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Lai Sun Development Co
(0488)
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Rating:42Neutral
Price Target:
HK$0.62
â–¼(-6.87% Downside)
Action:Reiterated
Date:08/19/26
The score is driven primarily by weak financial performance, marked by declining revenue, persistent losses, and deteriorating free cash flow, with leverage adding balance-sheet risk. Technicals also weigh on the score as the stock trades below key moving averages and momentum signals are mildly negative. Valuation is difficult to support with a negative P/E and no dividend yield data provided.
Positive Factors
Diversified property and hospitality business model
Exposure to property development, investment properties, and hotel operations provides multiple operating channels. This diversification can reduce reliance on any single asset type and support recovery potential across different property and hospitality cycles.
Negative Factors
Declining revenue trend
Revenue contraction indicates weaker demand, project delivery, or asset monetization and reduces the scale available to absorb fixed property and hospitality costs. Sustained weakness could constrain earnings recovery and limit internally generated investment capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified property and hospitality business model
Exposure to property development, investment properties, and hotel operations provides multiple operating channels. This diversification can reduce reliance on any single asset type and support recovery potential across different property and hospitality cycles.
Read all positive factors
Lai Sun Development Co (0488) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.02B
Dividend Yield1.04%
Average Volume (3M)63.06K
Price to Earnings (P/E)―
Beta (1Y)0.83
Revenue Growth-11.80%
EPS Growth-102.27%
CountryHK
Employees3,600
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)-2.70
Shares Outstanding1,453,328,900
10 Day Avg. Volume57,103
30 Day Avg. Volume63,064
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.05
Price to Sales (P/S)0.22
P/FCF Ratio6.12
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
Lai Sun Development Co Business Overview & Revenue Model
Company Description
Lai Sun Development Company Limited is a diversified conglomerate, headquartered in Central, Hong Kong, and operating as a subsidiary of Lai Sun Garment (International) Limited. The company's core business involves the investment, development, lea...
How the Company Makes Money
Lai Sun Development makes money mainly through (1) property development: generating revenue and profit from the sale of developed residential or commercial properties (recognizing income when units/projects are sold and delivered under applicable ...
Lai Sun Development Co Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
45
Neutral
Cash Flow
30
Negative
| Breakdown | TTM | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.93B | 4.90B | 6.00B | 5.21B | 5.34B | 6.20B |
| Gross Profit | 877.12M | 990.18M | 1.53B | 328.95M | 968.81M | 701.88M |
| EBITDA | -228.43M | -1.47B | -1.69B | -434.59M | 398.01M | -593.18M |
| Net Income | -3.92B | -2.87B | -3.67B | -2.97B | -1.97B | -2.09B |
Balance Sheet | ||||||
| Total Assets | 63.75B | 64.23B | 67.42B | 73.97B | 80.90B | 83.04B |
| Cash, Cash Equivalents and Short-Term Investments | 4.29B | 3.19B | 2.88B | 5.01B | 7.62B | 10.74B |
| Total Debt | 26.51B | 26.12B | 26.20B | 27.01B | 29.09B | 28.17B |
| Total Liabilities | 35.13B | 34.84B | 35.11B | 37.11B | 39.91B | 40.05B |
| Stockholders Equity | 22.31B | 23.12B | 25.81B | 29.78B | 32.79B | 34.15B |
Cash Flow | ||||||
| Free Cash Flow | 534.50M | 173.30M | -907.79M | -570.00M | -4.58B | 755.09M |
| Operating Cash Flow | 610.98M | 269.72M | -763.84M | -379.60M | -4.31B | 1.21B |
| Investing Cash Flow | -584.54M | 297.32M | 899.15M | 559.11M | -767.50M | -1.88B |
| Financing Cash Flow | 291.83M | -379.08M | -977.20M | -1.45B | 2.15B | 4.67B |
Lai Sun Development Co Technical Analysis
Neutral
0.67
Price Trends
0.71
Negative
0.78
Negative
0.70
Negative
Market Momentum
-0.01
Negative
50.62
Neutral
42.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0488, the sentiment is Neutral. The current price of 0.67 is below the 20-day moving average (MA) of 0.69, below the 50-day MA of 0.71, and below the 200-day MA of 0.70, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 50.62 is Neutral, neither overbought nor oversold. The STOCH value of 42.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0488.
