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Times Neighborhood Holdings Ltd. (9928) AI Stock Analysis

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HK:9928

Times Neighborhood Holdings Ltd.

(HKEX:9928)

Select Model
Rating:62Neutral
Price Target:HKD 0.53â–²(13.98% Upside)
Action:reiterated
Date:08/06/26

The score is primarily supported by a strong, low-leverage balance sheet and consistently positive free cash flow, reducing financial risk. This is tempered by weak operating performance—especially the severe 2025 revenue decline and thin/negative operating margins—while technicals are largely neutral and valuation is mixed (high dividend yield but a relatively high P/E).

Positive Factors
Conservative balance sheet / low leverageVery low leverage materially reduces solvency and refinancing risk in a cyclical real estate sector. A conservatively financed balance sheet gives the firm flexibility to fund development timing, withstand market downturns, and pursue selective investments or dividends without urgent deleveraging.
Negative Factors
Severe 2025 revenue contractionA >90% revenue drop in 2025 indicates acute project timing or sales recognition issues that materially reduce scale and operating leverage. Such a contraction undermines sustainable revenue run-rate, limits reinvestment capacity, and raises execution risk for near-term project pipelines and cash flow predictability.

Times Neighborhood Holdings Ltd. (9928) vs. iShares MSCI Hong Kong ETF (EWH)

-15%-10%-5%0%5%10%15%20%HK:9928-6.63%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 456.78M
Dividend Yield
11.83%
Average Volume (3M)
475.24K
Price to Earnings (P/E)
20.9
Beta (1Y)
0.20
Revenue Growth
9.07%
EPS Growth
-21.33%
Country
Hong Kong
Employees
4,563
Sector
Real Estate
Sector Strength
65
Industry
Real Estate - Services

Times Neighborhood Holdings Ltd. Business Overview & Revenue Model

Company Description

Established in 1998 and based in Guangzhou, People's Republic of China, Times Neighborhood Holdings Limited specializes in delivering a broad spectrum of property management and related solutions. The company serves a diverse clientele throughout the...

How the Company Makes Money

null

Times Neighborhood Holdings Ltd. Financial Statement Overview

Summary

Financial stability is supported by a conservatively financed balance sheet (very low leverage) and consistently positive operating and free cash flow. However, fundamentals are constrained by weak and volatile earnings: a sharp 2025 revenue contraction (-91.5%), thin 2025 net margin (~0.7%), and slightly negative 2025 EBIT margin (~-1.0%) indicate fragile profitability despite the return to small profits.

Income Statement

44Neutral

Balance Sheet

78Positive

Cash Flow

66Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue2.59B2.50B2.39B2.47B2.61B2.72B
Gross Profit508.96M496.04M487.78M515.71M555.89M742.06M
EBITDA91.32M110.29M125.88M-93.97M-171.48M497.61M
Net Income18.59M17.09M4.70M-201.76M-213.63M308.00M
Balance Sheet
Total Assets2.71B2.66B2.59B2.60B2.93B3.27B
Cash, Cash Equivalents and Short-Term Investments1.11B1.18B1.07B941.37M810.36M814.33M
Total Debt43.12M38.90M10.12M8.64M14.21M22.33M
Total Liabilities1.28B1.24B1.15B1.14B1.24B1.34B
Stockholders Equity1.34B1.34B1.33B1.35B1.57B1.82B
Cash Flow
Free Cash Flow56.27M102.73M173.09M123.36M61.92M33.43M
Operating Cash Flow68.13M117.81M193.43M138.26M73.18M54.68M
Investing Cash Flow-107.56M-29.09M-7.41M4.32M-19.41M-176.40M
Financing Cash Flow-12.74M-53.49M-33.02M-33.75M-58.67M-101.92M

Times Neighborhood Holdings Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price0.47

Price Trends

50DMA0.48Negative
100DMA0.48Negative
200DMA0.49Negative

Market Momentum

MACD-0.00Negative
RSI41.81Neutral
STOCH41.67Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9928, the sentiment is Negative. The current price of 0.47 is above the 20-day moving average (MA) of 0.46, below the 50-day MA of 0.48, and below the 200-day MA of 0.49, indicating a bearish trend. The MACD of -0.00 indicates Negative momentum. The RSI at 41.81 is Neutral, neither overbought nor oversold. The STOCH value of 41.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9928.

Times Neighborhood Holdings Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

HK:9928 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:2156HK:215677OutperformHKD 3.48B7.4719.11%6.07%24.03%12.10%
HK:6626HK:662674OutperformHKD 2.60B8.517.06%8.09%3.09%-13.51%
Sector *65Neutral$2.17B12.193.79%4.94%3.15%1.96%
HK:9928HK:992862NeutralHKD 456.78M20.881.38%11.83%9.07%-21.33%
HK:3319HK:331960NeutralHKD 2.67B31.910.70%7.27%-2.93%―
HK:6098HK:609857NeutralHKD 16.30B24.461.56%1.09%11.42%-55.21%
HK:1153HK:115347NeutralHKD 215.11M50.2830.35%―0.04%-95.28%

* Real Estate Sector Average

Performance Comparison

-20%0%20%HK:9928HK:6098HK:3319HK:6626HK:1153HK:2156Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:9928 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:9928Times Neighborhood Holdings Ltd.0.47-0.03-6.63%
HK:6098Country Garden Services Holdings Co 4.90-0.71-12.70%
HK:3319A-Living Smart City Services Co., Ltd. Class H1.88-0.47-20.07%
HK:6626Yuexiu Services Group Ltd.1.73-0.64-26.85%
HK:1153Jiayuan Services Holdings Limited0.32-0.08-20.00%
HK:2156C&D Property Management Group Co., Ltd.2.47-0.25-9.29%

Times Neighborhood Holdings Ltd. Corporate Events

Times Neighborhood Wins Shareholder Backing for Dividend and Capital Mandates at AGM

May 28, 2026

Times Neighborhood Holdings Limited reported that all resolutions at its 28 May 2026 annual general meeting were approved by shareholders via poll, with no shares subject to voting restrictions or abstention requirements under the Hong Kong listing r...

Times Neighborhood Sets Final 2025 Dividend and HKD Payout Terms

May 28, 2026

Times Neighborhood Holdings Limited has declared a final ordinary dividend of RMB 0.048 per share for the financial year ended 31 December 2025, with shareholders approving the payout on 28 May 2026. The dividend will be paid in Hong Kong dollars at...

Times Neighborhood Revamps Company Secretary and Governance Roles

May 28, 2026

Times Neighborhood Holdings Limited has announced a change in key governance roles, with company secretary and authorised representative Ms. Ng Sau Mei resigning effective 28 May 2026. The board noted that Ms. Ng has no disagreement with directors an...

Times Neighborhood Boosts Wealth Management Investments With RMB60 Million Subscriptions

May 22, 2026

Times Neighborhood Holdings Limited has expanded its deployment of surplus cash into wealth management products through its wholly owned subsidiary Shidai Xinhui. On 22 May 2026, the subsidiary made an additional RMB30 million subscription to an exis...

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 06, 2026