Kerry Properties Limited (HK:0683)
:0683
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Kerry Properties
(0683)
Select Model
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Rating:52Neutral
Price Target:
HK$24.50
▲(11.26% Upside)
Action:ReiteratedDate:10/29/25
Kerry Properties faces challenges with declining profitability and negative cash flow, which weigh heavily on its financial performance score. Technical indicators suggest weak market momentum, further impacting the overall score. Despite these issues, the stock's attractive dividend yield provides some support, balancing the high P/E ratio.
Positive Factors
Diversified business model
Kerry's three-pronged revenue mix (development, investment property rentals, and hotels) provides durable cash-flow diversification. Over 2-6 months this reduces reliance on single-market sales cycles, smoothing revenue volatility and supporting liquidity and investment flexibility across business cycles.
Negative Factors
Negative operating cash flow
Negative operating cash flow is a structural red flag for a capital-intensive developer: it constrains the firm's ability to fund new project handovers, service debt, or sustain distributions without raising external capital. Over months this may force asset disposals or costly refinancing.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model
Kerry's three-pronged revenue mix (development, investment property rentals, and hotels) provides durable cash-flow diversification. Over 2-6 months this reduces reliance on single-market sales cycles, smoothing revenue volatility and supporting liquidity and investment flexibility across business cycles.
Read all positive factors
Kerry Properties (0683) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$31.96B
Dividend Yield6.48%
Average Volume (3M)1.60M
Price to Earnings (P/E)31.3
Beta (1Y)0.78
Revenue Growth76.12%
EPS Growth-72.44%
CountryHK
Employees7,500
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.23
Shares Outstanding1,451,305,800
10 Day Avg. Volume1,046,717
30 Day Avg. Volume1,596,205
Financial Highlights & Ratios
PEG Ratio-0.37
Price to Book (P/B)0.22
Price to Sales (P/S)1.16
P/FCF Ratio-5.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$27.04Price Target Upside22.78% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)1.4
Revenue Forecast (FY)HK$13.54B
Kerry Properties Business Overview & Revenue Model
Company Description
Kerry Properties Limited, an investment holding company, engages in the development, investment, management, and trading of properties in Hong Kong, Mainland China, and the Asia Pacific region. The company also owns and operates hotels; and offers...
How the Company Makes Money
Kerry Properties generates revenue primarily through the sale and leasing of its developed properties. The company's revenue model is built on two main streams: property sales, which contributes significantly to its income, and rental income from ...
Kerry Properties Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
62
Positive
Cash Flow
40
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 22.52B | 19.50B | 13.09B | 14.59B | 15.33B | 14.53B |
| Gross Profit | 6.57B | 6.39B | 6.72B | 6.98B | 8.74B | 8.39B |
| EBITDA | 5.09B | 4.64B | 8.13B | 5.95B | 7.39B | 7.37B |
| Net Income | 631.96M | 808.00M | 3.24B | 2.75B | 10.36B | 5.40B |
Balance Sheet | ||||||
| Total Assets | 208.60B | 201.35B | 208.43B | 201.47B | 200.06B | 195.77B |
| Cash, Cash Equivalents and Short-Term Investments | 12.64B | 10.98B | 13.54B | 11.70B | 18.30B | 17.55B |
| Total Debt | 59.64B | 59.62B | 55.22B | 55.84B | 37.85B | 45.28B |
| Total Liabilities | 90.43B | 84.70B | 87.28B | 78.99B | 67.74B | 71.11B |
| Stockholders Equity | 104.26B | 103.31B | 107.26B | 108.79B | 116.83B | 109.87B |
Cash Flow | ||||||
| Free Cash Flow | 9.38B | -3.94B | -5.34M | -23.36B | 11.23B | 1.38B |
| Operating Cash Flow | 9.63B | 1.17B | 4.98B | 1.33B | 11.93B | 5.95B |
| Investing Cash Flow | -5.18B | -5.40B | -2.45B | -17.14B | 8.30B | -4.18B |
| Financing Cash Flow | -4.27B | 2.09B | -47.18M | 13.55B | -13.58B | 1.82B |
Kerry Properties Technical Analysis
Negative
22.02
Price Trends
23.61
Negative
22.13
Negative
21.20
Positive
Market Momentum
-0.49
Positive
42.55
Neutral
64.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0683, the sentiment is Negative. The current price of 22.02 is below the 20-day moving average (MA) of 22.51, below the 50-day MA of 23.61, and above the 200-day MA of 21.20, indicating a neutral trend. The MACD of -0.49 indicates Positive momentum. The RSI at 42.55 is Neutral, neither overbought nor oversold. The STOCH value of 64.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0683.
Kerry Properties Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$29.26B | 2.93 | 10.51% | 7.62% | 1.26% | -0.20% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | HK$21.36B | 26.94 | -0.66% | 3.94% | -1.08% | -109.20% | |
52 Neutral | HK$31.96B | 31.28 | 0.90% | 6.48% | 76.12% | -72.44% | |
46 Neutral | HK$17.97B | 12.03 | 1.53% | 2.46% | -8.18% | ― | |
41 Neutral | HK$14.98B | 33.84 | 0.46% | ― | -30.32% | ― |
* Real Estate Sector Average
HK:0683
Kerry Properties
22.02
6.18
39.02%
HK:3900
Greentown China Holdings
8.41
-0.84
-9.08%
HK:1030
Seazen Group Ltd.
2.07
0.36
21.05%
HK:1908
C&D International Investment Group Ltd.
13.06
-0.56
-4.11%
HK:0817
China Jinmao Holdings Group Limited
1.33
0.30
29.13%
Kerry Properties Corporate Events
Kerry Properties Renews Tenancy at Kerry Centre
Nov 17, 2025
Kerry Properties has announced the renewal of its tenancy agreement for its corporate offices at Kerry Centre in Hong Kong. The two-year lease, commencing on November 19, 2025, involves a monthly rent of approximately HK$2,322,000 and additional v...
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.