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Kerry Properties
(0683)
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Rating:59Neutral
Price Target:
HK$20.50
â–²(5.67% Upside)
Action:Reiterated
Date:08/06/26
The score is primarily driven by mid-range financial performance: a resilient balance sheet and a strong 2025 cash-flow rebound are offset by sharply weaker margins and low recent ROE. Technicals add mild support with positive near-term momentum but a still-weaker longer-term trend. Valuation is mixed—high dividend yield helps, but a high P/E reduces the overall attractiveness given recent profitability pressure.
Positive Factors
Balance-sheet resilience
Moderate leverage and a large equity base provide structural financial resilience for a developer. This reduces refinancing and liquidity risk across cycles, supports access to funding for new projects, and gives management flexibility to time asset sales or capital allocation over the next several quarters.
Negative Factors
Margin compression
A dramatic decline in net margin materially weakens the firm's earnings power and ability to self-fund growth. Persistently lower margins reduce retained earnings, constrain reinvestment in projects or assets, and increase sensitivity to revenue volatility and cost pressures over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet resilience
Moderate leverage and a large equity base provide structural financial resilience for a developer. This reduces refinancing and liquidity risk across cycles, supports access to funding for new projects, and gives management flexibility to time asset sales or capital allocation over the next several quarters.
Read all positive factors
Kerry Properties (0683) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$27.05B
Dividend Yield7.24%
Average Volume (3M)1.44M
Price to Earnings (P/E)25.2
Beta (1Y)0.70
Revenue Growth-21.69%
EPS Growth68.31%
CountryHK
Employees7,490
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.74
Shares Outstanding1,451,305,800
10 Day Avg. Volume1,867,538
30 Day Avg. Volume1,444,928
Financial Highlights & Ratios
PEG Ratio1.94
Price to Book (P/B)0.28
Price to Sales (P/S)1.45
P/FCF Ratio2.11
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$24.46Price Target Upside26.07% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)1.32
Revenue Forecast (FY)HK$13.78B
Kerry Properties Business Overview & Revenue Model
Company Description
Kerry Properties Limited, an investment holding company, engages in the development, investment, management, and trading of properties in Hong Kong, Mainland China, and the Asia Pacific region. The company owns and operates hotels; and provides in...
How the Company Makes Money
Kerry Properties primarily makes money through multiple real estate and hospitality income streams. (1) Property development sales: The company develops residential and commercial projects and recognizes revenue from the sale of completed properti...
Kerry Properties Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
63
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.79B | 20.29B | 19.50B | 13.09B | 14.59B | 15.33B |
| Gross Profit | 5.62B | 5.93B | 6.39B | 6.72B | 6.98B | 8.74B |
| EBITDA | 4.44B | 4.10B | 4.64B | 8.13B | 5.95B | 7.39B |
| Net Income | 1.06B | 938.00M | 808.00M | 3.24B | 2.75B | 10.36B |
Balance Sheet | ||||||
| Total Assets | 217.03B | 209.31B | 201.35B | 208.43B | 201.47B | 200.06B |
| Cash, Cash Equivalents and Short-Term Investments | 17.39B | 16.10B | 10.98B | 13.54B | 11.70B | 18.30B |
| Total Debt | 55.32B | 55.82B | 59.62B | 55.22B | 55.84B | 37.85B |
| Total Liabilities | 96.15B | 90.12B | 84.70B | 87.28B | 78.99B | 67.74B |
| Stockholders Equity | 106.59B | 105.27B | 103.31B | 107.26B | 108.79B | 116.83B |
Cash Flow | ||||||
| Free Cash Flow | 7.67B | 13.91B | -3.94B | -5.34M | -23.36B | 11.23B |
| Operating Cash Flow | 8.58B | 15.35B | 1.17B | 4.98B | 1.33B | 11.93B |
| Investing Cash Flow | -463.00M | -6.05B | -5.40B | -2.45B | -17.14B | 8.30B |
| Financing Cash Flow | -5.11B | -7.26B | 2.09B | -47.18M | 13.55B | -13.58B |
Kerry Properties Technical Analysis
Negative
19.40
Price Trends
19.00
Negative
20.17
Negative
20.75
Negative
Market Momentum
-0.18
Positive
41.99
Neutral
28.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0683, the sentiment is Negative. The current price of 19.4 is above the 20-day moving average (MA) of 19.04, above the 50-day MA of 19.00, and below the 200-day MA of 20.75, indicating a bearish trend. The MACD of -0.18 indicates Positive momentum. The RSI at 41.99 is Neutral, neither overbought nor oversold. The STOCH value of 28.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0683.
Kerry Properties Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$165.68B | 12.52 | 3.39% | 3.79% | 47.69% | 16.48% | |
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% | |
59 Neutral | HK$27.05B | 25.19 | 1.00% | 7.24% | -21.69% | 68.31% | |
41 Neutral | HK$58.46B | -132.57 | -0.30% | 2.06% | -0.74% | -741.18% |
* Real Estate Sector Average
HK:0683
Kerry Properties
18.65
-0.70
-3.64%
HK:0688
China Overseas Land & Investment
12.91
-1.03
-7.36%
HK:1113
CK Asset Holdings
46.92
10.80
29.90%
HK:1109
China Resources Land
29.88
-1.42
-4.53%
HK:0016
Sun Hung Kai Properties
119.20
29.02
32.18%
HK:0004
Wharf (Holdings)
19.05
-4.05
-17.53%
Kerry Properties Corporate Events
Kerry Properties Secures Shanghai Pudong Site for Large-Scale Commercial and Cultural Project
Jul 30, 2026
Kerry Properties, via its indirect wholly owned subsidiary ShengYao, has formed a consortium with HengJiu to secure land use rights for a major development site in Shanghai’s Pudong New District. The consortium successfully won a government ...
Kerry Properties Wins Strong Shareholder Backing at 2026 AGM
May 22, 2026
Kerry Properties reported that all resolutions at its 22 May 2026 annual general meeting were approved by shareholders through poll voting, with all directors attending in person. Investors endorsed the 2025 audited financial statements, a final d...
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.