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Guangzhou R&F Properties Co
(2777)
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Rating:43Neutral
Price Target:
HK$0.18
▼(-8.00% Downside)
Action:Reiterated
Date:10/13/26
The score is held down primarily by very weak financial performance—persistent large losses and negative equity create elevated solvency and refinancing risk. Technicals are supportive in the near term (price above major moving averages and positive MACD), but overbought signals (high RSI/Stoch) temper the setup. Valuation provides limited support due to negative earnings and no dividend yield data.
Positive Factors
2025 Revenue Rebound
The 2025 revenue rebound indicates that the company retained some ability to generate sales despite a difficult operating environment. If sustained through project deliveries and property transactions, improving revenue can support better fixed-cost absorption and provide a base for eventual earnings stabilization.
Negative Factors
Negative Equity and Extreme Leverage
The move into negative equity materially weakens the company’s solvency position and leaves creditors with less capital protection. Very high debt relative to capital also restricts refinancing flexibility, increases pressure on asset sales and cash generation, and limits funding available for future development.
Read all positive and negative factors
Positive Factors
Negative Factors
2025 Revenue Rebound
The 2025 revenue rebound indicates that the company retained some ability to generate sales despite a difficult operating environment. If sustained through project deliveries and property transactions, improving revenue can support better fixed-cost absorption and provide a base for eventual earnings stabilization.
Read all positive factors
Guangzhou R&F Properties Co (2777) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$694.19M
Dividend Yield119.11%
Average Volume (3M)4.29M
Price to Earnings (P/E)―
Beta (1Y)0.99
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. Volume2,205,080
30 Day Avg. Volume4,287,636
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 | -7.67B | -7.12B | -4.66B | -6.40B | 643.93M | -8.73B |
| 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
0.18
Positive
0.20
Negative
0.33
Negative
Market Momentum
<0.01
Positive
47.19
Neutral
7.94
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 below the 20-day moving average (MA) of 0.20, above the 50-day MA of 0.18, and below the 200-day MA of 0.33, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 47.19 is Neutral, neither overbought nor oversold. The STOCH value of 7.94 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 |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | HK$217.21B | 7.88 | 8.04% | 4.40% | -11.74% | -11.38% | |
51 Neutral | HK$138.89B | 10.66 | 2.82% | 3.78% | 4.14% | -16.76% | |
51 Neutral | HK$6.59B | 0.27 | -106.41% | 8.02% | -41.85% | ― | |
47 Neutral | HK$31.39B | -96.20 | -0.14% | 4.16% | -41.83% | -102.04% | |
44 Neutral | HK$41.32B | -0.45 | -79.94% | 7.60% | -35.13% | -45.10% | |
43 Neutral | HK$694.19M | -0.03 | 256.28% | 119.11% | 38.77% | 7.00% |
* Real Estate Sector Average
HK:2777
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Guangzhou R&F Properties Co Corporate Events
Guangzhou R&F Publishes Debt Restructuring Update for Hong Kong Investors
Oct 30, 2026
Guangzhou RF Properties has issued an overseas regulatory announcement outlining the latest information on the proposed restructuring of its In-Scope Debt, including Easy Tactic Notes, as referenced in a series of prior disclosures. The company ha...
Guangzhou R&F Properties Flags Court-Imposed High-Consumption Restrictions on Company and Chairman
Oct 26, 2026
Guangzhou RF Properties disclosed that both the company and chairman Li Sze Lim have recently been placed under court-imposed restrictions on high-level consumption in China. The move stems from an enforcement action by the Hengqin Guangdong-Macao...
Guangzhou R&F Updates Investors on Litigation Progress and Failed Asset Auctions
Oct 23, 2026
Guangzhou RF Properties has issued an overseas regulatory announcement to mirror a Shanghai Stock Exchange filing on major matters and related progress, in line with Hong Kong listing rules. The disclosure underscores the company’s dual-list...
R&F Properties Gains RMB283 Million From JV Exit to Ease Liquidity Strain
Oct 22, 2026
Guangzhou RF Properties has disclosed further details of a previously announced disposal of its 33.34% stake in a joint-venture target company formed with KWG and Sun Hung Kai Properties (China). The final consideration for the sale rose to RMB283...
Guangzhou R&F Properties Faces RMB592 Million Equity Freeze in Loan Dispute
Oct 21, 2026
Guangzhou RF Properties has issued an overseas regulatory announcement disclosing progress in ongoing litigation over a financial loan dispute with a bank involving the company and several subsidiaries. The case, previously reported in August and ...
Guangzhou R&F posts consent solicitation results in overseas regulatory update
Oct 20, 2026
Guangzhou RF Properties has issued an overseas regulatory announcement to update investors on the results of its consent solicitations related to its notes listed on the Singapore Exchange. The company is reposting the related document on the Hong...
