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ITC Properties Group Limited
(0199)
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Rating:60Neutral
Price Target:
HK$3.00
â–²(163.16% Upside)
Action:Reiterated
Date:08/27/26
The score is anchored by improving financial stability (stronger cash flow and reduced leverage) and supportive technical momentum (price above major moving averages with positive MACD). Offsetting these positives is the continued lack of profitability (large losses and negative gross profit) and a negative P/E that limits valuation support.
Positive Factors
Improving cash generation
The company turned materially positive on cash flow by 2025 and reached ~HK$196m free cash flow in 2026. Durable positive FCF improves liquidity and funds operations or development internally, lowering refinancing risk and supporting strategic flexibility over months.
Negative Factors
Deep unprofitability
Despite revenue gains, the company reported negative gross profit and wide operating and net losses with net margin near -127% in 2026. Persistent losses undermine long-term shareholder returns and require durable margin improvement to justify continued investment.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving cash generation
The company turned materially positive on cash flow by 2025 and reached ~HK$196m free cash flow in 2026. Durable positive FCF improves liquidity and funds operations or development internally, lowering refinancing risk and supporting strategic flexibility over months.
Read all positive factors
ITC Properties Group Limited (0199) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.74B
Dividend Yield14.56%
Average Volume (3M)3.54M
Price to Earnings (P/E)―
Beta (1Y)-0.55
Revenue Growth20.94%
EPS Growth37.07%
CountryHK
Employees118
SectorConsumer Cyclical
Sector Strength84
IndustryTravel Lodging
Share Statistics
EPS (TTM)-0.53
Shares Outstanding1,088,638,100
10 Day Avg. Volume3,160,272
30 Day Avg. Volume3,538,798
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.50
Price to Sales (P/S)2.12
P/FCF Ratio4.48
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
ITC Properties Group Limited Business Overview & Revenue Model
Company Description
ITC Properties Group Limited operates as an investment holding company, with its core focus being real estate development and property investment across a wide international footprint, including mainland China, Hong Kong, Canada, Macau, and the Un...
How the Company Makes Money
ITC Properties Group Limited makes money primarily through real-estate-related income and gains. Key revenue and earnings drivers typically include: (1) property rental and related income from investment properties (e.g., leasing space and earning...
ITC Properties Group Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
74
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 414.29M | 398.06M | 111.08M | 93.90M | 337.34M |
| Gross Profit | -4.28M | -337.76M | -45.69M | -4.76M | 45.16M |
| EBITDA | -463.06M | -708.44M | -202.98M | -207.26M | -219.47M |
| Net Income | -527.73M | -812.98M | -644.89M | -146.91M | 566.16M |
Balance Sheet | |||||
| Total Assets | 2.11B | 3.57B | 4.75B | 5.68B | 6.71B |
| Cash, Cash Equivalents and Short-Term Investments | 171.14M | 67.11M | 49.13M | 91.87M | 324.13M |
| Total Debt | 142.36M | 937.00M | 1.37B | 1.44B | 1.46B |
| Total Liabilities | 357.73M | 1.36B | 1.68B | 1.88B | 2.51B |
| Stockholders Equity | 1.74B | 2.16B | 2.93B | 3.61B | 3.99B |
Cash Flow | |||||
| Free Cash Flow | 196.50M | 134.88M | -48.63M | -143.13M | -151.90M |
| Operating Cash Flow | 202.52M | 135.00M | -46.49M | -125.14M | -149.97M |
| Investing Cash Flow | 562.42M | 451.26M | 20.90M | -4.66M | 447.52M |
| Financing Cash Flow | -687.89M | -560.72M | -10.80M | -99.57M | -317.99M |
ITC Properties Group Limited Technical Analysis
Positive
1.14
Price Trends
2.47
Positive
2.02
Positive
1.53
Positive
Market Momentum
0.03
Positive
47.21
Neutral
12.80
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0199, the sentiment is Positive. The current price of 1.14 is below the 20-day moving average (MA) of 2.68, below the 50-day MA of 2.47, and below the 200-day MA of 1.53, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 47.21 is Neutral, neither overbought nor oversold. The STOCH value of 12.80 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0199.
ITC Properties Group Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$1.83B | 18.57 | 2.28% | 1.92% | 3.53% | -7.65% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | HK$9.43B | 14.73 | 1.75% | 1.30% | -3.68% | ― | |
60 Neutral | HK$2.74B | -4.75 | -27.80% | 14.56% | 20.94% | 37.07% | |
60 Neutral | HK$1.63B | 4.72 | 3.55% | 6.88% | -4.80% | 585.92% | |
53 Neutral | HK$14.83B | 13.12 | 2.68% | 3.66% | 5.29% | 15.06% | |
47 Neutral | HK$404.45M | -0.83 | -7.05% | 3.48% | 49.29% | 79.61% |
* Consumer Cyclical Sector Average
HK:0199
ITC Properties Group Limited
2.42
2.20
997.73%
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ITC Properties Group Limited Corporate Events
ITC Properties Relocates Bermuda Registered Office and Confirms Hong Kong Share Registrar
Aug 25, 2026
ITC Properties Group Limited has announced a change of its registered office address and principal share registrar and transfer office in Bermuda, effective 3 August 2026, relocating these functions to Richmond House on Par-la-Ville Road in Hamilt...
