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GR Properties Limited
(0108)
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Rating:42Neutral
Price Target:
HK$1.50
▼(-21.47% Downside)
Action:Reiterated
Date:07/09/26
The score is primarily held back by weak and volatile profitability (recurring net losses and a significantly negative 2025 net margin) and increased leverage. Technical signals also point to a sustained downtrend, with the stock trading below all key moving averages and negative MACD. Improving operating and free cash flow provides some support but is not yet enough to offset earnings and balance-sheet risk.
Positive Factors
Improving cash generation
Sustained positive operating cash flow and a sharp free cash flow increase in 2025 provide a durable liquidity buffer. This improves the firm's ability to service debt, fund capex or asset maintenance, and pursue opportunistic asset sales or redeployments without relying solely on equity markets.
Negative Factors
Recurring net losses and deep negative net margin
Chronic net losses and a materially negative net margin erode retained earnings and limit reinvestment capacity. Persistent bottom-line deficits reduce shareholder value, constrain dividend capacity, and require sustained operational improvements to restore profitability and rebuild reserves.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving cash generation
Sustained positive operating cash flow and a sharp free cash flow increase in 2025 provide a durable liquidity buffer. This improves the firm's ability to service debt, fund capex or asset maintenance, and pursue opportunistic asset sales or redeployments without relying solely on equity markets.
Read all positive factors
GR Properties Limited (0108) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$5.76B
Dividend YieldN/A
Average Volume (3M)728.40K
Price to Earnings (P/E)―
Beta (1Y)1.16
Revenue Growth24.51%
EPS Growth80.28%
CountryHK
Employees428
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.03
Shares Outstanding3,321,374,000
10 Day Avg. Volume609,200
30 Day Avg. Volume728,400
Financial Highlights & Ratios
PEG Ratio0.77
Price to Book (P/B)8.00
Price to Sales (P/S)21.48
P/FCF Ratio99.41
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)N/A
Revenue Forecast (FY)N/A
GR Properties Limited Business Overview & Revenue Model
Company Description
An investment holding company principally engaged in property-related businesses. The company operates through two segments: Property Development and Investment, and Property Management, which provides services for office buildings, residential pr...
How the Company Makes Money
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GR Properties Limited Financial Statement Overview
Summary
Income Statement
36
Negative
Balance Sheet
46
Neutral
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 348.91M | 310.02M | 352.64M | 352.28M | 331.33M |
| Gross Profit | 347.44M | 220.08M | 275.88M | 279.56M | 250.04M |
| EBITDA | 18.88M | -840.68M | 61.70M | -194.62M | 245.17M |
| Net Income | -109.63M | -918.50M | -129.31M | -320.13M | 207.63M |
Balance Sheet | |||||
| Total Assets | 5.74B | 5.42B | 6.41B | 6.24B | 6.89B |
| Cash, Cash Equivalents and Short-Term Investments | 312.76M | 311.31M | 316.82M | 365.00M | 304.05M |
| Total Debt | 2.89B | 1.91B | 2.70B | 2.39B | 2.17B |
| Total Liabilities | 4.80B | 3.29B | 3.31B | 2.99B | 3.03B |
| Stockholders Equity | 936.36M | 2.13B | 3.10B | 3.25B | 3.86B |
Cash Flow | |||||
| Free Cash Flow | 75.38M | 79.13M | 103.25M | -179.96M | -32.50M |
| Operating Cash Flow | 121.78M | 80.28M | 104.22M | -179.04M | -31.63M |
| Investing Cash Flow | -214.24M | 7.95M | -327.49M | -136.66M | 64.19M |
| Financing Cash Flow | 14.28M | -199.13M | 173.70M | 351.88M | -43.75M |
GR Properties Limited Technical Analysis
Positive
1.91
Price Trends
1.76
Negative
2.07
Negative
2.46
Negative
Market Momentum
>-0.01
Positive
50.46
Neutral
36.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0108, the sentiment is Positive. The current price of 1.91 is above the 20-day moving average (MA) of 1.73, above the 50-day MA of 1.76, and below the 200-day MA of 2.46, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 50.46 is Neutral, neither overbought nor oversold. The STOCH value of 36.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0108.
