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2048.HK — HKEX Real Estate Services

2048.Hk

HK$0,04
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1D5D1M3M6MYTD1Y5YMax
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Mcap
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P/E
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EV / Rev
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Div yield
—
Op margin
-4,7 %
ROE
7,3 %
Net margin
-25,8 %
Debt / equity
-0,64
Beta
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52w range
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Volume
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Day range
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Prev close
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Open
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Next earnings
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Ex-dividend
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TR 1Y
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About

2048.HK operates in the real estate services industry, providing services related to real estate management and development.

Business. 2048.HK operates in the real estate services industry, providing services related to real estate management and development.

Classification92 %
SectorReal Estate
IndustryReal Estate Services
Generated · model-assisted
Sell-side consensus
—consensus pending
— buy— hold— sell
Avg 12m price target—
Upcoming events
— missing data
See all catalysts →

At a glance

Score
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not yet scored
Valuation
—
valuation pending
Analysts
—
not yet wired
Ownership
—
not yet wired
Profitability→
7,3 %
return on equity
Quality
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not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 2048.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate · THIS SECTOR−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to 2048.HK. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    2048.HK operates in the real estate services industry, providing services related to real estate management and development.

    Classification92 %
    SectorReal Estate
    IndustryReal Estate Services
    AI synthesis
    GENERATED

    The company's capital structure is highly leveraged, with total liabilities of CNY 9.89 billion and total equity of -CNY 8.43 billion, resulting in a debt-to-equity ratio of -0.64. The negative equity position is a significant red flag, indicating that the company's liabilities exceed its assets. The liquidity position is also weak, with a current ratio of 0.07, suggesting the company may struggle to meet its short-term obligations.

    Profitability is severely challenged, as evidenced by a net income of -CNY 611.93 million and an operating income of -CNY 112.14 million. The return on assets is -4.19%, indicating that the company is not generating returns from its asset base. The return on equity is 7.26%, but this is misleading due to the negative equity position.

    The company's revenue is concentrated in a single segment, as no segmental breakdown is provided in the available data. There is no geographic breakdown provided, but the company is listed in Hong Kong, suggesting a potential regional focus.

    The company's growth trajectory is negative, with a net income of -CNY 611.93 million and an operating income of -CNY 112.14 million. The company's revenue of CNY 2.38 billion is not sufficient to cover its operating and financial costs.

    The company faces significant financial risks, including a negative equity position and a weak liquidity position. The risk assessment indicates a medium liquidity risk and a low dilution risk. The negative net cash position after subtracting total debt is a key flag.

    Recent events include a reported last actual EPS of -CNY 2.23. No recent filings or transcripts are available in the provided data.

    Key takeaways
    • The company has a negative equity position, indicating that liabilities exceed assets.
    • The company's liquidity position is weak, with a current ratio of 0.07.
    • The company is not generating returns from its asset base, with a return on assets of -4.19%.
    • The company's profitability is severely challenged, with a net income of -CNY 611.93 million.
    • The company's growth trajectory is negative, with no signs of improvement in the near term.

    Bull / Bear case

    analysis pipeline
    — missing data

    In focus — financials by report

    Valuation

    Market price
    HK$0,04
    Market cap
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    Enterprise valueⓘ
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    P/Eⓘ
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    Non-GAAP P/Eⓘ
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    EV / Revenueⓘ
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    EV / Op incomeⓘ
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    EV / OCFⓘ
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    P / Bⓘ
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    P / Tangible bookⓘ
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    Tangible book
    -HK$8.43B
    Net cashⓘ
    -HK$5.36B
    Current ratioⓘ
    0.1
    Debt / equityⓘ
    -0.6
    ROAⓘ
    -41.9%
    ROEⓘ
    7.3%
    Cash conversionⓘ
    —
    CapEx / revenueⓘ
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    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin-4,7 %Bottom quartile
    Net Margin-25,8 %Bottom quartile
    ROE7,3 %Above median
    D/E-0,64Best in class

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Return On Equity
      net_income / total_equity
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Return On Assets
      net_income / total_assets
    Source documents
    • 2048.HK Market data — financials · 2026-05-26
    • E-House (China) Enterprise Holdings Ltd Market data — analyst estimates · 2026-05-26

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    2048.HKCanonical
    HKEX · HKD

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    — missing data
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage