Top Spring International Holdings Limited (HK:3688)
:3688
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3688 Stock Chart & Stats
HK$0.36
<HK$0.01(1.01%)
At close: 4:00 PM EST
HK$0.36
<HK$0.01(1.01%)
Day’s Range― - ―
52-Week RangeHK$0.04 - HK$0.98
Previous CloseN/A
Volume2.50K
Average Volume (3M)17.45K
Market Cap
HK$402.63M
Enterprise ValueHK$4.98B
Total Cash (Recent Filing)HK$649.11M
Total Debt (Recent Filing)HK$5.23B
Price to Earnings (P/E)―
Beta0.64
Next Earnings
Aug 28, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.19
Shares Outstanding1,412,732,400
10 Day Avg. Volume15,800
30 Day Avg. Volume17,450
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.17
Price to Sales (P/S)0.40
P/FCF Ratio-7.15
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
Bulls Say, Bears Say
Bulls Say
Business Model DiversificationTop Spring generates revenue from both property sales and property-related services/investment activities. This multi-channel model offers structural diversification: recurring management fees or rental returns can temper volatility from project timing and provide complementary cash flow over the medium term.
Historical Cash Generation RecordThe firm produced positive operating and free cash flow for multiple years through 2024, indicating operational capability to convert project activity into cash. That track record suggests the company can restore cash generation when project deliveries and pricing normalize, supporting medium-term recovery options.
Balance-sheet Buffer (equity Positive)Equity remains on the balance sheet, so the company retains a capital cushion despite declines. Positive equity preserves restructuring and financing flexibility versus an impaired balance sheet, providing a durable buffer to absorb losses or support negotiated refinancing over the next several months.
Bears Say
Deep Profitability DeteriorationA shift to deeply negative gross and net margins by 2023–2025 indicates structural profitability failure. Persistent heavy losses will erode retained capital, hinder reinvestment into projects, and make it difficult to rebuild margins without material changes to pricing, costs or project mix over the medium term.
Rising LeverageLeverage rising to ~1.58 increases refinancing and interest-rate risk and narrows strategic flexibility. For a developer, elevated debt loads constrain land acquisition and development funding, raise covenant/default risk, and make the firm more sensitive to funding market shocks over the coming months.
Return To Negative Cash FlowA return to negative operating and free cash flow (~-80M in 2025) materially reduces liquidity and increases dependence on external financing. Coupled with higher leverage, renewed cash burn can force asset disposals, dilutive capital raises or project delays, weakening execution capacity in the medium term.
Top Spring International Holdings Limited News
3688 FAQ
What was Top Spring International Holdings Limited’s price range in the past 12 months?
Top Spring International Holdings Limited lowest stock price was HK$0.04 and its highest was HK$0.98 in the past 12 months.
What is Top Spring International Holdings Limited’s market cap?
Top Spring International Holdings Limited’s market cap is HK$402.63M.
When is Top Spring International Holdings Limited’s upcoming earnings report date?
Top Spring International Holdings Limited’s upcoming earnings report date is Aug 28, 2026 which is in 99 days.
How were Top Spring International Holdings Limited’s earnings last quarter?
Top Spring International Holdings Limited released its earnings results on Mar 30, 2026. The company reported -HK$1.614 earnings per share for the quarter, missing the consensus estimate of N/A by -HK$1.614.
Is Top Spring International Holdings Limited overvalued?
According to Wall Street analysts Top Spring International Holdings Limited’s price is currently Overvalued.
Does Top Spring International Holdings Limited pay dividends?
Top Spring International Holdings Limited pays a Annually dividend of HK$0.01 which represents an annual dividend yield of N/A. See more information on Top Spring International Holdings Limited dividends here
What is Top Spring International Holdings Limited’s EPS estimate?
Top Spring International Holdings Limited’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Top Spring International Holdings Limited have?
Top Spring International Holdings Limited has 1,412,732,400 shares outstanding.
What happened to Top Spring International Holdings Limited’s price movement after its last earnings report?
Top Spring International Holdings Limited reported an EPS of -HK$1.614 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went up 4.918%.
Which hedge fund is a major shareholder of Top Spring International Holdings Limited?
Currently, no hedge funds are holding shares in HK:3688
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Company Description
Top Spring International Holdings Limited
Top Spring International Holdings Limited, an investment holding company, operates as a real estate property developer in the People's Republic of China. It operates through four segments: Property Development, Property Investment, Property Management and Related Services, and Education Related Services. The company develops and operates urban mixed-use communities; and develops and sells residential properties in the Greater Bay Area, the Yangtze River Delta, the Central China, and the Beijing-Tianjin and the Chengdu-Chongqing regions. It also leases shopping arcades, club houses, serviced apartments, and car park units. In addition, the company provides property management and related services to purchasers and tenants; decoration services; and education related services and products to students, as well as offers investment management services. As of December 31, 2021, it had a total of 22 property projects approximately in 11 cities at various stages of development in Shenzhen and Dongguan, Shanghai, Nanjing, Chengdu, Hangzhou, Tianjin, Changzhou, Kunming, Hong Kong, and Sydney of Australia with a total net saleable/leasable gross floor area of approximately 335,519 square meters. The company was formerly known as Top Spring Holdings Limited and changed its name to Top Spring International Holdings Limited in September 2009. Top Spring International Holdings Limited was founded in 2001 and is headquartered in Wan Chai, Hong Kong.
Technical Analysis
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