Kaisa Group Holdings Ltd. (HK:1638)
:1638
Want to see HK:1638 full AI Analyst Report?
Top Page
Kaisa Group Holdings Ltd.
(1638)
Select Model
Select Model
Rating:43Neutral
Price Target:
HK$0.08
▼(-23.00% Downside)
Action:Reiterated
Date:05/12/26
The score is held down primarily by weak financial quality (high leverage, prior negative equity, and uneven cash generation) and bearish technical signals (below major moving averages with negative MACD). A very low P/E provides some valuation support, but it is tempered by concerns about the sustainability and cash conversion of the latest-year profit.
Positive Factors
Diversified revenue streams
Kaisa generates revenue from development sales plus recurring property management fees and rental income. This mix provides structural optionality: sales drive scale while recurring services and rentals supply steadier cash flows that can cushion cyclical downturns and aid medium-term stability.
Negative Factors
Extremely high leverage & negative equity history
Episodes of negative equity and very high leverage materially weaken financial resilience. Such capital-structure stress constrains access to new financing, raises covenant and refinancing risk, and makes the firm vulnerable to market or policy shocks during the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified revenue streams
Kaisa generates revenue from development sales plus recurring property management fees and rental income. This mix provides structural optionality: sales drive scale while recurring services and rentals supply steadier cash flows that can cushion cyclical downturns and aid medium-term stability.
Read all positive factors
Kaisa Group Holdings Ltd. (1638) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$755.69M
Dividend YieldN/A
Average Volume (3M)6.58M
Price to Earnings (P/E)<0.1
Beta (1Y)3.78
Revenue Growth-17.69%
EPS GrowthN/A
CountryHK
Employees15,225
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)7.49
Shares Outstanding10,212,093,000
10 Day Avg. Volume4,397,251
30 Day Avg. Volume6,583,704
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.06
Price to Sales (P/S)0.06
P/FCF Ratio0.80
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
Kaisa Group Holdings Ltd. Business Overview & Revenue Model
Company Description
Kaisa Group Holdings Ltd., an investment holding company, engages in the property investment, development, and management businesses in the People's Republic of China. It develops villas, townhouses, residential and commercial buildings, and offic...
How the Company Makes Money
Kaisa has historically generated revenue primarily through property development: (1) Selling developed properties—recognizing revenue from the pre-sale and sale of residential and commercial units and related parking spaces; this has typically bee...
Kaisa Group Holdings Ltd. Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
18
Very Negative
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.50B | 11.56B | 26.16B | 25.39B | 35.54B |
| Gross Profit | 451.84M | -11.06B | 1.70B | 1.70B | -1.65B |
| EBITDA | 54.37B | -18.76B | -16.52B | -10.70B | -11.19B |
| Net Income | 52.55B | -28.53B | -19.93B | -13.06B | -12.73B |
Balance Sheet | |||||
| Total Assets | 184.15B | 210.68B | 232.82B | 264.34B | 290.13B |
| Cash, Cash Equivalents and Short-Term Investments | 1.12B | 1.61B | 1.96B | 2.97B | 7.69B |
| Total Debt | 48.78B | 135.64B | 134.20B | 134.76B | 132.33B |
| Total Liabilities | 164.70B | 242.42B | 225.10B | 229.10B | 231.05B |
| Stockholders Equity | 10.92B | -40.58B | -12.05B | 7.86B | 21.03B |
Cash Flow | |||||
| Free Cash Flow | 763.94M | -315.23M | -435.72M | -6.33B | -22.49B |
| Operating Cash Flow | 836.98M | -124.81M | -359.18M | -6.26B | -21.85B |
| Investing Cash Flow | 227.91M | 982.51M | -604.37M | 2.02B | -13.19B |
| Financing Cash Flow | -1.35B | -1.13B | -199.14M | 3.17B | 2.05B |
Kaisa Group Holdings Ltd. Technical Analysis
Negative
0.10
Price Trends
0.08
Negative
0.09
Negative
0.11
Negative
Market Momentum
>-0.01
Negative
45.75
Neutral
30.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1638, the sentiment is Negative. The current price of 0.1 is above the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.08, and below the 200-day MA of 0.11, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 45.75 is Neutral, neither overbought nor oversold. The STOCH value of 30.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1638.
