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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 | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.90B | 4.90B | 6.00B | 5.21B | 5.34B | 6.20B |
| Gross Profit | 990.18M | 990.18M | 1.53B | 328.95M | 968.81M | 701.88M |
| EBITDA | -118.34M | -1.47B | -1.69B | -434.59M | 398.01M | -593.18M |
| Net Income | -2.87B | -2.87B | -3.67B | -2.97B | -1.97B | -2.09B |
Balance Sheet | ||||||
| Total Assets | 64.23B | 64.23B | 67.42B | 73.97B | 80.90B | 83.04B |
| Cash, Cash Equivalents and Short-Term Investments | 3.19B | 3.19B | 2.88B | 5.01B | 7.62B | 10.74B |
| Total Debt | 26.12B | 26.12B | 26.20B | 27.01B | 29.09B | 28.17B |
| Total Liabilities | 34.84B | 34.84B | 35.11B | 37.11B | 39.91B | 40.05B |
| Stockholders Equity | 23.12B | 23.12B | 25.81B | 29.78B | 32.79B | 34.15B |
Cash Flow | ||||||
| Free Cash Flow | 886.63M | 173.30M | -907.79M | -570.00M | -4.58B | 755.09M |
| Operating Cash Flow | 1.00B | 269.72M | -763.84M | -379.60M | -4.31B | 1.21B |
| Investing Cash Flow | -662.14M | 297.32M | 899.15M | 559.11M | -767.50M | -1.88B |
| Financing Cash Flow | 146.30M | -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$653.75M | 28.29 | 0.21% | ― | -43.28% | -93.81% | |
50 Neutral | HK$812.87M | -3.63 | -5.69% | 3.85% | -1.26% | 54.17% | |
50 Neutral | HK$1.35B | -0.71 | -20.96% | 4.36% | -16.06% | -529.92% | |
50 Neutral | HK$1.63B | -2.07 | -3.56% | ― | 72.75% | 25.44% | |
41 Neutral | HK$842.93M | -0.29 | -11.79% | ― | -18.16% | 21.78% | |
39 Underperform | HK$1.15B | -0.16 | -154.48% | ― | -57.94% | 45.77% |
Lai Sun Development Co Corporate Events
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.
Lai Sun Development Company Limited has announced its upcoming Annual General Meeting (AGM) scheduled for December 19, 2025, in Hong Kong. The AGM will address several key agenda items, including the adoption of audited financial statements for the year ending July 31, 2025, the re-election of three directors, the re-appointment of Ernst & Young as the independent auditor, and the consideration of resolutions for share buy-backs and the issuance of additional shares. These resolutions, if passed, will empower the company’s directors to manage share buy-backs and issue new shares, potentially impacting the company’s market operations and shareholder value.
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.
Lai Sun Development Co reported a net loss of HK$2,874.3 million for the year ending July 31, 2025, an improvement from the previous year’s loss. The decrease in loss was attributed to reduced impairments and depreciation, lower finance costs, and resilient rental income from investment properties. However, property sales declined significantly, and the company faced increased losses from joint ventures. Despite challenging conditions, the company managed to narrow segment losses in non-property businesses through closures and lease renegotiations. The company is actively negotiating asset disposals to enhance liquidity, with potential proceeds of HK$4,500 million if successful.
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.
Lai Sun Development Company Limited has announced a board meeting scheduled for October 24, 2025, to discuss and approve the final results for the fiscal year ending July 31, 2025. The meeting will also consider the recommendation of a final dividend, which could impact the company’s financial strategy and shareholder returns.
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.