E-Star Commercial Management Company Limited (6668) AI Stock Analysis

E-Star Commercial Management Company Limited

(HKEX:6668)

Select Model

Rating:73Outperform

Price Target:HKD 1.50▲(7.91% Upside)

Action:reiterated

Date:08/04/26

The score is driven primarily by solid profitability and strong cash generation, complemented by attractive valuation (P/E 8.0 and ~10.31% dividend yield). These positives are tempered by weakening growth (2025 revenue down -7.7%), some margin compression versus prior years, and moderate leverage versus earlier periods; technical indicators are mildly constructive but not a major tailwind.

Positive Factors

Solid profitabilitySustained double‑digit net and high operating margins indicate durable pricing power and cost structure in core services. High margins provide capacity to fund maintenance, selective growth and absorb cyclical revenue swings, supporting stability over the next 2–6 months.

Negative Factors

Revenue declineA nearly 8% revenue drop signals weakening end‑market demand or lost pricing/volume, which is structural if persistent. Falling top line constrains operating leverage and may force margin tradeoffs or slower reinvestment, weakening growth prospects over months.

E-Star Commercial Management Company Limited (6668) vs. iShares MSCI Hong Kong ETF (EWH)

Market Cap: HKD 1.41B
Dividend Yield: 9.71%
Average Volume (3M): 209.75K
Price to Earnings (P/E): 8.5
Beta (1Y): 0.44
Revenue Growth: -2.62%
EPS Growth: -3.76%
Country: Hong Kong
Employees: 817
Sector: Real Estate
Sector Strength: 65
Industry: Real Estate - Services

E-Star Commercial Management Company Limited Business Overview & Revenue Model

Company Description

E-Star Commercial Management Company Limited operates as an investment holding company, specializing in providing extensive operational services for commercial properties across the People's Republic of China. The company assists both property owners...

How the Company Makes Money

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E-Star Commercial Management Company Limited Financial Statement Overview

Summary

Strong profitability and cash conversion support the score (2025 net margin ~24% and free cash flow roughly tracking net income, with FCF up ~29.5% in 2025). Offsetting this, revenue declined in 2025 (-7.7%) and margins have compressed versus 2021–2023, while leverage is higher than earlier years with moderate debt-to-equity (~0.54x in 2024–2025) and weaker operating cash flow coverage of debt (~0.52 in 2025).

Income Statement

71Positive

Balance Sheet

63Positive

Cash Flow

74Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	579.15M	582.90M	644.54M	635.01M	561.85M	572.21M
Gross Profit	271.75M	278.27M	297.91M	333.56M	313.04M	330.43M
EBITDA	229.87M	233.59M	241.63M	323.65M	259.04M	263.60M
Net Income	140.81M	142.63M	154.47M	171.10M	154.28M	184.92M
Balance Sheet
Total Assets	2.30B	2.29B	2.28B	2.32B	2.14B	1.43B
Cash, Cash Equivalents and Short-Term Investments	1.36B	1.34B	1.37B	1.43B	1.26B	1.26B
Total Debt	634.28M	681.62M	669.42M	695.41M	690.53M	68.73M
Total Liabilities	1.02B	1.02B	1.02B	1.05B	961.15M	293.70M
Stockholders Equity	1.28B	1.27B	1.25B	1.26B	1.15B	1.12B
Cash Flow
Free Cash Flow	221.80M	174.11M	167.68M	298.04M	157.84M	182.55M
Operating Cash Flow	222.44M	174.61M	168.22M	299.34M	161.93M	199.76M
Investing Cash Flow	73.89M	-225.97M	190.34M	-152.60M	-4.22M	-667.12M
Financing Cash Flow	-141.42M	-141.52M	-194.87M	-85.72M	-118.17M	772.05M

E-Star Commercial Management Company Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price1.39

Price Trends

50DMA1.38Positive

100DMA1.32Positive

200DMA1.31Positive

Market Momentum

MACD0.00Negative

RSI53.52Neutral

STOCH75.56Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6668, the sentiment is Positive. The current price of 1.39 is above the 20-day moving average (MA) of 1.38, above the 50-day MA of 1.38, and above the 200-day MA of 1.31, indicating a bullish trend. The MACD of 0.00 indicates Negative momentum. The RSI at 53.52 is Neutral, neither overbought nor oversold. The STOCH value of 75.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:6668.

E-Star Commercial Management Company Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

HK:6668 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HK:2156	77Outperform	HKD 3.48B	7.47	19.11%	6.07%	24.03%	12.10%
HK:0816	74Outperform	HKD 1.91B	7.33	13.94%	9.00%	18.19%	-18.47%
HK:6668	73Outperform	HKD 1.41B	8.48	11.06%	9.71%	-2.62%	-3.76%
Sector *	65Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
HK:6989	62Neutral	HKD 591.87M	6.80	1.94%	28.74%	2.96%	-72.77%
HK:2270	56Neutral	HKD 3.66B	471.90	1.89%	―	10.45%	-81.93%
HK:9909	49Neutral	HKD 1.17B	5.18	5.40%	―	1.10%	-2.25%

* Real Estate Sector Average

Performance Comparison

HK:6668 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HK:6668	E-Star Commercial Management Company Limited	1.39	0.15	12.19%
HK:9909	Powerlong Commercial Management Holdings Limited	1.82	-0.78	-30.08%
HK:2156	C&D Property Management Group Co., Ltd.	2.47	-0.25	-9.29%
HK:2270	Desun Real Estate Investment Services Group Co., Ltd.	5.89	2.55	76.50%
HK:6989	Excellence Commercial Property & Facilities Management Group Limited	0.48	-0.54	-52.45%
HK:0816	Jinmao Property Services Co., Ltd.	2.11	-0.44	-17.12%

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: Aug 04, 2026

E-Star Commercial Management Company Limited AI Stock Analysis