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Kerry Properties (HK:0683)
:0683
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Kerry Properties (0683) AI Stock Analysis

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HK

Kerry Properties

(OTC:0683)

Rating:62Neutral
Price Target:
HK$20.50
▲(1.74%Upside)
Kerry Properties' overall stock score is driven primarily by its mixed financial performance, with strong revenue growth but declining profitability and cash flow. Technical analysis indicates a positive momentum, supporting a favorable short-term outlook. Valuation is mixed, with a high P/E ratio balanced by an attractive dividend yield.
Positive Factors
Financial Performance
FY24 underlying profit grew 25% y/y, indicating strong financial performance.
Financial Strategy
A reduction in gearing, resulting from cash inflows from luxury residences sales, will strengthen the company's financial standing and ability to pay dividends.
Sales Performance
Overwhelming response to launch of Jinling Residences in Shanghai with first batch of 158 units sold out within three hours.
Negative Factors
Market Demand
Any deterioration in property demand in Hong Kong & China could drag its earnings and share price performance.
Regional Demand
The company's earnings and share price performance are vulnerable to changes in property demand in Hong Kong and China.

Kerry Properties (0683) vs. iShares MSCI Hong Kong ETF (EWH)

Kerry Properties Business Overview & Revenue Model

Company DescriptionKerry Properties Limited (0683) is a leading property investment and development company based in Hong Kong. The company is engaged in the development, investment, and management of premium residential, commercial, retail, and hotel properties across key cities in Hong Kong, Mainland China, and the Asia-Pacific region. Kerry Properties is known for its high-quality developments and strong brand reputation, catering to affluent customers seeking luxury living and working environments.
How the Company Makes MoneyKerry Properties makes money primarily through its property development and investment activities. The company's key revenue streams include the sale of residential and commercial properties, rental income from its investment properties, and management fees from property management services. Additionally, Kerry Properties benefits from strategic partnerships and joint ventures, which enable the company to expand its market reach and leverage local expertise. The company also invests in urban mixed-use developments, which integrate residential, commercial, and retail components, allowing for diversified revenue generation. Factors such as property market conditions, economic trends, and government policies in the regions where Kerry Properties operates significantly influence its earnings.

Kerry Properties Financial Statement Overview

Summary
Kerry Properties exhibited strong revenue growth with a 49% increase in 2024, but faced significant declines in profitability and cash flow. The gross and net profit margins fell sharply, and operating cash flow turned negative, indicating cash management issues. The balance sheet remains stable with moderate leverage, but the company needs to focus on improving profitability and cash flow management.
Income Statement
55
Neutral
Kerry Properties experienced significant fluctuations in revenue and margins. The gross profit margin decreased to 32.74% in 2024 from 51.35% in 2023, and the net profit margin fell to 4.14% from 24.77%. However, revenue grew by 49% in 2024, indicating strong growth potential, despite a decline in profitability.
Balance Sheet
62
Positive
The company's debt-to-equity ratio was 0.60 in 2024, suggesting moderate leverage. The equity ratio remained stable at 51.31%, reflecting solid asset backing. Return on equity dropped to 0.78% from 3.02%, indicating lower returns on shareholders' investments.
Cash Flow
40
Negative
Operating cash flow turned negative in 2024, indicating cash management challenges. The free cash flow growth rate is not calculable due to unavailable data, showing potential weaknesses in cash generation and investment strategies.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue19.50B13.09B14.75B15.45B14.65B
Gross Profit6.39B6.72B7.14B8.87B8.51B
EBITDA4.64B8.13B5.95B7.39B7.37B
Net Income808.00M3.24B2.75B10.36B5.40B
Balance Sheet
Total Assets201.35B208.43B201.47B200.06B195.77B
Cash, Cash Equivalents and Short-Term Investments10.98B13.54B11.70B18.30B17.00B
Total Debt59.62B55.22B54.99B37.85B45.28B
Total Liabilities84.70B87.28B78.99B67.74B71.11B
Stockholders Equity103.31B107.26B108.79B116.83B109.87B
Cash Flow
Free Cash Flow-3.94B-5.34M-23.36B11.23B1.38B
Operating Cash Flow1.17B4.98B1.33B11.93B6.99B
Investing Cash Flow-5.40B-2.45B-19.32B1.74B-4.18B
Financing Cash Flow2.09B-47.18M13.55B-13.13B1.82B

Kerry Properties Technical Analysis

Technical Analysis Sentiment
Positive
Last Price20.15
Price Trends
50DMA
19.20
Positive
100DMA
17.92
Positive
200DMA
16.45
Positive
Market Momentum
MACD
0.33
Positive
RSI
54.66
Neutral
STOCH
53.35
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0683, the sentiment is Positive. The current price of 20.15 is above the 20-day moving average (MA) of 20.02, above the 50-day MA of 19.20, and above the 200-day MA of 16.45, indicating a bullish trend. The MACD of 0.33 indicates Positive momentum. The RSI at 54.66 is Neutral, neither overbought nor oversold. The STOCH value of 53.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0683.