Kaisa Group Holdings 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% | |
45 Neutral | HK$960.57M | -0.16 | -20.57% | ― | -12.18% | -2.23% | |
44 Neutral | HK$24.86B | 272.03 | 0.21% | 3.94% | -2.02% | -95.76% | |
43 Neutral | HK$755.69M | 0.01 | ― | ― | -17.69% | ― | |
43 Neutral | HK$509.05M | -0.14 | -55.49% | ― | -38.93% | 59.60% | |
42 Neutral | HK$1.15B | -0.05 | -158.53% | ― | -35.92% | -31.49% | |
39 Underperform | HK$1.44B | -0.10 | -89.23% | ― | -34.82% | 6.82% |
* Real Estate Sector Average
HK:1638
Kaisa Group Holdings Ltd.
0.07
-0.09
-53.75%
HK:3383
Agile Group Holdings
0.23
-0.22
-48.76%
HK:3900
Greentown China Holdings
9.79
0.63
6.84%
HK:2777
Guangzhou R&F Properties Co
0.39
-0.55
-59.04%
HK:1813
KWG Group Holdings
0.15
-0.17
-52.70%
HK:1238
Powerlong Real Estate Holdings Ltd.
0.23
-0.11
-32.75%
Kaisa Group Holdings Ltd. Corporate Events
Kaisa Seeks U.S. Chapter 15 Recognition for Hong Kong Restructuring
Apr 16, 2026
Kaisa Group Holdings Ltd. and its subsidiary Rui Jing Investment Company Limited have initiated cross-border insolvency steps in the United States linked to their ongoing Hong Kong restructuring proceedings. Acting through an authorized foreign re...
Kaisa Posts Massive 2025 Profit on Debt Restructuring Despite Slump in Sales
Mar 31, 2026
Kaisa Group Holdings, a Chinese property developer listed in Hong Kong, reported a sharp turnaround in its 2025 results despite weaker top-line performance. The group’s revenue fell 17.8% year on year to RMB9.5 billion, reflecting softer con...
Kaisa Signals 2025 Profit on Debt Restructuring Gain Despite Underlying Loss
Mar 24, 2026
Kaisa Group Holdings expects to report at least RMB50 billion in profit attributable to shareholders for 2025, a sharp reversal from a RMB28.5 billion loss in 2024, largely driven by a substantial gain from offshore debt restructuring. However, on...
Kaisa Group Shifts Pharma Stake to Kaisa Health in RMB21.6 Million Share Deal
Mar 18, 2026
Kaisa Group Holdings Ltd. has restructured its interest in a mainland China pharmaceutical project by transferring the entire issued share capital of a target holding company from a wholly owned subsidiary to its listed subsidiary Kaisa Health for...
Kaisa Schedules Board Meeting to Approve 2025 Annual Results and Consider Dividend
Mar 18, 2026
Kaisa Group Holdings Ltd., a Cayman Islands-incorporated company listed in Hong Kong, operates in the Chinese real estate sector through its subsidiaries and is governed by a board comprising executive and independent non-executive directors. The ...
Kaisa Wins Bondholder Backing for Amendments to Offshore Notes
Mar 15, 2026
Kaisa Group Holdings Ltd. has secured the required level of bondholder approval for proposed amendments to its outstanding series of notes, following the expiry of its consent solicitation on March 13, 2026 in London. The company said the requisit...
Kaisa Further Extends Consent Deadline to Avert Potential Debt Default
Feb 24, 2026
Kaisa Group Holdings has further extended the expiration deadline for its consent solicitation relating to certain outstanding notes, moving it from 4:00 p.m. London time on February 23, 2026, to 4:00 p.m. on March 9, 2026. The extension is intend...
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.