Guangzhou R&F Highlights Amended Debt Restructuring Disclosure Rules
Oct 20, 2026
Guangzhou RF Properties has issued an overseas regulatory announcement to inform investors about an amended restructuring support arrangement connected to its Easy Tactic Notes and other in-scope debt, aligning with disclosure rules in Hong Kong. ...
Guangzhou R&F Faces Court-Ordered Freeze on Project Equity Amid Loan Dispute
Oct 20, 2026
Guangzhou RF Properties has issued an overseas regulatory announcement to align disclosures between the Hong Kong and Shanghai exchanges, highlighting a major matter involving the company and its subsidiaries. The notice reiterates that a prior di...
Guangzhou R&F Posts RMB9.71 Billion in Unaudited 2026 Contracted Sales
Oct 16, 2026
Guangzhou RF Properties Co., Ltd. reported unaudited contracted sales of approximately RMB855 million in September 2026, corresponding to 85,000 square metres of gross floor area sold. By the end of September, cumulative contracted sales for 2026 ...
Guangzhou R&F Properties Flagged as Dishonest Debtor in Mainland Court Ruling
Oct 15, 2026
Guangzhou RF Properties Co., Ltd., a major Chinese real estate developer and active corporate bond issuer, has disclosed an important regulatory development affecting its standing in the domestic market. The company’s securities are listed i...
Guangzhou R&F Aligns Bond Disclosures as Court Imposes Spending Curbs on Subsidiaries
Oct 13, 2026
Guangzhou RF Properties Co., Ltd. has issued an overseas regulatory announcement to align disclosures between the Shanghai and Hong Kong exchanges, referencing a major matters update published on the Shanghai Stock Exchange. The notice confirms th...
Guangzhou R&F Flags Court-Imposed Restrictions on Chairman Amid Bond Disclosure
Oct 9, 2026
Guangzhou RF Properties has issued an overseas regulatory announcement to inform investors about major matters related to its onshore corporate bonds. The company has disclosed that it and its chairman, Li Sze Lim, have recently become subject to ...
Guangzhou R&F Updates Market on Audit Remediation and Bond Disclosure Progress
Sep 30, 2026
Guangzhou RF Properties has issued an overseas regulatory announcement detailing major matters and progress concerning its corporate bonds during their term, in line with disclosure rules in Hong Kong and Shanghai. The company confirms that releva...
Guangzhou R&F Advances Onshore and Offshore Debt Restructuring to Address Auditor’s Disclaimer
Sep 30, 2026
Guangzhou RF Properties has provided a quarterly update on its efforts to address the auditor’s disclaimer of opinion on its 2024 and 2025 consolidated financial statements, which stemmed from significant going-concern uncertainties. The com...
Guangzhou R&F Subsidiary and Chairman Hit with Court Consumption Curbs
Sep 28, 2026
Guangzhou RF Properties disclosed that its subsidiary Chengdu Panda Universal City Co., Ltd. and the group’s legal representative and chairman, Li Sze Lim, have been placed under court-imposed restrictions on high-level and non-essential con...
Guangzhou R&F Unit Seeks Noteholder Consent to Amend Offshore Senior Notes
Sep 28, 2026
Easy Tactic Limited, an indirect wholly owned subsidiary of Guangzhou RF Properties, has launched consent solicitations for holders of its 6.5% Cash / 7.5% PIK senior notes due 2025, 2027 and 2028, all listed on the Singapore Exchange. The company...
Guangzhou R&F Updates Markets on Chongqing Loan Dispute Ruling
Sep 21, 2026
Guangzhou RF Properties has issued an overseas regulatory announcement to mirror on Hong Kong’s HKExnews the disclosure already made on the Shanghai Stock Exchange regarding major matters and case progress. This cross-market publication unde...
Guangzhou R&F Flags Legal Consumption Curbs on Chairman in Bond Disclosure
Sep 17, 2026
Guangzhou RF Properties has issued an overseas regulatory announcement to align disclosures between the Shanghai and Hong Kong stock exchanges, publishing details of a major matters notice concerning its corporate bonds. The move underscores the c...
Guangzhou R&F Discloses Major Litigation Over RMB473 Million Loan
Sep 14, 2026
Guangzhou RF Properties Co., Ltd. is a PRC-based joint stock property developer listed in Hong Kong under stock code 2777, and it has several outstanding corporate bond series traded in the domestic Chinese market. The group’s operations enc...
Guangzhou R&F Properties Posts RMB823 Million in August Contracted Sales
Sep 11, 2026
Guangzhou RF Properties reported unaudited contracted sales of approximately RMB823 million for August 2026, corresponding to 70,700 square metres of gross floor area sold. By the end of August, cumulative contracted sales reached around RMB8.85 b...
Guangzhou R&F Properties Reports Court-Imposed High-Consumption Restrictions
Sep 10, 2026
Guangzhou RF Properties has disclosed that both the company and Chairman Li Sze Lim have recently been placed under restrictions on high-level consumption by the People’s Court of Tianhe District in Guangzhou. The restrictions, imposed durin...
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’...
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.