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Tai Cheung Holdings Limited
(0088)
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Rating:47Neutral
Price Target:
HK$3.50
â–¼(-12.28% Downside)
Action:Reiterated
Date:07/27/26
The score is held down primarily by weak financial performance driven by persistent negative operating/free cash flow and a deterioration to losses in 2026, despite the mitigating benefit of a conservatively levered balance sheet. Technicals are also soft with the price below key longer-term moving averages, while valuation is mixed—supported by a high dividend yield but undermined by a negative P/E tied to losses.
Positive Factors
Conservative leverage
A very low debt-to-equity ratio materially reduces refinancing and interest-rate risk for a real-estate developer. This conservative capital structure provides durable financial flexibility to fund operations, withstand cyclical downturns, or pursue opportunistic asset acquisitions without urgent external financing.
Negative Factors
Persistent negative cash generation
Sustained negative operating and free cash flow is a critical structural weakness for a developer: it forces dependence on asset sales, external financing or balance sheet cushions to meet obligations. Over months this limits reinvestment, endangers dividends, and raises funding and execution risk for projects.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
A very low debt-to-equity ratio materially reduces refinancing and interest-rate risk for a real-estate developer. This conservative capital structure provides durable financial flexibility to fund operations, withstand cyclical downturns, or pursue opportunistic asset acquisitions without urgent external financing.
Read all positive factors
Tai Cheung Holdings Limited (0088) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.98B
Dividend Yield5.63%
Average Volume (3M)49.51K
Price to Earnings (P/E)―
Beta (1Y)0.29
Revenue Growth-44.61%
EPS Growth-135.00%
CountryHK
Employees162
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.04
Shares Outstanding617,531,430
10 Day Avg. Volume50,483
30 Day Avg. Volume49,506
Financial Highlights & Ratios
PEG Ratio0.80
Price to Book (P/B)0.38
Price to Sales (P/S)53.79
P/FCF Ratio-9.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$3.97Price Target Upside-0.50% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.21
Revenue Forecast (FY)HK$517.00M
Tai Cheung Holdings Limited Business Overview & Revenue Model
Company Description
Functioning as an investment holding company, Tai Cheung Holdings Limited concentrates its efforts on the investment, development, and management of various properties. Its business activities extend across both Hong Kong and the United States. Th...
How the Company Makes Money
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Tai Cheung Holdings Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
82
Very Positive
Cash Flow
18
Very Negative
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 44.20M | 36.00M | 121.70M | 105.40M | 189.80M |
| Gross Profit | -9.70M | 6.00M | 23.00M | 47.70M | 60.90M |
| EBITDA | -7.70M | 74.60M | 87.40M | 1.90M | 16.50M |
| Net Income | -22.00M | 62.80M | 74.90M | -20.00M | 2.90M |
Balance Sheet | |||||
| Total Assets | 6.72B | 6.68B | 6.66B | 6.77B | 6.97B |
| Cash, Cash Equivalents and Short-Term Investments | 540.60M | 866.40M | 1.26B | 1.42B | 1.79B |
| Total Debt | 83.30M | 80.60M | 39.40M | 114.90M | 139.40M |
| Total Liabilities | 533.60M | 328.10M | 223.50M | 263.20M | 298.60M |
| Stockholders Equity | 6.19B | 6.35B | 6.44B | 6.51B | 6.68B |
Cash Flow | |||||
| Free Cash Flow | -242.90M | -292.30M | -101.90M | -111.70M | -91.20M |
| Operating Cash Flow | -242.20M | -290.50M | -101.40M | -111.40M | -90.90M |
| Investing Cash Flow | -700.00K | 94.00M | 143.80M | -70.40M | -14.30M |
| Financing Cash Flow | -172.80M | -106.90M | -223.40M | -163.10M | -213.00M |
Tai Cheung Holdings Limited Technical Analysis
Negative
3.99
Price Trends
3.29
Negative
3.49
Negative
3.56
Negative
Market Momentum
-0.02
Positive
39.57
Neutral
20.99
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0088, the sentiment is Negative. The current price of 3.99 is above the 20-day moving average (MA) of 3.27, above the 50-day MA of 3.29, and above the 200-day MA of 3.56, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 39.57 is Neutral, neither overbought nor oversold. The STOCH value of 20.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0088.
Tai Cheung Holdings Limited 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% | |
56 Neutral | HK$3.06B | -24.71 | -0.78% | 1.16% | 0.79% | 55.16% | |
54 Neutral | HK$1.61B | -5.87 | -2.62% | 6.60% | -15.98% | 32.15% | |
50 Neutral | HK$1.23B | -0.14 | -81.01% | 2.65% | 293.30% | -29.87% | |
47 Neutral | HK$1.98B | -89.61 | -0.35% | 5.63% | -44.61% | -135.00% | |
45 Neutral | HK$2.14B | -1.78 | -8.84% | 12.09% | -30.58% | 9.72% | |
45 Neutral | HK$2.58B | -4.13 | -2.67% | 3.68% | 13.56% | 74.33% |
* Real Estate Sector Average
HK:0088
Tai Cheung Holdings Limited
3.19
0.06
2.01%
HK:0035
Far East Consortium International
0.70
-0.08
-10.26%
HK:0095
LVGEM (China) Real Estate Investment Company Limited
0.20
-0.10
-32.88%
HK:0194
Liu Chong Hing Investment Limited
4.24
-0.08
-1.81%
HK:0051
Harbour Centre Development Limited
4.20
-0.26
-5.83%
HK:0369
Wing Tai Properties Limited
1.90
0.29
17.87%
Tai Cheung Holdings Limited Corporate Events
Tai Cheung Sets 2026 AGM to Approve Dividend, Buyback and Share Issue Mandates
Jul 22, 2026
Tai Cheung Holdings Limited has called its annual general meeting for 26 August 2026 in Hong Kong, where shareholders will review the audited consolidated financial statements for the year ended 31 March 2026 and consider a proposed final dividend...
Tai Cheung Swings to Annual Loss but Maintains Dividends on Solid Balance Sheet
Jun 25, 2026
Tai Cheung Holdings reported a loss attributable to equity holders of HK$22.0 million for the year ended 31 March 2026, reversing from a profit of HK$62.8 million a year earlier. The setback was driven mainly by lower interest income and losses on...
Tai Cheung declares final cash dividend for FY2026
Jun 25, 2026
Tai Cheung Holdings Limited has declared a final ordinary cash dividend of HKD 0.06 per share for the financial year ended 31 March 2026, subject to shareholder approval on 26 August 2026. The dividend will be paid in Hong Kong dollars on 23 Septe...
Tai Cheung sets June board meeting to approve results and consider final dividend
Jun 12, 2026
Tai Cheung Holdings Limited has scheduled a board meeting for 25 June 2026 to approve the release of its audited final results for the year ended 31 March 2026 and to consider a recommendation on the payment of a final dividend to shareholders. Th...
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.