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Guangzhou R&F Properties Co
(2777)
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Rating:39Underperform
Price Target:
HK$0.13
▼(-37.50% Downside)
Action:Reiterated
Date:09/10/26
The score is held near the low end primarily by severely weak financial performance (large ongoing losses and negative equity). Technical indicators reinforce the risk with a strong downtrend and bearish momentum, while valuation is constrained by loss-making results and the absence of a dividend yield.
Positive Factors
2025 Revenue Rebound
The 2025 revenue rebound provides evidence of renewed top-line activity after a weak prior year. If sustained, stronger revenue can improve operating absorption and support a recovery in earnings, although the latest increase has not yet restored profitability.
Negative Factors
Persistent Severe Losses
Profitability has deteriorated sharply, with deeply negative margins and net margins around -100% in 2024 and worse in 2025. Persistent large losses erode capital, weaken earnings quality, and make durable recovery dependent on major improvement in project economics and cost or impairment pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
2025 Revenue Rebound
The 2025 revenue rebound provides evidence of renewed top-line activity after a weak prior year. If sustained, stronger revenue can improve operating absorption and support a recovery in earnings, although the latest increase has not yet restored profitability.
Read all positive factors
Guangzhou R&F Properties Co (2777) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$480.30M
Dividend Yield119.11%
Average Volume (3M)3.83M
Price to Earnings (P/E)―
Beta (1Y)2.59
Revenue Growth38.77%
EPS Growth7.00%
CountryHK
Employees9,803
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-4.68
Shares Outstanding3,752,367,400
10 Day Avg. Volume5,132,027
30 Day Avg. Volume3,834,828
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)-0.42
Price to Sales (P/S)0.16
P/FCF Ratio1.13
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)-1.53
Revenue Forecast (FY)HK$12.67B
Guangzhou R&F Properties Co Business Overview & Revenue Model
Company Description
Guangzhou R&F Properties Co., Ltd., together with its subsidiaries, develops and sells residential and commercial properties in the People’s Republic of China, Malaysia, Australia, the United Kingdom, Cambodia, and South Korea. It operates through...
How the Company Makes Money
The company primarily makes money from real estate development and related services. Its key revenue streams typically include: (1) Property development and sales: Revenue is generated from the pre-sale and completed-sale of residential and other ...
Guangzhou R&F Properties Co Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
7
Very Negative
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.82B | 10.94B | 17.70B | 36.24B | 35.19B | 76.23B |
| Gross Profit | -2.98B | -1.47B | -580.90M | 1.92B | 4.04B | -1.42B |
| EBITDA | -7.78B | -7.24B | -4.54B | -6.40B | 166.36M | -9.15B |
| Net Income | -17.57B | -16.43B | -17.71B | -20.16B | -15.74B | -16.47B |
Balance Sheet | ||||||
| Total Assets | 260.25B | 268.98B | 290.59B | 334.87B | 368.92B | 398.54B |
| Cash, Cash Equivalents and Short-Term Investments | 2.60B | 3.06B | 787.38M | 1.73B | 2.18B | 6.26B |
| Total Debt | 97.54B | 99.45B | 110.04B | 127.68B | 127.12B | 129.31B |
| Total Liabilities | 257.88B | 260.83B | 262.14B | 288.48B | 301.98B | 315.68B |
| Stockholders Equity | -9.61B | -4.11B | 15.92B | 33.70B | 54.43B | 70.19B |
Cash Flow | ||||||
| Free Cash Flow | 909.75M | 1.52B | -1.61B | -2.10B | -2.16B | 11.43B |
| Operating Cash Flow | 929.25M | 1.54B | -1.53B | -1.56B | -1.26B | 13.24B |
| Investing Cash Flow | -236.84M | -198.91M | 885.38M | 774.83M | 629.26M | -3.45B |
| Financing Cash Flow | -1.47B | -1.21B | -320.33M | 330.52M | -3.51B | -29.14B |
Guangzhou R&F Properties Co Technical Analysis
Negative
0.20
Price Trends
0.20
Negative
0.27
Negative
0.40
Negative
Market Momentum
-0.02
Positive
15.27
Positive
6.44
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2777, the sentiment is Negative. The current price of 0.2 is above the 20-day moving average (MA) of 0.18, below the 50-day MA of 0.20, and below the 200-day MA of 0.40, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 15.27 is Positive, neither overbought nor oversold. The STOCH value of 6.44 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2777.
