New Risk • Apr 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.3% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Reported Earnings • Mar 31
First half 2026 earnings released: HK$0.80 loss per share (vs HK$0.081 loss in 1H 2025) First half 2026 results: HK$0.80 loss per share (further deteriorated from HK$0.081 loss in 1H 2025). Revenue: HK$2.58b (up 1.4% from 1H 2025). Net loss: HK$1.17b (loss widened HK$1.05b from 1H 2025). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Mar 17
Lai Sun Development Company Limited to Report First Half, 2026 Results on Mar 27, 2026 Lai Sun Development Company Limited announced that they will report first half, 2026 results on Mar 27, 2026 Reported Earnings • Oct 25
Full year 2025 earnings released: HK$1.98 loss per share (vs HK$2.53 loss in FY 2024) Full year 2025 results: HK$1.98 loss per share (improved from HK$2.53 loss in FY 2024). Revenue: HK$4.90b (down 18% from FY 2024). Net loss: HK$2.87b (loss narrowed 22% from FY 2024). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Announcement • Oct 25
Lai Sun Development Company Limited, Annual General Meeting, Dec 19, 2025 Lai Sun Development Company Limited, Annual General Meeting, Dec 19, 2025. Announcement • Oct 14
Lai Sun Development Company Limited to Report Fiscal Year 2025 Results on Oct 24, 2025 Lai Sun Development Company Limited announced that they will report fiscal year 2025 results on Oct 24, 2025 Announcement • Jul 31
Lai Sun Reportedly Scrambles to Sell Iconic CCB Tower Stake Amid Soaring Debt and Distress Signal Lai Sun Development Company Limited (SEHK:488) is looking to offload its 50% stake in CCB Tower, a 27-story office building in the heart of Hong Kong's Central district, according to people familiar with the matter. The potential sale is part of the company's plan to shed up to HKD 8 billion in assets over the next two years. Discussions have reportedly included China Construction Bank (CICHF), which owns the remaining half and is the towers anchor tenant occupying 18 floors and a banking hall. However, sources say the bank hasn't indicated any intention to buy the other half. The timing of this move reflects Lai Suns broader efforts to navigate a tough real estate cycle. Rental income from the tower held steady at HKD 114.4 million for the six months ending January 31, but the company is juggling HKD 34 billion in total liabilities. Meanwhile, Lai Sun is also working to refinance a HKD 3.5 billion loan due in October, and has reportedly secured majority lender support. A company spokesperson said Lai Sun will continue pursuing disposals "at appropriate valuation" but declined to confirm any specific transaction. While the CCB Tower could fetch interest given its prime location and stable income, the broader market conditions remain challenging. Whether a deal materializes or not, Lai Suns asset sale plan is shaping up to be a critical test of market appetite and a potential pressure valve for its mounting debt burden. New Risk • Jul 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 7.8% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). New Risk • May 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$770.3m (US$98.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 7.8% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$770.3m market cap, or US$98.7m). Reported Earnings • Mar 23
First half 2025 earnings released: HK$0.081 loss per share (vs HK$1.28 loss in 1H 2024) First half 2025 results: HK$0.081 loss per share (improved from HK$1.28 loss in 1H 2024). Revenue: HK$2.55b (down 16% from 1H 2024). Net loss: HK$117.8m (loss narrowed 94% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. Announcement • Mar 11
Lai Sun Development Company Limited to Report First Half, 2025 Results on Mar 21, 2025 Lai Sun Development Company Limited announced that they will report first half, 2025 results on Mar 21, 2025 Announcement • Jan 21
