HK:0488 Stock Forecast page.
Lai Sun Development Company Limited has announced a general meeting scheduled for December 19, 2025, to discuss the renewal of the LSD-LF Framework Agreement for a term of three years starting January 1, 2026. The meeting will address the approval and ratification of the LSD-LF Loan Transactions and Annual Caps, with the aim of authorizing directors to execute necessary actions to implement the agreement. This move indicates the company’s strategic direction in maintaining its financial agreements and potentially impacts its operational continuity and stakeholder interests.
The most recent analyst rating on (HK:0488) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Lai Sun Development Co stock, see the HK:0488 Stock Forecast page.