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9928.HK — HKEX Real Estate Services

9928.Hk

HK$0,49
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Mcap
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P/E
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EV / Rev
—
Div yield
9,55 %
Op margin
1,0 %
ROE
1,3 %
Net margin
0,7 %
Debt / equity
0,03
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

The company operates in the real estate services industry, providing services related to real estate management and development.

Business. The company 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
HOLD2 analysts
0 buy2 hold0 sell
Avg 12m price target0,60

Analyst recommendations

2 analysts · consensus Hold
Buy0
Hold2
Sell0
12-month price target
0,60
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
—
not yet scored
Valuation
—
valuation pending
Analysts→
Hold
2 analysts · indicative
Ownership
—
not yet wired
Profitability→
1,3 %
return on equity
Quality
—
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 9928.

    • 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 9928.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

    The company 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 maintains a strong liquidity position, with cash and equivalents amounting to CNY 1.1 billion, representing 41.4% of total assets. The liquidity_fpt metric indicates a low liquidity risk, supported by a current ratio of 1.77, which is above the industry median for real estate services firms. The debt-to-equity ratio is 0.03, indicating a conservative capital structure with minimal leverage.

    Profitability metrics show a return on equity (ROE) of 1.27% and a return on assets (ROA) of 0.64%, both below the industry median for real estate services. The net income of CNY 17.09 million is derived from a revenue base of CNY 2.496 billion, with a net margin of 0.68%. These figures suggest the company is underperforming relative to its peers in terms of profitability and returns.

    The company's revenue is not segmented by geographic region or business line in the available data, but the concentration of revenue in a single reporting segment implies potential exposure to regional or market-specific risks. The lack of geographic diversification could amplify the impact of local economic downturns or regulatory changes.

    The company's growth trajectory is not clearly defined in the available data, as no specific revenue growth rates or outlooks are provided. However, the current financial performance suggests a stable but low-growth profile. Analysts have assigned a mean recommendation of 3.00, indicating a neutral outlook, with no strong buy or buy ratings.

    The risk assessment indicates a low dilution risk, with no immediate filing-based flags detected. The company's capital structure is conservative, with minimal long-term debt and a low debt-to-equity ratio. No dilution sources were identified in the available documents, and the dilution potential is assessed as low.

    Recent events and filings do not show any material changes or significant developments that would impact the company's financial position or strategic direction. The company's financial statements and risk assessments are consistent with a stable but low-growth business model.

    Key takeaways
    • The company maintains a strong liquidity position with a current ratio of 1.77 and a low debt-to-equity ratio of 0.03.
    • Profitability metrics, including ROE and ROA, are below the industry median, indicating underperformance in returns.
    • The company's revenue is not segmented, suggesting potential concentration risks in a single market or business line.
    • Analysts have assigned a neutral outlook with a mean recommendation of 3.00, indicating no strong buy or sell signals.
    • The company's risk profile is low, with no immediate liquidity or dilution flags detected.

    Bull / Bear case

    analysis pipeline
    — missing data

    In focus — financials by report

    Valuation

    Market price
    HK$0,49
    Market cap
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    Enterprise valueⓘ
    —
    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    —
    EV / Op incomeⓘ
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    EV / OCFⓘ
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    P / Bⓘ
    —
    P / Tangible bookⓘ
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    Tangible book
    HK$1.34B
    Net cashⓘ
    HK$1.06B
    Current ratioⓘ
    1.8
    Debt / equityⓘ
    0.0
    ROAⓘ
    0.6%
    ROEⓘ
    1.3%
    Cash conversionⓘ
    —
    CapEx / revenueⓘ
    —
    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

    Consensus distribution

    sell-side coverage
    Recommendation distribution2 analysts
    Strong buy0
    Buy0
    Hold2
    Sell0
    Strong sell0
    12-month price targetHK$0,60 · Median HK$0,60
    Low HK$0,60High HK$0,60

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    LowHK$0,60
    MeanHK$0,60
    MedianHK$0,60
    HighHK$0,60
    SpotHK$0,49
    +21.2 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskLow
    Filing-based flags
    • No immediate filing-based liquidity or dilution flags were detected.

    Benchmarks vs cohort

    Op Margin1,0 %Below median
    Net Margin0,7 %Below median
    ROE1,3 %Below median
    D/E0,03Above median

    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
    • 9928.HK Market data — financials · 2026-05-27
    • Times Neighborhood Holdings Ltd Market data — analyst estimates · 2026-05-27

    Ownership & reference

    Leadership

    • Meng WangChief Executive Officer, Executive Director

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    9928.HKCanonical
    HKEX · HKD

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskLow
    No immediate filing-based liquidity or dilution flags were detected.

    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