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Lai Sun Development Company Limited logo

Lai Sun Development Company Limited

0488.HK

HKSEReal EstateReal Estate - Diversified

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Latest quote

HK$0.635

−HK$0.085 · -11.81%

Aug 24, 1:16 PM HKTData delayed

0488.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Lai Sun Development Company Limited is a diversified conglomerate, headquartered in Central, Hong Kong, and operating as a subsidiary of Lai Sun Garment (International) Limited. The company's core business involves the investment, development, leasing, and sale of real estate across multiple geographies, including Hong Kong, Mainland China, Macau, the United Kingdom, Vietnam, and other international markets. Beyond its foundational property segment, Lai Sun Development boasts a significant presence in the hospitality sector, managing and operating hotels and restaurants, and extending management and consultancy services to hotels, serviced apartments, and dining establishments. Its extensive media and entertainment division encompasses a wide range of activities: investing in, producing, licensing, and distributing film and television programs; operating cinemas and theme parks; and developing, managing, and investing in various cultural, leisure, and entertainment facilities and events. The company further engages in music production and distribution, artiste management, album sales, and the licensing and distribution of music and film rights. It also manages film libraries, provides video duplication, and offers translation and subtitling services for television programs, alongside distributing movie video compact discs, digital video discs, and Blu-ray discs. A broad spectrum of supplementary services rounds out its operations, including property management, real estate and leasing agency services, performance agency, building services, luxury yacht brokerage and management, finance and treasury solutions, golf apparel retailing, and trading in gaming products.

Industry
Real Estate - Diversified
Sector
Real Estate
Headquarters
HK
CEO
Kin Ngok Lam
Listed since
Mar 11, 1988
Employees
3,600

Market position

Day range

Current HK$0.635

52-week range

Current HK$0.635

Open
HK$0.675
Previous close
HK$0.72
Volume
4.4K
0.03× average
Average volume
157.58K
Average daily volume
Market cap
922.86M HKD
Beta
-0.08
Market reference 1
50-day average
HK$0.723
-12.17% below average
200-day average
HK$0.7029
-9.66% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
24.17B HKD
P/E (TTM)
-0.24×
P/B (TTM)
0.04×
P/S (TTM)
0.19×
EV / EBITDA
-16.48×
Earnings yield
-270.93%
Free cash flow yield
16.33%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
17.78%
Operating margin
-36.05%
Net margin
-79.50%
Return on equity
-12.43%
Return on assets
-4.48%
Return on invested capital
-1.38%

Financial health

Debt / equity
1.19×
Current ratio
0.76×
Altman Z-score
0.36
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends34%-1%-35%-70%Gross margin, FY2021: 11.32%Gross margin, FY2022: 18.16%Gross margin, FY2023: 6.31%Gross margin, FY2024: 25.50%Gross margin, FY2025: 20.21%Operating margin, FY2021: -13.97%Operating margin, FY2022: -9.57%Operating margin, FY2023: -24.14%Operating margin, FY2024: -26.50%Operating margin, FY2025: -17.04%Net margin, FY2021: -33.67%Net margin, FY2022: -36.86%Net margin, FY2023: -56.88%Net margin, FY2024: -61.26%Net margin, FY2025: -58.68%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 11.32%. Gross margin FY2022 18.16%. Gross margin FY2023 6.31%. Gross margin FY2024 25.50%. Gross margin FY2025 20.21%. Operating margin FY2021 -13.97%. Operating margin FY2022 -9.57%. Operating margin FY2023 -24.14%. Operating margin FY2024 -26.50%. Operating margin FY2025 -17.04%. Net margin FY2021 -33.67%. Net margin FY2022 -36.86%. Net margin FY2023 -56.88%. Net margin FY2024 -61.26%. Net margin FY2025 -58.68%.

