Desun Real Estate Investment Services Group Co., Ltd. (HK:2270)
:2270
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Desun Real Estate Investment Services Group Co., Ltd.
(2270)
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Rating:52Neutral
Price Target:
HK$4.50
▲(13.35% Upside)
Action:Reiterated
Date:04/30/26
The score is held back primarily by pressured fundamentals (large 2025 revenue drop, sustained gross margin compression, and higher leverage), partly offset by resilient profitability and a strong recent free-cash-flow rebound. Technically, signals are mixed with neutral momentum, while valuation is relatively expensive (P/E ~30.35) with no dividend yield provided.
Positive Factors
Free cash flow recovery
The company moved from volatile cash conversion to sustained positive free cash flow in 2024–2025, producing FCF of HKD94.4m in 2025. Durable positive FCF supports reinvestment, deleveraging or buffer for cyclical real-estate demand, enhancing longer-term financial flexibility.
Negative Factors
Large 2025 revenue decline
A greater-than-50% year‑over‑year revenue drop is a structural red flag: it reduces operating leverage, pressures fixed-cost coverage and could indicate lasting demand/contract loss or portfolio shrinkage, materially elevating execution and refinancing risk over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow recovery
The company moved from volatile cash conversion to sustained positive free cash flow in 2024–2025, producing FCF of HKD94.4m in 2025. Durable positive FCF supports reinvestment, deleveraging or buffer for cyclical real-estate demand, enhancing longer-term financial flexibility.
Read all positive factors
Desun Real Estate Investment Services Group Co., Ltd. (2270) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.91B
Dividend YieldN/A
Average Volume (3M)23.46K
Price to Earnings (P/E)30.4
Beta (1Y)0.95
Revenue Growth7.77%
EPS Growth-7.65%
CountryHK
Employees1,179
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.06
Shares Outstanding620,259,200
10 Day Avg. Volume27,800
30 Day Avg. Volume23,456
Financial Highlights & Ratios
PEG Ratio-6.10
Price to Book (P/B)6.31
Price to Sales (P/S)4.16
P/FCF Ratio20.94
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
Desun Real Estate Investment Services Group Co., Ltd. Business Overview & Revenue Model
Company Description
Desun Real Estate Investment Services Group Co., Ltd. provides integrated property management and commercial operational services in China. It offers market research, tenant sourcing, shopping streets management, management of sales offices, quali...
How the Company Makes Money
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Desun Real Estate Investment Services Group Co., Ltd. Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
48
Neutral
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 475.73M | 453.51M | 339.94M | 267.27M | 253.30M |
| Gross Profit | 64.23M | 99.83M | 91.23M | 94.67M | 103.43M |
| EBITDA | 101.28M | 98.33M | 73.23M | 39.60M | 42.23M |
| Net Income | 32.48M | 37.01M | 39.20M | 33.60M | 33.44M |
Balance Sheet | |||||
| Total Assets | 932.84M | 834.83M | 845.28M | 450.12M | 372.89M |
| Cash, Cash Equivalents and Short-Term Investments | 178.66M | 173.29M | 212.65M | 250.05M | 254.32M |
| Total Debt | 342.57M | 296.39M | 289.88M | 0.00 | 122.00K |
| Total Liabilities | 607.07M | 560.73M | 532.68M | 151.48M | 123.64M |
| Stockholders Equity | 313.34M | 268.71M | 305.41M | 296.95M | 249.01M |
Cash Flow | |||||
| Free Cash Flow | 94.44M | 55.80M | -8.26M | -32.35M | 15.88M |
| Operating Cash Flow | 107.29M | 72.13M | 43.43M | -22.31M | 17.17M |
| Investing Cash Flow | -129.78M | -24.77M | -71.58M | -12.69M | -8.19M |
| Financing Cash Flow | 31.99M | -88.37M | -12.90M | 19.48M | 132.27M |
Desun Real Estate Investment Services Group Co., Ltd. Technical Analysis
Positive
3.97
Price Trends
4.10
Positive
4.04
Positive
3.54
Positive
Market Momentum
0.16
Negative
81.00
Negative
96.86
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2270, the sentiment is Positive. The current price of 3.97 is below the 20-day moving average (MA) of 4.19, below the 50-day MA of 4.10, and above the 200-day MA of 3.54, indicating a bullish trend. The MACD of 0.16 indicates Negative momentum. The RSI at 81.00 is Negative, neither overbought nor oversold. The STOCH value of 96.86 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2270.
Desun Real Estate Investment Services Group Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$840.38M | ― | 6.41% | 8.44% | 14.21% | -7.54% | |
71 Outperform | HK$1.92B | 3.90 | 33.20% | ― | 1.00% | 31.99% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
54 Neutral | HK$785.91M | -0.24 | -8.08% | 4.04% | 11.90% | -374.23% | |
52 Neutral | HK$2.91B | 30.35 | 10.94% | ― | 7.77% | -7.65% | |
50 Neutral | HK$892.50M | -3.16 | -3.07% | 6.22% | -3.09% | 62.33% | |
42 Neutral | HK$214.78M | -1.05 | 4.36% | ― | -5.08% | -682.55% |
* Real Estate Sector Average
HK:2270
Desun Real Estate Investment Services Group Co., Ltd.
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Desun Real Estate Investment Services Group Co., Ltd. Corporate Events
Desun Real Estate Converts Overdue Project Receivables Into Discounted Property Assets
May 14, 2026
Desun Real Estate Investment Services Group Co., Ltd., a Hong Kong-listed provider of real estate investment and property management services in mainland China, is engaged in managing projects such as the Desun Zhangtai Feili Tianxi development. T...
Desun Real Estate Unit Uses Receivables Offset in Connected Property Deal
Mar 31, 2026
Desun Real Estate Investment Services Group Co., Ltd. said its wholly owned unit Chengdu Desun has entered into an offset agreement with connected party Rong He Real Estate to acquire certain properties for RMB3.69 million. Most of the considerati...
Desun Real Estate Investment Services Posts Revenue and Profit Growth for 2025
Mar 27, 2026
Desun Real Estate Investment Services Group reported that its total revenue for the year ended 31 December 2025 rose 7.7% to RMB488.4 million, while profit after income tax increased 7.4% to RMB40.7 million, signaling steady top- and bottom-line g...
Desun Real Estate Moves to Modernize Governance with New Memorandum and Articles
Mar 27, 2026
Desun Real Estate Investment Services Group Co., Ltd. plans to revise its constitutional documents by replacing its existing second amended and restated memorandum and articles of association with a third amended and restated version. The move is ...
Desun Real Estate Unit Wins Landmark Chengdu Media Complex Project and Signs Major Lease
Mar 25, 2026
Desun Real Estate Investment Services Group’s wholly owned subsidiary Chengdu Desun has secured a 10‑year project to operate a landmark media complex in Chengdu, intended to become a hub for “digital media + fashion and arts.R...
Desun Real Estate Investment Services Schedules March 2026 Board Meeting to Approve 2025 Results
Mar 17, 2026
Desun Real Estate Investment Services Group has scheduled a board meeting for 27 March 2026 to review and approve the consolidated annual results for the financial year ended 31 December 2025. The board will also consider whether to recommend a fi...
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.