Lai Sun Development Company Limited Announces Board and Committee Changes Lai Sun Development Company Limited announces that with effect from 1 March 2025, Mr. Lau Shu Yan, Julius ("Mr. Lau") will retire as an Executive Director and the Chief Executive Officer of the Company, but will continue to serve as advisor thereafter. Following his retirement, Mr. Lau will cease to be a member of the executive committee ("Executive Committee"), the remuneration committee and an alternate to Dr. Lam Kin Ngok, Peter, Chairman of the nomination committee ("Nomination Committee") of the Company. Mr. Cheung Sum, Sam, an Executive Director, will be appointed a member of the Remuneration Committee and an alternate to Dr. Lam Kin Ngok, Peter, Chairman of the Nomination Committee of the Company with effect from 1 March 2025. Mr. Lam Hau Yin, Lester, an Executive Director, will be appointed an Authorised Representative under Rule 3.05 of the Listing Rules with effect from 1 March 2025. Reported Earnings • Oct 19
Full year 2024 earnings released: HK$2.53 loss per share (vs HK$2.45 loss in FY 2023) Full year 2024 results: HK$2.53 loss per share (further deteriorated from HK$2.45 loss in FY 2023). Revenue: HK$6.00b (up 22% from FY 2023). Net loss: HK$3.67b (loss widened 24% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings. Announcement • Oct 19
Lai Sun Development Company Limited, Annual General Meeting, Dec 13, 2024 Lai Sun Development Company Limited, Annual General Meeting, Dec 13, 2024. Announcement • Oct 13
Lai Sun Development Company Limited Announces Consolidated Earnings Guidance for Year Ended July 31, 2023 Lai Sun Development Company Limited announced consolidated earnings guidance for year ended July 31, 2023. The company announced the consolidated loss attributable to owners of the Company for the year ended 31 July 2023 is expected to be within the range of HKD 3,490 million to HKD 3,860 million as compared to a net loss of approximately HKD 2,966 million for the year ended 31 July 2023. The increased loss was primarily due to increase in share of losses of joint ventures. Announcement • Apr 30
Lai Sun Development Company Limited Announces Executive Changes, Effective 1 May 2024 The Board of directors of Lai Sun Development Company Limited ("Company") announces that Mr. Chow Kwok Wor ("Mr. Chow") will retire as company secretary of the Company ("Company Secretary") and cease to be the authorised representative of the Company ("Authorised Representative") under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ("Listing Rules") with effect from 1 May 2024. The Board also announces that Mr. Cheung Sum, Sam ("Mr. Cheung") has been appointed Company Secretary and Authorised Representative under Rule 3.05 of the Listing Rules with effect from 1 May 2024. Mr. Cheung is an Executive Director of the Company and Group Chief Financial Officer. He is a fellow member of the Association of Chartered Certified Accountants in the United Kingdom and The Hong Kong Institute of Certified Public Accountants. New Risk • Apr 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$719.4m (US$91.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.1% operating cash flow to total debt). Earnings have declined by 52% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$719.4m market cap, or US$91.8m). Reported Earnings • Mar 24
First half 2024 earnings released: HK$1.28 loss per share (vs HK$1.40 loss in 1H 2023) First half 2024 results: HK$1.28 loss per share. Revenue: HK$3.04b (up 23% from 1H 2023). Net loss: HK$1.85b (loss widened 36% from 1H 2023). New Risk • Feb 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 59% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Reported Earnings • Oct 21
Full year 2023 earnings released: HK$2.45 loss per share (vs HK$2.13 loss in FY 2022) Full year 2023 results: HK$2.45 loss per share (further deteriorated from HK$2.13 loss in FY 2022). Revenue: HK$4.90b (down 3.8% from FY 2022). Net loss: HK$2.97b (loss widened 51% from FY 2022). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. Announcement • Oct 14
Lai Sun Development Company Limited Provides Earnings Guidance for the Year Ended 31 July 2023 Lai Sun Development Company Limited provided earnings guidance for the year ended 31 July 2023. For the year, the company expected the consolidated loss attributable to owners of the Company expected to be within the range of HKD 2,900 million to HKD 3,050 million as compared to a net loss of approximately HKD 1,967 million for the year ended 31 July 2022. The increased loss, partially offset by lower other operating expenses and tax charge, was primarily due to decrease in property sales in Lai Fung Holdings Limited (a 55.08%-owned subsidiary of the Company) predominantly; write-down of certain properties under development and completed properties for sale; increased finance costs; and decrease in fair values of investment properties owned by the Group. Announcement • Oct 11
