Tai Cheung Holdings Limited, an investment holding company, engages in the property investment, development, and management activities in Hong Kong. More Details
High growth potential with mediocre balance sheet.
Share Price & News
How has Tai Cheung Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 88 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: 88's weekly volatility (2%) has been stable over the past year.
7 Day Return
HK Real Estate
1 Year Return
HK Real Estate
Return vs Industry: 88 underperformed the Hong Kong Real Estate industry which returned -8.1% over the past year.
Return vs Market: 88 underperformed the Hong Kong Market which returned 7.6% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Tai Cheung Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall StNeed To Know: Tai Cheung Holdings Limited (HKG:88) Insiders Have Been Buying Shares
2 months ago | Simply Wall StWhat Kind Of Investors Own Most Of Tai Cheung Holdings Limited (HKG:88)?
4 months ago | Simply Wall StPun Chan Is The Chairman of Tai Cheung Holdings Limited (HKG:88) And Just Spent HK$65k On Shares
Is Tai Cheung Holdings undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 88 (HK$4.62) is trading above our estimate of fair value (HK$1.32)
Significantly Below Fair Value: 88 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 88 is poor value based on its PE Ratio (22.9x) compared to the HK Real Estate industry average (8.4x).
PE vs Market: 88 is poor value based on its PE Ratio (22.9x) compared to the Hong Kong market (11.2x).
Price to Earnings Growth Ratio
PEG Ratio: 88 is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: 88's PB Ratio (0.4x) is in line with the HK Real Estate industry average.
How is Tai Cheung Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 88's forecast earnings growth (35.5% per year) is above the savings rate (1.6%).
Earnings vs Market: 88's earnings (35.5% per year) are forecast to grow faster than the Hong Kong market (21.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 88's revenue (68.7% per year) is forecast to grow faster than the Hong Kong market (13.7% per year).
High Growth Revenue: 88's revenue (68.7% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 88's Return on Equity is forecast to be low in 3 years time (3.9%).
How has Tai Cheung Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 88 has high quality earnings.
Growing Profit Margin: 88's current net profit margins are higher than last year (63.1%).
Past Earnings Growth Analysis
Earnings Trend: 88's earnings have declined by 12.4% per year over the past 5 years.
Accelerating Growth: 88's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 88 had negative earnings growth (-46.1%) over the past year, making it difficult to compare to the Real Estate industry average (-0.6%).
Return on Equity
High ROE: 88's Return on Equity (1.8%) is considered low.
How is Tai Cheung Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 88's short term assets (HK$7.2B) exceed its short term liabilities (HK$191.5M).
Long Term Liabilities: 88's short term assets (HK$7.2B) exceed its long term liabilities (HK$280.9M).
Debt to Equity History and Analysis
Debt Level: 88's debt to equity ratio (3.1%) is considered satisfactory.
Reducing Debt: 88's debt to equity ratio has increased from 1.5% to 3.1% over the past 5 years.
Debt Coverage: 88's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 88's interest payments on its debt are well covered by EBIT.
What is Tai Cheung Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 88's dividend (5.19%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.23%).
High Dividend: 88's dividend (5.19%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.58%).
Stability and Growth of Payments
Stable Dividend: 88's dividend payments have been volatile in the past 10 years.
Growing Dividend: 88's dividend payments have not increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (118.9%), 88's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 88 is not forecast to pay a dividend in 3 years.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
David Chan (69 yo)
Mr. Pun Chan, SB Hon, LLD, also known as David, has been Chairman of Tai Cheung Holdings Ltd since 1981 and serves as its Chief Executive Officer. Mr. Chan has experience in construction, property developm...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD571.54K) is above average for companies of similar size in the Hong Kong market ($USD342.51K).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
|Chairman||no data||HK$4.43m||29.21% |
|Financial Controller||16.83yrs||HK$2.22m||no data|
|Controller of Project & Construction and Executive Director||23.83yrs||HK$2.68m||0.012% |
|Independent Non-Executive Director||37.83yrs||HK$200.00k||0.046% |
|Non-Executive Director||39.83yrs||HK$200.00k||3.26% |
|Independent Non-Executive Director||14.17yrs||HK$200.00k||no data|
|Independent Non-Executive Director||16.83yrs||HK$200.00k||no data|
Experienced Board: 88's board of directors are seasoned and experienced ( 23.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 88 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Tai Cheung Holdings Limited's company bio, employee growth, exchange listings and data sources
- Name: Tai Cheung Holdings Limited
- Ticker: 88
- Exchange: SEHK
- Founded: 1956
- Industry: Diversified Real Estate Activities
- Sector: Real Estate
- Market Cap: HK$2.853b
- Shares outstanding: 617.53m
- Website: https://www.taicheung.com
Number of Employees
- Tai Cheung Holdings Limited
- The Hong Kong Club Building
- 20th Floor
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|88||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Jan 1992|
|TAIC.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1992|
Tai Cheung Holdings Limited, an investment holding company, engages in the property investment, development, and management activities in Hong Kong. The company’s property portfolio includes office towers,...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/26 10:02|
|End of Day Share Price||2020/11/26 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.