GR Properties Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$11.74B | 8.13 | 21.17% | 5.71% | 10.76% | -12.76% | |
72 Outperform | HK$7.01B | 10.26 | 3.22% | 5.21% | -10.82% | -1.24% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | HK$37.07B | 21.59 | 1.21% | 7.35% | 9.89% | -22.12% | |
55 Neutral | HK$561.91M | -13.78 | -0.94% | 7.06% | -0.96% | 91.94% | |
51 Neutral | HK$95.70B | -47.19 | -1.12% | 5.12% | -0.55% | -337.48% | |
42 Neutral | HK$5.76B | -30.71 | -18.68% | ― | 24.51% | 80.28% |
* Real Estate Sector Average
HK:0108
GR Properties Limited
1.80
0.23
14.65%
HK:2669
China Overseas Property Holdings
3.51
-1.48
-29.73%
HK:0101
Hang Lung Properties
7.07
-0.93
-11.65%
HK:0071
Miramar Hotel & Investment Co
10.17
0.70
7.41%
HK:1997
Wharf Real Estate Investment Co
31.28
9.93
46.49%
HK:0225
Pokfulam Development Co. Ltd.
5.10
-0.08
-1.47%
GR Properties Limited Corporate Events
SR Medical Technology Affirms Independence of Newly Appointed Board Director
Jul 21, 2026
SR Medical Technology Company Limited has announced supplemental details regarding the appointment of Mr. Huang Yining as an independent non-executive director, and as a member of the Audit, Nomination and Remuneration Committees. The company clar...
SR Medical Technology Rebrands With New Name, Ticker Short Names and Logo
Jul 21, 2026
SR Medical Technology Company Limited has formally changed its English and Chinese company names from GR Life Style Company Limited, effective 9 July 2026, and updated its corporate logo to align with the new branding. The move marks a clear repos...
GR Life Style Revamps Board with New Executive and Independent Directors
Jul 13, 2026
GR Life Style Company Limited has announced the resignation of independent non-executive director Leung Louis Ho Ming, who is stepping down from the board and its key committees in mid-July 2026 due to other business commitments, with the company ...
GR Life Style Company Details Board and Committee Structure
Jul 13, 2026
GR Life Style Company Limited has disclosed the current composition of its board of directors, listing five executive directors and three independent non-executive directors, and confirming their respective roles in overseeing the company. The ann...
GR Life Style Reshapes Shareholding Structure After SFC Concentration Warning
Jun 30, 2026
GR Life Style Company Limited has disclosed an updated analysis of its shareholding structure as of 3 June 2026, following a prior Securities and Futures Commission notice highlighting high shareholder concentration in late 2025. The board engaged...
GR Life Style Wins Shareholder Backing for Name Change and Capital Mandates at AGM
Jun 26, 2026
Shareholders of GR Life Style Company Limited approved all resolutions at the 26 June 2026 annual general meeting, including the adoption of the 2025 audited accounts, re-election of executive and independent non-executive directors, and the appoi...
GR Life Style to Replace Ernst & Young with BDO to Boost Audit Efficiency and Cut Costs
Jun 26, 2026
GR Life Style Company Limited plans to replace Ernst Young as its auditor with BDO for the financial year ending 31 December 2026, subject to shareholder approval at the 2026 annual general meeting. The audit committee had previously been satisfi...
GR Life Style clarifies register closure details for upcoming AGM
Jun 8, 2026
GR Life Style Company Limited has issued a clarification regarding the closure of its register of members in connection with its upcoming annual general meeting. The company has corrected the record date and closure period for its share register t...
GR Life Style Calls 2026 AGM, Seeks Share Issuance Mandate and New Auditor
Jun 4, 2026
GR Life Style Company Limited has called its annual general meeting for 26 June 2026 in Central, Hong Kong, where shareholders will review and adopt the audited consolidated financial statements for the year ended 31 December 2025 and the accompan...
GR Life Style Proposes Replacing Ernst & Young With BDO as Auditor
Jun 4, 2026
GR Life Style Company Limited plans to change its external auditor, with the current mandate of Ernst Young set to end at the conclusion of its 2026 annual general meeting, after which it intends to appoint BDO Limited for the 2026 financial year...
GR Life Style Plans Rebranding as SR Medical Technology
May 27, 2026
GR Life Style Company Limited plans to change its name to SR Medical Technology Company Limited, subject to shareholder approval at the 2026 annual general meeting and confirmation from Hong Kong authorities, including the Registrar of Companies a...
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.