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C&D International Investment Group Ltd.
(1908)
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Rating:61Neutral
Price Target:
HK$14.50
â–¼(-16.67% Downside)
Action:Reiterated
Date:09/30/26
The score is driven primarily by mixed fundamentals: strong recent operating/free cash flow is a clear positive, but weakening revenue/margins and notably higher leverage (debt-to-equity ~3.3) elevate risk. Valuation is supportive (low P/E and high yield), while technicals remain mixed with the stock below key longer-term moving averages and a negative MACD.
Positive Factors
Cash Generation
Operating and free cash flow both reached about 21B in 2025 and rose 10.5% year over year. This supports internal funding capacity and demonstrates strong latest-period cash conversion, although durability should be tested across the property cycle.
Negative Factors
Revenue Contraction
Revenue declined 7.7% in 2025 after a multi-year expansion, signaling weaker current operating scale. A sustained contraction would reduce the base over which costs and development capabilities are spread, making recovery in earnings more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation
Operating and free cash flow both reached about 21B in 2025 and rose 10.5% year over year. This supports internal funding capacity and demonstrates strong latest-period cash conversion, although durability should be tested across the property cycle.
Read all positive factors
C&D International Investment Group Ltd. (1908) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$31.68B
Dividend Yield6.58%
Average Volume (3M)9.60M
Price to Earnings (P/E)8.2
Beta (1Y)0.84
Revenue Growth-15.14%
EPS Growth-35.86%
CountryHK
Employees23,960
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)1.42
Shares Outstanding2,315,932,600
10 Day Avg. Volume9,213,085
30 Day Avg. Volume9,603,197
Financial Highlights & Ratios
PEG Ratio-0.30
Price to Book (P/B)0.96
Price to Sales (P/S)0.21
P/FCF Ratio1.38
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$20.02Price Target Upside15.08% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)1.44
Revenue Forecast (FY)HK$112.74B
C&D International Investment Group Ltd. Business Overview & Revenue Model
Company Description
C&D International Investment Group Limited functions as an investment holding company, primarily engaged in property development, comprehensive real estate industry chain investment services, and various industrial investments. The company's exten...
C&D International Investment Group Ltd. Financial Statement Overview
Summary
Income Statement
57
Neutral
Balance Sheet
44
Neutral
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 120.42B | 136.79B | 142.99B | 134.43B | 99.64B | 54.56B |
| Gross Profit | 17.16B | 19.01B | 18.97B | 14.92B | 15.22B | 9.08B |
| EBITDA | 9.14B | 10.02B | 10.25B | 9.12B | 9.41B | 6.54B |
| Net Income | 3.56B | 3.65B | 4.80B | 5.03B | 4.93B | 3.55B |
Balance Sheet | ||||||
| Total Assets | 389.67B | 368.41B | 412.48B | 427.28B | 393.46B | 343.52B |
| Cash, Cash Equivalents and Short-Term Investments | 61.74B | 50.65B | 62.46B | 51.12B | 47.37B | 44.87B |
| Total Debt | 73.78B | 99.43B | 84.64B | 83.23B | 92.25B | 85.18B |
| Total Liabilities | 304.50B | 284.22B | 309.98B | 336.34B | 314.04B | 280.27B |
| Stockholders Equity | 30.15B | 30.11B | 37.56B | 33.46B | 31.64B | 26.61B |
Cash Flow | ||||||
| Free Cash Flow | 8.92B | 20.96B | 3.52B | 24.22B | 3.41B | 6.41B |
| Operating Cash Flow | 9.25B | 21.28B | 3.74B | 24.41B | 3.52B | 6.50B |
| Investing Cash Flow | 10.91B | -1.54B | -5.45B | -8.41B | -16.37B | -20.48B |
| Financing Cash Flow | -25.69B | -26.22B | 4.83B | -12.24B | 13.39B | 31.64B |
C&D International Investment Group Ltd. Technical Analysis
Neutral
17.40
Price Trends
14.08
Negative
14.42
Negative
14.25
Negative
Market Momentum
-0.37
Negative
56.85
Neutral
73.64
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1908, the sentiment is Neutral. The current price of 17.4 is above the 20-day moving average (MA) of 12.41, above the 50-day MA of 14.08, and above the 200-day MA of 14.25, indicating a neutral trend. The MACD of -0.37 indicates Negative momentum. The RSI at 56.85 is Neutral, neither overbought nor oversold. The STOCH value of 73.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1908.
