Lai Sun Development Co Ltd (HK:0488)
:0488
Top Page
Lai Sun Development Co
(0488)
Select Model
Select Model
Rating:41Neutral
Price Target:
HK$0.67
▲(15.34% Upside)
Action:ReiteratedDate:01/15/26
The score is driven primarily by weak financial performance (persistent losses, declining revenue, high leverage, and significant cash flow deterioration). Technicals are mixed but generally soft with a negative MACD and price below key longer-term averages. Valuation provides limited support due to a negative P/E and no dividend yield data.
Positive Factors
Diversified Revenue Streams
Lai Sun's mix of real estate sales, recurring rental income and hotel operations creates multiple cash-generation channels. This structural diversification reduces reliance on one cycle, smoothing revenue volatility and supporting recovery capacity across segments over the next 2–6 months.
Negative Factors
Revenue Decline
A sustained top-line decline cuts capacity to cover fixed property and hotel costs and undermines margins. Falling revenue reduces operating cash inflows and limits funds available for project development or maintenance, pressuring long-term asset performance and growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Revenue Streams
Lai Sun's mix of real estate sales, recurring rental income and hotel operations creates multiple cash-generation channels. This structural diversification reduces reliance on one cycle, smoothing revenue volatility and supporting recovery capacity across segments over the next 2–6 months.
Read all positive factors
Lai Sun Development Co (0488) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$901.06M
Dividend YieldN/A
Average Volume (3M)29.00K
Price to Earnings (P/E)―
Beta (1Y)0.82
Revenue Growth-18.16%
EPS Growth21.78%
CountryHK
Employees3,700
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)-1.90
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, together with its subsidiaries, invests in, develops, leases, and sells real estate properties in Hong Kong, Mainland China, Macau, the United Kingdom, Vietnam, and internationally. It operates through Property...
How the Company Makes Money
Lai Sun Development generates revenue through multiple key streams, primarily from real estate sales, rental income, and hotel operations. The company develops residential and commercial properties, selling them to buyers or leasing them to tenant...
Lai Sun Development Co Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
45
Neutral
Cash Flow
30
Negative
| 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
Negative
0.58
Price Trends
0.64
Negative
0.63
Negative
0.64
Negative
Market Momentum
>-0.01
Positive
44.51
Neutral
34.52
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 0.65, below the 50-day MA of 0.64, and below the 200-day MA of 0.64, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.51 is Neutral, neither overbought nor oversold. The STOCH value of 34.52 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% | |
50 Neutral | HK$891.14M | -1.12 | -5.74% | 3.85% | -1.26% | 54.17% | |
47 Neutral | HK$586.12M | 4.18 | -0.10% | ― | -43.28% | -93.81% | |
45 Neutral | HK$1.22B | -0.55 | -32.15% | 4.36% | -16.06% | -529.92% | |
45 Neutral | HK$1.62B | -0.83 | -3.56% | ― | 72.75% | 25.44% | |
41 Neutral | HK$901.06M | -0.37 | -11.79% | ― | -18.16% | 21.78% | |
40 Underperform | HK$934.36M | 0.02 | -154.48% | ― | -57.94% | 45.77% |
* Real Estate Sector Average
HK:0488
Lai Sun Development Co
0.62
-0.04
-6.06%
HK:3377
Sino-Ocean Group Holding
0.08
-0.14
-63.51%
HK:0251
SEA Holdings Ltd.
1.40
0.04
2.94%
HK:0978
China Merchants Land Limited
0.24
0.01
4.78%
HK:0480
HKR International Limited
1.15
0.26
29.21%
HK:0672
Zhong An Group Limited
0.10
-0.07
-42.20%
Lai Sun Development Co Corporate Events
Lai Sun Development Wins Listing Rule Waiver for Delayed Transaction Circular
Feb 4, 2026
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 capi...
Lai Sun Development Outlines Plan to Restore Insufficient Public Float
Feb 4, 2026
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 ...
Lai Sun Development Delays Dispatch of Circular on Major Disposal
Feb 2, 2026
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...
Lai Sun Development’s Public Float Falls Below Hong Kong Minimum After Major Share Accumulation
Jan 15, 2026
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...
Lai Sun Development Shareholders Approve Disposal Deal at General Meeting
Dec 31, 2025
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 ...
Lai Sun Development Wins Full Shareholder Backing at 2025 AGM
Dec 19, 2025
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 directio...
Lai Sun Development Shareholders Approve All Resolutions at December General Meeting
Dec 19, 2025
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 8...
Lai Sun Development Announces General Meeting for Strategic Approvals
Dec 15, 2025
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 ar...
Lai Sun Development to Discuss Renewal of Key Financial Agreement
Dec 3, 2025
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...
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.