How does 89's PS Ratio compare to its peers?

89 is good value based on its Price-To-Sales Ratio (1.1x) compared to the peer average (2.9x).

How does 89's PS Ratio compare vs other companies in the HK Real Estate Industry?

89 is expensive based on its Price-To-Sales Ratio (1.1x) compared to the Hong Kong Real Estate industry average (0.6x).

What is 89's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate 89's Price-To-Sales Fair Ratio for valuation analysis.

What is the Fair Price of 89 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

89 (HK$1.86) is trading below our estimate of [[fair value]] (HK$5.47)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

Tai Sang Land Development (SEHK:89) - Stock Price, News & Analysis

89 Stock Overview

An investment holding company, engages in the investment, development, management, resale, and rental of properties in Hong Kong and North America. More details

89 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	0/6
Financial Health	1/6
Dividends	2/6

Rewards

Trading at 66% below our estimate of its fair value

Risk Analysis

Earnings have declined by 20.4% per year over past 5 years

Does not have a meaningful market cap (HK$535M)

Dividend of 4.3% is not well covered by earnings

Tai Sang Land Development Limited Competitors

Pokfulam Development

SEHK:225

HK$539.9m

Kangqiao Service Group

SEHK:2205

HK$483.0m

SCE Intelligent Commercial Management Holdings

SEHK:606

HK$477.9m

China Asia Valley Group

SEHK:63

HK$482.8m

Price History & Performance

Summary of all time highs, changes and price drops for Tai Sang Land Development
Historical stock prices
Current Share Price	HK$1.86
52 Week High	HK$2.95
52 Week Low	HK$1.80
Beta	0.20
11 Month Change	-13.08%
3 Month Change	-13.89%
1 Year Change	-35.64%
33 Year Change	-55.07%
5 Year Change	-58.67%
Change since IPO	-22.06%

Tai Sang Land Development's (HKG:89) Dividend Will Be Reduced To HK$0.04

Aug 31

Tai Sang Land Development's (HKG:89) Dividend Will Be HK$0.06

May 25

Recent updates

These 4 Measures Indicate That Tai Sang Land Development (HKG:89) Is Using Debt Extensively

Mar 28

Tai Sang Land Development (HKG:89) Will Pay A Smaller Dividend Than Last Year

Aug 30

Tai Sang Land Development's (HKG:89) Dividend Will Be HK$0.10

Aug 25

Read This Before Buying Tai Sang Land Development Limited (HKG:89) For Its Dividend

Apr 20

Tai Sang Land Development's (HKG:89) Shareholders Are Down 19% On Their Shares

Feb 23

A Look At The Intrinsic Value Of Tai Sang Land Development Limited (HKG:89)

Jan 19

We Wouldn't Rely On Tai Sang Land Development's (HKG:89) Statutory Earnings As A Guide

Dec 30

Could Tai Sang Land Development Limited (HKG:89) Have The Makings Of Another Dividend Aristocrat?

Dec 10

Reflecting on Tai Sang Land Development's (HKG:89) Share Price Returns Over The Last Three Years

Nov 25

Shareholder Returns

	89	HK Real Estate	HK Market
7D	-5.6%	-5.4%	-2.7%
1Y	-35.6%	-9.4%	10.9%

Return vs Industry: 89 underperformed the Hong Kong Real Estate industry which returned -9.4% over the past year.

Return vs Market: 89 underperformed the Hong Kong Market which returned 10.9% over the past year.

Price Volatility

Is 89's price volatile compared to industry and market?
89 volatility
89 Average Weekly Movement	5.0%
Real Estate Industry Average Movement	10.1%
Market Average Movement	9.0%
10% most volatile stocks in HK Market	19.0%
10% least volatile stocks in HK Market	4.2%

Stable Share Price: 89 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: 89's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1968	257	William Ma	www.tsld.com.hk

Tai Sang Land Development Limited, an investment holding company, engages in the investment, development, management, resale, and rental of properties in Hong Kong and North America. The company is also involved in the provision of catering, estate management, and agency services; operation and management of hotels; rental of motor vehicles; operation of a club house; and trademark, restaurant license, and motor vehicle holding businesses. Its portfolio of properties includes residential, industrial, commercial, and mixed-use properties.

Tai Sang Land Development Limited Fundamentals Summary

How do Tai Sang Land Development's earnings and revenue compare to its market cap?
89 fundamental statistics
Market cap	HK$532.19m
Earnings (TTM)	-HK$467.43m
Revenue (TTM)	HK$497.37m

1.1x

P/S Ratio

-1.1x

P/E Ratio

Is 89 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
89 income statement (TTM)
Revenue	HK$497.37m
Cost of Revenue	HK$186.16m
Gross Profit	HK$311.22m
Other Expenses	HK$778.65m
Earnings	-HK$467.43m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-1.62
Gross Margin	62.57%
Net Profit Margin	-93.98%
Debt/Equity Ratio	29.9%

How did 89 perform over the long term?

