Standard Development Group Limited (1867) AI Stock Analysis

• Market Cap: HK$418.32M
• Dividend Yield: N/A
• Average Volume (3M): 117.53K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.08
• Revenue Growth: -38.54%
• EPS Growth: -150.00%
• Country: HK
• Employees: 92
• Sector: Industrials
• Sector Strength: 72
• Industry: Consulting Services
• EPS (TTM): -0.02
• Shares Outstanding: 1,494,000,000
• 10 Day Avg. Volume: 146,000
• 30 Day Avg. Volume: 117,533
• PEG Ratio: -0.03
• Price to Book (P/B): 2.60
• Price to Sales (P/S): 0.82
• P/FCF Ratio: -2.73
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: HK$0.50 ▲(78.57% Upside)

The overall stock score is primarily influenced by the company's weak financial performance, characterized by declining revenues, negative profit margins, and high leverage. Technical analysis shows strong momentum, but the high RSI suggests potential overvaluation. Valuation metrics are unattractive due to negative earnings and lack of dividends.

Standard Development Group Limited Business Overview & Revenue Model

Company Description

Standard Development Group Limited, an investment holding company, engages in the interior fitting-out, renovation, alteration, and addition works for residential, industrial, and commercial properties in Mainland China and Hong Kong. The company operates through Construction and Engineering Related Business, and Trading Business segments. It also provides construction and engineering related services, as well as interior design services. In addition, the company engages in trading of consumables and petroleum products. It serves contractors, landlords, and property developers. The company was formerly known as LKS Holding Group Limited and changed its name to Standard Development Group Limited in September 2021. Standard Development Group Limited was founded in 2005 and is headquartered in Sheung Wan, Hong Kong. Standard Development Group Limited operates as a subsidiary of FUJINCHENG INVESTMENT HOLDINGS CO., LTD.

How the Company Makes Money

Standard Development Group Limited generates revenue primarily through its real estate development projects, where it profits from the sale or lease of properties developed under its management. The company also earns income from providing construction services, including project management and consulting for third-party clients. Key revenue streams include residential property sales, commercial leasing, and income from joint ventures or partnerships with other developers and construction firms. Additionally, the company may benefit from government contracts and incentives related to sustainable building practices, enhancing its overall profitability.

Standard Development Group Limited Financial Statement Overview

Summary

The company is experiencing declining revenue, negative profit margins, high leverage, and volatile cash flow management. These factors indicate significant financial challenges and risks.

Income Statement

The company has experienced declining revenue over the past few years, with a significant drop of 8.56% in the most recent year. Gross profit margins have been extremely low, and net profit margins have been negative, indicating ongoing losses. The EBIT and EBITDA margins are also negative, reflecting operational challenges. Overall, the income statement shows weak financial performance with no clear signs of improvement.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 1.98, suggesting significant leverage and potential financial risk. Return on equity is negative, indicating that the company is not generating profits from its equity base. The equity ratio is relatively stable, but the high leverage poses a risk to financial stability.

Cash Flow

Cash flow analysis shows a substantial increase in free cash flow growth, but this is from a negative base, indicating volatility. The operating cash flow to net income ratio is low, and free cash flow to net income is negative, highlighting cash flow challenges. Overall, cash flow management appears weak, with significant fluctuations and negative free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	379.54M	301.03M	489.79M	661.23M	306.56M	221.89M
Gross Profit	-113.50K	763.00K	3.25M	22.12M	10.18M	13.90M
EBITDA	-41.29M	-30.87M	-16.77M	-4.31M	-19.16M	4.92M
Net Income	-65.22M	-50.03M	-19.94M	-8.83M	-21.01M	1.01M
Balance Sheet
Total Assets	380.56M	380.56M	291.71M	273.98M	253.75M	149.41M
Cash, Cash Equivalents and Short-Term Investments	39.03M	39.03M	23.93M	153.35M	139.55M	30.96M
Total Debt	187.58M	187.58M	75.30M	16.55M	16.34M	25.12M
Total Liabilities	277.31M	277.31M	137.32M	-49.72M	108.43M	31.71M
Stockholders Equity	94.63M	94.63M	144.81M	169.32M	145.32M	117.70M
Cash Flow
Free Cash Flow	-90.42M	-90.42M	-125.45M	-18.44M	72.11M	2.14M
Operating Cash Flow	17.84M	17.84M	-56.69M	-17.54M	74.47M	2.22M
Investing Cash Flow	-108.24M	-108.24M	-90.48M	-907.00K	-2.36M	-85.00K
Financing Cash Flow	105.48M	105.48M	24.62M	33.62M	35.97M	-11.18M

Standard Development Group Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.28
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1867, the sentiment is Positive. The current price of 0.28 is above the 20-day moving average (MA) of 0.22, above the 50-day MA of 0.21, and above the 200-day MA of 0.17, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 65.31 is Neutral, neither overbought nor oversold. The STOCH value of 82.03 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1867.

Standard Development Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1568	78 Outperform	HK$1.58B	5.45	8.17%	8.22%	-9.50%	-24.73%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
8501	50 Neutral	HK$97.98M	-24.87	-2.95%	―	-2.17%	-188.41%
1376	46 Neutral	HK$238.00M	-38.39	29.87%	―	1.93%	-158.33%
3893	46 Neutral	HK$160.50M	-5.11	―	―	-24.93%	-72.69%
1867	44 Neutral	HK$418.32M	-8.36	-41.79%	―	-38.54%	-150.00%
8455	41 Neutral	HK$48.00M	-3.09	-617.73%	―	-8.22%	-7.28%

Standard Development Group Limited Corporate Events

Standard Development Group Limited Announces AGM Results and Board Changes

Standard Development Group Limited announced the results of its annual general meeting held on September 30, 2025. All proposed resolutions, including the re-election and appointment of directors and auditors, were unanimously approved by shareholders. The company also granted mandates to the board for share issuance and repurchase, indicating strong shareholder support and potential strategic flexibility.

Standard Development Group Limited Announces Board Composition and Committee Assignments

Standard Development Group Limited has announced the composition of its board of directors, which includes both executive and independent non-executive directors. The company has also established three committees: Audit, Remuneration, and Nomination, with specific directors assigned to each committee. This organizational structure is likely to enhance governance and operational oversight, potentially impacting the company’s strategic direction and stakeholder confidence.

Standard Development Group Limited Announces Board Changes

Standard Development Group Limited has announced the retirement of two independent non-executive directors, Mr. Liang Rongjin and Dr. Yan Bing, who will not seek re-election at the upcoming annual general meeting. Their departure is attributed to their desire to focus on personal affairs and compliance with the Stock Exchange’s independence requirements. The board has proposed Mr. Zhao Changsheng and Mr. Tsui Siu Hung Raymond as their successors, pending shareholder approval. This transition is expected to bring fresh perspectives to the company’s governance, with Mr. Zhao and Mr. Tsui bringing extensive experience in corporate finance and strategic development.

Standard Development Group Limited Announces Annual General Meeting and Key Resolutions

Standard Development Group Limited has announced its upcoming annual general meeting scheduled for September 30, 2025, in Hong Kong. The meeting will address several key resolutions, including the adoption of the company’s audited financial statements, reappointment of auditors, re-election and appointment of directors, and authorization for the board to manage director remuneration. Additionally, the meeting will consider granting the board the power to issue additional shares, which could impact the company’s capital structure and shareholder value.