1. Hong Kong Stocks

  2. •

    Finance

  3. •

    Real estate development
Lai Sun Development Co. Ltd.

Lai Sun Development Co. Ltd.

HHKEX:488
0.52
HKD
-0.06
(-10.34%)
959.20MMarket Cap
Oct 23Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.98
4.32
3.2
3.17
2.42
2.4
9.19
7.62
8.7
5.52
4.04
4.13
3.37
- -
Basic EPS, GAAP
5.26
3.03
4.18
1.95
2.97
6.14
6.85
-4.29
-3.03
-2.13
-2.45
-2.53
-1.98
- -
Free Cash Flow per Basic Share
-0.45
0.41
-2.56
-0.98
-0.9
-0.71
-4.76
-1.37
1.03
-5
-0.47
-0.62
0.12
- -
Dividend per Share
- -
- -
0.09
0.08
0.07
0.07
0.09
0.04
- -
- -
- -
- -
- -
- -
Book Value per Share
39.21
42.58
46.38
34.64
37.72
44.1
50.68
49.09
47.86
33.85
20.49
17.76
15.91
15.35
Tangible Book Value per Share
39.21
42.58
46.38
34.63
37.71
43.6
47.68
48.35
47.16
33.41
20.21
17.48
15.61
15.05
Basic Weighted Avg Shares
488
488
482
590
704
706
707
684
688
922
1,212
1,453
1,453
1,453
Sales/Revenue/Turnover
964
2,110
1,542
1,868
1,704
1,693
6,494
5,214
5,987
5,094
4,902
5,999
4,899
- -
Operating Margin (%)
-7.19
22.22
28.89
27.2
29.44
16.01
-0.22
-21.79
-21.24
-33.53
-31.45
-10.29
-17.23
- -
Depreciation Expense
30
36
50
63
78
85
544
1,132
1,111
909
824
798
590
- -
Net Income, GAAP
2,564
1,479
2,018
1,148
2,094
4,335
4,843
-2,935
-2,088
-1,967
-2,966
-3,675
-2,874
- -
Effective Tax Rate (%)
1.73
5.65
3.73
4.66
3.47
1.13
3.26
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
266.05
70.09
130.91
61.47
122.86
256.06
74.58
-56.29
-34.88
-38.61
-60.51
-61.26
-58.68
- -
Working Capital
3,203
1,799
496
2,160
232
4,157
4,036
4,347
12,951
8,262
5,289
8,231
-4,506
790
LT Debt
5,357
4,973
5,974
7,985
6,748
10,817
14,988
15,181
24,735
21,375
20,730
23,394
11,344
14,153
Total Equity
19,530
21,224
23,104
24,892
27,105
31,619
48,354
43,451
42,985
40,988
36,862
32,308
29,386
28,617
Return on Invested Capital (%)
9.03
5.35
6.29
1.89
4.95
6.99
8.12
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
11.9
6.38
7.55
3.95
6.24
11.17
9.61
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
14.45
7.41
9.29
4.88
8.22
15.01
14.46
-8.29
-6.04
-5.88
-9.48
-13.22
-11.75
- -

Capital Structure

HKD

•

in mil. unless spec.
Jan'25
Jul'25
Jan'26
ST Debt
5,775
14,773
12,355
LT Borrowings
19,359
10,820
13,714
LT Finance Leases
566
524
439
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,453
1,453
1,453
Market Capitalization
1,003
1,061
959

Working Capital

HKD

•

in mil. unless spec.
Jan'25
Jul'25
Jan'26
Total Current Assets
14,012
13,896
16,581
Cash, Cash Equivalents & STI
2,598
3,187
3,265
Accounts Receivable, Net
381
365
429
Inventories
8,330
7,954
7,483
Total Current Liabilities
9,242
18,402
15,792
Payables & Accruals
- -
- -
- -
ST Debt
5,775
14,773
12,355
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.89%
-7.44%
-9.04%
Free Cash Flow
-63.92%
-214.26%
-119.09%
Net Income, GAAP
1.56%
3.65%
-21.78%
Sales/Revenue/Turnover
27.58%
0.04%
-18.34%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
5,999
2025
- -
- -
4,899
2026
- -
- -
- -

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-2.53
2025
- -
- -
-1.98
2026
- -
- -
- -

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Kin Ngok Lam
Full Time Employees
3,600
Sector
Finance
Industry
Real estate development
Address
AIA Central Hong Kong Hong Kong
IPO Date
Mar 11, 1988
Website
laisun.com
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Business
Lai Sun Development Company Limited is a Hong Kong-based conglomerate primarily engaged in property development and investment, hotel operations, and cultural and entertainment businesses. The company’s core products and services include property development and sales of residential and commercial real estate; property investment management; operation of hotels and serviced apartments; investment in cultural, media, and entertainment projects; and management of retail and commercial leasing. Lai Sun Development operates mainly in Hong Kong and mainland China. Founded in 1987, the company is headquartered in Hong Kong. In the last 1-2 years, Lai Sun Development has actively pursued strategic business expansions and partnerships in various sectors. It has focused on revitalizing its property portfolio and expanding investments in high-quality cultural and entertainment ventures to diversify its revenue base. The company has also enhanced its hotel operations with new service offerings aimed at luxury and business travel markets. Additionally, Lai Sun Development has strengthened its presence in mainland China through targeted acquisitions and joint ventures, leveraging synergistic opportunities to boost growth and operational scale. Lai Sun Development’s industry segments cover real estate development and investment, hospitality management, cultural and entertainment investments, and retail leasing. Its target markets include residential and commercial property buyers, hotel guests, entertainment consumers, and retail tenants. The company operates predominantly in Hong Kong and mainland China. It is part of the Lai Sun Group, a conglomerate with diversified holdings across real estate, hospitality, and media sectors. This comprehensive business model positions Lai Sun Development as a multi-faceted player within the property and cultural investment industries.