Standard Development Group Limited (1867) AI Stock Analysis

• Market Cap: HK$327.19M
• Dividend Yield: N/A
• Average Volume (3M): 117.53K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.08
• Revenue Growth: -30.47%
• EPS Growth: -57.80%
• Country: HK
• Employees: 92
• Sector: Industrials
• Sector Strength: 72
• Industry: Consulting Services
• EPS (TTM): -0.01
• Shares Outstanding: 1,494,000,000
• 10 Day Avg. Volume: 146,000
• 30 Day Avg. Volume: 117,533
• PEG Ratio: -0.03
• Price to Book (P/B): 2.60
• Price to Sales (P/S): 0.82
• P/FCF Ratio: -2.73
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: HK$0.20 ▼(-21.60% Downside)
• Action: Reiterated Date: 11/30/25
• Date: Action: Reiterated 11/30/25

The overall stock score is primarily impacted by the company's weak financial performance, characterized by declining revenues, high leverage, and negative cash flow. Technical analysis provides a neutral outlook with no clear trend, while valuation is challenged by a negative P/E ratio. The absence of earnings call data and corporate events leaves these areas unaddressed.

Positive Factors

Diversified business lines

Operating across development, construction and property management creates multiple durable revenue channels. Integrated capabilities let the firm capture development margins, construction fees and recurring management income, smoothing cash flows over real estate cycles and supporting long-term resilience.

Multiple revenue streams & partnerships

Revenue diversification and stated partnerships with governments and private entities provide structural access to land and large projects. Long-term collaborations can improve project visibility, secure contracted work and reduce standalone land acquisition risk, supporting sustained project pipeline.

Relatively stable equity ratio

A relatively stable equity ratio gives a modest capital buffer that can support borrowing for development projects. While leverage is high, stability in equity provides some resilience against cyclical shocks and helps maintain access to financing alongside commercial partners over the medium term.

Negative Factors

Declining revenue and margins

Sustained revenue decline and extremely low gross margins signal structural demand or execution issues. Shrinking top-line reduces scale, limits ability to cover fixed costs, undermines margin recovery and constrains reinvestment into projects, pressuring long-term competitiveness in property markets.

High financial leverage

A near 2.0 debt/equity ratio materially increases refinancing and interest-rate sensitivity for a developer. High leverage constrains financial flexibility, elevates default risk during downturns, and limits capacity to fund new developments without dilutive or costly external financing.

Weak and volatile cash flow

Negative and volatile free cash flow limits the company’s ability to self-fund projects, service debt and absorb shocks. Reliance on external financing or asset sales increases execution risk on multi-year developments and can amplify strain in a cyclical property downturn.

Standard Development Group Limited Business Overview & Revenue Model

Company Description

Standard Development Group Limited, an investment holding company, engages in the interior fitting-out, renovation, alteration, and addition works for residential, industrial, and commercial properties in Mainland China and Hong Kong. The company operates through Construction and Engineering Related Business, and Trading Business segments. It also provides construction and engineering related services, as well as interior design services. In addition, the company engages in trading of consumables and petroleum products. It serves contractors, landlords, and property developers. The company was formerly known as LKS Holding Group Limited and changed its name to Standard Development Group Limited in September 2021. Standard Development Group Limited was founded in 2005 and is headquartered in Sheung Wan, Hong Kong. Standard Development Group Limited operates as a subsidiary of FUJINCHENG INVESTMENT HOLDINGS CO., LTD.

How the Company Makes Money

The company generates revenue through multiple streams, including the sale and leasing of residential and commercial properties, construction contracts, and property management services. By developing and selling real estate, Standard Development Group Limited capitalizes on the appreciation of property values and demand in the market. Additionally, the company engages in partnerships with local governments and private entities to undertake large-scale development projects, further enhancing its revenue potential. Significant factors contributing to its earnings include strategic land acquisition, effective project management, and the ability to adapt to market trends and customer preferences.

Standard Development Group Limited Financial Statement Overview

Summary

Standard Development Group Limited is facing significant financial challenges across all verticals. The income statement reflects declining revenues and persistent losses. The balance sheet shows high leverage, increasing financial risk. Cash flow management is volatile, with negative free cash flow. The company needs to address these issues to improve its financial health and stability.

