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Everbright Grand China Assets Ltd. (3699) AI Stock Analysis

HK:3699

Everbright Grand China Assets Ltd.

(HKEX:3699)

Select Model
Rating:84Outperform
Price Target:HKD 0.61â–²(16.92% Upside)
Action:reiterated
Date:09/09/26

The score is driven primarily by a fortress-like balance sheet, solid margins and recovering cash flows, supported by an attractive combination of low P/E and decent dividend yield, while moderately positive technical trends and some revenue and profit volatility keep the rating in the mid‑80s rather than higher.

Positive Factors
Very Low LeverageAn exceptionally conservative balance sheet reduces refinancing pressure and solvency risk, giving the company greater resilience through weaker investment conditions. Minimal leverage also preserves financial flexibility to support portfolio companies, fund investments, or maintain distributions without relying heavily on debt.
Negative Factors
Uneven Revenue TrajectoryRevenue declines across 2022–2024, followed by a rebound in 2025, show that top-line performance has been uneven rather than steadily expanding. For an investment holding company, this variability can make recurring earnings less predictable and complicate the timing of portfolio investment and capital allocation decisions.

Everbright Grand China Assets Ltd. (3699) vs. iShares MSCI Hong Kong ETF (EWH)

-10%0%10%20%30%40%50%HK:3699+41.30%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 229.53M
Dividend Yield
3.56%
Average Volume (3M)
136.44K
Price to Earnings (P/E)
11.2
Beta (1Y)
0.51
Revenue Growth
-2.10%
EPS Growth
-25.04%
Country
Hong Kong
Employees
107
Sector
Real Estate
Sector Strength
65
Industry
Real Estate - Services

Everbright Grand China Assets Ltd. Business Overview & Revenue Model

Company Description

Everbright Grand China Assets Limited functions as an investment holding enterprise, primarily engaged in the provision of property leasing and management services. These operations are predominantly conducted in Chengdu and Kunming, People's Republi...

How the Company Makes Money

The company makes money primarily through returns generated from its investment activities. Key revenue and profit sources typically include (i) investment income such as dividends and distributions received from subsidiaries, associates, and other i...

Everbright Grand China Assets Ltd. Financial Statement Overview

Summary

Strong profitability with ~75% gross margins and 39% net margin in 2025, negligible leverage and growing assets, alongside rebounding operating and free cash flows, offset by revenue volatility and a drop in 2025 net profit.

Income Statement

82Very Positive

Balance Sheet

95Very Positive

Cash Flow

75Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue46.11M49.93M45.91M46.78M52.30M52.68M
Gross Profit40.33M49.93M45.91M34.62M38.51M39.61M
EBITDA29.34M32.92M30.56M27.70M30.34M45.74M
Net Income17.43M19.53M25.26M19.26M22.05M32.67M
Balance Sheet
Total Assets1.22B1.22B1.21B1.19B1.18B1.17B
Cash, Cash Equivalents and Short-Term Investments229.79M235.50M231.50M222.21M214.91M203.77M
Total Debt1.84M2.48M211.00K1.43M2.59M10.47M
Total Liabilities223.18M225.68M217.35M221.94M215.97M227.01M
Stockholders Equity996.76M999.16M991.84M972.36M965.29M940.73M
Cash Flow
Free Cash Flow8.46M14.53M8.52M13.52M11.26M18.68M
Operating Cash Flow8.69M14.57M8.63M13.91M11.32M18.75M
Investing Cash Flow-105.34M-101.36M73.44M-359.00K-59.60M-1.18M
Financing Cash Flow-10.56M-10.56M-7.34M-14.30M-12.78M-27.91M

Everbright Grand China Assets Ltd. Technical Analysis

Technical Analysis SentimentPositive
Last Price0.52

Price Trends

50DMA0.46Positive
100DMA0.43Positive
200DMA0.40Positive

Market Momentum

MACD0.01Positive
RSI58.12Neutral
STOCH44.69Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3699, the sentiment is Positive. The current price of 0.52 is above the 20-day moving average (MA) of 0.51, above the 50-day MA of 0.46, and above the 200-day MA of 0.40, indicating a bullish trend. The MACD of 0.01 indicates Positive momentum. The RSI at 58.12 is Neutral, neither overbought nor oversold. The STOCH value of 44.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3699.

Everbright Grand China Assets Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

HK:3699 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:3699HK:369984OutperformHKD 229.53M11.171.75%3.56%-2.10%-25.04%
HK:2156HK:215677OutperformHKD 3.48B7.4719.11%6.07%24.03%12.10%
HK:1895HK:189570OutperformHKD 171.98M1.5015.16%13.17%4.17%10.89%
Sector *65Neutral$2.17B12.193.79%4.94%3.15%1.96%
HK:2168HK:216852NeutralHKD 148.53M15.020.80%―-1.70%-48.38%
HK:2107HK:210750NeutralHKD 416.12M-4.49-10.95%10.00%-0.09%-101.15%
HK:2215HK:221546NeutralHKD 124.83M-0.45-52.88%―1.89%-805.91%

* Real Estate Sector Average

Performance Comparison

-50%0%50%HK:3699HK:1895HK:2107HK:2156HK:2168HK:2215Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:3699 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:3699Everbright Grand China Assets Ltd.0.520.1541.30%
HK:1895Xinyuan Property Management Service (Cayman) Ltd.0.29-0.24-45.28%
HK:2107First Service Holding Limited0.340.0933.33%
HK:2156C&D Property Management Group Co., Ltd.2.47-0.25-9.29%
HK:2168Kaisa Prosperity Holdings Ltd.0.89-0.80-47.63%
HK:2215Dexin Services Group Ltd.0.14-0.33-71.06%

Everbright Grand China Assets Ltd. Corporate Events

Everbright Grand China Assets Profit Falls as Revenue Declines, Dividend Maintained

Aug 26, 2026

Everbright Grand China Assets Limited reported interim revenue of about RMB20.6 million for the six months ended 30 June 2026, a decline of roughly RMB3.9 million from a year earlier. The group’s profit attributable to equity shareholders fell...

Everbright Grand China Assets Declares Interim Dividend for First Half of 2026

Aug 26, 2026

Everbright Grand China Assets Limited declared an interim ordinary dividend of RMB 0.0058 per share for the six months ended 30 June 2026, corresponding to HKD 0.0067 per share based on a specified exchange rate. The ex-dividend date is set for 8 Oct...

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.

Date of analysis: Sep 09, 2026