C&D International Investment Group Ltd. 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% | |
61 Neutral | HK$31.68B | 8.23 | 11.82% | 6.58% | -15.14% | -35.86% | |
57 Neutral | HK$25.66B | 24.14 | 1.00% | 7.56% | -21.69% | 68.31% | |
47 Neutral | HK$52.64B | -0.55 | -72.47% | 7.60% | -34.04% | -80.30% | |
47 Neutral | HK$17.02B | -247.00 | -0.16% | 4.90% | 1.45% | 77.50% | |
45 Neutral | HK$39.94B | -121.73 | -0.14% | 3.32% | -41.83% | -102.04% | |
44 Neutral | HK$18.51B | 40.02 | 2.69% | 2.27% | -7.73% | -14.40% |
* Real Estate Sector Average
HK:1908
C&D International Investment Group Ltd.
13.67
-3.20
-18.96%
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C&D International Investment Group Ltd. Corporate Events
C&D International to Acquire Lianfa Property, Shifts to Service Pact for C&D City Service
Sep 11, 2026
CD International and CD Property have agreed to acquire 100% equity interests in Lianfa Property from Xiamen Lianfa for RMB304.41 million, based on an independent valuation. Upon completion, Lianfa Property will become an indirect subsidiary, with...
C&D International Details RMB1.2 Billion Xiamen Land Commitment and Risk Segregation
Sep 4, 2026
CD International Investment Group Ltd. has clarified the financial structure behind its connected transaction to develop newly acquired land in Xiamen, detailing a total capital commitment of RMB1,195 million through subsidiary Yi Yue. The funds c...
C&D International’s Interim Results Expose Pressure on China Property Market
Aug 27, 2026
CD International Investment Group Limited reported a sharp downturn in interim results for the six months ended 30 June 2026, underscoring mounting pressures in China’s property market. Group revenue fell 47.9% year-on-year to about RMB17.8 ...
C&D International Schedules Board Meeting to Approve 2026 Interim Results
Aug 17, 2026
CD International Investment Group Limited has announced that its board of directors will convene a meeting on 27 August 2026 to review and approve the interim financial results for the six months ended 30 June 2026. The board will also consider th...
C&D International Reshapes Board Committees After Executive Director’s Retirement
Aug 7, 2026
CD International Investment Group Limited announced that executive director Ms. Zhao Chengmin has resigned from the board and the nomination committee effective 7 August 2026 due to retirement, with the company emphasizing that she has no disagree...
C&D International Sets Out Board Structure and Key Governance Committees
Aug 7, 2026
CD International Investment Group Ltd. has confirmed the current composition of its board, which includes three executive directors led by chairman Lin Weiguo and CEO Tian Meitan, three non-executive directors, and four independent non-executive d...
C&D International Joins C&D Inc. Unit in RMB2.056 Billion Xiamen Land Deal
Jul 17, 2026
CD International Investment Group Limited, a Hong Kong-listed developer of residential and commercial properties in China, is broadening its footprint through project companies and partnerships tied to controlling shareholder CD Inc. The group use...
C&D International Posts Lower Contracted Sales in First Half of 2026
Jul 8, 2026
CD International Investment Group Limited reported unaudited operating figures for the six months ended 30 June 2026, with cumulative contracted sales attributable to shareholders of approximately RMB48.87 billion. Over the same period, the group&...
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.