Beijing North Star Company Limited Class H (HK:0588)
:0588
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Beijing North Star Company
(0588)
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Rating:51Neutral
Price Target:
HK$0.83
▲(8.31% Upside)
Action:Reiterated
Date:05/04/26
The score is held back primarily by deeply negative profitability and a significantly more leveraged balance sheet, despite a sharp revenue rebound and positive free cash flow. Technicals are moderately constructive (price above major moving averages with positive MACD), but valuation is weakened by a negative P/E and no dividend yield data.
Positive Factors
Recurring rental income
The company’s mix of property development and owned investment properties creates a recurring rental-income stream from commercial assets. That recurring cash flow provides structural revenue diversification versus one‑off development sales, supporting operating stability across cycles over months to years.
Negative Factors
High and rising leverage
Leverage has increased materially, with D/E near 2.33 in 2025. Rising leverage magnifies financial risk, restricts strategic flexibility, increases interest/covenant vulnerability, and makes the company more sensitive to cash‑flow shocks, hindering sustained investment or growth over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring rental income
The company’s mix of property development and owned investment properties creates a recurring rental-income stream from commercial assets. That recurring cash flow provides structural revenue diversification versus one‑off development sales, supporting operating stability across cycles over months to years.
Read all positive factors
Beijing North Star Company (0588) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$5.96B
Dividend YieldN/A
Average Volume (3M)11.65M
Price to Earnings (P/E)―
Beta (1Y)1.06
Revenue Growth-17.50%
EPS Growth-1.68%
CountryHK
Employees5,115
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.67
Shares Outstanding707,020,000
10 Day Avg. Volume8,177,200
30 Day Avg. Volume11,654,400
Financial Highlights & Ratios
PEG Ratio-0.34
Price to Book (P/B)0.35
Price to Sales (P/S)0.38
P/FCF Ratio2.18
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
Beijing North Star Company Business Overview & Revenue Model
Company Description
Beijing North Star Company Limited engages in the development and investment of properties and hotels in the People's Republic of China. It is involved in the property leasing, land and property development, property investment and management, and...
How the Company Makes Money
null...
Beijing North Star Company Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
28
Negative
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.80B | 6.06B | 7.15B | 15.75B | 12.99B | 22.09B |
| Gross Profit | 1.82B | 1.98B | 1.87B | 4.31B | 2.67B | 4.54B |
| EBITDA | -1.57B | -1.81B | -1.93B | 1.51B | -333.58M | 1.42B |
| Net Income | -2.26B | -2.99B | -2.83B | 68.06M | -1.65B | 99.16M |
Balance Sheet | ||||||
| Total Assets | 42.62B | 43.17B | 48.84B | 56.23B | 67.28B | 79.70B |
| Cash, Cash Equivalents and Short-Term Investments | 7.02B | 7.06B | 7.91B | 9.44B | 9.64B | 14.72B |
| Total Debt | 18.66B | 15.64B | 15.65B | 14.99B | 26.57B | 31.52B |
| Total Liabilities | 33.63B | 34.01B | 37.07B | 40.70B | 51.32B | 60.40B |
| Stockholders Equity | 6.55B | 6.70B | 9.70B | 12.85B | 12.79B | 15.46B |
Cash Flow | ||||||
| Free Cash Flow | 530.20M | 1.06B | 832.31M | 1.18B | 3.75B | 5.95B |
| Operating Cash Flow | 577.01M | 1.13B | 973.64M | 1.39B | 4.00B | 6.94B |
| Investing Cash Flow | -86.11M | -129.21M | -29.59M | 55.04M | -225.98M | -2.08B |
| Financing Cash Flow | -80.23M | -1.41B | -2.67B | -1.33B | -8.35B | -2.73B |
Beijing North Star Company Technical Analysis
Negative
0.77
Price Trends
0.79
Negative
0.79
Negative
0.83
Negative
Market Momentum
<0.01
Positive
41.10
Neutral
3.27
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0588, the sentiment is Negative. The current price of 0.77 is below the 20-day moving average (MA) of 0.81, below the 50-day MA of 0.79, and below the 200-day MA of 0.83, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 41.10 is Neutral, neither overbought nor oversold. The STOCH value of 3.27 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0588.