Income trends

Revenue

4.9B HKD-18.34%

Operating income

−834.93M HKD+47.47%

Net income

−2.87B HKD+21.78%
Income trends across reported periods7.19B HKD3.24B HKD−711.72M HKD−4.66B HKDRevenue, FY2021: 6.2B HKDRevenue, FY2022: 5.34B HKDRevenue, FY2023: 5.21B HKDRevenue, FY2024: 6B HKDRevenue, FY2025: 4.9B HKDOperating income, FY2021: −866.35M HKDOperating income, FY2022: −510.64M HKDOperating income, FY2023: −1.26B HKDOperating income, FY2024: −1.59B HKDOperating income, FY2025: −834.93M HKDNet income, FY2021: −2.09B HKDNet income, FY2022: −1.97B HKDNet income, FY2023: −2.97B HKDNet income, FY2024: −3.67B HKDNet income, FY2025: −2.87B HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 6.2B HKD. Revenue FY2022 5.34B HKD. Revenue FY2023 5.21B HKD. Revenue FY2024 6B HKD. Revenue FY2025 4.9B HKD. Operating income FY2021 −866.35M HKD. Operating income FY2022 −510.64M HKD. Operating income FY2023 −1.26B HKD. Operating income FY2024 −1.59B HKD. Operating income FY2025 −834.93M HKD. Net income FY2021 −2.09B HKD. Net income FY2022 −1.97B HKD. Net income FY2023 −2.97B HKD. Net income FY2024 −3.67B HKD. Net income FY2025 −2.87B HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue4.9B HKD6B HKD5.21B HKD5.34B HKD6.2B HKD
Cost of goods sold3.91B HKD4.47B HKD4.89B HKD4.37B HKD5.5B HKD
Gross profit990.18M HKD1.53B HKD328.95M HKD968.81M HKD701.88M HKD
Selling, general, and administrative961.49M HKD1.09B HKD1.16B HKD1.11B HKD1.15B HKD
Operating expenses1.83B HKD3.12B HKD1.59B HKD1.48B HKD1.57B HKD
Interest income169.95M HKD96.58M HKD817.65M HKD618.01M HKD565.09M HKD
Interest expense1.03B HKD1.24B HKD1.59B HKD1.2B HKD967.45M HKD
Depreciation and amortization589.83M HKD798.26M HKD824.32M HKD908.65M HKD1.11B HKD
Operating income−834.93M HKD−1.59B HKD−1.26B HKD−510.64M HKD−866.35M HKD
Net income−2.87B HKD−3.67B HKD−2.97B HKD−1.97B HKD−2.09B HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.8

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates-0.07-0.73-1.39-2.05Q4 '22Q1 '23Q4 '23Q1 '24Q4 '24Q1 '25Q4 '25Q1 '26
Q4 2022, reported Oct 21, 2022: actual -1.53, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 24, 2023: actual -1.4, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Oct 20, 2023: actual -1.28, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 22, 2024: actual -1.28, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Oct 18, 2024: actual -1.25, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 21, 2025: actual -0.081, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 20, 2025: actual -1.9, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 27, 2026: actual -0.8, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates5.32B4.25B3.19B2.13BQ4 '22No estimateQ1 '23MissQ4 '23MissQ1 '24No estimateQ4 '24MissQ1 '25No estimateQ4 '25No estimateQ1 '26No estimate
Q4 2022, reported Oct 21, 2022: actual 2.6B HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 24, 2023: actual 2.47B HKD, estimate 4.1B HKD, surprise -39.77%, Miss. Q4 2023, reported Oct 20, 2023: actual 3.04B HKD, estimate 5.1B HKD, surprise -40.34%, Miss. Q1 2024, reported Mar 22, 2024: actual 3.04B HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Oct 18, 2024: actual 3.25B HKD, estimate 4.97B HKD, surprise -34.55%, Miss. Q1 2025, reported Mar 21, 2025: actual 2.55B HKD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 20, 2025: actual 2.35B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 27, 2026: actual 2.58B HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.0926

2019 complete year-9.9% since 2015

Corporate action history

Dividend

Ex-dividend Dec 27, 2019

HK$0.1079

Annual

Record Dec 30, 2019 · Payment Feb 13, 2020

Dividend

Ex-dividend Dec 28, 2018

HK$0.1079

Annual

Record Jan 2, 2019 · Payment Feb 13, 2019

Dividend

Ex-dividend Dec 19, 2017

HK$0.10

Annual

Record Dec 20, 2017 · Payment Jan 30, 2018

Dividend

Ex-dividend Dec 20, 2016

HK$0.0815

Annual

Dividend

Ex-dividend Dec 17, 2015

HK$0.1028

Annual

Dividend

Ex-dividend Dec 16, 2014

HK$0.1028

Annual

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ETFs holding 0488.HK

Funds reporting this stock among their holdings, ordered by reported position size.

Dimensional World ex U.S. Core Equity 2 ETF logoDimensional World ex U.S. Core Equity 2 ETFDFAX
Market value
12.84K
Weight
0.00%
AUM
12.57B USD
Expense ratio
0.28%
Price / 1D
$38.16+0.82%

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