C&D International Investment Group Ltd. (1908) AI Stock Analysis

• Market Cap: HK$35.26B
• Dividend Yield: 7.62%
• Average Volume (3M): 6.20M
• Price to Earnings (P/E): 5.4
• Beta (1Y): 1.13
• Revenue Growth: 1.26%
• EPS Growth: -0.20%
• Country: HK
• Employees: 22,069
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): 0.49
• Shares Outstanding: 2,240,154,000
• 10 Day Avg. Volume: 9,990,843
• 30 Day Avg. Volume: 6,204,605
• PEG Ratio: -0.63
• Price to Book (P/B): 0.71
• Price to Sales (P/S): 0.19
• P/FCF Ratio: 7.60
• 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: HK$22.61
• Price Target Upside: 29.94% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 17.39
• Revenue Forecast (FY): HK$1.01T

• Rating: 72 Outperform
• Price Target: HK$19.00 ▲(9.20% Upside)

The overall stock score of 72 reflects strong financial performance with robust revenue growth and efficient operations. However, the high leverage and low net profit margin are concerns. The technical analysis indicates a bearish trend, but the stock's low P/E ratio and high dividend yield suggest it may be undervalued, providing potential upside for investors.

Positive Factors

Revenue Growth

The company's strong revenue growth indicates effective market penetration and demand for its properties, supporting long-term business expansion.

Cash Generation

Improved free cash flow growth enhances financial flexibility, allowing the company to invest in new projects and manage debt effectively.

Operational Efficiency

Stable gross profit and healthy EBIT/EBITDA margins reflect strong operational efficiency, crucial for sustaining profitability and competitiveness.

Negative Factors

High Debt Levels

High leverage can limit financial flexibility and increase vulnerability to economic downturns, posing a risk to long-term stability.

Low Net Profit Margin

A low net profit margin indicates potential inefficiencies or high costs, which could limit profitability and shareholder returns over time.

Cash Conversion Challenges

Challenges in converting income to cash can strain liquidity, affecting the company's ability to fund operations and growth initiatives.

C&D International Investment Group Ltd. Business Overview & Revenue Model

Company Description

C&D International Investment Group Ltd. (1908) is a diversified investment company based in Hong Kong, focusing on various sectors including real estate, construction, and infrastructure development. The company is engaged in the acquisition, development, and management of properties, as well as providing construction services. C&D International aims to capitalize on market opportunities in the Asia-Pacific region, leveraging its extensive experience and network to deliver value-added solutions in the real estate market.

How the Company Makes Money

C&D International generates revenue primarily through its real estate development projects, which involve the sale of residential and commercial properties. Additionally, the company earns income from its construction services, where it undertakes projects for third parties as well as its own developments. Significant revenue streams include property sales, leasing income from rental properties, and construction contracts. The company also benefits from strategic partnerships with local governments and private developers, which facilitate access to prime development sites and enhance its project pipeline. Overall, C&D International's business model is centered on capitalizing on property market trends and leveraging its expertise in construction and real estate management.

C&D International Investment Group Ltd. Financial Statement Overview

Summary

C&D International Investment Group Ltd. shows strong revenue growth and efficient operations. However, the high debt-to-equity ratio poses a financial risk, and the net profit margin is relatively low compared to industry standards.

Income Statement

C&D International Investment Group Ltd. has demonstrated strong revenue growth, particularly in the TTM period with a 49.1% increase. Gross profit margins have remained stable, and the net profit margin is consistent at around 3.4%. The EBIT and EBITDA margins are healthy, indicating efficient operations. However, the net profit margin is relatively low compared to industry standards, suggesting room for improvement in profitability.

Balance Sheet

The company has a high debt-to-equity ratio, which has slightly improved from previous years but remains a potential risk. Return on equity is strong, reflecting effective use of equity to generate profits. The equity ratio indicates a moderate level of equity financing, but the high leverage could pose financial risks if not managed carefully.

