Rykadan Capital Ltd. (2288) AI Stock Analysis

• Market Cap: HK$60.07M
• Dividend Yield: N/A
• Average Volume (3M): 41.90K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.39
• Revenue Growth: -70.09%
• EPS Growth: -16.86%
• Country: HK
• Employees: 22
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): N/A
• Shares Outstanding: 375,447,000
• 10 Day Avg. Volume: 9,665
• 30 Day Avg. Volume: 41,902
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.10
• Price to Sales (P/S): 0.78
• P/FCF Ratio: 4.00
• 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: 44 Neutral
• Price Target: HK$0.16 ▲(35.83% Upside)

The overall stock score is primarily impacted by the company's poor financial performance, characterized by declining revenues and negative profitability. Despite some positive technical indicators, the negative valuation metrics further weigh down the score.

Positive Factors

Moderate Debt Levels

A moderate debt-to-equity ratio indicates a balanced approach to leveraging, providing some financial stability and flexibility in capital management.

Strategic Partnerships

Partnerships can enhance market access and investment opportunities, supporting sustainable growth and diversification of revenue streams.

Diversified Business Model

Diversification across sectors like logistics and hospitality can mitigate risks associated with real estate market fluctuations and drive long-term growth.

Negative Factors

Declining Revenue

A sharp decline in revenue indicates challenges in market demand or competitive positioning, which could impact long-term financial health and growth prospects.

Negative Profitability

Sustained negative profitability suggests operational inefficiencies and challenges in cost management, potentially hindering future investment and expansion capabilities.

Weak Cash Flow Performance

Weak cash flow performance limits the company's ability to reinvest in growth opportunities and manage financial obligations, posing risks to long-term sustainability.

Rykadan Capital Ltd. Business Overview & Revenue Model

Company Description

Rykadan Capital Ltd. (2288) is a Hong Kong-based investment holding company primarily engaged in property development, investment, and management. The company operates across various sectors, including real estate, infrastructure, and asset management, focusing on both commercial and residential properties. Rykadan Capital aims to create value through strategic investments and the development of quality projects that meet market demands.

How the Company Makes Money

Rykadan Capital generates revenue primarily through its real estate development and investment activities. The company profits from the sale of developed properties and rental income from its investment properties. Key revenue streams include project sales, leasing of commercial spaces, and asset management fees. Additionally, Rykadan may engage in joint ventures or partnerships with other companies to co-develop projects, which can enhance its financial performance and market reach. The company’s strategic investments in prime locations and its ability to capitalize on market trends contribute significantly to its earnings.

Rykadan Capital Ltd. Financial Statement Overview

Summary

Rykadan Capital Ltd. faces significant financial challenges, with declining revenues, negative profitability, and weak cash flow performance. The negative return on equity and substantial revenue decline highlight operational difficulties.

Income Statement

Rykadan Capital Ltd. has experienced significant revenue decline with a negative revenue growth rate of -56.91% in the latest year. The company also shows negative profitability margins, including a net profit margin of -3.78% and an EBIT margin of -2.87%. These figures indicate substantial challenges in generating profits from its operations.

Balance Sheet

The company maintains a moderate debt-to-equity ratio of 0.29, suggesting a relatively balanced approach to leveraging. However, the return on equity is negative at -48.55%, indicating that the company is not generating returns on shareholders' equity, which is a concern for investors.

Cash Flow

Rykadan Capital Ltd. shows a significant decline in free cash flow growth at -82.38%. The operating cash flow to net income ratio is low at 0.10, indicating challenges in converting income into cash. The free cash flow to net income ratio is relatively high at 0.92, but overall cash flow performance is weak.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	74.45M	74.45M	104.39M	87.69M	86.94M	168.16M
Gross Profit	8.26M	8.26M	-27.30M	2.55M	11.13M	18.92M
EBITDA	-7.79M	-211.66M	-108.34M	-31.67M	-10.72M	23.07M
Net Income	-281.36M	-281.36M	-173.89M	-189.33M	-34.87M	4.50M
Balance Sheet
Total Assets	813.40M	813.40M	1.15B	1.36B	1.59B	1.55B
Cash, Cash Equivalents and Short-Term Investments	63.60M	63.60M	100.90M	167.49M	110.14M	369.79M
Total Debt	170.28M	170.28M	279.64M	312.80M	331.59M	240.99M
Total Liabilities	256.61M	256.61M	296.13M	328.20M	359.28M	269.87M
Stockholders Equity	579.49M	579.49M	861.37M	1.04B	1.23B	1.28B
Cash Flow
Free Cash Flow	19.38M	14.54M	-158.00K	-93.72M	-14.55M	121.50M
Operating Cash Flow	20.59M	15.75M	678.00K	-93.68M	-14.47M	121.60M
Investing Cash Flow	290.00K	5.44M	-27.99M	112.76M	-325.28M	264.86M
Financing Cash Flow	-58.20M	-58.20M	-38.05M	42.01M	79.25M	-265.34M

Rykadan Capital Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.12
• 50DMA: Positive
• 100DMA: Positive
• 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:2288, the sentiment is Positive. The current price of 0.12 is below the 20-day moving average (MA) of 0.15, below the 50-day MA of 0.15, and below the 200-day MA of 0.15, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.91 is Neutral, neither overbought nor oversold. The STOCH value of 52.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2288.

Rykadan Capital Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
1124	45 Neutral	HK$92.87M	-0.29	-32.62%	―	3574.59%	48.95%
0747	45 Neutral	HK$120.49M	-1.25	-24.60%	―	-72.39%	26.33%
2288	44 Neutral	HK$60.07M	-0.26	-31.70%	―	-70.09%	-16.86%
0456	38 Underperform	HK$93.29M	-0.48	-37.65%	―	-54.13%	24.72%

Rykadan Capital Ltd. Corporate Events

Rykadan Capital Reports Reduced Losses in Interim Results

Rykadan Capital Limited reported its unaudited interim results for the six-month period ending September 30, 2025, revealing a loss of HK$25.1 million from both continuing and discontinued operations, a notable improvement from the HK$91.1 million loss in the same period the previous year. Despite a decrease in revenue from continuing operations, the company saw a profit from discontinued operations, but the board decided not to recommend an interim dividend, reflecting cautious financial management amid challenging market conditions.

The most recent analyst rating on (HK:2288) stock is a Hold with a HK$0.14 price target. To see the full list of analyst forecasts on Rykadan Capital Ltd. stock, see the HK:2288 Stock Forecast page.

Rykadan Capital Ltd. Schedules Board Meeting for Interim Results

Rykadan Capital Ltd. has announced a board meeting scheduled for November 26, 2025, to discuss and approve the unaudited consolidated financial statements for the six months ending September 30, 2025. The meeting will also consider the payment of an interim dividend and the publication of the interim results, potentially impacting the company’s financial transparency and shareholder returns.