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Tai Sang Land Development Limited (0089) AI Stock Analysis

HK:0089

Tai Sang Land Development Limited

(HKEX:0089)

Select Model
Rating:48Neutral
Price Target:HKD 2.00â–²(9.29% Upside)
Action:reiterated
Date:10/24/26

The score is primarily constrained by sharply deteriorating profitability and a negative P/E ratio. Positive cash generation, low leverage, substantial equity, and the dividend yield provide support, but the price remains below all listed moving averages and technical momentum is weak.

Positive Factors
Recurring rental modelThe rental-focused model provides an underlying recurring revenue base tied to occupied properties, lease renewals, and achieved rents. This can support business continuity and cash generation over the next several quarters, although performance remains dependent on occupancy, rental rates, and property operating costs.
Negative Factors
Severe revenue contractionThe sharp 2025 revenue contraction signals a material weakening in operating performance rather than a normal growth pause. If revenue does not recover, lower leasing or property-related income could impair the company’s ability to absorb fixed operating costs and sustain prior cash-generation levels.

Tai Sang Land Development Limited (0089) vs. iShares MSCI Hong Kong ETF (EWH)

-20%-15%-10%-5%0%5%10%15%20%HK:0089-17.42%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 526.44M
Dividend Yield
4.37%
Average Volume (3M)
24.57K
Price to Earnings (P/E)
-91.5
Beta (1Y)
0.56
Revenue Growth
-2.16%
EPS Growth
98.09%
Country
Hong Kong
Employees
267
Sector
Real Estate
Sector Strength
65
Industry
Real Estate - Services

Tai Sang Land Development Limited Business Overview & Revenue Model

Company Description

As an investment holding firm, Tai Sang Land Development Limited operates in both Hong Kong and North America, with core activities spanning the acquisition, development, management, sale, and leasing of real estate. Its diverse property holdings enc...

How the Company Makes Money

Tai Sang Land Development Limited primarily makes money through (1) rental income from leasing its investment properties to tenants and (2) property-related income connected to operating and managing those assets (e.g., leasing renewals, tenant manag...

Tai Sang Land Development Limited Financial Statement Overview

Summary

Financial performance is weak overall: sharp revenue and margin declines and a swing to substantial net losses weigh heavily on the score. Solid equity, manageable leverage, and positive operating and free cash flow provide meaningful support.

Income Statement

28Negative

Balance Sheet

65Positive

Cash Flow

72Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue466.55M472.21M481.55M487.06M440.80M407.95M
Gross Profit239.84M249.67M298.61M303.62M292.64M271.51M
EBITDA162.37M-94.53M-157.71M-11.55M176.53M153.13M
Net Income-7.22M-257.61M-333.41M-185.66M360.12M633.62M
Balance Sheet
Total Assets11.36B11.27B11.53B11.89B12.13B11.83B
Cash, Cash Equivalents and Short-Term Investments150.23M119.50M123.44M108.36M134.13M112.18M
Total Debt2.70B2.65B2.63B2.58B2.58B2.51B
Total Liabilities3.06B3.02B2.99B2.98B3.02B3.02B
Stockholders Equity8.02B7.98B8.26B8.62B8.84B8.56B
Cash Flow
Free Cash Flow21.21M139.91M157.60M159.01M65.43M38.66M
Operating Cash Flow26.29M140.63M167.58M162.59M103.20M102.38M
Investing Cash Flow-40.48M-22.05M-8.87M-19.44M-65.86M-142.43M
Financing Cash Flow17.89M-122.54M-143.63M-168.93M-15.31M10.87M

Tai Sang Land Development Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price1.83

Price Trends

50DMA1.89Negative
100DMA1.94Negative
200DMA2.08Negative

Market Momentum

MACD-0.02Positive
RSI42.54Neutral
STOCH22.22Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0089, the sentiment is Negative. The current price of 1.83 is below the 20-day moving average (MA) of 1.86, below the 50-day MA of 1.89, and below the 200-day MA of 2.08, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 42.54 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0089.

Tai Sang Land Development Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

HK:0089 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *65Neutral$2.17B12.193.79%4.94%3.15%1.96%
HK:0224HK:022459NeutralHKD 680.88M13.020.71%3.28%-7.15%―
HK:0225HK:022555NeutralHKD 558.61M-13.70-0.94%7.10%-0.96%91.94%
HK:0655HK:065550NeutralHKD 699.40M-0.32-26.12%―-58.66%-186.85%
HK:0089HK:008948NeutralHKD 526.44M-91.50-0.09%4.37%-2.16%98.09%
HK:0367HK:036748NeutralHKD 341.20M-0.95-4.84%―36.56%45.41%
HK:0432HK:043230UnderperformHKD 397.46M0.25108.51%―-17.31%97.25%

* Real Estate Sector Average

Performance Comparison

-25%0%25%50%75%HK:0089HK:0367HK:0655HK:0224HK:0225HK:0432Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:0089 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:0089Tai Sang Land Development Limited1.83-0.39-17.42%
HK:0367Chuang's Consortium International 0.20-0.14-40.00%
HK:0655Hongkong Chinese Limited0.350.039.37%
HK:0224Pioneer Global Group Limited0.590.035.36%
HK:0225Pokfulam Development Co. Ltd.5.07-0.45-8.20%
HK:0432Pacific Century Premium Developments Limited0.20-0.01-2.50%

Tai Sang Land Development Limited Corporate Events

Tai Sang Land Swings Back to Profit on Property Valuation Gains

Aug 24, 2026

Tai Sang Land Development Limited reported a sharp turnaround in its interim results for the six months ended 30 June 2026, returning to a profit of HK$58.4 million from a loss of HK$204.5 million a year earlier. The swing was driven largely by HK$56...

Tai Sang Land Declares HKD 0.03 Interim Dividend for First Half of 2026

Aug 24, 2026

Tai Sang Land Development Limited has declared an interim ordinary cash dividend of HKD 0.03 per share for the six months ended 30 June 2026, for the financial year ending 31 December 2026. The ex-dividend date is set for 8 September 2026, with a rec...

Tai Sang Land Signals Return to Profit on Property Revaluation Gains

Aug 17, 2026

Tai Sang Land Development Limited expects to swing to a consolidated profit of about HK$58 million for the first half of 2026, reversing a loss of HK$204.5 million a year earlier, driven mainly by fair value gains on its investment properties instead...

Tai Sang Land Board to Review Interim Results and Dividend on 24 August

Aug 6, 2026

Tai Sang Land Development Limited has scheduled a board meeting for 24 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The board will also consider the declaration of an interim dividend, a decision that c...

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.

Date of analysis: Oct 24, 2026