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China Overseas Land & Investment Ltd 00688 Stock Quote

| Rating as of

XHKG: 00688

Market Closed

| Currency in HKD

  • Last Close 16.24
  • Sector Real Estate
  • Industry Real Estate - Development
  • Investment Style Large Value
  • Day Range 15.80  –  16.32
  • Year Range 14.58  –  23.20
  • Market Cap 177.7449 Bil
  • Volume / Avg 13.1 Mil /  19.9 Mil
  • Price / Sales 0.95
  • Price / Book 0.45
  • Forward Div Yield 4.62%
  • Trailing Div Yield 4.69%

Morningstar‘s Stock Analysis 00688

Valuation
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Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

China Overseas Land & Investment Earnings: Valuation Cut Given Lower Bookings and Higher Inventory

Jeff Zhang Equity Analyst

Analyst Note

| Jeff Zhang |

We lower our fair value estimate on China Overseas Land & Investment, or COLI, to HKD 26.00 from HKD 31.00 following slower revenue booking and inventory absorption assumptions. First-half revenue fell 14.1% year on year, missing Refinitiv consensus, which we mainly ascribe to slower inventory clearance in lower-tier cities. Although we expect a material top-line improvement for the second half off a low base, we cut our 2023 forecast revenue and net profit by a respective 7.8% and 4.2%. In addition, we push back our inventory clearance assumption to 2027 on a prolonged negative homebuying sentiment. While management maintained its guidance for 2023 sales to grow 20%, we think this will only translate to bookings starting in 2025. Despite the valuation revision, COLI remains our top pick as its shares are trading at a 40% discount to our fair value estimate. We believe the market is underappreciating COLI’s robust landbank in wealthy regions and healthy margins, and view potential favorable policy measures as near-term catalysts for the firm.

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Key Statistics 00688

Company Profile 00688

Business Description

China Overseas Land & Investment, or COLI, is a large real estate developer in China. Property development accounts for most of the core earnings, with operating scale among the top five of all peers regarding contracted sales. In addition to property development, COLI has actively grown its commercial property portfolio, with a dual focus on offices and shopping malls for recurring income. COLI is a subsidiary of China State Construction Engineering, China's largest construction firm. It also holds a 39.6% stake in China Overseas Grand Oceans, a real estate developer focusing on lower-tier cities in China.

Contact
1 Queen's Road East, 10th Floor, Three Pacific Place
Hong Kong, HKG
Industry Real Estate - Development
Employees 3,753

Related Articles 00688

Competitors & Peers 00688

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of 00688’s competitive advantage.

China Overseas Land & Investment Ltd

XHKG: 00688

China Resources Land Ltd

XHKG: 01109

Country Garden Holdings Co Ltd

XHKG: 02007

China Jinmao Holdings Group Ltd

XHKG: 00817
Price
16.2431.200.911.01
Currency
HKDHKDHKDHKD
Change
+$0.52 (3.31%) +$1.00 (3.31%) +$0.03 (3.41%) +$0.01 (1.00%)
Market Cap
177.74 Bil222.49 Bil25.47 Bil13.54 Bil
Industry
Real Estate - Development Real Estate - Development Real Estate - Development Real Estate - Development
Sector
Real Estate
Real Estate
Real Estate
Real Estate

* Trading data in this section is delayed by at least 15 minutes.

FAQs for China Overseas Land & Investment Ltd Stock

Yes. 00688 has a forward dividend yield of 4.62%. See 00688’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

00688’s market cap is 177.74 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

00688’s stock style is Large Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

00688’s price/sales is 0.95.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

00688’s price/forward earnings is 7.88.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

00688’s price/book is 0.45.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See 00688’s valuation ratios compared to the Market Index.

00688’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare 00688’s historical performance against its industry peers and the overall market.