ITC Properties Revamps Board and Governance Structure After AGM
Aug 21, 2026
Shareholders of ITC Properties Group Limited approved all resolutions put to poll at the 21 August 2026 annual general meeting, except one withdrawn item related to the auditor, confirming the company’s general mandates and governance propos...
ITC Properties Updates Board and Committee Roles
Aug 21, 2026
ITC Properties Group Limited has released an updated list of its directors and clarified their respective roles and functions on the board. The announcement details the composition of executive and independent non-executive directors, reflecting t...
ITC Properties completes PYI Investment stake acquisition and exits ITC Finance
Aug 12, 2026
ITC Properties Group Limited has completed a previously announced transaction to acquire a 20% stake in PYI Investment Holdings, whose core assets include about 11 million square metres of land in Xiaoyangkou, Rudong County, Nantong City, Jiangsu....
ITC Properties Adds Independent Director Vote and Drops Auditor Reappointment at Virtual AGM
Aug 7, 2026
ITC Properties Group has issued a supplemental notice confirming that its annual general meeting will proceed as a virtual session on 21 August 2026, while adding a new resolution to appoint Ms. Kong Shanna as an independent non-executive director...
ITC Properties Details Valuation Uplift in PYI Investment Deal
Jul 31, 2026
ITC Properties has issued a supplemental announcement detailing the valuation basis for a previously disclosed acquisition of a 20% stake and associated loan interests in PYI Investment Holdings Limited via its subsidiary ITC Strategic Holding. Th...
ITC Properties Sets Virtual AGM to Approve Directors, Auditor and Share Issuance Mandate
Jul 28, 2026
ITC Properties Group Limited has convened its annual general meeting for 21 August 2026, to be held virtually via Vistra’s online platform, where shareholders will review the audited consolidated financial statements for the year ended 31 Ma...
ITC Properties Plans Rebrand to Reflect Pivot Toward AI and Neocloud
Jul 28, 2026
ITC Properties Group Limited plans to change its English name to ITC Neocloud Group Limited and adopt a new Chinese secondary name, alongside a new company logo, subject to shareholder approval at the upcoming annual general meeting. The rebrandin...
ITC Properties Plans 1GW Green AI Computing Hub at Yangkou Port
Jul 21, 2026
ITC Properties Group has signed a strategic cooperation memorandum with the Jiangsu Rudong Yangkou Port Economic Development Zone Management Committee to develop a large-scale green artificial intelligence computing center in the Yangkou Port area...
ITC Properties Strengthens Board With Appointment of Joint Chairman He Xuechu
Jul 15, 2026
ITC Properties Group Limited has appointed veteran corporate executive He Xuechu as executive director and joint chairman of the board, effective 15 July 2026. The board will now be jointly led by He and existing executive director Cheung Hon Kit,...
ITC Properties Outlines Board Composition and Governance Committee Roles
Jul 15, 2026
ITC Properties Group Limited has released an updated list of its directors and clarified their respective roles and functions on the board and key governance committees. The announcement details the allocation of responsibilities across audit, rem...
ITC Properties Uses AI Computing Services to Seed Data Centre Property Push
Jul 10, 2026
ITC Properties Group has provided an update on its first Computing Power Technical Services Contract, confirming that computing power resources, ancillary facilities and service orders have been delivered, accepted and in operation for more than a...
ITC Properties Names New Company Secretary as Governance Role Changes Hands
Jul 8, 2026
ITC Properties Group Limited has announced a change in its company secretary, with Ms. Chan Ching Yi resigning from the role effective 8 July 2026. The board noted that Ms. Chan has no disagreement with directors and that there are no issues arisi...
ITC Properties Shifts Capital Into Geothermal-Backed China Property Stake
Jul 2, 2026
ITC Properties Group Limited, via wholly owned subsidiaries ITC Strategic Holding and ITC Property Management, is deepening its exposure to mainland Chinese real estate and infrastructure through an associated stake in PYI Investment. The Jiangsu ...
ITC Properties Narrows Annual Loss as Property Valuations Slide
Jun 29, 2026
ITC Properties Group reported a modest 3.8% rise in revenue to HK$413.4 million for the year ended 31 March 2026, driven by sales of certain stock of properties and the absence of impairment losses that had previously weighed on results. The Group...
ITC Properties flags narrower annual loss as it trims debt and pivots toward AI infrastructure
Jun 22, 2026
ITC Properties Group Limited expects to narrow its net loss attributable to shareholders to not more than HK$550 million for the year ended 31 March 2026, from about HK$813 million a year earlier, despite continued weakness in the commercial prope...
ITC Properties Sets June Board Meeting to Approve Annual Results and Mull Dividend
Jun 15, 2026
ITC Properties Group Limited has scheduled a board meeting for 29 June 2026 to approve the annual results for the year ended 31 March 2026. The board will also consider the declaration of an interim dividend, a decision that could affect sharehold...
ITC Properties Strikes AI Infrastructure Partnership with China Unicom Hong Kong
Jun 4, 2026
ITC Properties Group has signed a memorandum of understanding between its wholly owned subsidiary and China Unicom (Hong Kong) Operations Limited to pursue comprehensive cooperation in AI computing power infrastructure and related services in Hong...
ITC Properties Strikes First AI Computing Power Contract as It Repositions Portfolio
May 28, 2026
ITC Properties Group Limited has begun integrating artificial intelligence computing power infrastructure into its traditional asset platform, aiming to build strategic synergies and optimise its portfolio. The move signals a shift toward high-end...
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.