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Red Star Macalline Group Corporation Ltd Class H
(1528)
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Rating:43Neutral
Price Target:
HK$1.00
â–¼(-19.35% 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
Mall-based platform model
A branded mall network provides an established platform connecting furniture, building-material and home-décor merchants with consumers. This operating model can support recurring tenant relationships and multiple income streams across leasing, services and mall operations over the medium term.
Negative Factors
Prolonged revenue decline
A multi-year revenue decline indicates weakening scale and makes it harder for the mall platform to absorb fixed operating and property-related costs. Continued contraction can reduce tenant demand, limit reinvestment capacity and undermine the durability of future earnings recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Mall-based platform model
A branded mall network provides an established platform connecting furniture, building-material and home-décor merchants with consumers. This operating model can support recurring tenant relationships and multiple income streams across leasing, services and mall operations over the medium term.
Read all positive factors
Red Star Macalline Group Corporation Ltd Class H (1528) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$10.58B
Dividend Yield1.26%
Average Volume (3M)2.11M
Price to Earnings (P/E)―
Beta (1Y)1.94
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. Volume2,801,004
30 Day Avg. Volume2,112,875
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 | -21.93B | -24.68B | -1.55B | 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
Positive
1.24
Price Trends
1.05
Positive
1.17
Negative
1.23
Negative
Market Momentum
<0.01
Negative
61.63
Neutral
70.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1528, the sentiment is Positive. The current price of 1.24 is above the 20-day moving average (MA) of 1.06, above the 50-day MA of 1.05, and above the 200-day MA of 1.23, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 61.63 is Neutral, neither overbought nor oversold. The STOCH value of 70.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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% | |
64 Neutral | HK$695.60M | 7.99 | 1.94% | 24.46% | 2.96% | -72.77% | |
62 Neutral | HK$16.77B | 53.57 | 1.29% | 6.70% | -1.87% | ― | |
62 Neutral | HK$1.22B | 5.32 | 5.40% | 10.87% | 1.10% | -2.25% | |
58 Neutral | HK$1.40B | 8.49 | 11.06% | 9.78% | -2.62% | -3.82% | |
56 Neutral | HK$3.50B | 5.88 | 10.27% | 14.11% | ― | ― | |
43 Neutral | HK$10.58B | -0.46 | -78.55% | 1.26% | -5.44% | -508.26% |
* Real Estate Sector Average
HK:1528
Red Star Macalline Group Corporation Ltd Class H
1.11
-0.45
-28.71%
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16.13
0.79
5.18%
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Midea Real Estate Holding Limited
2.41
-1.96
-44.88%
HK:9909
Powerlong Commercial Management Holdings Limited
1.86
-0.40
-17.70%
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E-Star Commercial Management Company Limited
1.38
0.04
3.14%
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Excellence Commercial Property & Facilities Management Group Limited
0.57
-0.61
-51.71%
Red Star Macalline Group Corporation Ltd Class H Corporate Events
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...
Red Star Macalline Redirects A-Share Proceeds as It Repositions Strategy
Jul 30, 2026
Red Star Macalline Group Corporation Ltd has announced adjustments to the use of proceeds raised from its A-share initial public offering and a 2020 non-public A-share issuance as it reassesses operating conditions and strategic priorities. The co...
Red Star Macalline Seeks RMB7.5 Billion Guarantee Mandate to Support 2026 Operations
Jul 30, 2026
Red Star Macalline plans to seek shareholder approval for a new guarantee mandate for 2026, allowing the company and its subsidiaries to provide up to RMB7,500 million in new guarantees to group entities to support daily operations and financing n...
Red Star Macalline Forecasts Return to Profit on Cost Cuts and Property Stabilization
Jul 14, 2026
Red Star Macalline Group Corporation expects to swing to a net profit of about RMB18 million to RMB27 million for the first half of 2026, reversing a loss of RMB2.11 billion a year earlier, with profit attributable to shareholders forecast at RMB1...
Red Star Macalline Shareholders Approve All Resolutions at 2025 AGM
Jun 22, 2026
Red Star Macalline Group Corporation Ltd. reported that all resolutions proposed at its 2025 annual general meeting, held in Shanghai on 22 June 2026, were approved by shareholders via poll. The meeting, which complied with PRC company law and the...
Red Star Macalline Tightens Governance with New Audit Committee Rules
Jun 18, 2026
Red Star Macalline Group Corporation Ltd. has formalised detailed working rules for its Board-level Audit Committee, aligning its governance framework with the Company Law of the People’s Republic of China, corporate governance codes and the...
Red Star Macalline Sets New Governance Rules for Remuneration and Evaluation Committee
Jun 18, 2026
Red Star Macalline Group Corporation Ltd. has established detailed working rules for its Remuneration and Evaluation Committee under the board of directors to strengthen governance over pay and performance for directors and senior management. The ...
Red Star Macalline Defines Rules for Board Nomination Committee to Bolster Governance
Jun 18, 2026
Red Star Macalline Group Corporation Ltd. has adopted detailed working rules for its Board-level Nomination Committee to strengthen corporate governance and standardize the selection of directors and senior management. The rules align with Chinese...
Red Star Macalline Sets Up Strategy and Investment Committee to Sharpen Governance
Jun 18, 2026
Red Star Macalline has established a Strategy and Investment Committee under its Board of Directors to guide the company’s long-term development and major investment decisions. The committee is structured with three to seven directors, inclu...
Red Star Macalline Signs Connected Framework Deal for Tianfu New District Project
Jun 18, 2026
Red Star Macalline’s subsidiary Chengdu Tianfu Macalline has signed a framework agreement with CD Construction to provide entrusted construction management and sales services for the Tianfu New District Project from 18 June 2026 to 17 June 2...
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.