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Gemdale Properties & Investment
(0535)
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Rating:43Neutral
Price Target:
HK$0.08
â–¼(-52.50% Downside)
Action:Reiterated
Date:08/06/26
The score is primarily driven by weak financial performance, with shrinking revenue and large losses in 2024–2025, alongside only tentative cash-flow stabilization. Technicals add downside pressure as price remains below key moving averages with negative MACD. Valuation is also constrained by the negative P/E (loss-making), with no dividend yield data to offset risk.
Positive Factors
Historical earnings capacity
The company’s earlier strong earnings show that its property platform has previously converted development and investment activities into meaningful profits. This historical capacity may support recovery potential if project monetization improves, although recent performance indicates that the earnings model is currently under pressure.
Negative Factors
Sharp revenue and profit deterioration
The combination of sharply lower revenue and two consecutive years of large losses points to materially weaker project monetization, pricing, or deliveries. Persistent deterioration reduces internal funding capacity, weakens returns on the property platform, and makes a durable earnings recovery more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Historical earnings capacity
The company’s earlier strong earnings show that its property platform has previously converted development and investment activities into meaningful profits. This historical capacity may support recovery potential if project monetization improves, although recent performance indicates that the earnings model is currently under pressure.
Read all positive factors
Gemdale Properties & Investment (0535) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.33B
Dividend Yield0.49%
Average Volume (3M)1.60M
Price to Earnings (P/E)―
Beta (1Y)0.39
Revenue Growth-78.20%
EPS Growth-6.15%
CountryHK
Employees2,004
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.21
Shares Outstanding16,613,688,000
10 Day Avg. Volume1,831,603
30 Day Avg. Volume1,596,697
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.16
Price to Sales (P/S)0.27
P/FCF Ratio58.30
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
Gemdale Properties & Investment Business Overview & Revenue Model
Company Description
Operating as an investment holding company, Gemdale Properties and Investment Corporation Limited engages in real estate investment, development, and management across Mainland China. Its operations are structured into three key segments: Property...
How the Company Makes Money
The company primarily makes money through (1) property development and sales, where revenue is recognized from the sale of developed properties to customers (typically residential and/or commercial units) and profit is driven by the spread between...
Gemdale Properties & Investment Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
46
Neutral
Cash Flow
39
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.42B | 8.63B | 13.20B | 17.45B | 10.30B | 14.18B |
| Gross Profit | 210.31M | 742.03M | 2.43B | 3.61B | 209.48M | 930.09M |
| EBITDA | -2.60B | -2.30B | 63.55M | 3.19B | 57.24M | 824.24M |
| Net Income | -3.46B | -3.32B | -4.57B | 342.72M | 2.32B | 4.01B |
Balance Sheet | ||||||
| Total Assets | 62.51B | 62.71B | 75.99B | 91.10B | 85.99B | 77.08B |
| Cash, Cash Equivalents and Short-Term Investments | 1.81B | 2.25B | 1.82B | 2.45B | 6.05B | 8.77B |
| Total Debt | 10.75B | 11.58B | 12.13B | 12.39B | 7.03B | 6.19B |
| Total Liabilities | 46.23B | 45.00B | 54.93B | 64.75B | 59.01B | 52.49B |
| Stockholders Equity | 13.64B | 14.42B | 17.70B | 22.48B | 22.39B | 21.74B |
Cash Flow | ||||||
| Free Cash Flow | 69.22M | 39.67M | -189.45M | 1.67B | 2.09B | 71.07M |
| Operating Cash Flow | 88.75M | 56.94M | -153.51M | 1.77B | 2.14B | 128.59M |
| Investing Cash Flow | -123.06M | 88.60M | 3.90B | 1.15B | -5.63B | 1.41B |
| Financing Cash Flow | -405.88M | -729.92M | -4.38B | -6.55B | 762.08M | 82.30M |
Gemdale Properties & Investment Technical Analysis
Negative
0.16
Price Trends
0.10
Negative
0.10
Negative
0.12
Negative
Market Momentum
>-0.01
Positive
33.49
Neutral
15.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0535, the sentiment is Negative. The current price of 0.16 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.10, and above the 200-day MA of 0.12, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 33.49 is Neutral, neither overbought nor oversold. The STOCH value of 15.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0535.
Gemdale Properties & Investment Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$315.57B | 14.72 | 3.41% | 3.47% | 17.33% | 11.15% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | HK$217.21B | 7.88 | 8.04% | 4.40% | -11.74% | -11.38% | |
51 Neutral | HK$138.89B | 10.66 | 2.82% | 3.78% | 4.14% | -16.76% | |
47 Neutral | HK$31.39B | -96.20 | -0.14% | 4.16% | -41.83% | -102.04% | |
44 Neutral | HK$41.32B | -0.45 | -79.94% | 7.60% | -35.13% | -45.10% | |
43 Neutral | HK$1.33B | -0.33 | -24.69% | 0.49% | -78.20% | -6.15% |
* Real Estate Sector Average
HK:0535
Gemdale Properties & Investment
0.08
-0.10
-55.56%
HK:2202
China Vanke Co
2.16
-2.25
-51.02%
HK:0688
China Overseas Land & Investment
12.69
0.05
0.44%
HK:1109
China Resources Land
30.46
3.10
11.33%
HK:0960
Longfor Group Holdings
4.54
-5.07
-52.79%
HK:0016
Sun Hung Kai Properties
108.90
15.78
16.94%
Gemdale Properties & Investment Corporate Events
Gemdale Properties & Investment Posts RMB 4.8 Billion in Unaudited Sales for First Nine Months of 2026
Oct 9, 2026
Gemdale Properties and Investment Corporation Limited, a Bermuda-incorporated real estate developer listed in Hong Kong, focuses on commercial and residential property projects across mainland China. The company’s financial health is closely...
Gemdale Properties Posts RMB 4.4 Billion in Unaudited Contracted Sales for First Eight Months of 2026
Sep 3, 2026
Gemdale Properties and Investment reported unaudited contracted sales of about RMB 425 million in August 2026, covering approximately 34,700 square meters at an average selling price of RMB 12,200 per square meter. For the first eight months of 20...
Gemdale Properties & Investment Posts Deeper Interim Loss on Revenue Slump
Aug 25, 2026
Gemdale Properties and Investment reported a sharp deterioration in its unaudited interim results for the six months to 30 June 2026, as revenue plunged 83% year-on-year to RMB1.12 billion and gross profit fell 57%. The group’s loss after ta...
Gemdale Properties and Investment Sets Board Meeting to Approve 2026 Interim Results
Aug 13, 2026
Gemdale Properties and Investment Corporation Limited has scheduled a board meeting for 25 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026. The meeting will also address any other business, sig...
Gemdale Properties & Investment posts RMB 3.98 billion in unaudited sales for first seven months of 2026
Aug 6, 2026
Gemdale Properties and Investment reported unaudited contracted sales of approximately RMB 392 million in July 2026, based on a contracted sales area of about 31,600 square meters and an average selling price of roughly RMB 12,400 per square meter...
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.