Golden Wheel Tiandi Holdings Co. Ltd. (HK:1232)
:1232
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Golden Wheel Tiandi Holdings Co. Ltd.
(1232)
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Rating:41Neutral
Price Target:
HK$0.47
▲(0.64% Upside)
Action:Reiterated
Date:05/06/26
The score is driven primarily by very weak financial performance, especially persistent losses and a highly stressed balance sheet with negative equity. Technical indicators add a mild short-term stabilization signal but remain weak overall, and valuation provides little support given negative earnings and no dividend data.
Positive Factors
Deleveraging trend
A sustained decline in total debt across 2023–2025 reduces refinancing pressure and interest burden, improving financial flexibility over months. This deleveraging helps lower solvency risk and creates headroom for restructuring or selective investment, though negative equity remains a constraint.
Negative Factors
Negative equity / stressed balance sheet
Negative equity is a structural solvency red flag that weakens creditor confidence and limits access to fresh capital. It increases refinancing and covenant risk, forces tighter counterparty terms, and makes the company sensitive to asset revaluations—pressure that can persist for months absent recapitalization.
Read all positive and negative factors
Positive Factors
Negative Factors
Deleveraging trend
A sustained decline in total debt across 2023–2025 reduces refinancing pressure and interest burden, improving financial flexibility over months. This deleveraging helps lower solvency risk and creates headroom for restructuring or selective investment, though negative equity remains a constraint.
Read all positive factors
Golden Wheel Tiandi Holdings Co. Ltd. (1232) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$72.86M
Dividend YieldN/A
Average Volume (3M)1.44K
Price to Earnings (P/E)―
Beta (1Y)0.95
Revenue Growth-43.14%
EPS Growth28.88%
CountryHK
Employees578
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-2.65
Shares Outstanding179,902,000
10 Day Avg. Volume1,200
30 Day Avg. Volume1,440
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.09
Price to Sales (P/S)0.13
P/FCF Ratio0.66
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
Golden Wheel Tiandi Holdings Co. Ltd. Business Overview & Revenue Model
Company Description
Golden Wheel Tiandi Holdings Co. Ltd. (1232) is a prominent property development and investment company based in China, primarily focusing on the development of residential, commercial, and mixed-use properties. The company operates in various sec...
How the Company Makes Money
Golden Wheel Tiandi Holdings Co. Ltd. primarily makes money through (1) property development revenue: proceeds from the sale of developed properties and related income recognized when projects are completed and delivered (exact recognition policy ...
Golden Wheel Tiandi Holdings Co. Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 452.68M | 796.38M | 2.39B | 2.66B | 1.78B |
| Gross Profit | 146.66M | 154.03M | 71.35M | -132.01M | -27.53M |
| EBITDA | -7.34M | -649.23M | -476.72M | -556.28M | -1.78B |
| Net Income | -584.29M | -823.94M | -1.04B | -1.05B | -1.99B |
Balance Sheet | |||||
| Total Assets | 7.46B | 8.12B | 10.00B | 12.31B | 13.84B |
| Cash, Cash Equivalents and Short-Term Investments | 81.85M | 97.88M | 209.26M | 193.22M | 346.91M |
| Total Debt | 705.83M | 4.19B | 4.48B | 5.35B | 5.24B |
| Total Liabilities | 7.86B | 7.93B | 9.03B | 10.38B | 10.91B |
| Stockholders Equity | -675.10M | -93.40M | 733.00M | 1.79B | 2.84B |
Cash Flow | |||||
| Free Cash Flow | 90.52M | -27.23M | 382.78M | -193.73M | 940.79M |
| Operating Cash Flow | 90.53M | -15.54M | 382.91M | -193.62M | 1.02B |
| Investing Cash Flow | 10.98M | 15.40M | 6.36M | 587.03M | 206.96M |
| Financing Cash Flow | -139.63M | -111.41M | -373.48M | -549.14M | -1.73B |
Golden Wheel Tiandi Holdings Co. Ltd. Technical Analysis
Negative
0.47
Price Trends
0.37
Positive
0.38
Positive
0.49
Negative
Market Momentum
0.02
Negative
49.30
Neutral
61.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1232, the sentiment is Negative. The current price of 0.47 is above the 20-day moving average (MA) of 0.40, above the 50-day MA of 0.37, and below the 200-day MA of 0.49, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 49.30 is Neutral, neither overbought nor oversold. The STOCH value of 61.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1232.
Golden Wheel Tiandi Holdings Co. Ltd. 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$78.36M | 1.83 | -39.03% | ― | 3574.59% | 48.95% | |
41 Neutral | HK$72.86M | -0.10 | ― | ― | -43.14% | 28.88% | |
41 Neutral | HK$66.06M | -0.80 | -61.82% | ― | -10.56% | 91.75% | |
40 Underperform | HK$74.25M | >-0.01 | 77.11% | ― | -70.62% | -155.99% |
* Real Estate Sector Average
HK:1232
Golden Wheel Tiandi Holdings Co. Ltd.
0.41
0.12
39.66%
HK:1124
Coastal Greenland Limited
0.19
0.05
35.97%
HK:6158
Zhenro Properties Group Limited
0.02
-0.02
-60.00%
HK:0845
Glorious Property Holdings Limited
0.01
0.00
0.00%
HK:0755
Shanghai Zendai Property Ltd.
0.35
-0.17
-32.69%
HK:0910
China Sandi Holdings Ltd.
0.01
0.00
0.00%
Golden Wheel Tiandi Holdings Co. Ltd. Corporate Events
Golden Wheel Tiandi Sets 2026 AGM and Seeks Fresh Share Issuance Mandate
Apr 27, 2026
Golden Wheel Tiandi Holdings Company Limited has convened its annual general meeting for 21 May 2026 in Hong Kong, where shareholders will review and adopt the audited consolidated financial statements, directors’ report and auditor’s ...
Golden Wheel Tiandi Proposes Overhaul of Corporate Constitution to Embrace Paperless Market
Apr 24, 2026
Golden Wheel Tiandi Holdings Company Limited, a Cayman-incorporated property developer listed in Hong Kong under stock code 1232, is overseen by a mixed board of executive, non-executive and independent non-executive directors. The group focuses o...
Golden Wheel Tiandi Deepens Losses as Property Portfolio and Cash Shrink in 2025
Mar 30, 2026
Golden Wheel Tiandi reported a sharp deterioration in operating scale for 2025, with revenue falling 43.2% to RMB452.7 million and total contracted sales down 32.5% to RMB433.4 million, reflecting continued weakness in China’s property marke...
Golden Wheel Tiandi Sets March Board Meeting to Approve 2025 Results and Mull Final Dividend
Mar 16, 2026
Golden Wheel Tiandi Holdings Company Limited has scheduled a board meeting in Hong Kong on 30 March 2026 to review and approve the annual results of the company and its subsidiaries for the financial year ended 31 December 2025. The board will als...
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.