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3688 Stock Chart & Stats
HK$0.36
<HK$0.01(1.01%)
At close: 4:00 PM EST
HK$0.36
<HK$0.01(1.01%)
Day’s Range― - ―
52-Week RangeHK$0.04 - HK$0.98
Previous CloseN/A
Volume2.50K
Average Volume (3M)42.05K
Market Cap
HK$233.10M
Enterprise ValueHK$4.73K
Total Cash (Recent Filing)HK$650.73M
Total Debt (Recent Filing)HK$5.36B
Price to Earnings (P/E)―
Beta0.36
Next Earnings
Apr 01, 2027EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend Yield3.66%
Share Statistics
EPS (TTM)-1.76
Shares Outstanding1,412,732,400
10 Day Avg. Volume16,350
30 Day Avg. Volume42,050
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.17
Price to Sales (P/S)0.40
P/FCF Ratio-7.15
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)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Mixed Property Development And Investment ModelCombining property development with investment and operating activities gives the company more than one route to generate revenue. Development can provide project-sale proceeds, while held assets may support recurring rental or operating income, creating a broader platform than a single-activity model.
Equity Remains PositivePositive equity provides an existing capital base and indicates that the company has not yet reached an equity-impairment position. This offers some balance-sheet resilience while management addresses weaker profitability and higher leverage, even though the declining equity trend remains a concern.
Prior Cash-generation CapabilitySeveral years of positive operating and free cash flow demonstrate that the business has previously converted operations into cash and supported internal funding. That history is a useful underlying capability, although its durability now depends on reversing the negative cash flow recorded in 2025.
Bears Say
Severe Profitability DeteriorationDeeply negative gross and net margins indicate that current revenue is not covering the company’s underlying cost base, making earnings recovery dependent on a substantial operational improvement. Contracting revenue compounds the problem by reducing scale and limiting the scope for near-term margin absorption.
Rising Leverage And Shrinking EquityHigher leverage alongside a shrinking equity base reduces financial flexibility and increases the sensitivity of the business to further losses. It can also constrain capital allocation and make funding growth or absorbing prolonged property-market weakness more difficult over the next several quarters.
Renewed Cash BurnThe return to negative operating and free cash flow signals that reported activity is no longer generating sufficient cash internally. This weakens funding flexibility precisely as leverage is elevated, increasing reliance on balance-sheet resources or external financing if the downturn persists.
Top Spring International Holdings Limited News
3688 FAQ
What was Top Spring International Holdings Limited’s price range in the past 12 months?
Top Spring International Holdings Limited lowest stock price was HK$0.04 and its highest was HK$0.98 in the past 12 months.
What is Top Spring International Holdings Limited’s market cap?
Top Spring International Holdings Limited’s market cap is HK$233.10M.
When is Top Spring International Holdings Limited’s upcoming earnings report date?
Top Spring International Holdings Limited’s upcoming earnings report date is Apr 01, 2027 which is in 179 days.
How were Top Spring International Holdings Limited’s earnings last quarter?
Top Spring International Holdings Limited released its earnings results on Aug 28, 2026. The company reported -HK$0.229 earnings per share for the quarter.
Is Top Spring International Holdings Limited overvalued?
According to Wall Street analysts Top Spring International Holdings Limited’s price is currently Overvalued.
Does Top Spring International Holdings Limited pay dividends?
Top Spring International Holdings Limited pays a Annually dividend of HK$0.01 which represents an annual dividend yield of 3.66%. See more information on Top Spring International Holdings Limited dividends here
What is Top Spring International Holdings Limited’s EPS estimate?
Top Spring International Holdings Limited’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Top Spring International Holdings Limited have?
Top Spring International Holdings Limited has 1,412,732,400 shares outstanding.
What happened to Top Spring International Holdings Limited’s price movement after its last earnings report?
Top Spring International Holdings Limited reported an EPS of -HK$0.229 in its last earnings report. Following the earnings report the stock price went down -7.556%.
Which hedge fund is a major shareholder of Top Spring International Holdings Limited?
Currently, no hedge funds are holding shares in HK:3688
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Company Description
Top Spring International Holdings Limited
Top Spring International Holdings Limited operates as an investment holding company, primarily focusing on real estate development within the People's Republic of China. Its diverse operations are categorized into four main segments: property development, real estate investment, property management and associated services, and education-related services. The company specializes in creating and managing urban mixed-use communities, alongside constructing and selling residential properties across key economic zones in China, including the Greater Bay Area, the Yangtze River Delta, Central China, the Beijing-Tianjin area, and the Chengdu-Chongqing region. Beyond development, Top Spring generates revenue through leasing various assets such as shopping centers, clubhouses, serviced apartments, and parking facilities. It also offers comprehensive property management and related services, including decoration, to its property owners and tenants. Furthermore, the company provides educational services and products to students, in addition to offering investment management expertise. As of December 31, 2021, Top Spring's portfolio encompassed 22 property projects at different stages of development, situated in approximately 11 cities. These locations include prominent Chinese hubs like Shenzhen, Dongguan, Shanghai, Nanjing, Chengdu, Hangzhou, Tianjin, Changzhou, and Kunming, as well as Hong Kong and Sydney, Australia, collectively covering a total net saleable or leasable gross floor area of roughly 335,519 square meters. Established in 2001, the company was initially known as Top Spring Holdings Limited before adopting its current name in September 2009. Its corporate headquarters are located in Wan Chai, Hong Kong.
Technical Analysis
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