China Merchants Land Limited (HK:0978)
:0978
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China Merchants Land Limited
(0978)
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Rating:45Neutral
Price Target:
HK$0.50
▲(92.31% Upside)
Action:ReiteratedDate:10/25/25
The overall stock score of 45 reflects significant concerns in financial performance, with declining revenue, negative profitability, and high debt levels posing key risks. While strong cash flow offers some operational resilience and technical indicators suggest mild bullish momentum, the negative P/E ratio underscores valuation challenges. Investors should approach with caution.
Positive Factors
Strategic Partnerships
Partnerships with China Merchants Group enhance resource access and market reach, supporting long-term growth and stability.
Negative Factors
Declining Revenues
Decreasing revenues indicate challenges in market demand or competitiveness, impacting long-term growth prospects.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic Partnerships
Partnerships with China Merchants Group enhance resource access and market reach, supporting long-term growth and stability.
Read all positive factors
China Merchants Land Limited (0978) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.13B
Dividend Yield4.36%
Average Volume (3M)1.03M
Price to Earnings (P/E)―
Beta (1Y)1.47
Revenue Growth-16.06%
EPS Growth-529.92%
CountryHK
Employees712
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)-0.44
Shares Outstanding4,905,258,000
10 Day Avg. Volume702,400
30 Day Avg. Volume1,026,006
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.15
Price to Sales (P/S)0.06
P/FCF Ratio0.19
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
China Merchants Land Limited Business Overview & Revenue Model
Company Description
China Merchants Land Limited, an investment holding company, engages in the investment, development, management, lease, and sale of properties. The company operates through Properties and Asset Management segments. Its property portfolio includes ...
How the Company Makes Money
China Merchants Land Limited generates revenue primarily through the sale of residential and commercial properties. The company's revenue model is centered on property development, where it acquires land, develops real estate projects, and sells t...
China Merchants Land Limited Financial Statement Overview
Summary
Income Statement
25
Negative
Balance Sheet
30
Negative
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.32B | 20.66B | 28.80B | 29.87B | 25.92B | 18.96B |
| Gross Profit | 1.03B | 985.42M | 3.87B | 4.00B | 4.79B | 4.72B |
| EBITDA | -73.25M | -79.58M | 3.66B | 3.83B | 4.50B | 4.51B |
| Net Income | -1.75B | -1.85B | 133.41M | 329.66M | 560.57M | 701.26M |
Balance Sheet | ||||||
| Total Assets | 135.97B | 124.74B | 132.67B | 130.87B | 138.73B | 111.03B |
| Cash, Cash Equivalents and Short-Term Investments | 14.52B | 12.73B | 10.28B | 12.34B | 14.42B | 9.72B |
| Total Debt | 34.80B | 36.36B | 37.09B | 35.79B | 36.97B | 19.94B |
| Total Liabilities | 102.16B | 91.65B | 97.55B | 98.14B | 104.88B | 79.76B |
| Stockholders Equity | 7.75B | 8.02B | 9.91B | 9.86B | 9.74B | 9.50B |
Cash Flow | ||||||
| Free Cash Flow | 4.73B | 6.55B | -566.56M | 6.12B | -6.13B | 7.66B |
| Operating Cash Flow | 4.73B | 6.55B | -551.79M | 6.15B | -6.11B | 7.67B |
| Investing Cash Flow | 3.66B | 592.20M | -4.35B | -6.57B | -997.67M | -16.74B |
| Financing Cash Flow | -7.24B | -3.34B | 334.31M | -1.76B | 11.82B | 9.88B |
China Merchants Land Limited Technical Analysis
Negative
0.26
Price Trends
0.27
Negative
0.28
Negative
0.28
Negative
Market Momentum
-0.01
Positive
24.62
Positive
18.42
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0978, the sentiment is Negative. The current price of 0.26 is above the 20-day moving average (MA) of 0.25, below the 50-day MA of 0.27, and below the 200-day MA of 0.28, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 24.62 is Positive, neither overbought nor oversold. The STOCH value of 18.42 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0978.
China Merchants Land Limited 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$842.97M | -4.13 | -5.74% | 3.85% | -1.26% | 54.17% | |
47 Neutral | HK$512.86M | -0.62 | -0.10% | ― | -43.28% | -93.81% | |
45 Neutral | HK$1.13B | -0.55 | -32.15% | 4.36% | -16.06% | -529.92% | |
45 Neutral | HK$1.72B | -0.83 | -3.56% | ― | 72.75% | 25.44% | |
41 Neutral | HK$872.00M | -0.21 | -11.79% | ― | -18.16% | 21.78% | |
40 Underperform | HK$899.59M | 0.14 | -154.48% | ― | -57.94% | 45.77% |
* Real Estate Sector Average
HK:0978
China Merchants Land Limited
0.23
0.05
26.37%
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0.60
0.01
1.69%
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0.08
-0.10
-56.57%
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1.40
0.05
3.70%
HK:0480
HKR International Limited
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0.34
41.46%
HK:0672
Zhong An Group Limited
0.09
-0.02
-16.51%
China Merchants Land Limited Corporate Events
China Merchants Land Acquires 100% Equity in Project Company
Nov 20, 2025
China Merchants Land Limited, through its subsidiary Nanjing Zhaoping, has entered into an Equity Transfer Agreement with CITIC Securities to acquire 100% equity interests in a Project Company. This transaction, valued at RMB259,236,960.10, is con...
Leadership Transition at China Merchants Land Limited
Nov 14, 2025
China Merchants Land Limited has announced a significant leadership change with the resignation of Mr. Jiang Tiefeng from his roles as non-executive Director, Chairman of the Board, and Chairman of the Nomination Committee, effective November 14, ...
China Merchants Land Limited Announces Board Composition
Nov 14, 2025
China Merchants Land Limited has announced the composition of its Board of Directors, detailing the roles and functions of each member within the company’s governance structure. This announcement provides clarity on the leadership and oversi...
China Merchants Land Reports Mixed Nine-Month Performance with Rising Prices
Oct 24, 2025
China Merchants Land Limited reported unaudited operating statistics for the nine months ending September 30, 2025, showing a decline in aggregate contracted sales and sales area compared to the previous year. Despite a decrease in sales volume, t...
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.