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Midland Holdings Limited
(1200)
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Rating:67Neutral
Price Target:
HK$2.00
â–¼(-5.21% Downside)
Action:Downgraded
Date:09/10/26
The score is driven by strong valuation (very low P/E and solid dividend yield) and improving financial performance (profitability and leverage). These positives are tempered by weak technicals, with the stock trading below major moving averages and negative momentum indicators.
Positive Factors
Improved Profitability
The return to healthy gross and net margins after loss-making years indicates a materially stronger earnings base. If maintained, improved profitability can support reinvestment, shareholder returns, and resilience across the next several quarters.
Negative Factors
Revenue Volatility
The sharp revenue decline shows that Midland’s transaction-linked business can experience substantial swings in activity. Such instability makes earnings less predictable and can quickly weaken operating leverage when property sales or leasing volumes decline.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Profitability
The return to healthy gross and net margins after loss-making years indicates a materially stronger earnings base. If maintained, improved profitability can support reinvestment, shareholder returns, and resilience across the next several quarters.
Read all positive factors
Midland Holdings Limited (1200) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.29B
Dividend Yield3.33%
Average Volume (3M)1.57M
Price to Earnings (P/E)2.3
Beta (1Y)1.49
Revenue Growth23.97%
EPS Growth85.96%
CountryHK
Employees4,956
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.77
Shares Outstanding716,896,000
10 Day Avg. Volume1,915,000
30 Day Avg. Volume1,569,584
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)1.18
Price to Sales (P/S)0.30
P/FCF Ratio3.04
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$2.86Price Target Upside35.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.71
Revenue Forecast (FY)HK$5.40B
Midland Holdings Limited Business Overview & Revenue Model
Company Description
Midland Holdings Limited functions as an investment holding firm with a core business centered on real estate brokerage throughout Hong Kong, Macau, and mainland China. The company's services extend to both residential properties and various non-r...
How the Company Makes Money
Midland Holdings Limited primarily makes money by earning commissions and service income from acting as an intermediary in property transactions. The company’s key revenue streams typically include: (1) Brokerage commissions from secondary-market ...
Midland Holdings Limited Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
74
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.00B | 5.50B | 6.09B | 4.08B | 3.12B | 6.00B |
| Gross Profit | 887.61M | 5.50B | 6.09B | 4.08B | -285.16M | 555.17M |
| EBITDA | 810.33M | 528.27M | 447.13M | 475.82M | 78.78M | 779.78M |
| Net Income | 553.38M | 422.68M | 320.32M | -41.92M | -533.97M | 100.21M |
Balance Sheet | ||||||
| Total Assets | 5.10B | 4.70B | 4.71B | 3.57B | 3.83B | 6.35B |
| Cash, Cash Equivalents and Short-Term Investments | 1.28B | 999.46M | 711.13M | 532.15M | 450.67M | 1.51B |
| Total Debt | 266.61M | 299.34M | 222.74M | 456.84M | 768.26M | 1.53B |
| Total Liabilities | 3.48B | 3.30B | 3.71B | 2.91B | 3.14B | 5.17B |
| Stockholders Equity | 1.62B | 1.40B | 993.71M | 657.19M | 684.25M | 1.19B |
Cash Flow | ||||||
| Free Cash Flow | 401.52M | 543.61M | 636.20M | 523.21M | 45.98M | 702.35M |
| Operating Cash Flow | 405.70M | 552.52M | 644.60M | 543.60M | 103.32M | 767.69M |
| Investing Cash Flow | -3.90M | -8.48M | -2.51M | 54.66M | -53.99M | -60.34M |
| Financing Cash Flow | -124.63M | -256.20M | -462.30M | -512.50M | -1.10B | -142.25M |
Midland Holdings Limited Technical Analysis
Negative
2.11
Price Trends
2.16
Negative
2.38
Negative
2.49
Negative
Market Momentum
-0.09
Positive
30.45
Neutral
8.68
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1200, the sentiment is Negative. The current price of 2.11 is above the 20-day moving average (MA) of 2.06, below the 50-day MA of 2.16, and below the 200-day MA of 2.49, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 30.45 is Neutral, neither overbought nor oversold. The STOCH value of 8.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1200.
Midland Holdings Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$3.75B | 8.32 | 19.11% | 5.63% | 24.03% | 12.10% | |
75 Outperform | HK$13.29B | 11.62 | 12.12% | 3.80% | 12.73% | 28.42% | |
69 Neutral | HK$150.35B | 26.49 | 6.99% | 1.62% | -10.92% | 31.27% | |
69 Neutral | HK$23.22B | 27.93 | 4.63% | 7.55% | 7.57% | -37.37% | |
67 Neutral | HK$1.29B | 2.34 | 36.57% | 3.33% | 23.97% | 85.96% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
57 Neutral | HK$18.09B | 26.92 | 1.56% | 0.98% | 11.42% | -55.21% |
* Real Estate Sector Average
HK:1200
Midland Holdings Limited
1.80
-0.29
-13.83%
HK:6098
Country Garden Services Holdings Co
5.36
-1.02
-15.93%
HK:2156
C&D Property Management Group Co., Ltd.
2.63
-0.29
-9.87%
HK:2423
KE Holdings, Inc. Class A
44.56
-7.40
-14.25%
HK:2602
Onewo, Inc. Class H
19.16
-4.71
-19.74%
HK:2869
Greentown Service Group Co. Ltd.
4.15
-0.57
-12.11%
Midland Holdings Limited Corporate Events
Midland Holdings Nearly Doubles Interim Profit on Higher Revenue and Strong Property Transactions
Aug 26, 2026
Midland Holdings Limited reported a strong interim performance for the six months ended 30 June 2026, with revenue rising to HK$3.31 billion from HK$2.52 billion a year earlier and operating profit increasing to HK$328.1 million. Profit attributab...
Midland Holdings Schedules Board Meeting to Approve Interim Results and Consider Dividend
Aug 11, 2026
Midland Holdings Limited has scheduled a board meeting for 26 August 2026 to approve the interim results for the six months ended 30 June 2026 and to authorize their publication. The board will also consider the payment of an interim dividend, a d...
Midland Holdings Updates Bermuda Registered Office and Share Registrar Address
Jul 31, 2026
Midland Holdings Limited has announced that, effective 3 August 2026, its registered office in Bermuda and the address of its principal share registrar and transfer agent, Conyers Corporate Services (Bermuda) Limited, will be relocated to Richmond...
Midland Holdings Signs Connected Referral Deal With Midland Financial
Jul 6, 2026
Midland Holdings has entered into a referral services agreement under which its indirect wholly owned subsidiary Midland Strategic will receive HK$1.323 million in fees from Midland Financial for referring clients to insurance products. The arrang...
Midland Holdings Flags 20-Year High in Interim Profit on Strong Property Agency Performance
Jun 15, 2026
Midland Holdings has issued a positive profit alert, reporting unaudited profit before tax of about HK$300 million for the five months ended 31 May 2026, a 69% increase over the HK$178 million recorded for the six months ended 30 June 2025. The co...
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.