Upcoming Dividend • Jun 25
Upcoming dividend of HK$0.088 per share Eligible shareholders must have bought the stock before 02 July 2026. Payment date: 31 July 2026. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 6.6%. Lower than top quartile of Hong Kong dividend payers (7.5%). Higher than average of industry peers (2.7%). Announcement • Jun 23
Tianjin Development Holdings Limited Declares Final Dividend for the Year ended 31 December 2025 Tianjin Development Holdings Limited at its Annual General Meeting held on June 23, 2026, declared a final dividend of 8.82 Hong Kong cents per share for the year ended 31 December 2025. Declared Dividend • Apr 01
Final dividend of HK$0.088 announced Dividend of HK$0.088 is the same as last year. Ex-date: 2nd July 2026 Payment date: 31st July 2026 Dividend yield will be 5.8%, which is higher than the industry average of 4.5%. Sustainability & Growth The dividend has increased by an average of 2.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 4.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 31
Full year 2025 earnings released: EPS: HK$0.40 (vs HK$0.51 in FY 2024) Full year 2025 results: EPS: HK$0.40 (down from HK$0.51 in FY 2024). Revenue: HK$3.20b (down 4.9% from FY 2024). Net income: HK$427.9m (down 22% from FY 2024). Profit margin: 13% (down from 16% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 30
Tianjin Development Holdings Limited, Annual General Meeting, Jun 23, 2026 Tianjin Development Holdings Limited, Annual General Meeting, Jun 23, 2026. Announcement • Mar 17
Tianjin Development Holdings Limited to Report Fiscal Year 2025 Results on Mar 30, 2026 Tianjin Development Holdings Limited announced that they will report fiscal year 2025 results at 9:30 AM, China Standard Time on Mar 30, 2026 Buy Or Sell Opportunity • Jan 30
Now 21% undervalued Over the last 90 days, the stock has risen 4.2% to HK$2.71. The fair value is estimated to be HK$3.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.9% over the last 3 years. Earnings per share has grown by 13%. Upcoming Dividend • Sep 15
Upcoming dividend of HK$0.052 per share Eligible shareholders must have bought the stock before 22 September 2025. Payment date: 31 October 2025. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 5.3%. Lower than top quartile of Hong Kong dividend payers (6.6%). Higher than average of industry peers (2.3%). Buy Or Sell Opportunity • Sep 02
Now 21% undervalued Over the last 90 days, the stock has risen 34% to HK$2.72. The fair value is estimated to be HK$3.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.9% over the last 3 years. Earnings per share has grown by 13%. Reported Earnings • Aug 31
First half 2025 earnings released: EPS: HK$0.32 (vs HK$0.27 in 1H 2024) First half 2025 results: EPS: HK$0.32 (up from HK$0.27 in 1H 2024). Revenue: HK$1.72b (down 5.6% from 1H 2024). Net income: HK$344.5m (up 20% from 1H 2024). Profit margin: 20% (up from 16% in 1H 2024). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Aug 30
First half dividend of HK$0.052 announced Dividend of HK$0.052 is the same as last year. Ex-date: 22nd September 2025 Payment date: 31st October 2025 Dividend yield will be 5.0%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (27% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 31% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 18
Tianjin Development Holdings Limited to Report First Half, 2025 Results on Aug 28, 2025 Tianjin Development Holdings Limited announced that they will report first half, 2025 results on Aug 28, 2025 Buy Or Sell Opportunity • Jul 31
Now 24% undervalued Over the last 90 days, the stock has risen 34% to HK$2.60. The fair value is estimated to be HK$3.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.9% over the last 3 years. Earnings per share has grown by 9.8%. Announcement • Jun 19
Tianjin Development Holdings Limited Declares Final Dividend for the Year Ended December 31, 2024 Tianjin Development Holdings Limited in its AGM held on June 19, 2025 declared a final dividend of HKD 8.82 cents per share for the year ended 31 December 2024. Upcoming Dividend • Jun 19
Upcoming dividend of HK$0.088 per share Eligible shareholders must have bought the stock before 26 June 2025. Payment date: 28 July 2025. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 6.7%. Lower than top quartile of Hong Kong dividend payers (7.5%). Higher than average of industry peers (2.4%). Reported Earnings • May 04
