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$0.60
▲(11.85% Upside)
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
Conservative balance sheet
Very low leverage materially reduces solvency and refinancing risk, giving management flexibility to withstand cyclical weakness or pursue opportunistic investments. A conservatively financed balance sheet supports durable operations and creditor confidence over the next several months.
Negative Factors
Severe 2025 revenue contraction
A near-total top-line collapse materially reduces scale advantages and raises questions about recurring revenue. Structural revenue loss impairs bargaining power, operating leverage and long-term growth visibility, making recovery and forecasting more uncertain over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage materially reduces solvency and refinancing risk, giving management flexibility to withstand cyclical weakness or pursue opportunistic investments. A conservatively financed balance sheet supports durable operations and creditor confidence over the next several months.
Read all positive factors
Times Neighborhood Holdings Ltd. (9928) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$569.75M
Dividend Yield7.09%
Average Volume (3M)1.53M
Price to Earnings (P/E)27.9
Beta (1Y)0.53
Revenue Growth4.53%
EPS Growth247.06%
CountryHK
Employees4,673
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.01
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
Times Neighborhood Holdings Limited provides property management and other relevant services primarily to property developers, property owners and residents, and governmental authorities in the People's Republic of China. The company offers proper...
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
Positive
0.54
Price Trends
0.55
Positive
0.54
Positive
0.55
Positive
Market Momentum
0.01
Positive
54.70
Neutral
36.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9928, the sentiment is Positive. The current price of 0.54 is below the 20-day moving average (MA) of 0.59, below the 50-day MA of 0.55, and below the 200-day MA of 0.55, indicating a bullish trend. The MACD of 0.01 indicates Positive momentum. The RSI at 54.70 is Neutral, neither overbought nor oversold. The STOCH value of 36.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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$4.13B | 9.33 | 18.70% | 5.77% | 17.65% | 9.64% | |
69 Neutral | HK$2.55B | 12.36 | 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$569.75M | 27.88 | 1.30% | 7.09% | 4.53% | 247.06% | |
59 Neutral | HK$3.61B | 27.68 | -12.90% | 4.41% | -7.01% | ― | |
57 Neutral | HK$20.07B | 30.19 | 1.68% | 4.94% | 9.98% | -68.38% | |
49 Neutral | HK$238.63M | 2.21 | 3151.98% | ― | -4.36% | 1481.82% |
* Real Estate Sector Average
HK:9928
Times Neighborhood Holdings Ltd.
0.58
0.09
18.37%
HK:6098
Country Garden Services Holdings Co
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HK:3319
A-Living Smart City Services Co., Ltd. Class H
2.54
-0.19
-7.03%
HK:6626
Yuexiu Services Group Ltd.
1.70
-1.02
-37.48%
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Jiayuan Services Holdings Limited
0.36
0.01
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C&D Property Management Group Co., Ltd.
2.93
0.46
18.62%
Times Neighborhood Holdings Ltd. Corporate Events
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&...
Times Neighborhood Sets March 2026 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 18, 2026
Times Neighborhood Holdings Limited has scheduled a board meeting for 30 March 2026 to review and approve the annual results for the year ended 31 December 2025. At the same meeting, the board will also consider the declaration of a final dividend...
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.