Times Neighborhood Holdings Ltd. (9928) AI Stock Analysis

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Times Neighborhood Holdings Ltd.

(HKEX:9928)

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Rating:61Neutral

Price Target:HKD 0.50▲(6.67% Upside)

Action:reiterated

Date:11/07/26

The overall score is held back primarily by severe revenue declines and ongoing operating weakness, despite a strong low-leverage balance sheet, recovering profitability, and an attractive dividend yield. Technical momentum is neutral to slightly weak.

Positive Factors

Very low leverageThe conservatively financed balance sheet reduces solvency risk and provides greater resilience if operating conditions remain difficult. Substantial equity relative to assets also preserves financial flexibility, allowing the company to continue funding operations without relying heavily on additional borrowing.

Negative Factors

Severe 2025 revenue contractionThe sharp 2025 revenue contraction signals a substantial weakening in the company’s operating scale and creates a difficult base for near-term recovery. Lower revenue can reduce the ability to absorb fixed costs, pressure service economics, and make future earnings more volatile.

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

Market Cap: HKD 456.78M
Dividend Yield: 11.83%
Average Volume (3M): 484.06K
Price to Earnings (P/E): 20.9
Beta (1Y): 0.21
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

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Times Neighborhood Holdings Ltd. Financial Statement Overview

Summary

Financial performance is mixed: a resilient balance sheet and improving profitability support the score, but sharp revenue declines, persistent operating losses, and weaker recent free-cash-flow growth remain significant risks.

Income Statement

45Neutral

Balance Sheet

75Positive

Cash Flow

65Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.59B	2.50B	2.39B	2.47B	2.61B	2.72B
Gross Profit	508.96M	496.04M	487.78M	515.71M	555.89M	742.06M
EBITDA	91.32M	110.29M	125.88M	-93.97M	-171.48M	497.61M
Net Income	18.59M	17.09M	4.70M	-201.76M	-213.63M	308.00M
Balance Sheet
Total Assets	2.71B	2.66B	2.59B	2.60B	2.93B	3.27B
Cash, Cash Equivalents and Short-Term Investments	1.11B	1.18B	1.07B	941.37M	810.36M	814.33M
Total Debt	43.12M	38.90M	10.12M	8.64M	14.21M	22.33M
Total Liabilities	1.28B	1.24B	1.15B	1.14B	1.24B	1.34B
Stockholders Equity	1.34B	1.34B	1.33B	1.35B	1.57B	1.82B
Cash Flow
Free Cash Flow	56.27M	102.73M	173.09M	123.36M	61.92M	33.43M
Operating Cash Flow	68.13M	117.81M	193.43M	138.26M	73.18M	54.68M
Investing Cash Flow	-107.56M	-29.09M	-7.41M	4.32M	-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

50DMA0.47Negative

100DMA0.48Negative

200DMA0.48Negative

Market Momentum

MACD-0.00Negative

RSI44.27Neutral

STOCH53.33Neutral

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 below the 20-day moving average (MA) of 0.47, below the 50-day MA of 0.47, and below the 200-day MA of 0.48, indicating a bearish trend. The MACD of -0.00 indicates Negative momentum. The RSI at 44.27 is Neutral, neither overbought nor oversold. The STOCH value of 53.33 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
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HK:6626	74Outperform	HKD 2.72B	8.83	7.06%	7.82%	3.09%	-13.51%
HK:2156	70Neutral	HKD 3.44B	7.31	19.11%	6.13%	24.03%	12.10%
Sector *	65Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
HK:9928	61Neutral	HKD 471.51M	20.91	1.38%	11.83%	9.07%	-21.33%
HK:3319	60Neutral	HKD 2.48B	29.35	0.70%	7.92%	-2.93%	―
HK:6098	54Neutral	HKD 16.45B	24.34	1.56%	1.08%	11.42%	-55.21%
HK:1153	48Neutral	HKD 201.66M	49.62	30.35%	―	0.04%	-95.28%

* Real Estate Sector Average

Performance Comparison

HK:9928 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HK:9928	Times Neighborhood Holdings Ltd.	0.47	-0.10	-17.26%
HK:6098	Country Garden Services Holdings Co	4.87	-0.94	-16.18%
HK:3319	A-Living Smart City Services Co., Ltd. Class H	1.73	-0.71	-29.22%
HK:6626	Yuexiu Services Group Ltd.	1.79	-0.59	-24.88%
HK:1153	Jiayuan Services Holdings Limited	0.32	-0.07	-17.11%
HK:2156	C&D Property Management Group Co., Ltd.	2.40	-0.27	-10.16%

Times Neighborhood Holdings Ltd. Corporate Events

Times Neighborhood Holdings Redeems Wealth Management Products

Nov 5, 2026

Times Neighborhood Holdings Limited used surplus operating cash for treasury management by subscribing to short-term wealth management products issued by reputable financial institutions in the PRC. The products were RMB-denominated deposits with var...

Times Neighborhood Updates Cayman Islands Registered Office Address

Sep 8, 2026

Times Neighborhood Holdings Limited has announced that its registered office, along with its principal share registrar and transfer office in the Cayman Islands, has been relocated to Suite 210, 2nd Floor, Windward III, Regatta Office Park, P.O. Box...

Times Neighborhood Posts Higher Interim Profit but Cuts Core Earnings and Skips Dividend

Aug 28, 2026

Times Neighborhood Holdings Ltd. reported interim revenue of approximately RMB1,305.5 million for the six months ended 30 June 2026, up about 7.3% year on year, while net profit rose 17.5% to roughly RMB71.6 million and earnings per share increased t...

Times Neighborhood Sets August Board Meeting to Approve Interim Results and Consider Dividend

Aug 14, 2026

Times Neighborhood Holdings Limited has scheduled a board meeting for 28 August 2026 to review and approve the interim results for the six months ended 30 June 2026 and to consider their publication. The board will also discuss the potential declarat...

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: Nov 07, 2026

Times Neighborhood Holdings Ltd. AI Stock Analysis