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Red Star Macalline Group Corporation Ltd Class H
(1528)
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Rating:43Neutral
Price Target:
HK$0.89
▼(-28.39% Downside)
Action:Upgraded
Date:09/06/26
The score is primarily weighed down by weak financial performance—multi-year revenue decline, sustained losses with deeply negative margins, and rising leverage with eroding equity—despite some support from positive recent free cash flow. Technicals are mixed with a weak longer-term trend, and valuation provides limited support due to a negative P/E and no dividend yield data.
Positive Factors
Diversified mall-platform revenue model
The company monetizes its malls through several recurring or service-based channels rather than relying on a single transaction type. Leasing, merchant services, commissions and value-added activities can support revenue resilience and deepen tenant relationships over the next several quarters.
Negative Factors
Persistent revenue contraction
A multi-year revenue decline indicates sustained pressure on the company’s operating base rather than a single weak reporting period. Continued contraction can reduce tenant demand, weaken mall utilization and limit the scale benefits available from the platform.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified mall-platform revenue model
The company monetizes its malls through several recurring or service-based channels rather than relying on a single transaction type. Leasing, merchant services, commissions and value-added activities can support revenue resilience and deepen tenant relationships over the next several quarters.
Read all positive factors
Red Star Macalline Group Corporation Ltd Class H (1528) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$8.98B
Dividend Yield1.26%
Average Volume (3M)2.08M
Price to Earnings (P/E)―
Beta (1Y)0.72
Revenue Growth-5.44%
EPS Growth-508.26%
CountryHK
Employees9,012
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-4.92
Shares Outstanding741,285,640
10 Day Avg. Volume2,071,230
30 Day Avg. Volume2,076,486
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.20
Price to Sales (P/S)0.75
P/FCF Ratio8.21
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)0.02
Revenue Forecast (FY)HK$6.40B
Red Star Macalline Group Corporation Ltd Class H Business Overview & Revenue Model
Company Description
Red Star Macalline Group Corporation Ltd. is primarily involved in operating and managing shopping malls focused on home improvement and furnishing across Mainland China. The company's operations are structured into five distinct segments: directl...
How the Company Makes Money
The company primarily makes money by monetizing its network of home-improvement shopping malls as a multi-merchant retail platform. Key revenue streams generally include: (1) Leasing and related rental income: merchants/brands (e.g., furniture, bu...
Red Star Macalline Group Corporation Ltd Class H Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
34
Negative
Cash Flow
45
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.30B | 6.37B | 7.82B | 11.51B | 14.14B | 15.51B |
| Gross Profit | 4.30B | 3.25B | 4.99B | 7.03B | 8.84B | 15.51B |
| EBITDA | -21.83B | -24.67B | -1.11B | 433.16M | 4.47B | 5.79B |
| Net Income | -21.44B | -23.11B | -2.98B | -2.41B | 678.57M | 1.96B |
Balance Sheet | ||||||
| Total Assets | 86.62B | 89.13B | 118.64B | 124.19B | 129.48B | 135.19B |
| Cash, Cash Equivalents and Short-Term Investments | 3.50B | 3.22B | 3.30B | 3.10B | 3.55B | 7.14B |
| Total Debt | 45.31B | 45.00B | 39.71B | 38.23B | 38.23B | 44.51B |
| Total Liabilities | 62.74B | 63.83B | 67.33B | 69.04B | 71.48B | 77.66B |
| Stockholders Equity | 22.47B | 23.86B | 48.20B | 49.62B | 54.45B | 53.98B |
Cash Flow | ||||||
| Free Cash Flow | 1.26B | 581.24M | 146.45M | 2.32B | 3.64B | 2.99B |
| Operating Cash Flow | 1.51B | 841.16M | 216.37M | 2.36B | 3.88B | 5.38B |
| Investing Cash Flow | 322.07M | -639.07M | 631.16M | 701.36M | 687.70M | -126.81M |
| Financing Cash Flow | -1.89B | -516.77M | -242.64M | -3.17B | -8.06B | -5.05B |
Red Star Macalline Group Corporation Ltd Class H Technical Analysis
Negative
1.24
Price Trends
1.03
Negative
1.06
Negative
1.19
Negative
Market Momentum
-0.03
Positive
29.37
Positive
9.48
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1528, the sentiment is Negative. The current price of 1.24 is above the 20-day moving average (MA) of 0.98, above the 50-day MA of 1.03, and above the 200-day MA of 1.19, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 29.37 is Positive, neither overbought nor oversold. The STOCH value of 9.48 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1528.
