Red Star Macalline Group Corporation Ltd Class H (HK:1528)
:1528
Top Page
Red Star Macalline Group Corporation Ltd Class H
(1528)
Select Model
Select Model
Rating:44Neutral
Price Target:
HK$1.50
▲(20.97% Upside)
Action:ReiteratedDate:04/09/26
The score is driven primarily by weak financial performance (revenue contraction, large losses, and balance-sheet strain despite still-positive free cash flow). Technical signals add pressure with the stock trading below key moving averages and negative MACD. Valuation is constrained by a negative P/E and no dividend yield data.
Positive Factors
Cash generation
Consistent positive operating and free cash flow in 2025 demonstrates the business can generate real cash despite accounting losses. This provides a durable buffer to fund operations, service debt and invest selectively, improving solvency and giving management time to execute a turnaround.
Negative Factors
Revenue decline
Sustained multi-year revenue contraction erodes scale economics for mall operators, reducing bargaining power with tenants and limiting fixed-cost absorption. Continued top-line shrinkage weakens long-term margin sustainability and makes recovery harder without clear demand or product mix improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Consistent positive operating and free cash flow in 2025 demonstrates the business can generate real cash despite accounting losses. This provides a durable buffer to fund operations, service debt and invest selectively, improving solvency and giving management time to execute a turnaround.
Read all positive factors
Red Star Macalline Group Corporation Ltd Class H (1528) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$10.94B
Dividend YieldN/A
Average Volume (3M)7.07M
Price to Earnings (P/E)―
Beta (1Y)1.93
Revenue Growth-25.49%
EPS Growth-19.64%
CountryHK
Employees11,553
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-5.18
Shares Outstanding741,285,640
10 Day Avg. Volume6,844,986
30 Day Avg. Volume7,065,394
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
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)0.05
Revenue Forecast (FY)HK$8.56B
Red Star Macalline Group Corporation Ltd Class H Business Overview & Revenue Model
Company Description
Red Star Macalline Group Corporation Ltd. operates and manages home improvement and furnishing shopping malls in Mainland China. The company operates through five segments: Owned/Leased Portfolio Shopping Malls; Managed Shopping Malls; Constructio...
How the Company Makes Money
The company primarily makes money by operating home furnishings and home improvement shopping malls and monetizing traffic and space provided to merchants and brands. Key revenue streams typically include (1) rental and related income: charging me...
Red Star Macalline Group Corporation Ltd Class H Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
34
Negative
Cash Flow
56
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.37B | 7.82B | 11.51B | 14.14B | 15.51B |
| Gross Profit | 3.25B | 4.99B | 7.03B | 8.84B | 15.51B |
| EBITDA | -24.68B | -1.55B | 433.16M | 4.47B | 5.79B |
| Net Income | -23.11B | -2.98B | -2.41B | 678.57M | 1.96B |
Balance Sheet | |||||
| Total Assets | 87.41B | 118.64B | 124.19B | 129.48B | 135.19B |
| Cash, Cash Equivalents and Short-Term Investments | 3.22B | 3.30B | 3.10B | 3.55B | 7.14B |
| Total Debt | 45.00B | 39.71B | 38.23B | 38.23B | 44.51B |
| Total Liabilities | 63.33B | 67.33B | 69.04B | 71.48B | 77.66B |
| Stockholders Equity | 22.53B | 48.20B | 49.62B | 54.45B | 53.98B |
Cash Flow | |||||
| Free Cash Flow | 581.24M | 146.45M | 2.32B | 3.64B | 2.99B |
| Operating Cash Flow | 841.16M | 216.37M | 2.36B | 3.88B | 5.38B |
| Investing Cash Flow | -639.07M | 631.16M | 701.36M | 687.70M | -126.81M |
| Financing Cash Flow | -516.77M | -242.64M | -3.17B | -8.06B | -5.05B |
Red Star Macalline Group Corporation Ltd Class H Technical Analysis
Negative
1.24
Price Trends
1.32
Negative
1.30
Negative
1.40
Negative
Market Momentum
-0.02
Positive
46.96
Neutral
46.04
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1528, the sentiment is Negative. The current price of 1.24 is below the 20-day moving average (MA) of 1.31, below the 50-day MA of 1.32, and below the 200-day MA of 1.40, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 46.96 is Neutral, neither overbought nor oversold. The STOCH value of 46.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1528.