Lai Sun Development Company Limited to Report Fiscal Year 2023 Results on Oct 20, 2023 Lai Sun Development Company Limited announced that they will report fiscal year 2023 results on Oct 20, 2023 Announcement • Sep 29
Lai Fung Holdings Limited, Lai Sun Development Company Limited, Lai Sun Garment (International) Limited Announces Resignation of Chew Fook Aun as Non-Executive Director Effect from 1 October 2023 The Boards of Lai Fung Holdings Limited, Lai Sun Development Company Limited, Lai Sun Garment (International) Limited announce that, Mr. Chew Fook Aun ("Mr. Chew") has tendered his resignation as Deputy Chairman and non-executive director of LSG, LSD and LFH with effect from 1 October 2023 due to his desire to devote more time to his personal engagements. Mr. Chew has confirmed that in relation to his resignation, he has no disagreement with the Boards of LSG, LSD and LFH and there are no other matters that need to be brought to the attention of the shareholders of LSG, LSD and LFH. Announcement • Jul 23
Lai Sun Development Company Limited Announces Executive Changes, Effective 1 August 2023 The board of directors ("Board") of Lai Sun Development Company Limited ("Company") announces that with effect from 1 August 2023: (1) Mr. Cheung Sum, Sam ("Mr. Cheung") will be appointed an executive director of the Company ("Executive Director"); and (2) Mr. Luk Hon Man ("Mr. Luk") will be appointed an independent non-executive director of the Company ("INED"). The Board announced that Mr. Cheung will be appointed an Executive Director with effect from 1 August 2023. Mr. Cheung, aged 59, joined the Company as Group Chief Financial Officer on 13 July 2023. He was the chief financial officer of FTLife Insurance Company Limited ("FTLife", a wholly-owned subsidiary of NWS Holdings Limited) from September 2019 to November 2020, the chief financial officer and vice president of Agile Group Holdings Limited from July 2013 to May 2019, an executive director of eSun Holdings Limited ("eSun") from March 2011 to August 2012, and an executive director of each of Lai Fung Holdings Limited ("LFH") and the Company from March 2011 to August 2012 and from June 2007 to October 2009. Save for FTLife, the issued shares of all the aforesaid companies are listed and traded on The Stock Exchange of Hong Kong Limited ("Stock Exchange"). Mr. Cheung has not held any directorships in listed public companies in Hong Kong or overseas in the last three years. Prior to joining the Lai Sun Group in 2006, Mr. Cheung worked for a number of other listed companies and international investment banks in Hong Kong. He has extensive experience in capital markets and financial management. Mr. Cheung graduated from the London School of Economics and Political Science, University of London with a Bachelor of Science (Economics) degree in Accounting and Finance. He is a fellow member of the Association of Chartered Certified Accountants in the United Kingdom and the Hong Kong Institute of Certified Public Accountants. Further, Mr. Cheung will be appointed an executive director of each of Lai Sun Garment (International) Limited ("LSG"), eSun and LFH with effect from 1 August 2023. LSG is the ultimate holding company of the Company while the Company is the intermediate holding company of eSun and LFH. Apart from the aforesaid, Mr. Cheung does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company. Mr. Luk Hon Man, aged 39, is a seasoned strategic advisor with twenty years of experience spanning across the public affairs and business sectors. Mr. Luk is currently serving as a Member of the Legislative Council of the Hong Kong Special Administrative Region. He was also the Chief Strategy Officer of the Chairman's Office of Lai Sun Group. Mr. Luk holds a Bachelor of Education (Honours) in Languages from The Hong Kong Institute of Education (now known as the Education University of Hong Kong) and a Master of Public Administration degree from the University of Hong Kong. New Risk • Jun 13
