Greentown China Holdings Ltd. (HK:3900)
:3900
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Greentown China Holdings
(3900)
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Rating:62Neutral
Price Target:
HK$11.50
▲(29.21% Upside)
Action:UpgradedDate:01/29/26
The score is driven primarily by solid top-line growth and improving operating efficiency, offset by high leverage and uncertainty from missing recent cash flow data. Technically, the uptrend is intact but appears overextended (RSI/Stoch elevated), while valuation is mixed with a reasonable yield but an uninformative negative P/E.
Positive Factors
Revenue Growth
A 20.68% revenue increase demonstrates the company can scale project deliveries and convert sales despite sector pressures. Durable top-line growth supports backlog monetization, strengthens negotiating position with contractors and buyers, and underpins medium-term cash flow potential.
Negative Factors
High Leverage
Very high leverage materially limits financial flexibility and raises refinancing risk in cyclical downturns. For a developer, this heightens vulnerability to interest rate moves and pre-sale slowdowns, constraining land acquisition capacity and increasing default risk on stretched cash flows.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A 20.68% revenue increase demonstrates the company can scale project deliveries and convert sales despite sector pressures. Durable top-line growth supports backlog monetization, strengthens negotiating position with contractors and buyers, and underpins medium-term cash flow potential.
Read all positive factors
Greentown China Holdings (3900) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$22.02B
Dividend Yield3.94%
Average Volume (3M)10.44M
Price to Earnings (P/E)26.9
Beta (1Y)1.60
Revenue Growth-1.08%
EPS Growth-109.20%
CountryHK
Employees8,765
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.06
Shares Outstanding2,539,598,600
10 Day Avg. Volume10,242,332
30 Day Avg. Volume10,444,293
Financial Highlights & Ratios
PEG Ratio-0.29
Price to Book (P/B)0.61
Price to Sales (P/S)0.14
P/FCF Ratio0.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$13.42Price Target Upside50.73% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.21
Revenue Forecast (FY)HK$130.72B
Greentown China Holdings Business Overview & Revenue Model
Company Description
Greentown China Holdings Limited, an investment holding company, engages in the property development and related business in China. It operates through Property Development, Hotel Operations, Property Investment, and Project Management segments. T...
How the Company Makes Money
Greentown China Holdings generates revenue primarily through the sale of residential and commercial properties. The company typically acquires land for development, constructs buildings, and then sells the completed properties to end-users or inve...
Greentown China Holdings Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
65
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 142.35B | 158.55B | 131.38B | 127.15B | 100.24B | 65.78B |
| Gross Profit | 18.28B | 20.23B | 17.07B | 22.02B | 18.17B | 15.57B |
| EBITDA | 10.14B | 11.98B | 13.42B | 14.18B | 15.29B | 8.85B |
| Net Income | -238.57M | 1.60B | 3.12B | 2.76B | 4.47B | 3.80B |
Balance Sheet | ||||||
| Total Assets | 518.11B | 507.78B | 535.54B | 535.08B | 521.04B | 414.28B |
| Cash, Cash Equivalents and Short-Term Investments | 62.46B | 68.86B | 69.80B | 66.44B | 68.45B | 59.55B |
| Total Debt | 143.53B | 137.70B | 146.72B | 137.88B | 124.30B | 119.34B |
| Total Liabilities | 398.79B | 394.30B | 421.60B | 423.66B | 413.40B | 329.69B |
| Stockholders Equity | 35.57B | 36.33B | 36.13B | 37.55B | 45.44B | 52.84B |
Cash Flow | ||||||
| Free Cash Flow | 12.25B | 28.47B | 22.61B | 14.20B | 5.36B | -3.62B |
| Operating Cash Flow | 12.45B | 28.83B | 22.97B | 14.59B | 5.86B | -3.10B |
| Investing Cash Flow | -1.50B | -14.42B | -19.11B | -20.87B | -30.72B | -11.89B |
| Financing Cash Flow | -13.10B | -15.17B | -423.13M | 4.18B | 33.82B | 28.07B |
Greentown China Holdings Technical Analysis
Negative
8.90
Price Trends
10.26
Negative
9.52
Negative
9.59
Negative
Market Momentum
-0.46
Positive
32.77
Neutral
19.98
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3900, the sentiment is Negative. The current price of 8.9 is below the 20-day moving average (MA) of 9.63, below the 50-day MA of 10.26, and below the 200-day MA of 9.59, indicating a bearish trend. The MACD of -0.46 indicates Positive momentum. The RSI at 32.77 is Neutral, neither overbought nor oversold. The STOCH value of 19.98 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3900.
Greentown China Holdings 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% | |
62 Neutral | HK$22.02B | 26.94 | -0.66% | 3.94% | -1.08% | -109.20% | |
62 Neutral | HK$54.03B | 52.44 | 0.65% | 3.96% | -16.02% | -30.04% | |
61 Neutral | HK$10.01B | -1.82 | -2.88% | ― | -11.68% | -3002.05% | |
52 Neutral | HK$33.47B | 31.28 | 0.90% | 6.48% | 76.12% | -72.44% | |
44 Neutral | HK$50.63B | -0.40 | -52.03% | ― | -28.36% | -206.13% | |
41 Neutral | HK$15.20B | 33.84 | 0.46% | ― | -30.32% | ― |
* Real Estate Sector Average
HK:3900
Greentown China Holdings
8.67
-1.01
-10.47%
HK:2202
China Vanke Co
2.98
-2.51
-45.72%
HK:0683
Kerry Properties
23.06
7.20
45.42%
HK:0960
Longfor Group Holdings
7.87
-1.76
-18.31%
HK:0754
Hopson Development Holdings Limited
2.64
-0.25
-8.65%
HK:1030
Seazen Group Ltd.
2.10
0.12
6.06%
Greentown China Holdings Corporate Events
Greentown China Posts RMB252 Billion in Unaudited 2025 Contracted Sales
Jan 7, 2026
Greentown China reported unaudited operating data for the twelve months to 31 December 2025, highlighting that its self-investment projects achieved contracted sales of approximately RMB153.4 billion on a sales area of 4.66 million square metres, ...
Greentown China Signs New Project Management Framework Deal With Major Shareholder CCCG
Dec 19, 2025
Greentown China Holdings has signed a new project management framework agreement with substantial shareholder China Communications Construction Group (CCCG) to consolidate and standardise ongoing project management services for CCCG, its subsidiar...
Greentown China Reports Strong Sales Performance for 2025
Dec 4, 2025
Greentown China Holdings Limited announced its unaudited operating data for the eleven months ending November 2025, reporting a total sales area of approximately 10,820,000 square meters and contracted sales of around RMB223.5 billion. The company...
Greentown China Reports Strong Sales Performance for 2025
Nov 6, 2025
Greentown China Holdings Limited reported unaudited operating data for the ten months ending October 2025, highlighting significant sales achievements. The company sold 2,587 units in October alone, with a total sales area of 360,000 sqm and month...
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.