Beijing North Star Company 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$5.86B | 3.81 | 7.40% | 2.21% | 248.51% | ― | |
53 Neutral | HK$7.03B | -1.61 | -8.73% | 10.98% | 153.96% | -139.55% | |
53 Neutral | HK$10.07B | 20.78 | 0.96% | 0.50% | -19.50% | -68.30% | |
51 Neutral | HK$5.96B | -4.07 | -46.90% | ― | -17.50% | -1.68% | |
50 Neutral | HK$8.33B | 100.00 | 0.66% | 0.98% | 20.60% | 22.39% | |
49 Neutral | HK$6.47B | 42.92 | 0.75% | 5.51% | -19.84% | 1.94% |
* Real Estate Sector Average
HK:0588
Beijing North Star Company
0.76
0.05
7.04%
HK:0034
Kowloon Development Co
5.03
2.22
78.88%
HK:0119
Poly Property Group Co
2.17
0.75
52.92%
HK:0604
Shenzhen Investment
0.79
0.03
3.95%
HK:0028
Tian An China Investments Co
4.00
-0.17
-4.01%
HK:0081
China Overseas Grand Oceans Group Limited
2.84
1.19
71.70%
Beijing North Star Company Corporate Events
Beijing North Star Reschedules AGM Book Closure Period and Record Date
Apr 29, 2026
Beijing North Star Company Limited has adjusted the book closure period tied to its forthcoming annual general meeting, shifting the dates when its share register will be closed from 11–14 May 2026 to 18–21 May 2026, with 18 May 2026 s...
Beijing North Star Narrows First-Quarter Loss as Revenue Rises and Cash Flow Turns Positive
Apr 29, 2026
Beijing North Star Company Limited has released its unaudited first-quarter 2026 results, prepared under China Accounting Standards for Business Enterprises and to be published in Chinese on the Shanghai Stock Exchange’s website and designat...
Beijing North Star Convenes 2025 AGM, Withholds 2025 Dividend Amid Losses
Apr 29, 2026
Beijing North Star Company Limited has called its 2025 annual general meeting for 21 May 2026 in Beijing, where shareholders will vote on a series of special and ordinary resolutions, including mandates to issue shares and debt financing instrumen...
Beijing North Star Sets Board Meeting to Approve First-Quarter 2026 Results
Apr 14, 2026
Beijing North Star Company Limited has announced that its board of directors will convene on 29 April 2026 to review and approve the first-quarter results for the period ended 31 March 2026. The meeting will also address the related public announc...
Beijing North Star Narrows Annual Loss but Still Faces Heavy Financial Strain
Mar 27, 2026
Beijing North Star Company Limited reported a further loss for 2025 as revenue fell to RMB6.06 billion from RMB7.15 billion a year earlier, underscoring continued pressure on its property-related operations. Despite a narrower operating loss compa...
Beijing North Star Sets Out Board and Committee Structure
Mar 27, 2026
Beijing North Star Company Limited has announced the current composition of its board of directors, which includes five executive directors and three independent non-executive directors. The disclosure clarifies the governance structure by naming ...
Beijing North Star Flags Capital-Eroding Losses and Accelerates Strategic Shift
Mar 27, 2026
Beijing North Star Company has disclosed that, as of 31 December 2025, its consolidated unrecovered losses reached RMB1.36 billion, exceeding one-third of its RMB3.37 billion paid-in share capital, triggering a requirement to submit the matter to ...
Beijing North Star Outlines Board Composition and Committee Roles
Mar 19, 2026
Beijing North Star Company Limited has announced the current composition of its board of directors, listing five executive directors and three independent non-executive directors and clarifying their respective governance roles. The company has al...
Beijing North Star Announces Orderly Resignation of Executive Director
Mar 19, 2026
Beijing North Star Company Limited has announced the resignation of executive director and deputy general manager Ms. Zhang Wen-Lei, who is stepping down due to work adjustments and to focus on other specialized matters. The company stated that he...
Beijing North Star Sets Board Meeting to Approve 2025 Results and Consider Dividend
Mar 16, 2026
Beijing North Star Company Limited has scheduled a board meeting for 27 March 2026 to review and approve the consolidated final results for the year ended 31 December 2025. The board will also consider recommending a final dividend, signaling pote...
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.