Full year 2024 earnings released: EPS: HK$0.51 (vs HK$0.59 in FY 2023) Full year 2024 results: EPS: HK$0.51 (down from HK$0.59 in FY 2023). Revenue: HK$3.36b (flat on FY 2023). Net income: HK$548.1m (down 14% from FY 2023). Profit margin: 16% (down from 19% in FY 2023). Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 6% per year. Declared Dividend • Mar 31
Final dividend increased to HK$0.088 Dividend of HK$0.088 is 0.2% higher than last year. Ex-date: 26th June 2025 Payment date: 28th July 2025 Dividend yield will be 7.0%, which is higher than the industry average of 4.5%. Sustainability & Growth The dividend has increased by an average of 7.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: HK$0.51 (vs HK$0.59 in FY 2023) Full year 2024 results: EPS: HK$0.51 (down from HK$0.59 in FY 2023). Revenue: HK$3.36b (flat on FY 2023). Net income: HK$548.1m (down 14% from FY 2023). Profit margin: 16% (down from 19% in FY 2023). Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 5% per year. Announcement • Mar 28
Tianjin Development Holdings Limited, Annual General Meeting, Jun 19, 2025 Tianjin Development Holdings Limited, Annual General Meeting, Jun 19, 2025. Announcement • Mar 17
Tianjin Development Holdings Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 Tianjin Development Holdings Limited announced that they will report fiscal year 2024 results on Mar 28, 2025 Announcement • Dec 30
Tianjin Development Holdings Limited Appoints Mr. Xia Binhui as Executive Director and Deputy General Manager The board of directors of Tianjin Development Holdings Limited announced that Mr. Xia Binhui has been appointed as Executive Director and Deputy General Manager of the Company with effect from 30 December 2024. Mr. XIA Binhui, aged 41, graduated from Peking University with a bachelor’s degree in law and obtained a Master's Degree in Economic Law from China University of Political Science and Law. Prior to joining the Company, he has been in various roles including assistant manager of audit department and manager of strategic client department of China Cinda Asset Management Co. Ltd., deputy general manager of HNA Financial Services (Shenzhen) Co. Ltd., executive vice president of Beijing Tunghsu Capital Holding Co. Ltd., senior partner and managing director of Zhongcai Rongshang (Beijing) Capital Management Co. Ltd., deputy general manager (in charge of overall operation) and executive deputy general manager of Tianjin TEDA Asset Operation Management Co. Ltd., a wholly-owned subsidiary of Tianjin TEDA Investment Holding Co. Ltd. Mr. Xia is currently the deputy general manager of Tianjin TEDA Industrial Group Co. Ltd., Tianjin Bohai State-owned Assets Management Co. Ltd. and Tsinlien Group Company Limited ("Tsinlien"), all being controlling shareholders of the Company, as well as a director of certain subsidiaries of Tsinlien. He has extensive experience in corporate operation management, assets revitalization, merger and reorganization, and special assets investment. Upcoming Dividend • Sep 16
Upcoming dividend of HK$0.052 per share Eligible shareholders must have bought the stock before 23 September 2024. Payment date: 28 October 2024. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 8.1%. Lower than top quartile of Hong Kong dividend payers (8.7%). Higher than average of industry peers (2.6%). Reported Earnings • Sep 04
First half 2024 earnings released: EPS: HK$0.27 (vs HK$0.35 in 1H 2023) First half 2024 results: EPS: HK$0.27 (down from HK$0.35 in 1H 2023). Revenue: HK$1.82b (flat on 1H 2023). Net income: HK$288.1m (down 23% from 1H 2023). Profit margin: 16% (down from 20% in 1H 2023). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Declared Dividend • Aug 31
First half dividend increased to HK$0.052 Dividend of HK$0.052 is 50% higher than last year. Ex-date: 23rd September 2024 Payment date: 28th October 2024 Dividend yield will be 7.9%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (17% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 2.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 29
