Rykadan Capital Ltd. (HK:2288)
:2288
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Rykadan Capital Ltd.
(2288)
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Rating:44Neutral
Price Target:
HK$0.17
▲(37.50% Upside)
Action:ReiteratedDate:10/29/25
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 leverage
A debt-to-equity ratio of 0.29 indicates modest leverage, giving the company balance-sheet flexibility to fund development, support working capital, and absorb near-term shocks without heavy refinancing. This conservatism preserves optionality over the next 2–6 months.
Negative Factors
Steep revenue decline
A decline of ~57% in reported revenue materially reduces operational scale, undermines project economics and bargaining power with contractors and partners. Shrinking top line makes it harder to cover fixed costs and reinvest in the pipeline, pressuring medium-term recovery prospects.
Read all positive and negative factors
Positive Factors
Negative Factors
Moderate leverage
A debt-to-equity ratio of 0.29 indicates modest leverage, giving the company balance-sheet flexibility to fund development, support working capital, and absorb near-term shocks without heavy refinancing. This conservatism preserves optionality over the next 2–6 months.
Read all positive factors
Rykadan Capital Ltd. (2288) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$56.69M
Dividend YieldN/A
Average Volume (3M)41.90K
Price to Earnings (P/E)―
Beta (1Y)0.28
Revenue Growth-70.09%
EPS Growth-16.86%
CountryHK
Employees22
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)N/A
Shares Outstanding375,447,000
10 Day Avg. Volume9,665
30 Day Avg. Volume41,902
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.10
Price to Sales (P/S)0.78
P/FCF Ratio4.00
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
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 manage...
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 proj...
Rykadan Capital Ltd. Financial Statement Overview
Summary
Income Statement
20
Very Negative
Balance Sheet
35
Negative
Cash Flow
25
Negative
| Breakdown | TTM | Mar 2025 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 51.68M | 74.45M | 104.39M | 87.69M | 86.94M | 168.16M |
| Gross Profit | -28.39M | 8.26M | -27.30M | 2.55M | 11.13M | 18.92M |
| EBITDA | -46.33M | -211.66M | -108.34M | -31.67M | -10.72M | 23.07M |
| Net Income | -238.41M | -281.36M | -173.89M | -189.33M | -34.87M | 4.50M |
Balance Sheet | ||||||
| Total Assets | 709.47M | 813.40M | 1.15B | 1.36B | 1.59B | 1.55B |
| Cash, Cash Equivalents and Short-Term Investments | 96.74M | 63.60M | 100.90M | 167.49M | 110.14M | 369.79M |
| Total Debt | 154.38M | 170.28M | 279.64M | 312.80M | 331.59M | 240.99M |
| Total Liabilities | 173.26M | 256.61M | 296.13M | 328.20M | 359.28M | 269.87M |
| Stockholders Equity | 537.51M | 579.49M | 861.37M | 1.04B | 1.23B | 1.28B |
Cash Flow | ||||||
| Free Cash Flow | -115.42M | 14.54M | -158.00K | -93.72M | -14.55M | 121.50M |
| Operating Cash Flow | -114.20M | 15.75M | 678.00K | -93.68M | -14.47M | 121.60M |
| Investing Cash Flow | 202.62M | 5.44M | -27.99M | 112.76M | -325.28M | 264.86M |
| Financing Cash Flow | -87.08M | -58.20M | -38.05M | 42.01M | 79.25M | -265.34M |
Rykadan Capital Ltd. Technical Analysis
Positive
0.12
Price Trends
0.15
Negative
0.15
Negative
0.15
Positive
Market Momentum
>-0.01
Positive
49.44
Neutral
27.10
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 neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 49.44 is Neutral, neither overbought nor oversold. The STOCH value of 27.10 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
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% | |
50 Neutral | HK$91.21M | 1.83 | -39.03% | ― | 3574.59% | 48.95% | |
46 Neutral | HK$142.53M | -4.31 | -27.84% | ― | -72.39% | 26.33% | |
44 Neutral | HK$56.69M | -0.29 | -31.70% | ― | -70.09% | -16.86% | |
43 Neutral | HK$75.56M | -2.64 | -39.65% | ― | -54.13% | 24.72% |
* Real Estate Sector Average
HK:2288
Rykadan Capital Ltd.
0.15
>-0.01
-2.58%
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Coastal Greenland Limited
0.22
0.08
53.85%
HK:1107
Modern Land (China) Co., Ltd.
0.01
>-0.01
-33.33%
HK:2088
Xiwang Property Holdings Co., Ltd.
0.04
0.00
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New City Development Group Limited
0.41
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-19.00%
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Shenyang Public Utility Holdings Co. Ltd. Class H
0.10
0.04
79.63%
Rykadan Capital Ltd. Corporate Events
Rykadan Capital to Exit Associate Property Company in Connected Disposal
Jan 23, 2026
Rykadan Capital Limited has agreed to dispose of its entire 20% equity interest and associated shareholder’s loan in an associate property company (PropCo) to a purchaser ultimately owned 50/50 by its chairman and CEO, Mr. Chan, and his spou...
Rykadan Capital Reports Reduced Losses in Interim Results
Nov 26, 2025
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...
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.