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Liu Chong Hing Investment Limited
(0194)
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Rating:54Neutral
Price Target:
HK$4.50
▲(1.35% Upside)
Action:Reiterated
Date:08/04/26
The score is held back primarily by volatile profitability (including large losses in 2023–2024) and an expensive earnings multiple (P/E ~140). Offsetting factors include a comparatively moderate leverage profile, a notable improvement in 2025 cash generation, and mildly constructive technical momentum. The high dividend yield (~6.3%) provides additional support but does not fully counterbalance earnings/valuation risks.
Positive Factors
Balance sheet capacity
Moderate leverage and a sizable equity base give the company structural capacity to fund development and weather cyclical real estate downturns. This reduces immediate refinancing pressure, supports capital allocation flexibility for projects or dividends, and underpins long-term solvency if earnings normalize.
Negative Factors
Earnings volatility
Multi-year swings from strong profits to deep losses then a modest rebound show the firm's earnings are heavily exposed to valuation adjustments, project timing and non-core items. Persistent volatility undermines planning, dividend reliability and investor confidence until core earnings stabilize.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet capacity
Moderate leverage and a sizable equity base give the company structural capacity to fund development and weather cyclical real estate downturns. This reduces immediate refinancing pressure, supports capital allocation flexibility for projects or dividends, and underpins long-term solvency if earnings normalize.
Read all positive factors
Liu Chong Hing Investment Limited (0194) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.60B
Dividend Yield6.61%
Average Volume (3M)23.70K
Price to Earnings (P/E)―
Beta (1Y)0.22
Revenue Growth-15.98%
EPS Growth32.15%
CountryHK
Employees527
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.72
Shares Outstanding378,583,440
10 Day Avg. Volume14,458
30 Day Avg. Volume23,705
Financial Highlights & Ratios
PEG Ratio-1.38
Price to Book (P/B)0.16
Price to Sales (P/S)1.59
P/FCF Ratio4.79
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
Liu Chong Hing Investment Limited Business Overview & Revenue Model
Company Description
Liu Chong Hing Investment Limited, an investment conglomerate founded in 1970 and based in Central, Hong Kong, primarily engages in property-related activities such as investment, development, sales, administration, and leasing of real estate asse...
How the Company Makes Money
null...
Liu Chong Hing Investment Limited Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
67
Positive
Cash Flow
61
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 949.85M | 1.06B | 933.03M | 732.31M | 715.24M | 835.16M |
| Gross Profit | 505.37M | 542.03M | 495.60M | 456.20M | 389.73M | 472.90M |
| EBITDA | -231.07M | 162.27M | 215.79M | -360.19M | 163.36M | 337.59M |
| Net Income | -273.94M | 12.05M | -837.06M | -814.94M | 86.15M | 427.30M |
Balance Sheet | ||||||
| Total Assets | 13.81B | 14.37B | 14.89B | 15.00B | 15.83B | 16.18B |
| Cash, Cash Equivalents and Short-Term Investments | 1.78B | 2.16B | 2.24B | 1.22B | 1.65B | 2.03B |
| Total Debt | 2.80B | 2.98B | 3.37B | 2.41B | 2.21B | 1.87B |
| Total Liabilities | 3.44B | 3.78B | 4.35B | 3.39B | 3.17B | 2.95B |
| Stockholders Equity | 10.37B | 10.57B | 10.51B | 11.57B | 12.60B | 13.15B |
Cash Flow | ||||||
| Free Cash Flow | 85.20M | 352.21M | 291.14M | 126.83M | -270.17M | 151.88M |
| Operating Cash Flow | 95.52M | 364.52M | 307.84M | 169.12M | -227.75M | 169.61M |
| Investing Cash Flow | 37.19M | -129.94M | -79.35M | -532.43M | -128.29M | 83.34M |
| Financing Cash Flow | -588.42M | -523.54M | 656.26M | -62.14M | 125.36M | -268.52M |
Liu Chong Hing Investment Limited Technical Analysis
Positive
4.44
Price Trends
4.22
Positive
4.27
Negative
4.29
Negative
Market Momentum
>-0.01
Negative
56.89
Neutral
16.22
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0194, the sentiment is Positive. The current price of 4.44 is above the 20-day moving average (MA) of 4.21, above the 50-day MA of 4.22, and above the 200-day MA of 4.29, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 56.89 is Neutral, neither overbought nor oversold. The STOCH value of 16.22 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0194.
Liu Chong Hing Investment 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% | |
54 Neutral | HK$1.60B | -5.82 | -2.62% | 6.61% | -15.98% | 32.15% | |
54 Neutral | HK$862.29M | 0.88 | 128.24% | 7.61% | -2.43% | ― | |
47 Neutral | HK$2.03B | -93.68 | -0.35% | 5.50% | -44.61% | -135.00% | |
45 Neutral | HK$2.02B | -1.68 | -8.84% | 12.09% | -30.58% | 9.72% | |
45 Neutral | HK$2.75B | -4.35 | -2.77% | 3.55% | 13.56% | 74.33% | |
43 Neutral | HK$1.68B | -0.42 | -24.69% | 0.49% | -78.20% | -6.15% |
* Real Estate Sector Average
HK:0194
Liu Chong Hing Investment Limited
4.24
-0.07
-1.72%
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0.66
-0.13
-16.03%
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Gemdale Properties & Investment
0.10
-0.13
-56.09%
HK:0618
Peking University Resources Holdings Co. Ltd.
0.32
0.16
103.23%
HK:0369
Wing Tai Properties Limited
1.97
0.36
22.51%
HK:0088
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3.27
0.15
4.91%
Liu Chong Hing Investment Limited Corporate Events
Liu Chong Hing Investment Strengthens Board With Appointment of Veteran Executive Director
Aug 4, 2026
Liu Chong Hing Investment Limited has appointed Co-Chief Executive Officer Tsang Tin For as an executive director effective 4 August 2026, further consolidating its senior leadership team. Tsang will continue to work alongside Chairman and Co-Chie...
Liu Chong Hing Investment Details Board and Committee Structure
Aug 4, 2026
Liu Chong Hing Investment Limited has disclosed the current composition of its board of directors as of 4 August 2026, detailing executive, non-executive and independent non-executive members. The announcement outlines the roles of the chairman an...
Liu Chong Hing Issues Profit Warning on Interim Losses Driven by Property Valuation and PRC Tax
Jul 31, 2026
Liu Chong Hing Investment Limited has warned that it expects to post a loss attributable to shareholders of between HK$260 million and HK$280 million for the six months ended 30 June 2026, compared with a profit of about HK$16.6 million a year ear...
Liu Chong Hing Investment Sets August Board Meeting to Approve Interim Results and Dividend
Jul 24, 2026
Liu Chong Hing Investment Limited has scheduled a board meeting for 11:00 a.m. on 13 August 2026 in Hong Kong, where directors will review and approve the unaudited interim results for the six months ended 30 June 2026. The board will also conside...
Liu Chong Hing Wins Shareholder Backing for Dividend, Board and Buyback Mandate
May 21, 2026
Liu Chong Hing Investment Limited reported that all resolutions put to shareholders at its 2026 annual general meeting on 21 May were approved by poll, with all directors attending in person. Shareholders endorsed the audited financial statements ...
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.