Kerry Properties Peers Comparison

Overall Rating
UnderperformOutperform
Sector (54)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
73
Outperform
HK$36.55B5.7820.50%7.14%5.92%-12.18%
64
Neutral
$25.95B14.954.39%3.27%18.63%-50.14%
63
Neutral
HK$18.64B24.511.81%2.17%-19.50%
63
Neutral
HK$17.81B33.511.07%-26.43%
62
Neutral
HK$29.61B36.640.76%9.31%50.11%-75.09%
54
Neutral
$1.19B3.660.13%6.36%-2.13%-128.06%
40
Underperform
HK$19.15B-49.73%-52.23%-42.48%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0683
Kerry Properties
20.15
7.36
57.56%
HK:0817
China Jinmao Holdings Group Limited
1.31
0.68
107.94%
HK:1908
C&D International Investment Group Ltd.
16.32
2.84
21.07%
HK:1030
Seazen Group Ltd.
2.53
0.96
61.15%
HK:1918
Sunac China Holdings
1.66
0.50
43.10%
HK:3900
Greentown China Holdings
9.88
3.41
52.59%

Kerry Properties Corporate Events

Kerry Properties Announces Successful AGM Resolutions
May 23, 2025

Kerry Properties Limited announced that all resolutions proposed at its annual general meeting on May 23, 2025, were successfully passed by way of poll. The resolutions included the adoption of financial statements, declaration of a final dividend, re-election of directors, and amendments to the company’s Bye-laws. These outcomes reflect strong shareholder support and are expected to positively impact the company’s governance and operational strategies.

The most recent analyst rating on (HK:0683) stock is a Hold with a HK$17.00 price target. To see the full list of analyst forecasts on Kerry Properties stock, see the HK:0683 Stock Forecast page.

Kerry Properties Enhances Governance with New Nomination Committee
May 23, 2025

Kerry Properties Limited has established a Nomination Committee to enhance its corporate governance practices in compliance with HKEX regulations. The committee is tasked with reviewing the board’s structure, identifying potential directors, assessing director independence, and ensuring board diversity, which are crucial for aligning the board’s composition with the company’s strategic objectives.

The most recent analyst rating on (HK:0683) stock is a Hold with a HK$17.00 price target. To see the full list of analyst forecasts on Kerry Properties stock, see the HK:0683 Stock Forecast page.

Kerry Properties Establishes Remuneration Committee for Transparent Compensation Practices
May 23, 2025

Kerry Properties Limited has established a Remuneration Committee to oversee and recommend policies related to the remuneration of directors and senior management. This committee is tasked with ensuring transparent and fair compensation practices, aligning with corporate goals and market standards, and advising shareholders on remuneration matters requiring their approval.

The most recent analyst rating on (HK:0683) stock is a Hold with a HK$17.00 price target. To see the full list of analyst forecasts on Kerry Properties stock, see the HK:0683 Stock Forecast page.

Kerry Properties Announces New Appointments to Nomination Committee
May 23, 2025

Kerry Properties Limited has announced changes to its Nomination Committee, appointing Dr. Li Rui and Ms. Tong Shao Ming as new members. This strategic move is likely to impact the company’s governance structure, potentially influencing its decision-making processes and enhancing its leadership capabilities.

The most recent analyst rating on (HK:0683) stock is a Buy with a HK$19.60 price target. To see the full list of analyst forecasts on Kerry Properties stock, see the HK:0683 Stock Forecast page.

Kerry Properties Announces Board and Committee Composition
May 23, 2025

Kerry Properties Limited has announced the composition of its board of directors as of May 23, 2025. The board includes Executive Director Mr. Kuok Khoon Hua, who also serves as Chairman and CEO, along with Independent Non-executive Directors Mr. Hui Chun Yue, Mr. Chum Kwan Lock, and Dr. Li Rui, and Non-executive Director Ms. Tong Shao Ming. The company has also detailed the membership of its four board committees, which include the Audit and Corporate Governance Committee, Finance Committee, Remuneration Committee, and Nomination Committee, highlighting the roles of each director in these committees. This announcement reflects the company’s commitment to maintaining a structured governance framework, which is crucial for its strategic decision-making and operational oversight.

The most recent analyst rating on (HK:0683) stock is a Hold with a HK$17.00 price target. To see the full list of analyst forecasts on Kerry Properties stock, see the HK:0683 Stock Forecast page.

Kerry Properties Announces Cash Advance for Tianjin Project
May 16, 2025

Kerry Properties has announced a connected transaction involving a cash advance agreement between its subsidiary, Kerry (Shenyang) Real Estate Development Co., Ltd. (KSRE), and a joint venture, Tianjin Kerry Real Estate Development Co., Ltd. (TKRE), for the Tianjin Project. This agreement involves a loan of up to RMB250,000,000 to be used for development construction costs and daily operating expenses. The transaction is subject to certain reporting requirements under Hong Kong’s Listing Rules but is exempt from shareholder approval. This strategic financial move is expected to support the operational needs of the Tianjin Project, potentially enhancing Kerry Properties’ market position in the real estate sector.

The most recent analyst rating on (HK:0683) stock is a Hold with a HK$17.00 price target. To see the full list of analyst forecasts on Kerry Properties stock, see the HK:0683 Stock Forecast page.

Kerry Properties Announces 2025 AGM and Key Resolutions
Apr 28, 2025

Kerry Properties Limited has announced its upcoming Annual General Meeting (AGM) scheduled for May 23, 2025, in Hong Kong. The meeting will address several key resolutions including the adoption of audited financial statements, declaration of a final dividend for 2024, re-election of directors, and re-appointment of auditors. Additionally, the meeting will consider granting the board authority to issue new shares and securities, which could impact the company’s capital structure and shareholder value.

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.Date of analysis: Jun 24, 2025