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Fineland Real Estate Services Group
(9978)
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Rating:42Neutral
Price Target:
HK$2.50
▲(2400.00% Upside)
Action:Reiterated
Date:09/12/26
The score is held down primarily by weak financial performance—shrinking revenues, ongoing losses, and especially negative equity—despite low debt and some positive free cash flow. Technicals add support from a strong uptrend, but extremely overbought RSI/Stoch readings raise near-term downside risk. Valuation provides limited support because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Very low debt
Very low debt limits refinancing risk and reduces the cash burden from interest obligations. This gives the company greater financial flexibility than a highly leveraged peer, although the benefit is partly offset by negative equity and the broader deterioration in its balance-sheet position.
Negative Factors
Multi-year revenue decline
A multi-year revenue contraction indicates weakening business scale and limits the operating leverage available to the company. Continued top-line pressure can make it harder to absorb fixed costs, invest in service capabilities, and restore sustainable profitability over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low debt
Very low debt limits refinancing risk and reduces the cash burden from interest obligations. This gives the company greater financial flexibility than a highly leveraged peer, although the benefit is partly offset by negative equity and the broader deterioration in its balance-sheet position.
Read all positive factors
Fineland Real Estate Services Group (9978) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.24B
Dividend Yield1.52%
Average Volume (3M)1.82M
Price to Earnings (P/E)―
Beta (1Y)0.97
Revenue Growth0.94%
EPS Growth44.16%
CountryHK
Employees1,379
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.10
Shares Outstanding400,000,000
10 Day Avg. Volume1,225,230
30 Day Avg. Volume1,817,233
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)-1.42
Price to Sales (P/S)0.09
P/FCF Ratio3.84
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
Fineland Real Estate Services Group Business Overview & Revenue Model
Company Description
Fineland Living Services Group Ltd. engages in the provision of real estate agency services. It operates through the Provision of Comprehensive Real Estate Agency Services and Provision of Property Management Services....
Fineland Real Estate Services Group Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
22
Negative
Cash Flow
47
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 337.97M | 341.68M | 369.10M | 426.78M | 511.94M | 571.41M |
| Gross Profit | 53.01M | 52.56M | 59.27M | 87.03M | 102.27M | 138.61M |
| EBITDA | -21.22M | -39.09M | -78.22M | -56.90M | 34.56M | 38.69M |
| Net Income | -37.43M | -51.12M | -76.93M | -60.61M | 18.16M | 20.20M |
Balance Sheet | ||||||
| Total Assets | 298.00M | 300.08M | 366.74M | 478.29M | 573.84M | 454.17M |
| Cash, Cash Equivalents and Short-Term Investments | 66.69M | 70.60M | 65.78M | 92.52M | 118.20M | 90.84M |
| Total Debt | 584.89K | 730.31K | 994.00K | 20.57M | 35.94M | 3.99M |
| Total Liabilities | 287.50M | 293.68M | 281.02M | 305.37M | 336.33M | 249.12M |
| Stockholders Equity | -11.78M | -20.50M | 34.05M | 112.77M | 173.24M | 158.84M |
Cash Flow | ||||||
| Free Cash Flow | 24.90M | 7.58M | 9.78M | 88.00K | 15.78M | -21.92M |
| Operating Cash Flow | 25.46M | 7.94M | 11.97M | 4.82M | 17.06M | -17.83M |
| Investing Cash Flow | 484.38K | 1.47M | -8.82M | -11.15M | -20.39M | -23.08M |
| Financing Cash Flow | -6.82M | -5.50M | -26.51M | -23.36M | 30.81M | -7.20M |
Fineland Real Estate Services Group Technical Analysis
Positive
0.10
Price Trends
1.88
Positive
1.06
Positive
0.57
Positive
Market Momentum
0.29
Positive
59.77
Neutral
60.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9978, the sentiment is Positive. The current price of 0.1 is below the 20-day moving average (MA) of 2.91, below the 50-day MA of 1.88, and below the 200-day MA of 0.57, indicating a bullish trend. The MACD of 0.29 indicates Positive momentum. The RSI at 59.77 is Neutral, neither overbought nor oversold. The STOCH value of 60.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:9978.