Tianjin Development Holdings Limited Announces Interim Dividend for the Six Months Ended 30 June 2024, Payable on 28 October 2024 Tianjin Development Holdings Limited announced interim dividend of HKD 0.0518 per share for the six months ended 30 June 2024. Ex-dividend date is 23 September 2024. Record date is 27 September 2024. Payment date is 28 October 2024. Announcement • Aug 20
Tianjin Development Holdings Limited to Report First Half, 2024 Results on Aug 29, 2024 Tianjin Development Holdings Limited announced that they will report first half, 2024 results on Aug 29, 2024 Announcement • Jun 14
Tianjin Development Holdings Limited Approves Final Dividend Tianjin Development Holdings Limited at its annual general meeting held on 13 June 2024, declared a final dividend of 8.80 Hong Kong cents per share. Upcoming Dividend • Jun 13
Upcoming dividend of HK$0.088 per share Eligible shareholders must have bought the stock before 20 June 2024. Payment date: 29 July 2024. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 6.5%. Lower than top quartile of Hong Kong dividend payers (7.8%). Higher than average of industry peers (2.6%). Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$1.93, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 16x in the Integrated Utilities industry in Asia. Total returns to shareholders of 38% over the past three years. Announcement • Mar 28
Tianjin Development Holdings Limited, Annual General Meeting, Jun 13, 2024 Tianjin Development Holdings Limited, Annual General Meeting, Jun 13, 2024. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: HK$0.59 (vs HK$0.33 in FY 2022) Full year 2023 results: EPS: HK$0.59 (up from HK$0.33 in FY 2022). Revenue: HK$3.34b (down 9.9% from FY 2022). Net income: HK$635.6m (up 78% from FY 2022). Profit margin: 19% (up from 9.7% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Mar 16
Tianjin Development Holdings Limited to Report Fiscal Year 2023 Final Results on Mar 27, 2024 Tianjin Development Holdings Limited announced that they will report fiscal year 2023 final results on Mar 27, 2024 Buying Opportunity • Oct 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.8%. The fair value is estimated to be HK$1.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 16%. Buying Opportunity • Sep 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 9.1%. The fair value is estimated to be HK$1.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 16%. Upcoming Dividend • Sep 18
Upcoming dividend of HK$0.035 per share at 5.8% yield Eligible shareholders must have bought the stock before 25 September 2023. Payment date: 30 October 2023. Payout ratio is a comfortable 21% but the company is paying out more than the cash it is generating. Trailing yield: 5.8%. Lower than top quartile of Hong Kong dividend payers (7.9%). Higher than average of industry peers (2.5%). Announcement • Aug 31
Tianjin Development Holdings Limited Declares Interim Dividend for the Six Months Ended 30 June 2023, Payable on 30 October 2023 Tianjin Development Holdings Limited declared Interim Dividend of HKD 0.0345 per share for the six months ended 30 June 2023. Ex-dividend date is 25 September 2023. Record date is 29 September 2023. Payment date is 30 October 2023. Reported Earnings • Aug 31
First half 2023 earnings released: EPS: HK$0.35 (vs HK$0.25 in 1H 2022) First half 2023 results: EPS: HK$0.35 (up from HK$0.25 in 1H 2022). Revenue: HK$1.83b (down 6.8% from 1H 2022). Net income: HK$371.5m (up 36% from 1H 2022). Profit margin: 20% (up from 14% in 1H 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Aug 18
Tianjin Development Holdings Limited to Report First Half, 2023 Results on Aug 30, 2023 Tianjin Development Holdings Limited announced that they will report first half, 2023 results on Aug 30, 2023 Upcoming Dividend • Jun 22
Upcoming dividend of HK$0.055 per share at 5.3% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 24 July 2023. Payout ratio is a comfortable 27% but the company is paying out more than the cash it is generating. Trailing yield: 5.3%. Lower than top quartile of Hong Kong dividend payers (7.9%). Higher than average of industry peers (2.5%). Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: HK$0.33 (vs HK$0.46 in FY 2021) Full year 2022 results: EPS: HK$0.33 (down from HK$0.46 in FY 2021). Revenue: HK$3.71b (up 4.6% from FY 2021). Net income: HK$358.2m (down 28% from FY 2021). Profit margin: 9.7% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Executive Chairman of the Board Gang Wang was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 19