See historical performance and comparison

Dividends

4.3%

Current Dividend Yield

-6%

Payout Ratio

89 Stock Overview

Rewards

Risk Analysis

Tai Sang Land Development Limited Competitors

SEHK:225

HK$539.9m

SEHK:2205

HK$483.0m

SEHK:606

HK$477.9m

SEHK:63

HK$482.8m

Price History & Performance

Recent News & Updates

First half 2024 earnings released: HK$0.55 loss per share (vs HK$0.43 profit in 1H 2023)

Tai Sang Land Development's (HKG:89) Dividend Will Be Reduced To HK$0.04

First half dividend of HK$0.04 announced

Tai Sang Land Development Limited to Report First Half, 2024 Results on Aug 26, 2024

Tai Sang Land Development's (HKG:89) Dividend Will Be HK$0.06

Tai Sang Land Development Limited Elects Ho Chi Keung as Director

Recent updates

First half 2024 earnings released: HK$0.55 loss per share (vs HK$0.43 profit in 1H 2023)

Tai Sang Land Development's (HKG:89) Dividend Will Be Reduced To HK$0.04

First half dividend of HK$0.04 announced

Tai Sang Land Development Limited to Report First Half, 2024 Results on Aug 26, 2024

Tai Sang Land Development's (HKG:89) Dividend Will Be HK$0.06

Tai Sang Land Development Limited Elects Ho Chi Keung as Director

Upcoming dividend of HK$0.06 per share

Tai Sang Land Development (HKG:89) Has Affirmed Its Dividend Of HK$0.06

These 4 Measures Indicate That Tai Sang Land Development (HKG:89) Is Using Debt Extensively

Final dividend of HK$0.06 announced

Full year 2023 earnings released: HK$0.65 loss per share (vs HK$1.25 profit in FY 2022)

Tai Sang Land Development Limited, Annual General Meeting, Mar 22, 2024

Tai Sang Land Development Limited to Report Fiscal Year 2023 Final Results on Mar 22, 2024

Upcoming dividend of HK$0.06 per share at 3.8% yield

First half 2023 earnings released: EPS: HK$0.43 (vs HK$0.82 in 1H 2022)

Tai Sang Land Development (HKG:89) Will Pay A Smaller Dividend Than Last Year

Tai Sang Land Development Limited Announces Interim Dividend for the Six Months Ended 30 June 2023, Payable on 29 September 2023

Tai Sang Land Development Limited Provides Earnings Guidance for the Six Months Ended 30 June 2023

Tai Sang Land Development Limited to Report First Half, 2023 Results on Aug 28, 2023

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

Executive Deputy Chairman recently sold HK$137k worth of stock

Now 20% undervalued after recent price drop

Executive Deputy Chairman recently sold HK$106k worth of stock

Tai Sang Land Development Limited Announces Executive Changes

Upcoming dividend of HK$0.06 per share at 5.4% yield

Executive Deputy Chairman recently sold HK$80k worth of stock

Now 20% undervalued after recent price drop

Full year 2022 earnings released: EPS: HK$1.25 (vs HK$2.20 in FY 2021)

Less than half of directors are independent

Upcoming dividend of HK$0.14 per share

First half 2022 earnings released: EPS: HK$0.82 (vs HK$0.60 in 1H 2021)

Tai Sang Land Development Limited Announces Interim Dividend for the Six Months Ended 30 June 2022, Payable on 23 September 2022

Upcoming dividend of HK$0.12 per share

Less than half of directors are independent

Now 21% undervalued after recent price drop

Upcoming dividend of HK$0.10 per share

First half 2021 earnings released: EPS HK$0.60 (vs HK$0.47 loss in 1H 2020)

Tai Sang Land Development's (HKG:89) Dividend Will Be HK$0.10

Tai Sang Land Development Limited Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2021

Upcoming dividend of HK$0.12 per share

Full year 2020 earnings released: HK$0.54 loss per share (vs HK$1.52 profit in FY 2019)

Read This Before Buying Tai Sang Land Development Limited (HKG:89) For Its Dividend

Full year 2020 earnings released: HK$0.54 loss per share (vs HK$1.52 profit in FY 2019)

Tai Sang Land Development Limited to Report Fiscal Year 2020 Results on Mar 22, 2021

Tai Sang Land Development's (HKG:89) Shareholders Are Down 19% On Their Shares

New 90-day high: HK$4.22

A Look At The Intrinsic Value Of Tai Sang Land Development Limited (HKG:89)

New 90-day high: HK$4.14

We Wouldn't Rely On Tai Sang Land Development's (HKG:89) Statutory Earnings As A Guide

New 90-day low: HK$3.81

Could Tai Sang Land Development Limited (HKG:89) Have The Makings Of Another Dividend Aristocrat?

Reflecting on Tai Sang Land Development's (HKG:89) Share Price Returns Over The Last Three Years

New 90-day low: HK$3.85

First half earnings released

Upcoming Dividend of HK$0.10 Per Share

Earnings released

Tai Sang Land Development Limited to Report First Half, 2020 Results on Aug 21, 2020

New 90-day low - HK$4.05