Cash Flow

The cash flow statement shows a significant improvement in free cash flow growth, particularly in the TTM period. The operating cash flow to net income ratio is low, indicating potential challenges in converting income into cash. However, the free cash flow to net income ratio is strong, suggesting good cash generation relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	144.40B	142.99B	134.43B	99.64B	54.56B	42.74B
Gross Profit	19.47B	18.97B	14.92B	15.22B	9.08B	7.34B
EBITDA	10.68B	10.25B	9.12B	9.41B	6.54B	5.69B
Net Income	4.90B	4.80B	5.03B	4.93B	3.55B	2.32B
Balance Sheet
Total Assets	443.93B	412.48B	427.28B	393.46B	343.52B	183.42B
Cash, Cash Equivalents and Short-Term Investments	58.83B	62.46B	51.12B	47.37B	44.87B	27.39B
Total Debt	92.75B	84.64B	83.23B	92.25B	85.18B	53.71B
Total Liabilities	336.93B	309.98B	336.34B	314.04B	280.27B	146.07B
Stockholders Equity	38.51B	37.56B	33.46B	31.64B	26.61B	17.82B
Cash Flow
Free Cash Flow	18.97B	3.52B	24.22B	3.41B	6.41B	4.21B
Operating Cash Flow	19.18B	3.74B	24.41B	3.52B	6.50B	4.27B
Investing Cash Flow	-18.71B	-5.45B	-8.41B	-16.37B	-20.48B	-3.35B
Financing Cash Flow	6.57B	4.83B	-12.24B	13.39B	31.64B	16.07B

C&D International Investment Group Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 17.40
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1908, the sentiment is Negative. The current price of 17.4 is above the 20-day moving average (MA) of 16.40, above the 50-day MA of 16.57, and above the 200-day MA of 16.23, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 40.19 is Neutral, neither overbought nor oversold. The STOCH value of 17.79 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1908.

C&D International Investment Group Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1908	72 Outperform	HK$35.26B	5.41	20.21%	7.62%	1.26%	-0.20%
0247	68 Neutral	HK$44.86B	18.56	2.41%	2.89%	-0.53%	-9.84%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
3900	53 Neutral	HK$21.13B	-80.12	-0.67%	3.94%	-1.08%	-109.20%
0683	52 Neutral	$30.22B	47.82	0.61%	6.48%	76.12%	-72.44%
1030	46 Neutral	HK$14.57B	61.68	0.46%	―	-30.32%	―
0817	46 Neutral	HK$16.49B	31.94	1.20%	2.46%	-8.18%	―

C&D International Investment Group Ltd. Corporate Events

C&D International Enhances Board Diversity and Governance

C&D International Investment Group Limited has outlined the terms of reference for its Nomination Committee, which is responsible for the appointment and composition of its members. The committee is composed of at least three board members, with a majority being independent non-executive directors and including at least one director of a different gender. This move reflects the company’s commitment to diversity and governance, potentially impacting its corporate structure and stakeholder relations by ensuring a balanced and independent oversight within its board.

C&D International Announces Changes in Nomination Committee

C&D International Investment Group Ltd. announced changes in its Nomination Committee, appointing Ms. Zhao Chengmin as a member and Mr. Dai Yiyi as the chairman, effective November 28, 2025. This restructuring aligns with the updated Corporate Governance Code and listing rules, promoting gender diversity within the committee.

C&D International Announces Board Composition and Committee Roles

C&D International Investment Group Ltd. has announced the composition of its board of directors, detailing the roles and functions of its executive, non-executive, and independent non-executive directors. The announcement also outlines the members of its three key committees: the Audit Committee, Remuneration Committee, and Nomination Committee, indicating a structured governance approach that may impact its strategic decision-making and stakeholder engagement.

C&D International Renews Key Business Framework Agreement

C&D International Investment Group Ltd. and its subsidiaries have renewed their Business Framework Agreement with C&D Real Estate for a three-year term starting January 2026. This renewal involves continuing connected transactions that are subject to specific reporting and approval requirements under Hong Kong’s Listing Rules. The agreement’s renewal is strategically significant as it maintains the company’s operational continuity and strengthens its market positioning through ongoing collaboration with its controlling shareholder, C&D Real Estate.

C&D International Reports 7.5% Rise in Contracted Sales for Nine Months Ending September 2025

C&D International Investment Group Limited announced its unaudited operating figures for the nine months ending September 30, 2025. The company reported a cumulative contracted sales amount of approximately RMB71.03 billion, marking a 7.5% year-on-year increase, while the gross floor area sold decreased by 15.8% to approximately 2.75 million square meters. These preliminary figures are subject to change, and stakeholders are advised to exercise caution in their financial dealings with the company.