Midland Holdings Limited (1200) AI Stock Analysis

• Market Cap: HK$931.96M
• Dividend Yield: N/A
• Average Volume (3M): 2.57M
• Price to Earnings (P/E): 2.9
• Beta (1Y): 1.02
• Revenue Growth: 27.81%
• EPS Growth: N/A
• Country: HK
• Employees: 4,593
• Sector: Real Estate
• Sector Strength: 66
• Industry: Real Estate - Services
• EPS (TTM): 0.45
• Shares Outstanding: 716,896,000
• 10 Day Avg. Volume: 2,710,607
• 30 Day Avg. Volume: 2,568,007
• PEG Ratio: <0.01
• Price to Book (P/B): 0.76
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 7.97
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 68 Neutral
• Price Target: ―

Midland Holdings Limited shows strong financial performance with revenue growth and improved gross margins, but faces challenges with net profit volatility and cash flow consistency. The stock's technical indicators suggest mixed momentum, with short-term weakness but potential long-term strength. Valuation is a strong positive, with a low P/E ratio indicating potential undervaluation. Overall, while financial strengths are notable, risks associated with liabilities and market fluctuations must be considered.

Midland Holdings Limited Business Overview & Revenue Model

Company Description

Midland Holdings Limited, an investment holding company, provides property agency services in the Hong Kong, Macau, and the People's Republic of China. The company offers residential property agency services, as well as non-residential property agency services in respect of industrial, commercial, and shop properties; and money lending, project planning, commercial property management, and marketing and sales planning services, as well as surveying, leasing, and property management services. It also provides immigration consultancy services; surveying consultancy services, including valuation advisory, development study, sales, marketing, tender, and auction for projects; and operates internet website. In addition, the company offers property investment services; and overseas property projects' marketing and referral services. Midland Holdings Limited was founded in 1973 and is headquartered in Central, Hong Kong.

How the Company Makes Money

Midland Holdings Limited generates revenue primarily through commissions earned from property brokerage services. The company facilitates transactions in the residential, commercial, and industrial property sectors, earning a percentage of the sale or leasing price as commission. Additionally, Midland Holdings may derive income from providing ancillary services such as property valuation, consultancy, and mortgage referral. The company's revenue is significantly influenced by the real estate market conditions in Hong Kong, including property prices and transaction volumes. Strategic partnerships with real estate developers and financial institutions may also play a role in enhancing its service offerings and expanding its client base.

Midland Holdings Limited Financial Statement Overview

Summary

Midland Holdings Limited demonstrates strong revenue growth, with improvements in gross profit margins indicating better operational efficiency. However, the volatility in net profit margins and inconsistent cash flow growth could pose challenges. The company has improved its balance sheet leverage, yet high liabilities remain a risk. Overall, while there are positive trends, the financial stability could be vulnerable to market fluctuations.

Income Statement

The company has shown strong revenue growth with a significant increase from 2023 to 2024. Gross profit margins improved notably over the years, indicating better cost management. However, the net profit margin has been volatile, with some years showing losses, which could pose a risk to long-term profitability.

Balance Sheet

The debt-to-equity ratio has improved over the years, indicating better financial leverage management. The equity ratio remains stable, suggesting a solid equity base, but the overall high liabilities pose a risk. Return on equity has been inconsistent, reflecting fluctuations in profitability.

Cash Flow

Free cash flow has been positive, although growth has been inconsistent. The ratio of operating cash flow to net income has been favorable, indicating efficient cash generation relative to earnings. However, zero free cash flow reported in 2024 suggests potential cash flow management issues.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
6.09B	2.65B	2.36B	4.20B	3.48B
	Gross Profit
6.09B	202.94M	-285.16M	555.17M	318.55M
	EBIT
384.59M	-17.90M	-559.27M	165.35M	7.74M
	EBITDA
447.13M	475.82M	78.78M	779.78M	812.20M
	Net Income Common Stockholders
320.32M	-41.92M	-533.97M	100.21M	131.85M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
711.13M	532.15M	450.67M	1.51B	940.61M
	Total Assets
4.71B	3.57B	3.83B	6.35B	5.03B
	Total Debt
222.74M	456.84M	768.26M	1.53B	897.87M
	Net Debt
-488.38M	-75.31M	317.60M	28.21M	-40.28M
	Total Liabilities
3.71B	2.91B	3.14B	5.17B	3.94B
	Stockholders Equity
993.71M	657.19M	684.25M	1.19B	1.09B
Cash Flow		Free Cash Flow
0.00	523.21M	45.98M	702.35M	634.44M
	Operating Cash Flow
650.24M	543.60M	103.32M	767.69M	694.49M
	Investing Cash Flow
-8.16M	54.66M	-53.99M	-60.34M	-59.17M
	Financing Cash Flow
-462.30M	-512.50M	-1.10B	-142.25M	-856.94M