New major risk - Revenue and earnings growth Earnings have declined by 58% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 58% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (50% increase in shares outstanding). Recent Insider Transactions • Mar 26
Insider recently bought HK$1.2m worth of stock On the 23rd of March, Siu Yuk Yu bought around 750k shares on-market at roughly HK$1.53 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$13m more in shares than they have sold in the last 12 months. Reported Earnings • Nov 18
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: HK$2.13 loss per share (improved from HK$3.03 loss in FY 2021). Revenue: HK$5.09b (down 15% from FY 2021). Net loss: HK$1.97b (loss narrowed 5.8% from FY 2021). Revenue exceeded analyst estimates by 8.2%. Earnings per share (EPS) missed analyst estimates by 97%. Revenue is expected to decline by 1.3% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Hong Kong are expected to grow by 8.8%. Over the last 3 years on average, earnings per share has fallen by 46% per year whereas the company’s share price has fallen by 44% per year. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. No experienced directors. 8 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Stephen Ip was the last independent director to join the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Price Target Changed • Nov 06
Price target decreased to HK$4.55 Down from HK$5.26, the current price target is provided by 1 analyst. New target price is 29% above last closing price of HK$3.52. Stock is down 14% over the past year. The company posted a net loss per share of HK$2.13 last year. Reported Earnings • Oct 22
Full year 2022 earnings released: HK$2.13 loss per share (vs HK$3.03 loss in FY 2021) Full year 2022 results: HK$2.13 loss per share (improved from HK$3.03 loss in FY 2021). Revenue: HK$5.09b (down 15% from FY 2021). Net loss: HK$1.97b (loss narrowed 5.8% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Announcement • Oct 22
Lai Sun Development Company Limited, Annual General Meeting, Dec 16, 2022 Lai Sun Development Company Limited, Annual General Meeting, Dec 16, 2022. Announcement • Oct 12
Lai Sun Development Company Limited to Report Fiscal Year 2022 Results on Oct 21, 2022 Lai Sun Development Company Limited announced that they will report fiscal year 2022 results on Oct 21, 2022 Recent Insider Transactions • Jul 29
Insider recently bought HK$3.6m worth of stock On the 26th of July, Cheuk Yi Yu bought around 839k shares on-market at roughly HK$4.31 per share. In the last 3 months, there was an even bigger purchase from another insider worth HK$3.7m. Insiders have collectively bought HK$42m more in shares than they have sold in the last 12 months. Announcement • Jul 28
Lai Sun Development Company Limited Announces Executive Changes Lai Sun Development Company Limited announced that Mr. Ip Shu Kwan, Stephen, an independent non-executive director of the Company, has been appointed as a member of the audit committee of the Company and Mr. Lam Bing Kwan, an independent non-executive director of the Company, has been appointed as a member of the nomination committee of the Company with immediate effect. After the above appointments, the composition of the Audit Committee and the Nomination Committee are as follows: the Audit Committee comprises three independent non-executive directors namely, Messrs. Leung Shu Yin, William, Lam Bing Kwan and Ip Shu Kwan, Stephen; and the Nomination Committee comprises three members, namely Dr. Lam Kin Ngok, Peter ("Dr. Lam"), executive director and Chairman and two independent non-executive directors, namely Messrs. Leung Shu Yin, William and Lam Bing Kwan, whilst Mr. Chew Fook Aun, executive director and Deputy Chairman, has been appointed alternate to Dr. Lam. Announcement • Jul 26
Lai Sun Development Company Limited Announces Resignation of Leung Wang Ching, Clarence as an Independent Non-Executive Director of the Company, Member of the Audit Committee and the Nomination Committee of the Company with Effect on 25 July 2022 Lai Sun Development Company Limited announced that, Mr. Leung Wang Ching, Clarence ("Mr. Leung") has resigned as an independent non-executive director of the Company, and ceased to be a member of the audit committee and the nomination committee of the Company with effect on 25 July 2022 following his official appointment by the Hong Kong Special Administrative Region Government. Mr. Leung has confirmed that in relation to his resignation, he has no disagreement with the Board and there are no other matters that need to be brought to the attention of the shareholders of the Company. Recent Insider Transactions • Jun 07