Lai Sun Development Co Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$129.36B | 19.36 | 2.11% | 4.72% | 45.02% | 13.35% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | HK$17.13B | 12.10 | 1.41% | 6.84% | 9.19% | -0.21% | |
58 Neutral | HK$11.17B | -41.39 | -0.52% | 7.45% | 74.94% | 84.97% | |
42 Neutral | HK$1.02B | -0.26 | -17.27% | 1.04% | -11.80% | -102.27% | |
42 Neutral | HK$1.18B | -0.46 | -39.42% | 4.29% | 25.82% | -27.10% | |
40 Underperform | HK$16.97B | -1.27 | -6.66% | 23.72% | -68.23% | 29.26% |
* Real Estate Sector Average
HK:0488
Lai Sun Development Co
0.70
0.01
1.45%
HK:0041
Great Eagle Holdings
14.90
1.42
10.54%
HK:0012
Henderson Land Development Co
26.72
1.31
5.15%
HK:0010
Hang Lung Group
12.58
-0.92
-6.81%
HK:0017
New World Development
6.75
-1.76
-20.65%
HK:0978
China Merchants Land Limited
0.24
-0.06
-20.00%
Lai Sun Development Co Corporate Events
Lai Sun Development Outlines Plan to Restore Hong Kong Public Float Compliance
Aug 5, 2026
Lai Sun Development Company Limited, a Hong Kong-listed property and investment conglomerate, operates under the Stock Exchange’s regulatory framework that mandates a minimum public float. The company’s shareholding structure includes ...
Lai Sun Development Completes Consent Solicitation and Exchange Offer for 2026 Notes
Jul 29, 2026
Lai Sun Development Company Limited announced the successful settlement of its consent solicitation related to the 5.00 per cent guaranteed notes due 2026, confirming that all conditions were met, consent fees were paid and the proposed amendments...
Lai Sun Development Restructures 2026 Guaranteed Notes via Consent and Exchange Offer
Jul 10, 2026
Lai Sun Development Company Limited has announced the successful outcome of a consent solicitation for its 5.00 per cent guaranteed notes due 2026, issued by Lai Sun MTN Limited. Noteholders passed an Extraordinary Resolution, satisfying the eligi...
Lai Sun Development Warns of Ongoing Shortfall in Public Float
Jul 6, 2026
Lai Sun Development Company Limited, a Hong Kong-listed property and investment group and a key subsidiary of Lai Sun Garment (International) Limited, is navigating constraints from its controlling shareholder and market valuation. The companyR...
Lai Sun Development Wins Strong Noteholder Backing for 2026 Bond Amendments
Jun 30, 2026
Lai Sun Development Company Limited, acting as guarantor for Lai Sun MTN Limited, is involved in the issuance and guarantee of medium-term notes, including its 5.00 per cent guaranteed notes due 2026. These capital markets activities underpin the ...
Lai Sun Development Launches Exchange Offer to Ease Liquidity Pressures
Jun 14, 2026
Lai Sun Development Company Limited, through its financing vehicle Lai Sun MTN Limited, has issued 5.00 per cent guaranteed notes due 2026 and uses such instruments to support its funding needs in the property and investment sector. The group̵...
Lai Sun Development Updates Market on Continuing Public Float Shortfall
Jun 3, 2026
Lai Sun Development Company Limited has disclosed that its current public float stands at 19.60%, below the 25% minimum required under Hong Kong Stock Exchange Listing Rules. The company has been providing periodic updates since January 2026 as it...
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.