Fineland Real Estate Services Group Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$171.98M | 1.51 | 15.16% | 13.17% | 4.17% | 10.89% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | HK$225.19M | 52.20 | 30.35% | 114.57% | 0.04% | -95.28% | |
65 Neutral | HK$456.78M | 21.24 | 1.38% | 11.70% | 9.07% | -21.33% | |
60 Neutral | HK$256.60M | 8.67 | 0.58% | 3.07% | 6.05% | 37.17% | |
55 Neutral | HK$2.34B | 28.27 | 0.70% | 8.26% | -2.93% | ― | |
42 Neutral | HK$1.24B | -25.72 | 231.90% | 1.52% | 0.94% | 44.16% |
* Real Estate Sector Average
HK:9978
Fineland Real Estate Services Group
2.99
2.92
3940.54%
HK:1778
Colour Life Services Group Co
0.14
-0.06
-31.00%
HK:3319
A-Living Smart City Services Co., Ltd. Class H
1.66
-1.06
-38.95%
HK:9928
Times Neighborhood Holdings Ltd.
0.47
>-0.01
-0.21%
HK:1153
Jiayuan Services Holdings Limited
0.33
-0.15
-31.25%
HK:1895
Xinyuan Property Management Service (Cayman) Ltd.
0.29
-0.22
-43.14%
Fineland Real Estate Services Group Corporate Events
Fineland Living Services Wins Shareholder Backing for Major Share Subscription
Sep 30, 2026
Fineland Living Services Group Limited has secured shareholder approval at its extraordinary general meeting held on 30 September 2026 for a major share subscription transaction. The resolutions authorize the subscription of up to 370,000,000 new ...
Fineland Living Services Updates Market on Possible Mandatory Cash Offer
Sep 16, 2026
Fineland Living Services Group Limited, a Hong Kong-listed provider of property-related living services, operates in the real estate services industry with a focus on community and lifestyle support for residential developments. Its corporate and ...
Fineland Living Services Seeks Shareholder Approval for Major Share and Warrant Subscriptions
Sep 10, 2026
Fineland Living Services Group Limited has convened an extraordinary general meeting for 30 September 2026 in Guangzhou to seek shareholder approval for a share subscription agreement involving up to 370,000,000 new shares at HK$0.14 each. The res...
Fineland Living Services Sends Circular on Conditional Share and Warrant Deals
Sep 10, 2026
Fineland Living Services Group Limited has dispatched a circular to shareholders detailing a proposed connected transaction and special deal involving a subscription of new shares under a specific mandate, alongside the planned issuance of unliste...
Fineland Living Services Posts Interim Profit but Faces Going-Concern Risks
Aug 28, 2026
Fineland Living Services Group Limited has reported unaudited condensed consolidated interim results for the six months ended 30 June 2026, posting a net profit of approximately RMB5.01 million for the period. The interim report will be made avail...
Fineland Living Services Delays Key Circular and Extends Offer Document Timetable
Aug 17, 2026
Fineland Living Services Group and offeror Yoncan Co., Ltd. have announced a delay in sending a circular to shareholders covering a connected share subscription, a special deal, and the issue of unlisted warrants under specific mandates. The circu...
Fineland Living Services to Review Interim 2026 Results and Consider Dividend
Aug 17, 2026
Fineland Living Services Group Limited has scheduled a board meeting for 28 August 2026 to review and approve the unaudited condensed consolidated financial results for the six months ended 30 June 2026. The board will also consider the issuance o...
Yoncan to Take Control of Fineland Living Services, Triggering Mandatory Cash Offer
Jul 27, 2026
Fineland Living Services Group Limited, a Hong Kong-listed provider of real estate-related living services, operates within the property services industry in the region. The company is structured with 400,000,000 issued shares and is subject to Ho...
Fineland Living Services Shares Halted Pending Takeover-Related Announcement
Jul 8, 2026
Fineland Living Services Group Limited has requested a halt in trading of its shares on the Hong Kong Stock Exchange, effective from 9:00 a.m. on 8 July 2026. The suspension precedes the publication of an announcement under Hong Kong’s Code ...
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.