Tai Sang Land Development Limited (0089) AI Stock Analysis

• Market Cap: HK$491.92M
• Dividend Yield: 5.85%
• Average Volume (3M): 10.86K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.26
• Revenue Growth: -1.13%
• EPS Growth: -79.58%
• Country: HK
• Employees: 261
• Sector: Real Estate
• Sector Strength: 81
• Industry: Real Estate - Services
• EPS (TTM): -1.16
• Shares Outstanding: 287,669,680
• 10 Day Avg. Volume: 5,281
• 30 Day Avg. Volume: 10,860
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• 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: N/A
• Number of Analyst Covering: 0

Tai Sang Land Development Limited's overall stock score is constrained by its poor financial performance, with significant revenue declines, negative profitability, and cash flow issues. Technical analysis provides a moderately bearish outlook, while valuation remains under pressure due to ongoing losses despite a high dividend yield. Immediate strategic improvements are necessary to enhance financial viability and investor confidence.

Tai Sang Land Development Limited Business Overview & Revenue Model

Company Description

Tai Sang Land Development Limited (0089) is a Hong Kong-based company primarily engaged in property investment and development. The company focuses on the acquisition, management, and development of real estate properties, including residential, commercial, and industrial properties. It also provides property management services, ensuring the maintenance and operational efficiency of its assets.

How the Company Makes Money

Tai Sang Land Development Limited generates revenue through several key streams. The primary source of income is rental income from its portfolio of residential, commercial, and industrial properties. This steady stream of income is complemented by property sales, which occur when the company develops and sells real estate assets. Additionally, the company earns fees from property management services it provides, which include maintenance, leasing, and other operational activities for properties owned by both the company and third parties. Strategic partnerships with other real estate firms and developers can also contribute to its earnings by enabling joint ventures and co-development projects. Market conditions, property valuations, and rental demand significantly influence Tai Sang Land Development Limited's revenue generation.

Tai Sang Land Development Limited Financial Statement Overview

Summary

The company is facing severe financial challenges, including declining revenue, negative profitability, and cash flow issues. While the balance sheet shows a moderate debt-to-equity ratio, the ongoing losses and liquidity problems override these positives, posing significant risks to financial health.

Income Statement

The company has experienced declining revenue over the past two years, with a negative revenue growth rate from 2023 to 2024. The company is facing severe profitability issues, evidenced by negative net profit margins and a declining EBIT margin. The EBIT and EBITDA margins are poor, indicating operational inefficiencies and challenges in cost control.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio, indicating a manageable level of leverage. However, the return on equity is negative due to consistent net losses, which is a concern for shareholder returns. The equity ratio is relatively strong, suggesting the company has a solid equity base compared to its total assets.

Cash Flow

The cash flow situation is troubling, with zero operating and free cash flow in 2024, indicating liquidity issues. The operating cash flow to net income ratio is not available due to negative net income, and the free cash flow to net income ratio reflects cash flow challenges. The lack of positive cash flow growth signals potential difficulties in sustaining operations without external financing.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
481.55M	487.06M	440.80M	407.95M	352.61M
	Gross Profit
298.61M	303.62M	292.64M	271.51M	265.81M
	EBIT
-210.87M	-66.97M	116.36M	102.65M	129.37M
	EBITDA
-162.40M	-16.66M	176.53M	153.13M	157.54M
	Net Income Common Stockholders
-333.41M	-185.66M	360.12M	633.62M	-155.94M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
123.44M	108.36M	134.13M	112.18M	141.37M
	Total Assets
11.53B	11.89B	12.13B	11.83B	11.11B
	Total Debt
2.63B	2.58B	2.58B	2.51B	2.43B
	Net Debt
2.51B	2.47B	2.44B	2.40B	2.29B
	Total Liabilities
2.99B	2.98B	3.02B	3.02B	2.97B
	Stockholders Equity
8.26B	8.62B	8.84B	8.56B	7.90B
Cash Flow		Free Cash Flow
157.60M	159.01M	65.43M	38.66M	-169.25M
	Operating Cash Flow
167.58M	162.59M	103.20M	102.38M	92.13M
	Investing Cash Flow
-8.87M	-19.44M	-65.86M	-142.43M	-300.35M
	Financing Cash Flow
-143.63M	-168.93M	-15.31M	10.87M	237.95M

Tai Sang Land Development Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.76
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0089, the sentiment is Positive. The current price of 1.76 is above the 20-day moving average (MA) of 1.66, above the 50-day MA of 1.69, and below the 200-day MA of 1.89, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 69.40 is Neutral, neither overbought nor oversold. The STOCH value of 63.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0089.

Tai Sang Land Development Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0113	76 Outperform	$2.65B	10.30	7.44%	9.38%	-12.74%	-17.17%
0016	71 Outperform	$221.10B	12.69	2.88%	4.33%	20.91%	-29.29%
0083	70 Outperform	$74.57B	19.61	2.17%	7.11%	-30.38%	-43.73%
Sector *	60 Neutral	$2.81B	11.04	0.20%	8508.34%	6.12%	-16.66%
0084	60 Neutral	HK$80.45M	0.18	70.23%	―	-8.35%	―
0683	52 Neutral	$27.72B	34.31	0.76%	7.09%	50.11%	-75.09%
0089	45 Neutral	HK$491.92M	―	-3.95%	5.85%	-1.13%	-79.58%

Tai Sang Land Development Limited Corporate Events

Tai Sang Land Development Announces 2025 AGM Agenda

Tai Sang Land Development Limited has announced its upcoming Annual General Meeting (AGM) scheduled for May 19, 2025, in Hong Kong. Key agenda items include receiving the audited financial statements for 2024, declaring a final dividend, re-electing directors, and re-appointing PricewaterhouseCoopers as auditors. Additionally, the company seeks approval for general mandates to buy back shares and issue new shares, which could influence its market operations and shareholder value.

Tai Sang Land Development Limited Reports 2024 Financial Results with Notable Losses

Tai Sang Land Development Limited reported its 2024 annual financial results, revealing a 1.1% decrease in revenues to HK$481.6 million. The company experienced a significant loss of HK$340.2 million, largely due to fair value losses on investment properties amounting to HK$301.2 million. Despite these challenges, the company proposed a final dividend of HK5 cents per ordinary share, down from HK6 cents in the previous year.

Tai Sang Land Development Declares Final Dividend for 2024

Tai Sang Land Development Limited announced a final ordinary cash dividend of HKD 0.05 per share for the financial year ending December 31, 2024. The dividend is set to be approved by shareholders on May 19, 2025, with the payment scheduled for June 11, 2025. This announcement reflects the company’s commitment to returning value to its shareholders, potentially strengthening its market position and investor confidence.

Tai Sang Land Development to Approve 2024 Financial Results and Dividend

Tai Sang Land Development Limited has announced that its board of directors will meet on March 21, 2025, to approve the final results for the year ending December 31, 2024, and to consider the payment of a final dividend. This meeting is significant as it will determine the company’s financial performance and shareholder returns, impacting its market positioning and stakeholder interests.