Red Star Macalline Group Corporation Ltd Class H Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | HK$16.05B | 51.91 | 1.29% | 6.91% | -1.87% | ― | |
62 Neutral | HK$1.17B | 5.18 | 5.40% | 10.87% | 1.10% | -2.25% | |
62 Neutral | HK$591.87M | 6.80 | 1.94% | 29.66% | 2.96% | -72.77% | |
58 Neutral | HK$1.41B | 8.49 | 11.06% | 9.71% | -2.62% | -3.76% | |
56 Neutral | HK$3.11B | 5.26 | 10.27% | 15.63% | ― | ― | |
43 Neutral | HK$8.98B | -0.39 | -78.55% | 1.26% | -5.44% | -508.26% |
* Real Estate Sector Average
HK:1528
Red Star Macalline Group Corporation Ltd Class H
0.92
-0.37
-28.68%
HK:0014
Hysan Development Co
15.63
0.37
2.43%
HK:3990
Midea Real Estate Holding Limited
2.17
-2.15
-49.75%
HK:9909
Powerlong Commercial Management Holdings Limited
1.83
-0.78
-30.08%
HK:6668
E-Star Commercial Management Company Limited
1.39
0.15
12.19%
HK:6989
Excellence Commercial Property & Facilities Management Group Limited
0.49
-0.54
-52.45%
Red Star Macalline Group Corporation Ltd Class H Corporate Events
Red Star Macalline Swings Back to Profit on Lower Costs
Oct 30, 2026
Red Star Macalline reported unaudited revenue of RMB 4.58 billion for the nine months ended 30 September 2026, down from RMB 4.97 billion a year earlier, but significantly improved profitability. The group swung from an operating loss of RMB 3.34 ...
Red Star Macalline Optimises China Mall Network in Third Quarter 2026
Oct 30, 2026
Red Star Macalline reported that as of 30 September 2026 it operated 71 portfolio shopping malls, 201 managed shopping malls, 6 home furnishing malls via strategic cooperation and 16 franchised home improvement material projects covering 320 store...
Red Star Macalline Schedules Board Meeting to Approve Third-Quarter Results
Oct 20, 2026
Red Star Macalline Group Corporation Ltd. has scheduled a board meeting for 30 October 2026 to review and approve the group’s third quarterly results for the nine months ended 30 September 2026. The company also plans to publish these result...
Red Star Macalline Expands Managed Portfolio with New Xi’an Contract
Sep 29, 2026
Red Star Macalline has approved a Supplemental Contract Management Agreement under which it and Xi’an Weiyang Red Star Macalline will provide contract management services to Shaanxi Hongrui from 30 September 2026 to 31 May 2028, covering a p...
Red Star Macalline Details Major 2025 Impairment Charges on Land and Other Assets
Sep 24, 2026
Red Star Macalline has issued a supplemental announcement to its 2025 annual report detailing substantial impairment provisions across several asset categories, including earning rights related to land consolidation, interests in associates, goodw...
Red Star Macalline Shareholders Approve Capital Reallocation and 2026 Guarantees
Sep 18, 2026
Red Star Macalline said shareholders approved all resolutions at its second extraordinary general meeting of 2026, with the meeting validly convened under PRC company law and attended by all directors and senior management. Shareholders representi...
Red Star Macalline Calls 2026 EGM to Reallocate A-Share Proceeds and Set New Guarantee Limits
Sep 1, 2026
Red Star Macalline Group Corporation Ltd. has convened its second extraordinary general meeting for 2026, scheduled for 18 September in Shanghai, to seek shareholder approval on key capital allocation and risk management matters. The board will as...
Red Star Macalline Sets September Extraordinary General Meeting and Closes H-Share Register
Sep 1, 2026
Red Star Macalline Group Corporation Ltd. has scheduled an extraordinary general meeting for 18 September 2026, with a circular detailing the proposed resolutions and related documents to be sent to shareholders in due course. The meeting undersco...
Red Star Macalline Reshapes Mall Network in First Half of 2026
Aug 28, 2026
Red Star Macalline reported that as of 30 June 2026 it operated 72 portfolio shopping malls, 211 managed shopping malls, and 6 home furnishing malls under strategic cooperation, along with 16 franchised home improvement material projects encompass...
Red Star Macalline Returns to Profit as It Streamlines Mall Portfolio
Aug 28, 2026
Red Star Macalline reported unaudited interim results for the six months ended 30 June 2026, showing revenue of RMB3.09 billion, down slightly from RMB3.34 billion a year earlier, but a return to overall profitability. Profit attributable to owner...
Red Star Macalline Extends Jining Mall Management Under Connected Transaction Framework
Aug 28, 2026
Red Star Macalline has approved a Supplemental Contract Management Agreement with Jining Hongrui, extending its contract management services for a mall property in Jining City, Shandong Province, from 1 September 2026 to 31 August 2027. The agreem...
Red Star Macalline appoints Zheng Jianjie as employee director for sixth board session
Aug 26, 2026
Red Star Macalline has elected Mr. Zheng Jianjie as the employee director for its sixth board session following an employee representative meeting held on 26 August 2026. His new term will begin once the general meeting elects the sixth board sess...
Red Star Macalline Sets Board Meeting to Approve Interim 2026 Results
Aug 18, 2026
Red Star Macalline Group Corporation Ltd has scheduled a board meeting for 28 August 2026 to review and approve the interim results for the six months ended 30 June 2026 and to arrange for their publication. The announcement also reconfirms the cu...
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.