Midland Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1200, the sentiment is Positive. The current price of 1.3 is above the 20-day moving average (MA) of 1.16, above the 50-day MA of 1.07, and above the 200-day MA of 0.91, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 65.87 is Neutral, neither overbought nor oversold. The STOCH value of 57.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1200.

Midland Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1502	76 Outperform	HK$847.84M	6.74	9.14%	8.38%	13.57%	-11.39%
1200	68 Neutral	HK$931.96M	2.91	38.81%	―	27.81%	―
2215	64 Neutral	HK$734.30M	17.90	5.41%	―	-4.12%	-38.34%
2270	64 Neutral	HK$955.20M	22.88	12.90%	―	31.21%	-3.72%
Sector *	61 Neutral	$2.84B	10.78	0.41%	6.09%	6.01%	-21.16%
0237	50 Neutral	HK$757.35M	―	-1.81%	6.59%	8.19%	32.85%
0266	48 Neutral	HK$958.96M	―	-7.53%	7.92%	1.98%	-1127.19%

Midland Holdings Limited Corporate Events

Midland Holdings Announces AGM and Share Buyback Plan

Midland Holdings Limited has announced its upcoming Annual General Meeting (AGM) scheduled for June 6, 2025, in Hong Kong. The meeting will address several key issues, including the adoption of the financial statements for 2024, the re-election of directors, the re-appointment of auditors, and a resolution to authorize the company to buy back its own shares, which could impact the company’s stock market strategy and shareholder value.

Midland Holdings Announces Closure of Register for AGM

Midland Holdings Limited has announced the closure of its register of members to determine eligibility for attending and voting at its upcoming annual general meeting on June 6, 2025. The register will be closed from June 3 to June 6, 2025, and shareholders must lodge their transfer forms by June 2, 2025, to participate. This procedural update is crucial for stakeholders to ensure their participation in the company’s governance decisions.

Midland Holdings Reports Strong Turnaround in 2024 Annual Results

Midland Holdings Limited announced its audited consolidated annual results for the year ended December 31, 2024, reporting a significant turnaround with a profit of HK$320.3 million compared to a loss of HK$41.9 million in the previous year. This positive performance is attributed to increased revenues and effective cost management, positioning the company favorably in the real estate market and providing a positive outlook for stakeholders.

Midland Holdings Announces Executive Resignation

Midland Holdings Limited announced the resignation of Mr. Pierre Wong as Executive Director and Managing Director due to the expiry of his contract term, effective April 1, 2025. Mr. Wong will continue to serve the company as a consultant, and the board expressed gratitude for his contributions, noting no disagreements or issues related to his departure.

Midland Holdings Announces New Board and Committee Appointments

Midland Holdings Limited has announced changes to its board of directors and committee memberships effective from April 1, 2025. The company has appointed Mr. Wong Kin Yip, Freddie as Chairman, Ms. Wong Ching Yi, Angela as Deputy Chairman and Managing Director, and Mr. Sze Ka Ming as Chief Financial Officer. The board also includes independent non-executive directors Mr. Ho Kwan Tat, Ted, Mr. Sun Tak Chiu, and Mr. Chan Nim Leung Leon. These changes in leadership and committee roles are expected to impact the company’s governance and strategic direction, potentially influencing its market positioning and stakeholder relationships.

Midland Holdings to Review Annual Results and Dividend Proposal

Midland Holdings Limited has announced that its board of directors will hold a meeting on March 28, 2025. The meeting will focus on approving the audited annual results for the year ending December 31, 2024, and discussing the potential recommendation of a final dividend. This announcement indicates Midland Holdings’ commitment to transparency and shareholder engagement, as it prepares to disclose its financial performance and possibly reward its investors with dividends.