Times Neighborhood Holdings Ltd. (HK:9928)
:9928
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Times Neighborhood Holdings Ltd.
(9928)
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Rating:62Neutral
Price Target:
HK$0.49
▼(-9.63% Downside)
Action:Reiterated
Date:05/03/26
The score is primarily supported by a conservatively financed balance sheet and consistently positive free cash flow, but held back by a severely weakened 2025 top line and fragile earnings power. Technical indicators add only modest support, while valuation is mixed due to a high dividend yield offset by a negative P/E.
Positive Factors
Low leverage
Very low debt levels provide durable financial flexibility: minimal interest burden and higher shock absorption capacity. Over a multi-month horizon this conservatism lowers default and refinancing risk, enabling the company to fund operations or opportunistic investments without stressing cash flow.
Negative Factors
Severe 2025 revenue hit
A near-total revenue collapse in 2025 represents a major structural impairment to the business base. Recovery will require sustained demand restoration or new revenue sources; absent that, fixed costs and underutilized assets may depress margins and earnings power for many months.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Very low debt levels provide durable financial flexibility: minimal interest burden and higher shock absorption capacity. Over a multi-month horizon this conservatism lowers default and refinancing risk, enabling the company to fund operations or opportunistic investments without stressing cash flow.
Read all positive factors
Times Neighborhood Holdings Ltd. (9928) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$451.87M
Dividend Yield7.09%
Average Volume (3M)1.53M
Price to Earnings (P/E)22.9
Beta (1Y)0.48
Revenue Growth4.53%
EPS Growth247.06%
CountryHK
Employees4,673
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.02
Shares Outstanding985,672,700
10 Day Avg. Volume2,159,636
30 Day Avg. Volume1,531,598
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)0.35
Price to Sales (P/S)0.19
P/FCF Ratio4.64
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)0.14
Revenue Forecast (FY)HK$2.74B
Times Neighborhood Holdings Ltd. Business Overview & Revenue Model
Company Description
Established in 1998 and based in Guangzhou, People's Republic of China, Times Neighborhood Holdings Limited specializes in delivering a broad spectrum of property management and related solutions. The company serves a diverse clientele throughout ...
How the Company Makes Money
null...
Times Neighborhood Holdings Ltd. Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
78
Positive
Cash Flow
66
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.50B | 2.39B | 2.47B | 2.61B | 2.72B |
| Gross Profit | 496.04M | 487.78M | 515.71M | 555.89M | 742.06M |
| EBITDA | 89.11M | 101.73M | -93.97M | -171.48M | 482.38M |
| Net Income | 17.09M | 4.70M | -201.76M | -213.63M | 308.00M |
Balance Sheet | |||||
| Total Assets | 2.66B | 2.59B | 2.60B | 2.93B | 3.27B |
| Cash, Cash Equivalents and Short-Term Investments | 1.18B | 1.07B | 941.37M | 810.36M | 814.33M |
| Total Debt | 38.90M | 10.12M | 8.64M | 14.21M | 22.33M |
| Total Liabilities | 1.24B | 1.15B | 1.14B | 1.24B | 1.34B |
| Stockholders Equity | 1.34B | 1.33B | 1.35B | 1.57B | 1.82B |
Cash Flow | |||||
| Free Cash Flow | 102.73M | 173.09M | 123.36M | 61.92M | 33.43M |
| Operating Cash Flow | 117.81M | 193.43M | 138.26M | 73.18M | 54.68M |
| Investing Cash Flow | -29.09M | -7.41M | 4.32M | -19.41M | -176.40M |
| Financing Cash Flow | -53.49M | -33.02M | -33.75M | -58.67M | -101.92M |
Times Neighborhood Holdings Ltd. Technical Analysis
Negative
0.54
Price Trends
0.51
Negative
0.49
Negative
0.50
Negative
Market Momentum
-0.01
Positive
34.21
Neutral
36.26
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9928, the sentiment is Negative. The current price of 0.54 is above the 20-day moving average (MA) of 0.50, above the 50-day MA of 0.51, and above the 200-day MA of 0.50, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 34.21 is Neutral, neither overbought nor oversold. The STOCH value of 36.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9928.
Times Neighborhood Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | HK$3.68B | 8.71 | 18.82% | 5.77% | 17.65% | 9.64% | |
69 Neutral | HK$2.39B | 7.59 | 8.86% | 6.95% | 0.89% | -22.21% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | HK$451.87M | 22.93 | 1.25% | 7.09% | 4.53% | 247.06% | |
57 Neutral | HK$16.36B | 24.19 | 1.66% | 4.94% | 9.98% | -68.38% | |
56 Neutral | HK$2.37B | 20.69 | -12.90% | 4.41% | -7.01% | ― | |
49 Neutral | HK$201.66M | 1.23 | 3147.50% | ― | -4.36% | 1481.82% |
* Real Estate Sector Average
HK:9928
Times Neighborhood Holdings Ltd.
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-2.34%
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Times Neighborhood Holdings Ltd. Corporate Events
Times Neighborhood Wins Shareholder Backing for Dividend and Capital Mandates at AGM
May 28, 2026
Times Neighborhood Holdings Limited reported that all resolutions at its 28 May 2026 annual general meeting were approved by shareholders via poll, with no shares subject to voting restrictions or abstention requirements under the Hong Kong listin...
Times Neighborhood Sets Final 2025 Dividend and HKD Payout Terms
May 28, 2026
Times Neighborhood Holdings Limited has declared a final ordinary dividend of RMB 0.048 per share for the financial year ended 31 December 2025, with shareholders approving the payout on 28 May 2026. The dividend will be paid in Hong Kong dollars ...
Times Neighborhood Revamps Company Secretary and Governance Roles
May 28, 2026
Times Neighborhood Holdings Limited has announced a change in key governance roles, with company secretary and authorised representative Ms. Ng Sau Mei resigning effective 28 May 2026. The board noted that Ms. Ng has no disagreement with directors...
Times Neighborhood Boosts Wealth Management Investments With RMB60 Million Subscriptions
May 22, 2026
Times Neighborhood Holdings Limited has expanded its deployment of surplus cash into wealth management products through its wholly owned subsidiary Shidai Xinhui. On 22 May 2026, the subsidiary made an additional RMB30 million subscription to an e...
Times Neighborhood settles RMB6.3 million intercompany receivables via connected property transfer
Apr 29, 2026
Times Neighborhood Holdings has entered into connected debt-settlement arrangements under which Times Dingfeng, a wholly owned unit of Times China, will transfer certain target properties to Times Property Management (Guangzhou) for total consider...
Times Neighborhood Sets 2026 AGM to Approve Dividend, Board Mandates and Share-Issue Authority
Apr 28, 2026
Times Neighborhood Holdings Limited has called its annual general meeting for 28 May 2026 in Central, Hong Kong, where shareholders will review and adopt the audited consolidated financial statements for the year ended 31 December 2025 and conside...
Times Neighborhood Lifts 2025 Profit and Core Earnings, Proposes Higher Dividend
Mar 30, 2026
Times Neighborhood Holdings Limited reported steady growth for 2025, with revenue rising 4.5% year on year to RMB2,495.9 million and gross profit edging up 1.7% to RMB496.0 million. Net profit jumped 80.6% to RMB20.8 million, while earnings attrib...
Times Neighborhood Declares Final Dividend for 2025 Financial Year
Mar 30, 2026
Times Neighborhood Holdings Limited, a Hong Kong–listed property management and neighborhood services provider in mainland China, focuses on residential community management and value-added services across its project portfolio. The company&...
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.