Income Statement

The company has experienced declining revenue over the past few years, with a significant drop of 8.56% in the most recent year. Gross profit margins have been extremely low, and net profit margins have been negative, indicating ongoing losses. The EBIT and EBITDA margins are also negative, reflecting operational challenges. Overall, the income statement shows weak financial performance with no clear signs of improvement.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 1.98, suggesting significant leverage and potential financial risk. Return on equity is negative, indicating that the company is not generating profits from its equity base. The equity ratio is relatively stable, but the high leverage poses a risk to financial stability.

Cash Flow

Cash flow analysis shows a substantial increase in free cash flow growth, but this is from a negative base, indicating volatility. The operating cash flow to net income ratio is low, and free cash flow to net income is negative, highlighting cash flow challenges. Overall, cash flow management appears weak, with significant fluctuations and negative free cash flow.

Breakdown	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	301.03M	489.79M	661.23M	306.56M	221.89M
Gross Profit	763.00K	3.25M	22.12M	10.18M	13.90M
EBITDA	-30.87M	-16.77M	-4.31M	-19.16M	4.92M
Net Income	-50.03M	-19.94M	-8.83M	-21.01M	1.01M
Balance Sheet
Total Assets	380.56M	291.71M	273.98M	253.75M	149.41M
Cash, Cash Equivalents and Short-Term Investments	39.03M	23.93M	153.35M	139.55M	30.96M
Total Debt	187.58M	75.30M	16.55M	16.34M	25.12M
Total Liabilities	277.31M	137.32M	-49.72M	108.43M	31.71M
Stockholders Equity	94.63M	144.81M	169.32M	145.32M	117.70M
Cash Flow
Free Cash Flow	-90.42M	-125.45M	-18.44M	72.11M	2.14M
Operating Cash Flow	17.84M	-56.69M	-17.54M	74.47M	2.22M
Investing Cash Flow	-108.24M	-90.48M	-907.00K	-2.36M	-85.00K
Financing Cash Flow	105.48M	24.62M	33.62M	35.97M	-11.18M

Standard Development Group Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.25
• 50DMA: Negative
• 100DMA: Negative
• 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:1867, the sentiment is Positive. The current price of 0.25 is above the 20-day moving average (MA) of 0.21, above the 50-day MA of 0.23, and above the 200-day MA of 0.21, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 51.31 is Neutral, neither overbought nor oversold. The STOCH value of 62.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1867.

Standard Development Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1568	78 Outperform	HK$1.77B	2.79	8.03%	8.00%	-9.50%	-24.73%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
8501	50 Neutral	HK$120.75M	-3.32	-7.39%	―	50.50%	27.48%
1376	47 Neutral	HK$147.00M	2.26	-10.63%	―	1.93%	-158.33%
8455	47 Neutral	HK$101.76M	-4.63	-601.82%	―	4.00%	13.57%
3893	46 Neutral	HK$317.30M	-0.40	―	―	-24.93%	-72.69%
1867	42 Neutral	HK$327.19M	-3.32	-78.46%	―	-30.47%	-57.80%

Standard Development Group Limited Corporate Events

Standard Development Group Reports Increased Losses in Interim Results

Standard Development Group Limited announced its unaudited interim results for the six months ending September 30, 2025, revealing a significant decline in revenue from HK$144,004,000 in 2024 to HK$71,848,000 in 2025. The company reported a loss before tax of HK$21,881,000, an increase from the previous year’s loss of HK$19,291,000, indicating ongoing financial challenges. The comprehensive expense for the period was HK$21,306,000, reflecting a difficult economic environment and operational inefficiencies.

The most recent analyst rating on (HK:1867) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Standard Development Group Limited stock, see the HK:1867 Stock Forecast page.

Standard Development Group Schedules Board Meeting for Interim Results

Standard Development Group Limited has announced a board meeting scheduled for November 28, 2025, to discuss and approve the unaudited interim results for the six months ending September 30, 2025. The meeting will also consider the recommendation for an interim dividend, which could impact the company’s financial strategy and shareholder returns.

The most recent analyst rating on (HK:1867) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Standard Development Group Limited stock, see the HK:1867 Stock Forecast page.