Times Neighborhood Holdings Ltd. (9928) AI Stock Analysis

• Market Cap: HK$569.75M
• Dividend Yield: 6.72%
• Average Volume (3M): 1.53M
• Price to Earnings (P/E): 19.3
• Beta (1Y): 0.81
• Revenue Growth: 1.97%
• EPS Growth: -67.03%
• Country: HK
• Employees: 4,673
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 0.07
• Shares Outstanding: 985,672,700
• 10 Day Avg. Volume: 2,159,636
• 30 Day Avg. Volume: 1,531,598
• PEG Ratio: -0.84
• Price to Book (P/B): 0.30
• Price to Sales (P/S): 0.17
• P/FCF Ratio: 2.32
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: HK$0.50 ▼(-13.79% Downside)

The stock's overall score is driven by a solid balance sheet and attractive valuation, offset by declining revenue and profitability. Technical indicators show bullish momentum, but overbought signals suggest caution. The absence of recent earnings call data limits further insights.

Positive Factors

Strong Balance Sheet

A strong balance sheet with high equity and low leverage indicates financial stability and resilience, supporting long-term growth potential.

Conservative Leverage

Low leverage minimizes financial risk, providing the company with greater flexibility to invest in growth opportunities and weather economic downturns.

Potential Turnaround in Net Income

The improvement in net income suggests potential operational recovery, which could enhance profitability and shareholder value over time.

Negative Factors

Declining Revenue

Declining revenue indicates potential challenges in market competitiveness and demand, which could hinder long-term growth and profitability.

Cash Flow Concerns

Inconsistent cash flow generation raises concerns about operational efficiency and the ability to fund future investments and obligations.

Decreased Gross Profit Margin

A declining gross profit margin suggests increased costs or pricing pressure, which could impact profitability and competitive positioning.

Times Neighborhood Holdings Ltd. Business Overview & Revenue Model

Company Description

Times Neighborhood Holdings Ltd. (9928) is a prominent property management and development company based in Hong Kong. The firm specializes in providing a wide range of services, including property management, facility management, and asset management. Its operations are centered around residential, commercial, and mixed-use properties, where it aims to enhance the overall living and working experience through quality service delivery and innovative management solutions.

How the Company Makes Money

Times Neighborhood Holdings generates revenue primarily through its property management services, which include fees charged for managing residential and commercial properties. Additionally, the company earns income from leasing and renting out properties it manages, as well as from maintenance and consultancy services provided to property owners. Key revenue streams also come from partnerships with real estate developers and other stakeholders in the property sector, facilitating joint ventures and projects that enhance its portfolio and revenue potential.

Times Neighborhood Holdings Ltd. Financial Statement Overview

Summary

The company's financial performance is mixed. The income statement shows declining revenue and profitability, with a slight improvement in net income in 2024. The balance sheet is strong with low leverage, but cash flow inconsistencies raise concerns about operational efficiency.

Income Statement

The company's revenue and profitability metrics have declined over the years, with a notable drop in revenue from 2021 to 2024. The gross profit margin has decreased, indicating potential cost management issues or increased competition. Net profit margin has been poor, with negative net income in recent years, signifying challenges in achieving profitability. However, there's a slight improvement in net income in 2024, which could indicate a potential turnaround.

Balance Sheet

The company maintains a strong equity position with a consistently high equity ratio, reflecting financial stability. The debt-to-equity ratio is low, indicating conservative leverage and minimal dependence on debt financing. However, a declining total assets trend could be a concern for future growth and investment capabilities.

Cash Flow

The cash flow situation is mixed, with fluctuating free cash flow and operating cash flow over the years. The free cash flow has shown inconsistency, raising concerns about cash generation efficiency. The lack of significant positive operating cash flow in 2024 points to potential operational inefficiencies or challenges in cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.45B	2.39B	2.47B	2.61B	2.72B	1.76B
Gross Profit	480.98M	487.78M	515.71M	555.89M	742.06M	531.05M
EBITDA	118.27M	101.73M	-93.97M	-171.48M	482.38M	319.91M
Net Income	27.79M	4.70M	-201.76M	-213.63M	308.00M	232.61M
Balance Sheet
Total Assets	2.60B	2.59B	2.60B	2.93B	3.27B	2.65B
Cash, Cash Equivalents and Short-Term Investments	1.05B	1.07B	941.37M	810.36M	814.33M	1.12B
Total Debt	8.51M	10.12M	8.64M	14.21M	22.33M	22.35M
Total Liabilities	1.13B	1.15B	1.14B	1.24B	1.34B	887.25M
Stockholders Equity	1.40B	1.33B	1.35B	1.57B	1.82B	1.72B
Cash Flow
Free Cash Flow	135.59M	173.09M	123.36M	61.92M	33.43M	68.78M
Operating Cash Flow	140.48M	193.43M	138.26M	73.18M	54.68M	87.41M
Investing Cash Flow	248.32M	-7.41M	4.32M	-19.41M	-176.40M	-632.30M
Financing Cash Flow	-29.69M	-33.02M	-33.75M	-58.67M	-101.92M	646.91M

Times Neighborhood Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.58
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9928, the sentiment is Neutral. The current price of 0.58 is below the 20-day moving average (MA) of 0.61, above the 50-day MA of 0.58, and above the 200-day MA of 0.52, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 40.41 is Neutral, neither overbought nor oversold. The STOCH value of 18.10 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:9928.

Times Neighborhood Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2376	72 Outperform	HK$413.35M	9.70	7.09%	3.92%	-3.62%	26.66%
9928	68 Neutral	HK$569.75M	19.33	1.96%	6.72%	1.97%	-67.03%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
3662	63 Neutral	HK$326.81M	7.67	3.28%	6.52%	-14.43%	-77.55%
2107	57 Neutral	HK$286.39M	-13.45	-4.06%	14.53%	6.30%	-128.34%
0021	54 Neutral	HK$381.62M	-11.03	-4.27%	―	1303.01%	-45.00%
2215	53 Neutral	HK$298.31M	9.41	4.11%	―	-7.17%	-22.01%

Times Neighborhood Holdings Ltd. Corporate Events

Times Neighborhood Holdings Invests in Wealth Management Products

Times Neighborhood Holdings Limited, through its wholly-owned subsidiary Shidai Xinhui, has engaged in the subscription of two wealth management products with a total investment of RMB40,000,000. These investments were made using surplus cash reserves and involved partnerships with GF Securities as the investment advisor, SDIC Taikang Trust, and Chasing Trust as trustees. The transactions are classified as discloseable under Hong Kong’s Listing Rules, indicating a strategic move to optimize cash reserves and potentially enhance returns, while adhering to regulatory compliance.