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Pacific Century Premium Developments Limited
(0432)
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Rating:44Neutral
Price Target:
HK$0.19
▼(-32.50% Downside)
Action:Reiterated
Date:08/06/26
The score is primarily held down by weak financial foundations—negative equity with high debt and a return to cash burn—despite some operational improvement. Technical indicators are broadly neutral and do not add strong support, while valuation is constrained by ongoing losses (negative P/E) and no dividend data.
Positive Factors
Operating improvement
The return to positive operating earnings in 2025 indicates that the core business improved beyond simply generating sales. If maintained, better operating performance can support reinvestment, strengthen project economics, and provide a firmer base for future profitability.
Negative Factors
High leverage and negative equity
High debt alongside negative shareholders’ equity materially reduces financial flexibility. It can constrain new investment, increase refinancing exposure, and leave the company less able to absorb weaker property conditions or fund development without additional financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating improvement
The return to positive operating earnings in 2025 indicates that the core business improved beyond simply generating sales. If maintained, better operating performance can support reinvestment, strengthen project economics, and provide a firmer base for future profitability.
Read all positive factors
Pacific Century Premium Developments Limited (0432) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$397.46M
Dividend Yield85.37%
Average Volume (3M)195.66K
Price to Earnings (P/E)0.3
Beta (1Y)0.39
Revenue Growth-17.31%
EPS Growth97.25%
CountryHK
Employees1,466
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.78
Shares Outstanding2,038,236,700
10 Day Avg. Volume243,165
30 Day Avg. Volume195,657
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)-1.51
Price to Sales (P/S)0.14
P/FCF Ratio-0.36
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
Pacific Century Premium Developments Limited Business Overview & Revenue Model
Company Description
Based in Hong Kong, Pacific Century Premium Developments Limited and its associated companies are primarily engaged in the development and management of property and infrastructure ventures across the Asia-Pacific. The firm also strategically inve...
How the Company Makes Money
The company makes money primarily through (1) property development income and (2) recurring income from investment properties and hospitality operations.
1) Property development income: The company develops premium real estate projects and genera...
Pacific Century Premium Developments Limited Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
18
Very Negative
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 903.00M | 1.05B | 901.00M | 822.00M | 561.00M | 467.00M |
| Gross Profit | 597.00M | 738.00M | 620.00M | 547.00M | 137.00M | 97.00M |
| EBITDA | 180.00M | 291.00M | 281.00M | 105.00M | -6.00M | -141.00M |
| Net Income | 1.47B | -69.00M | -230.00M | -466.00M | -598.00M | -825.00M |
Balance Sheet | ||||||
| Total Assets | 14.95B | 11.35B | 10.87B | 11.03B | 11.29B | 15.05B |
| Cash, Cash Equivalents and Short-Term Investments | 3.23B | 725.00M | 659.00M | 865.00M | 1.34B | 3.58B |
| Total Debt | 7.65B | 9.24B | 9.89B | 9.48B | 9.01B | 11.37B |
| Total Liabilities | 12.01B | 11.31B | 10.80B | 10.34B | 10.08B | 12.50B |
| Stockholders Equity | 2.81B | -97.00M | -67.00M | 549.00M | 1.08B | 2.41B |
Cash Flow | ||||||
| Free Cash Flow | 1.47B | -406.00M | -145.00M | 171.00M | 45.00M | -656.00M |
| Operating Cash Flow | 1.52B | -359.00M | -75.00M | 245.00M | 101.00M | -394.00M |
| Investing Cash Flow | 3.71B | -51.00M | -73.00M | 16.00M | 1.80B | -2.20B |
| Financing Cash Flow | -3.64B | 422.00M | -79.00M | 9.00M | -2.76B | 2.95B |
Pacific Century Premium Developments Limited Technical Analysis
Negative
0.28
Price Trends
0.21
Negative
0.22
Negative
0.24
Negative
Market Momentum
>-0.01
Positive
38.00
Neutral
32.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0432, the sentiment is Negative. The current price of 0.28 is above the 20-day moving average (MA) of 0.20, above the 50-day MA of 0.21, and above the 200-day MA of 0.24, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 38.00 is Neutral, neither overbought nor oversold. The STOCH value of 32.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0432.
Pacific Century Premium Developments Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | HK$6.77B | 9.89 | 3.22% | 5.41% | -10.82% | -1.24% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | HK$680.88M | 13.02 | 0.71% | 3.28% | -7.15% | ― | |
55 Neutral | HK$558.61M | -13.70 | -0.94% | 7.10% | -0.96% | 91.94% | |
51 Neutral | HK$526.44M | -91.50 | -0.09% | 4.37% | -2.16% | 98.09% | |
48 Neutral | HK$1.26B | -4.57 | -0.65% | 1.39% | -6.07% | -146.27% | |
44 Neutral | HK$397.46M | 0.25 | 108.51% | 85.37% | -17.31% | 97.25% |
* Real Estate Sector Average
HK:0432
Pacific Century Premium Developments Limited
0.20
>-0.01
-2.50%
HK:0071
Miramar Hotel & Investment Co
9.80
0.54
5.80%
HK:0410
SOHO China
0.24
-0.31
-56.00%
HK:0224
Pioneer Global Group Limited
0.59
0.03
5.36%
HK:0225
Pokfulam Development Co. Ltd.
5.07
-0.43
-7.89%
HK:0089
Tai Sang Land Development Limited
1.83
-0.39
-17.42%
Pacific Century Premium Developments Limited Corporate Events
PCPD Adds Former Starhill Global REIT Chief Ho Sing to Board as Independent Director
Oct 30, 2026
Pacific Century Premium Developments Limited has appointed veteran real estate executive Ho Sing as an independent non-executive director, effective 30 October 2026. Ho brings more than three decades of leadership experience across engineering, in...
PCPD Details Board Composition and Committee Structure
Oct 30, 2026
Pacific Century Premium Developments Limited has outlined the composition of its board of directors, detailing the roles of executive, non-executive and independent non-executive members. The structure includes a deputy chairman and group managing...
Pacific Century Premium Developments Updates Bermuda Registered Office Address
Jul 31, 2026
Pacific Century Premium Developments Limited, a Bermuda-incorporated property development company listed in Hong Kong, operates through a regional investor services network centred on Hong Kong for share and convertible note administration. Its go...
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.