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Pokfulam Development Co. Ltd. (HK:0225)
:0225
Hong Kong Market
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Pokfulam Development Co. Ltd. (0225) AI Stock Analysis

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HK:0225

Pokfulam Development Co. Ltd.

(0225)

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Neutral 55 (OpenAI - 5.2)
Rating:55Neutral
Price Target:
HK$5.50
▼(-4.35% Downside)
Action:Reiterated
Date:08/04/26
The score is primarily weighed down by weak financial performance driven by substantial net losses and negative ROE, despite low leverage and positive operating margins. Technical indicators are mildly supportive (positive MACD and price above shorter-term averages), and valuation is mixed—boosted by a high dividend yield but constrained by a loss-making negative P/E.
Positive Factors
Recurring rental income
A portfolio focused on leasing and car-parking yields stable, recurring cash inflows that are less cyclical than development revenue. Over 2–6 months this supports predictable operating cash, helps cover fixed costs, and underpins distribution capacity and long-term portfolio value retention.
Negative Factors
Net losses and negative ROE
Deep net losses and negative return on equity indicate the company is destroying shareholder value despite operating margins. If sustained, losses will erode equity, limit retained earnings and constrain capacity for dividends or reinvestment, posing a lasting governance and capital allocation risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring rental income
A portfolio focused on leasing and car-parking yields stable, recurring cash inflows that are less cyclical than development revenue. Over 2–6 months this supports predictable operating cash, helps cover fixed costs, and underpins distribution capacity and long-term portfolio value retention.
Read all positive factors

Pokfulam Development Co. Ltd. (0225) vs. iShares MSCI Hong Kong ETF (EWH)

Pokfulam Development Co. Ltd. Business Overview & Revenue Model

Company Description
Pokfulam Development Company Limited, an investment holding company, invests in, develops, and manages real estate properties in Hong Kong. The company operates through Property Investment and Management, Trading of Goods, and Securities Investmen...
How the Company Makes Money
The company primarily makes money by generating recurring rental and related income from its investment property portfolio. A key revenue stream is leasing/letting income from owned premises and facilities, and management of car parking assets whe...

Pokfulam Development Co. Ltd. Financial Statement Overview

Summary
Mixed fundamentals: revenue grew 6.5% and gross margin improved to 66.14% with positive EBIT/EBITDA margins (~42%), but profitability is a major weakness with a deeply negative net profit margin (-115.09%) and negative ROE (-4.93%). Balance sheet leverage is low (debt-to-equity 0.09), while cash flow trends are challenged (FCF growth -22.9%) despite strong FCF-to-net income conversion (97.40%).
Income Statement
45
Neutral
Balance Sheet
60
Neutral
Cash Flow
50
Neutral
BreakdownTTMSep 2025Sep 2024Sep 2023Sep 2022Sep 2021
Income Statement
Total Revenue182.83M187.39M183.01M193.55M163.55M169.48M
Gross Profit124.03M122.65M67.84M66.36M50.34M150.46M
EBITDA97.19M79.79M-563.07M-153.60M78.08M64.02M
Net Income-41.07M-215.67M-597.10M-181.78M14.79M137.12M
Balance Sheet
Total Assets5.01B4.89B5.12B5.75B5.91B5.70B
Cash, Cash Equivalents and Short-Term Investments186.78M137.58M138.32M140.08M64.02M121.00M
Total Debt506.40M396.63M374.05M384.44M313.96M65.00M
Total Liabilities627.63M514.09M493.72M498.82M428.54M181.52M
Stockholders Equity4.38B4.37B4.62B5.25B5.48B5.52B
Cash Flow
Free Cash Flow19.84M56.61M69.39M68.60M47.86M39.48M
Operating Cash Flow21.73M58.12M71.89M74.82M48.28M44.65M
Investing Cash Flow-4.53M-27.81M-20.32M-51.65M-298.70M-66.80M
Financing Cash Flow50.91M-17.08M-74.62M10.39M201.88M-33.28M

Pokfulam Development Co. Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price5.75
Price Trends
50DMA
5.29
Negative
100DMA
5.30
Negative
200DMA
5.46
Negative
Market Momentum
MACD
-0.06
Positive
RSI
29.77
Positive
STOCH
3.25
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0225, the sentiment is Negative. The current price of 5.75 is above the 20-day moving average (MA) of 5.27, above the 50-day MA of 5.29, and above the 200-day MA of 5.46, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 29.77 is Positive, neither overbought nor oversold. The STOCH value of 3.25 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0225.

Pokfulam Development Co. Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
65
Neutral
$2.17B12.193.79%4.94%3.15%1.96%
64
Neutral
HK$663.57M13.020.71%3.48%-7.15%
55
Neutral
HK$561.91M-13.78-0.94%7.06%-0.96%91.94%
53
Neutral
HK$552.33M-96.00-0.09%4.17%-2.16%98.09%
52
Neutral
HK$314.94M-11.82-1.04%1.48%-1.19%51.58%
47
Neutral
HK$449.10M9.196.28%59.63%
39
Underperform
HK$60.24M-0.40-58.30%2.94%-19.86%53.44%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0225
Pokfulam Development Co. Ltd.
5.10
-0.08
-1.47%
HK:0519
Applied Development Holdings
0.15
0.03
22.50%
HK:0224
Pioneer Global Group Limited
0.58
-0.03
-4.17%
HK:0277
Tern Properties Co. Ltd.
1.14
-0.52
-31.36%
HK:0089
Tai Sang Land Development Limited
1.92
0.02
1.05%
HK:0864
Wing Lee Property Investments Ltd.
0.16
-0.01
-6.59%

Pokfulam Development Co. Ltd. Corporate Events

Pokfulam Development Announces Release Schedule for 2025/2026 Interim Results
May 29, 2026
Pokfulam Development Company Limited has released its unaudited interim financial results for the six months ended 31 March 2026, fulfilling disclosure requirements for listed issuers in Hong Kong. The full 2025/2026 interim report will be distrib...
Pokfulam Development Declares HK$0.04 Interim Dividend for First Half of 2026
May 29, 2026
Pokfulam Development Company Limited has declared an interim ordinary cash dividend of HKD 0.04 per share for the six months ended 31 March 2026, for the financial year ending 30 September 2026. The ex-dividend date is set for 12 June 2026, with t...
Pokfulam Development Sets Board Meeting to Review Interim Results and Dividend
May 18, 2026
Pokfulam Development Company Limited has scheduled a board meeting at its registered office on 29 May 2026 to review the unaudited condensed consolidated interim financial results for the six months ended 31 March 2026. The board will also conside...
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: Aug 04, 2026