Insider recently bought HK$3.7m worth of stock On the 2nd of June, Siu Yuk Yu bought around 972k shares on-market at roughly HK$3.81 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$76m more in shares than they have sold in the last 12 months. Reported Earnings • Apr 27
First half 2022 earnings released: HK$0.55 loss per share (vs HK$2.01 loss in 1H 2021) First half 2022 results: HK$0.55 loss per share (up from HK$2.01 loss in 1H 2021). Revenue: HK$2.72b (flat on 1H 2021). Net loss: HK$479.9m (loss narrowed 61% from 1H 2021). Over the next year, revenue is expected to shrink by 22% compared to a 16% growth forecast for the industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 1 experienced director. 8 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Non-Executive Director Clarence Leung was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 28
First half 2022 earnings released: HK$0.55 loss per share (vs HK$2.01 loss in 1H 2021) First half 2022 results: HK$0.55 loss per share (up from HK$2.01 loss in 1H 2021). Revenue: HK$2.72b (flat on 1H 2021). Net loss: HK$479.9m (loss narrowed 61% from 1H 2021). Over the next year, revenue is expected to shrink by 19% compared to a 15% growth forecast for the industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Feb 11
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from HK$4.78b to HK$4.91b. Forecast EPS reduced from -HK$0.47 to -HK$0.54 per share. Real Estate industry in Hong Kong expected to see average net income growth of 19% next year. Consensus price target broadly unchanged at HK$5.26. Share price rose 3.7% to HK$4.25 over the past week. Reported Earnings • Nov 22
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: HK$3.03 loss per share (up from HK$4.83 loss in FY 2020). Revenue: HK$5.99b (up 15% from FY 2020). Net loss: HK$2.09b (loss narrowed 29% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 20% compared to a 19% growth forecast for the industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Price Target Changed • Oct 26
Price target decreased to HK$5.24 Down from HK$8.85, the current price target is provided by 1 analyst. New target price is 31% above last closing price of HK$4.00. Stock is down 40% over the past year. The company is forecast to post a net loss per share of HK$0.47 next year compared to a net loss per share of HK$3.03 last year. Reported Earnings • Oct 23
Full year 2021 earnings released: HK$3.03 loss per share (vs HK$4.83 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: HK$5.99b (up 15% from FY 2020). Net loss: HK$2.09b (loss narrowed 29% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Oct 11
Insider recently bought HK$340k worth of stock On the 6th of October, Siu Yuk Yu bought around 75k shares on-market at roughly HK$4.51 per share. In the last 3 months, they made an even bigger purchase worth HK$38m. Insiders have collectively bought HK$129m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Aug 25
Insider recently bought HK$12m worth of stock On the 20th of August, Cheuk Yi Yu bought around 2m shares on-market at roughly HK$6.02 per share. In the last 3 months, there was an even bigger purchase from another insider worth HK$38m. Insiders have collectively bought HK$128m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jul 28
Insider recently bought HK$38m worth of stock On the 26th of July, Siu Yuk Yu bought around 6m shares on-market at roughly HK$6.26 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$93m more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 29
Insider recently bought HK$6.8m worth of stock On the 27th of May, Siu Yuk Yu bought around 2m shares on-market at roughly HK$4.51 per share. In the last 3 months, they made an even bigger purchase worth HK$48m. Insiders have collectively bought HK$54m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Apr 28
