2528.Tw
The company operates in the real estate rental, development, and operations sector, generating revenue primarily through property development and management activities.
Business. The company operates in the real estate rental, development, and operations sector, generating revenue primarily through property development and management activities.
Analyst recommendations
1 analysts · consensus HoldAt a glance
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.
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Upcoming catalysts
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- 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
Signals & dispatch
Composite-score breakdown
Synthesis
The company operates in the real estate rental, development, and operations sector, generating revenue primarily through property development and management activities.
The company maintains a capital structure with a debt-to-equity ratio of 1.39, indicating a moderate reliance on debt financing. Its liquidity position is characterized by a current ratio of 1.89, suggesting the company can cover its short-term obligations. However, the company's cash and equivalents amount to 850 million TWD, which is significantly lower than its long-term debt of 10.97 billion TWD, resulting in a negative net cash position.
Profitability metrics show a return on equity (ROE) of 19.42% and a return on assets (ROA) of 6.82%, both of which are strong indicators of efficient asset utilization and profitability. These figures are above the industry median for ROE and ROA, reflecting the company's competitive performance in the real estate sector.
The company's revenue is primarily concentrated in its core real estate operations, with no disclosed geographic diversification. This concentration may expose the company to regional economic fluctuations, as its financial performance is closely tied to the real estate market in its primary operating region.
Looking ahead, the company is projected to experience a growth trajectory, with analysts providing a mean price target of 31.90 TWD, significantly higher than the current market price of 22.0 TWD. This suggests a potential upside of approximately 45% in the near term, driven by expectations of continued demand in the real estate market.
Risk factors include a medium liquidity risk due to the negative net cash position and a debt-to-equity ratio that suggests a moderate level of financial leverage. The company's dilution risk is assessed as low, with no immediate pressure from share issuance or other dilutive events. However, the company's reliance on debt financing could increase its vulnerability to interest rate fluctuations and credit risk.
Recent events include the publication of the latest financial data, which shows a strong operating cash flow of 4.77 billion TWD and a free cash flow of 365.62 million TWD. These figures indicate the company's ability to generate sufficient cash to support its operations and potentially fund future growth initiatives.
- The company has a strong ROE of 19.42% and ROA of 6.82%, indicating efficient asset utilization and profitability.
- The company's debt-to-equity ratio of 1.39 suggests a moderate level of financial leverage.
- Analysts project a mean price target of 31.90 TWD, indicating a potential upside of approximately 45%.
- The company's liquidity position is medium, with a current ratio of 1.89 and a negative net cash position.
- The company's revenue is primarily concentrated in its core real estate operations, with no disclosed geographic diversification.
Bull / Bear case
analysis pipelineIn focus — financials by report
Valuation
Revenue by segment
Business relationships
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Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 6,61 |
| Revenue | —no estimate | —no estimate | 11,2B TWD |
| Operating income | —no estimate | —no estimate | 3,6B TWD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
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