Guangzhou R&F Properties Co Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$207.94B | 7.59 | 8.04% | 4.60% | -10.40% | -11.38% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | HK$136.59B | 10.55 | 2.82% | 4.01% | 4.14% | -16.76% | |
46 Neutral | HK$39.24B | -121.03 | -0.14% | 3.33% | -41.83% | -102.04% | |
43 Neutral | HK$39.72B | -0.40 | -72.47% | 7.60% | -34.04% | -80.30% | |
39 Underperform | HK$480.30M | -0.02 | 256.28% | 119.11% | 38.77% | 7.00% | |
39 Underperform | HK$8.07B | 0.33 | -106.41% | 8.02% | -41.85% | ― |
* Real Estate Sector Average
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Guangzhou R&F Properties Co Corporate Events
Guangzhou R&F Discloses Court-Imposed Consumption Restrictions on Chairman
Sep 8, 2026
Guangzhou RF Properties Co., Ltd. has issued an overseas regulatory announcement to inform investors and bondholders of a major matter affecting the company and its chairman, in line with Hong Kong and Shanghai exchange disclosure rules. The notic...
Guangzhou R&F Properties Listed as Dishonest Debtor After RMB429 Million Enforcement
Sep 7, 2026
Guangzhou RF Properties has disclosed that it has been newly listed as a dishonest person entity by the People’s Court of Tianhe District, Guangzhou, after failing to comply with court-ordered obligations. The enforcement ruling requires a o...
Guangzhou R&F Updates Bondholders on Litigation Progress After Appeal Withdrawal
Sep 3, 2026
Guangzhou RF Properties has issued an overseas regulatory announcement to update investors on major matters affecting its outstanding corporate bonds. The disclosure, released simultaneously in Shanghai and Hong Kong, details the progress of a pre...
Guangzhou R&F Properties Warned Over Disclosure Lapses, Pledges Rectification
Sep 2, 2026
Guangzhou RF Properties disclosed that it has received a formal warning letter from the Guangdong arm of the China Securities Regulatory Commission for failing to promptly report certain overdue interest-bearing borrowings, as well as material lit...
Guangzhou R&F Faces RMB944 Million Court-Ordered Loan Repayment in Haikou
Aug 31, 2026
Guangzhou RF Properties has reported a major litigation development involving its subsidiary Hainan RF Properties Development Group Co., Ltd. in a financial loan contract dispute with a bank’s Haikou branch. The Haikou Intermediate People...
Guangzhou R&F Properties Stresses Liquidity as Sales Hold Steady in Tough 2026 Market
Aug 27, 2026
Guangzhou RF Properties reported interim unaudited results for the first half of 2026, highlighting steady contracted sales of RMB7.35 billion and over 1.1 million sq.m. of gross floor area sold despite continuing weakness in China’s propert...
Guangzhou R&F warns of steep H1 loss as property downturn deepens
Aug 26, 2026
Guangzhou RF Properties has issued an overseas regulatory announcement noting that its Shanghai Stock Exchange filing on major matters has also been published on the Hong Kong HKExnews platform, in line with dual-listing disclosure rules. The boar...
Guangzhou R&F Issues Profit Warning as China Property Slump Deepens
Aug 24, 2026
Guangzhou RF Properties Co., Ltd. is a Hong Kong-listed real estate developer incorporated in the People’s Republic of China, focusing on property development within the domestic market. The group generates its core revenues from developing ...
Guangzhou R&F Properties and Chairman Face Court-Imposed Consumption Curbs
Aug 17, 2026
Guangzhou RF Properties Co., Ltd. has disclosed that both the company and its chairman and legal representative, Li Sze Lim, are now subject to court-imposed restrictions on high-level and non-essential consumption. The restrictions were ordered b...
Guangzhou R&F Sets Board Meeting to Approve Interim Results and Consider Dividend
Aug 17, 2026
Guangzhou RF Properties Co., Ltd. has scheduled a board meeting to be held in Hong Kong on 27 August 2026. The meeting will consider the approval and publication of the company’s interim results for the six months ended 30 June 2026 and disc...
Guangzhou R&F Properties Posts RMB8.03 Billion Cumulative Contracted Sales to July 2026
Aug 14, 2026
Guangzhou RF Properties Co., Ltd., a Hong Kong-listed Chinese real estate developer, reported unaudited contracted sales of approximately RMB683 million for July 2026, representing 61,100 square metres of gross floor area sold. At the end of July,...
Guangzhou R&F Properties Placed on China’s List of Dishonest Persons Over Unpaid Court Award
Aug 7, 2026
Guangzhou RF Properties Co., Ltd., a major mainland China-focused real estate developer listed in Hong Kong and Shanghai, has disclosed that it has been included on China’s official List of Dishonest Persons by the People’s Court of Ti...
Guangzhou R&F Discloses Major Litigation and Equity Freeze in Contract Dispute
Aug 4, 2026
Guangzhou RF Properties Co., Ltd. has disclosed that it and certain subsidiaries are involved in major litigation and an associated equity freeze, as required under Hong Kong and mainland Chinese listing rules. The move reflects the company’...
Guangzhou R&F Faces Court Enforcement on RMB1.9 Billion Loan Dispute
Jul 22, 2026
Guangzhou RF Properties Co., Ltd. has disclosed major litigation involving itself and subsidiaries, including Hainan RF Ocean World Development Co., Ltd., in a financial loan contract dispute with a bank. The case, previously reported in 2025 and ...
Guangzhou R&F Faces Court-Ordered RMB476 Million Loan Execution
Jul 15, 2026
Guangzhou RF Properties Co., Ltd. has issued an overseas regulatory announcement detailing major litigations involving the company and several subsidiaries, in line with Hong Kong listing requirements. The disclosure covers a loan contract dispute...
Guangzhou R&F Properties Placed on China’s List of Dishonest Persons After Court Enforcement
Jul 13, 2026
Guangzhou RF Properties has disclosed that it has been formally included in China’s official List of Dishonest Persons, following an enforcement action by the People’s Court of Tianhe District in Guangzhou. The designation stems from t...
Guangzhou R&F Posts RMB7.35 Billion in Unaudited Contracted Sales for First Half of 2026
Jul 10, 2026
Guangzhou RF Properties reported unaudited contracted sales of approximately RMB2.37 billion for June 2026, representing 679,100 square meters of gross floor area sold. By the end of June, cumulative contracted sales for 2026 reached about RMB7.35...
Guangzhou R&F Updates Investors on Progress of Major Loan Litigation
Jul 10, 2026
Guangzhou RF Properties has issued an overseas regulatory announcement disclosing progress in major litigation involving the company and several of its subsidiaries in a financial loan dispute with a bank’s Guangzhou branch. The case, previo...
Guangzhou R&F Updates Market on Audit Disclaimer Action Plan and Bond-Related Progress
Jul 3, 2026
Guangzhou RF Properties has issued an overseas regulatory announcement noting that a detailed document on major matters and related progress concerning its onshore corporate bonds has been published on the Shanghai Stock Exchange and mirrored on H...
Guangzhou R&F Advances Onshore Bond Restructuring With New Creditor Approval
Jul 2, 2026
Guangzhou RF Properties has provided a fresh update on its ongoing restructuring of domestic corporate bonds, reporting that holders of the H19RF2 bond, with an outstanding principal of about RMB0.377 billion, have approved the proposed restructur...
Guangzhou R&F Presses Ahead With Offshore and Onshore Debt Restructuring to Address Audit Concerns
Jun 30, 2026
Guangzhou RF Properties has provided a quarterly update on efforts to address auditors’ continued disclaimers of opinion on its 2024 and 2025 consolidated financial statements, which stem from significant going-concern uncertainties. The com...
Guangzhou R&F Properties Posts RMB1.03 Billion in May Contracted Sales
Jun 12, 2026
Guangzhou RF Properties reported unaudited contracted sales of approximately RMB1.03 billion in May 2026, representing 79,300 square metres of gross floor area sold. Cumulatively, the group achieved around RMB4.98 billion in contracted sales and 5...
Guangzhou R&F Updates Investors on Major Litigation and Enforcement Case
Jun 11, 2026
Guangzhou RF Properties has issued an overseas regulatory announcement disclosing major litigation matters involving the company and its subsidiaries, in line with dual-listing disclosure requirements in Hong Kong and Shanghai. The update highligh...
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.