Insider recently bought HK$48m worth of stock On the 26th of April, Siu Yuk Yu bought around 8m shares on-market at roughly HK$6.10 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$50m more in shares than they have sold in the last 12 months. Reported Earnings • Apr 27
First half 2021 earnings released: HK$2.01 loss per share (vs HK$1.83 loss in 1H 2020) The company reported a poor first half result with increased losses and weaker control over costs, although revenues were flat. First half 2021 results: Revenue: HK$2.75b (flat on 1H 2020). Net loss: HK$1.23b (loss widened 11% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Apr 02
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast increased from HK$4.50b to HK$5.15b. EPS estimate fell from -HK$0.56 to -HK$0.97 per share. Real Estate industry in Hong Kong expected to see average net income growth of 29% next year. Consensus price target broadly unchanged at HK$8.85. Share price rose 5.8% to HK$6.57 over the past week. Reported Earnings • Mar 28
First half 2021 earnings released: HK$2.01 loss per share (vs HK$1.83 loss in 1H 2020) The company reported a poor first half result with increased losses and weaker control over costs, although revenues were flat. First half 2021 results: Revenue: HK$2.75b (flat on 1H 2020). Net loss: HK$1.23b (loss widened 11% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Announcement • Mar 17
Lai Sun Development Company Limited to Report Q2, 2021 Results on Mar 26, 2021 Lai Sun Development Company Limited announced that they will report Q2, 2021 results on Mar 26, 2021 Is New 90 Day High Low • Feb 17
New 90-day high: HK$7.05 The company is up 31% from its price of HK$5.40 on 19 November 2020. The Hong Kong market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 1.0% over the same period. Recent Insider Transactions • Nov 25
Insider recently bought HK$2.4m worth of stock On the 17th of November, Cheuk Yi Yu bought around 450k shares on-market at roughly HK$5.24 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$4.5m more in shares than they have sold in the last 12 months. Reported Earnings • Nov 20
Full year 2020 earnings released: HK$4.83 loss per share The company reported a poor full year result with weaker earnings, revenues and control over expenses. Full year 2020 results: Revenue: HK$5.21b (down 20% from FY 2019). Net loss: HK$2.93b (down 161% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 20
Revenue beats expectations Revenue exceeded analyst estimates by 1.9%. Over the next year, revenue is expected to shrink by 21% compared to a 27% growth forecast for the Real Estate industry in Hong Kong. Is New 90 Day High Low • Nov 03
New 90-day low: HK$6.52 The company is down 22% from its price of HK$8.35 on 05 August 2020. The Hong Kong market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 8.0% over the same period. Reported Earnings • Oct 25
Full year earnings released - HK$4.82 loss per share Over the last 12 months the company has reported total losses of HK$2.93b, with earnings decreasing by HK$7.74b from the prior year. Total revenue was HK$5.21b over the last 12 months, down 20% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 25
Annual earnings released: Revenue beats expectations Annual revenue exceeded analyst estimates by 1.9% at HK$5.21b. Revenue is expected to shrink by 6.6% over the next year, compared to a 28% growth forecast for the Real Estate industry in Hong Kong. Announcement • Oct 15
Lai Sun Development Company Limited to Report Fiscal Year 2020 Results on Oct 23, 2020 Lai Sun Development Company Limited announced that they will report fiscal year 2020 results on Oct 23, 2020 Is New 90 Day High Low • Oct 08
New 90-day low: HK$6.88 The company is down 17% from its price of HK$8.31 on 10 July 2020. The Hong Kong market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 5.0% over the same period. Price Target Changed • Sep 24
Price target lowered to HK$10.70 Down from HK$12.12, the current price target is provided by 1 analyst. The new target price is 43% above the current share price of HK$7.49. As of last close, the stock is down 17% over the past year. Is New 90 Day High Low • Sep 22
New 90-day low: HK$7.52 The company is down 6.0% from its price of HK$8.01 on 24 June 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 Real Estate industry, which is down 2.0% over the same period. 