Red Star Macalline Group Corporation Ltd Class H Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | HK$17.39B | 4.67 | 15.52% | 4.43% | 6.54% | 3.26% | |
74 Outperform | HK$6.56B | 10.17 | 37.09% | 6.94% | 21.11% | 9.61% | |
71 Outperform | HK$13.65B | 15.46 | 11.18% | 2.78% | -0.95% | 14.89% | |
66 Neutral | HK$20.03B | 30.82 | 1.68% | 4.94% | 7.23% | ― | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
51 Neutral | HK$12.43B | 11.52 | 74.40% | ― | 4.74% | -21.33% | |
44 Neutral | HK$10.94B | -1.13 | -9.42% | ― | -25.49% | -19.64% |
* Real Estate Sector Average
HK:1528
Red Star Macalline Group Corporation Ltd Class H
1.29
0.01
0.78%
HK:6098
Country Garden Services Holdings Co
6.15
-0.30
-4.68%
HK:2869
Greentown Service Group Co. Ltd.
4.33
0.27
6.65%
HK:3316
Binjiang Service Group Co. Ltd.
23.74
1.09
4.81%
HK:6049
Poly Property Services Co., Ltd. Class H
31.42
1.72
5.79%
HK:6666
Evergrande Property Services Group Ltd.
1.15
0.48
71.64%
Red Star Macalline Group Corporation Ltd Class H Corporate Events
Red Star Macalline Books Nearly RMB4 Billion in 2025 Asset Impairments
Mar 30, 2026
Red Star Macalline Group Corporation Ltd. has disclosed that it will book substantial asset impairment provisions for the full year 2025 under Chinese accounting standards, mainly covering receivables, contract assets, inventories, fixed assets, l...
Red Star Macalline Reshapes National Mall Portfolio in 2025 Operating Update
Mar 30, 2026
Red Star Macalline Group Corporation Ltd. has disclosed its key operating statistics for 2025, reporting a network of 74 portfolio shopping malls, 218 managed shopping malls and 7 home furnishing malls under strategic cooperation as of 31 December...
Red Star Macalline Swings to Massive 2025 Loss as Mall Network Shrinks but Occupancy Improves
Mar 30, 2026
Red Star Macalline reported a sharp deterioration in 2025 results, with revenue falling to RMB 6.58 billion from RMB 7.82 billion and loss attributable to owners widening dramatically to RMB 24.09 billion, while core net loss also deepened and no ...
Red Star Macalline Sets March 2026 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 18, 2026
Red Star Macalline Group Corporation Ltd. has scheduled a board meeting for 30 March 2026 to review and approve the annual results for the year ended 31 December 2025, along with their planned publication. The board will also consider the recommen...
Red Star Macalline Restructures Secretariat, Appoints Cao Shu as Board Secretary and Joint Company Secretary
Jan 29, 2026
Red Star Macalline Group Corporation Ltd. has reshaped its board and company secretarial structure, appointing experienced finance and governance professional Cao Shu as secretary of the board, joint company secretary and authorised representative...
Red Star Macalline Flags Deepened 2025 Losses on Property Write-Downs, Maps New Strategic Pivot
Jan 23, 2026
Red Star Macalline has warned that its loss for 2025 is expected to widen sharply to between RMB15.985 billion and RMB23.837 billion, with net loss attributable to shareholders projected at RMB15.36 billion to RMB22.86 billion, compared with a RMB...
Red Star Macalline Shareholders Approve Capital Cut, Governance Changes at 2026 EGM
Jan 16, 2026
Red Star Macalline Group Corporation Ltd. reported that all resolutions proposed at its first extraordinary general meeting of 2026, held in Shanghai on 16 January, were approved by shareholders via poll, with nearly half of the company’s sh...
Red Star Macalline Flags 2025 Loss as Property Slump Forces Asset Impairments
Jan 16, 2026
Red Star Macalline has warned that its net profit attributable to shareholders for 2025 is expected to be negative, reflecting sustained weakness in China’s home furnishing retail market amid the protracted downturn in the real estate sector...
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.