Upcoming dividend of HK$0.035 per share Eligible shareholders must have bought the stock before 26 September 2022. Payment date: 28 October 2022. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 5.7%. Lower than top quartile of Hong Kong dividend payers (8.3%). Lower than average of industry peers (14%). Board Change • Sep 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Executive Chairman of the Board Gang Wang was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 01
First half 2022 earnings released: EPS: HK$0.25 (vs HK$0.25 in 1H 2021) First half 2022 results: EPS: HK$0.25 (up from HK$0.25 in 1H 2021). Revenue: HK$1.96b (down 2.6% from 1H 2021). Net income: HK$272.5m (up 3.2% from 1H 2021). Profit margin: 14% (in line with 1H 2021). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 22
Upcoming dividend of HK$0.055 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 25 July 2022. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 5.3%. Lower than top quartile of Hong Kong dividend payers (7.8%). Higher than average of industry peers (2.6%). Reported Earnings • Apr 30
Full year 2021 earnings released: EPS: HK$0.46 (vs HK$0.28 in FY 2020) Full year 2021 results: EPS: HK$0.46 (up from HK$0.28 in FY 2020). Revenue: HK$3.54b (down 5.5% from FY 2020). Net income: HK$496.9m (up 69% from FY 2020). Profit margin: 14% (up from 7.9% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 31
Full year 2021 earnings released: EPS: HK$0.46 (vs HK$0.28 in FY 2020) Full year 2021 results: EPS: HK$0.46 (up from HK$0.28 in FY 2020). Revenue: HK$3.54b (down 5.5% from FY 2020). Net income: HK$496.9m (up 69% from FY 2020). Profit margin: 14% (up from 7.9% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Buying Opportunity • Mar 09
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be HK$2.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.7% per annum over the last 3 years. Earnings per share has declined by 9.5% per annum over the last 3 years. Upcoming Dividend • Sep 17
Upcoming dividend of HK$0.035 per share Eligible shareholders must have bought the stock before 24 September 2021. Payment date: 29 October 2021. Trailing yield: 4.4%. Lower than top quartile of Hong Kong dividend payers (6.7%). Higher than average of industry peers (2.2%). Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 18% share price gain to HK$1.93, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 18x in the Integrated Utilities industry in Asia. Total loss to shareholders of 24% over the past three years. Reported Earnings • Sep 01
First half 2021 earnings released: EPS HK$0.25 (vs HK$0.18 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: HK$2.02b (up 41% from 1H 2020). Net income: HK$263.9m (up 37% from 1H 2020). Profit margin: 13% (in line with 1H 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Jun 22
Upcoming dividend of HK$0.048 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 26 July 2021. Trailing yield: 4.3%. Lower than top quartile of Hong Kong dividend payers (6.1%). Higher than average of industry peers (2.1%). Reported Earnings • Mar 31
Full year 2020 earnings released: EPS HK$0.28 (vs HK$0.30 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: HK$3.75b (down 18% from FY 2019). Net income: HK$294.5m (down 9.9% from FY 2019). Profit margin: 7.9% (up from 7.2% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 18% share price gain to HK$1.74, the stock is trading at a trailing P/E ratio of 8.5x, up from the previous P/E ratio of 7.2x. This compares to an average P/E of 27x in the Integrated Utilities industry in Asia. Total return to shareholders over the past three years is a loss of 48%. Is New 90 Day High Low • Jan 14
New 90-day high: HK$1.57 The company is up 9.0% from its price of HK$1.44 on 16 October 2020. The Hong Kong market is up 16% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Integrated Utilities industry, which is up 1.0% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: HK$1.38 The company is down 20% from its price of HK$1.72 on 31 July 2020. The Hong Kong market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Integrated Utilities industry, which is up 5.0% over the same period.