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Gemdale Properties & Investment
(0535)
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Rating:43Neutral
Price Target:
HK$0.09
â–¼(-42.50% 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
Balance-sheet buffer
Sizable equity versus total assets provides a durable solvency buffer through real-estate cycles. It lowers immediate insolvency risk, supports creditor confidence and refinancing options, and gives the company more time to restructure operations or monetize assets without imminent capital destruction.
Negative Factors
Sustained losses and revenue contraction
Two years of sizable losses with meaningful revenue decline signal structural pressure on project monetization and demand. Persistent negative margins erode retained capital, restrict reinvestment in projects, and increase the likelihood of asset impairments or delayed deliveries over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet buffer
Sizable equity versus total assets provides a durable solvency buffer through real-estate cycles. It lowers immediate insolvency risk, supports creditor confidence and refinancing options, and gives the company more time to restructure operations or monetize assets without imminent capital destruction.
Read all positive factors
Gemdale Properties & Investment (0535) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.68B
Dividend Yield0.49%
Average Volume (3M)2.15M
Price to Earnings (P/E)―
Beta (1Y)1.07
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. Volume1,526,700
30 Day Avg. Volume2,151,382
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
null...
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 | 49.80M | 3.19B | 40.89M | 792.80M |
| 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 | 115.58M | 39.67M | -189.45M | 1.67B | 2.09B | 71.07M |
| Operating Cash Flow | 127.92M | 56.94M | -153.51M | 1.77B | 2.14B | 128.59M |
| Investing Cash Flow | -274.76M | 88.60M | 3.90B | 1.15B | -5.63B | 1.41B |
| Financing Cash Flow | 135.43M | -729.92M | -4.38B | -6.55B | 762.08M | 82.30M |
Gemdale Properties & Investment Technical Analysis
Neutral
0.16
Price Trends
0.10
Positive
0.11
Negative
0.14
Negative
Market Momentum
<0.01
Negative
51.41
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0535, the sentiment is Neutral. The current price of 0.16 is above the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.10, and above the 200-day MA of 0.14, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.41 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$217.49B | 7.96 | 8.04% | 4.45% | -10.40% | -11.38% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | HK$144.14B | 11.17 | 2.82% | 3.87% | 3.89% | -16.76% | |
62 Neutral | HK$346.28B | 15.72 | 3.55% | 3.17% | 4.66% | 26.27% | |
44 Neutral | HK$43.78B | -135.39 | -0.16% | 3.14% | -41.83% | -102.04% | |
43 Neutral | HK$1.68B | -0.42 | -24.69% | 0.49% | -78.20% | -6.15% | |
39 Underperform | HK$42.33B | -0.42 | -61.59% | 7.60% | -34.04% | -80.30% |
* Real Estate Sector Average
HK:0535
Gemdale Properties & Investment
0.10
-0.13
-56.09%
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China Vanke Co
2.39
-3.11
-56.55%
HK:0688
China Overseas Land & Investment
12.91
-1.03
-7.36%
HK:1109
China Resources Land
29.88
-1.42
-4.53%
HK:0960
Longfor Group Holdings
6.02
-5.09
-45.83%
HK:0016
Sun Hung Kai Properties
119.20
29.02
32.18%
Gemdale Properties & Investment Corporate Events
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...
Gemdale Properties Posts RMB 3.6 Billion in Unaudited First-Half Contracted Sales
Jul 7, 2026
Gemdale Properties and Investment Corporation Limited is a Bermuda-incorporated real estate developer and investment company listed in Hong Kong, concentrating on commercial and residential projects in mainland China. It derives most of its revenu...
Gemdale Properties & Investment Reshapes Top Leadership After AGM Approvals
Jun 29, 2026
Gemdale Properties and Investment Corporation Limited announced that all resolutions put to shareholders at its 29 June 2026 annual general meeting were approved by poll, including the adoption of 2025 financial statements, re-election of director...
Gemdale Properties & Investment Updates Board and Committee Structure
Jun 29, 2026
Gemdale Properties Investment Corporation Limited has updated its board composition effective 30 June 2026, confirming a structure that includes four executive directors, two non-executive directors and three independent non-executive directors. ...
Gemdale Properties & Investment Clarifies Rationale for Auditor Change
Jun 12, 2026
Gemdale Properties and Investment Corporation Limited has provided additional details on its planned change of auditor ahead of its annual general meeting on 29 June 2026, when current auditor EY will retire at the end of its term. The board state...
Gemdale Properties Posts RMB 665 Million in May 2026 Contracted Sales
Jun 4, 2026
Gemdale Properties and Investment Corporation Limited reported unaudited contracted sales of about RMB 665 million for May 2026, representing approximately 51,500 square meters sold at an average price of roughly RMB 12,900 per square meter. From ...
Gemdale Properties & Investment Sets 2026 AGM With Share Buyback and Issuance Mandates
Jun 3, 2026
Gemdale Properties and Investment Corporation Limited has convened its next annual general meeting for 29 June 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 31 December 2025 and consider re-e...
Gemdale Properties Chairman to Retire in Planned Leadership Transition
May 29, 2026
Gemdale Properties and Investment Corporation Limited announced that executive director Mr. Huang Juncan will retire by rotation at the annual general meeting scheduled for 29 June 2026, as he has decided not to seek re-election in order to devote...
Gemdale Properties & Investment to Switch Auditor from EY to Crowe
May 29, 2026
Gemdale Properties and Investment Corporation Limited has announced that Ernst Young will retire as its auditor after the annual general meeting scheduled for 29 June 2026, ending a 20‑year engagement. The board and audit committee stated t...
Gemdale Properties & Investment to Forfeit Unclaimed 2019 Final Dividend After Six Years
May 7, 2026
Gemdale Properties and Investment Corporation Limited has announced that, under its Bye-laws, any dividend remaining unclaimed for six years from the declaration date will be forfeited and revert to the company. This rule applies to the 2019 final...
Gemdale Properties & Investment Overhauls Bye-Laws for Digital and USM Regimes
May 7, 2026
Gemdale Properties and Investment Corporation Limited plans to amend its existing bye-laws and adopt a new set of bye-laws to align with the latest regulatory requirements of the Hong Kong Listing Rules. The changes will support hybrid general mee...
Gemdale Properties and Investment Posts RMB 1.48 Billion in April Contracted Sales
May 6, 2026
Gemdale Properties and Investment reported unaudited contracted sales of about RMB 1.479 billion in April 2026, with a contracted sales area of approximately 117,600 square meters and an average selling price of around RMB 12,600 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.