Tian An China Investments Company (0028) Fair Value & Analysis
Real Estate · HK · Market cap HK$5.2B
Fair value as of: Aug 2, 2026
From 9 valuation models · updated 9 days ago
Fair value updated Aug 2, 2026, revised from HK$3.59 to HK$3.58 (−0.2%) since Jul 1, 2026. Share price −10.5% over the past month.
A solid business, currently priced close to our fair value.
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- A fairly wide model range (HK$2.55 to HK$4.61) leaves room in how you read the outcome.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.
How to read this chart
60‑month range HK$2.07 – HK$5.22 · fair‑value band HK$2.55 – HK$4.61 · the HK$3.48 price screens below the HK$3.58 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 2, 2026.
Analysis
Tian An China Investments Company (0028) currently trades at HK$3.48, while our model-based Fair Value estimate is HK$3.58, implying the stock looks roughly 3.0% fairly valued today. The Quality Score stands at 61/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Tian An China Investments Company generated revenue of HK$10.5B at a net margin of 16.9%. Revenue grew 24.9% year over year. It earns a return on equity of 5.8%. The balance sheet holds a net cash position of HK$2.7B. Fundamentals as of Aug 2, 2026
Our scenario range runs from HK$2.55 (bear case) to HK$4.61 (bull case); at HK$3.48, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 34% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at 3%, 0028 screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 9 models by family
Widest divergence: Multiples (HK$44.52) versus Dividend Discount (HK$1.51). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 59 · Market factors (momentum, volatility) 32
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Tian An China Investments Company Limited, together with its subsidiaries, engages in property development and investment services in the People's Republic of China, Hong Kong, the United Kingdom, and Australia. It operates through Property Development, Property Investment, Healthcare, and Other Operations segments.
Full company description
Tian An China Investments Company Limited, together with its subsidiaries, engages in property development and investment services in the People's Republic of China, Hong Kong, the United Kingdom, and Australia. It operates through Property Development, Property Investment, Healthcare, and Other Operations segments. The company invests in and develops residential, office, and commercial properties; manages properties; and invests in and operates hospitals, eldercare, and health-related businesses. It also provides property leasing services for office buildings, car parking spaces, residential units, industrial property units, retail stores, shopping malls, and a hotel, as well as estate management and money lending services. The company was incorporated in 1986 and is based in Wan Chai, Hong Kong. Tian An China Investments Company Limited operates as a subsidiary of Allied Group Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Tian An China Investments Company reported revenue of HK$10.5B in FY2025 versus HK$2.6B in FY2021, a compound +42.1%/yr. Reported net income was HK$1.8B in FY2025, compounding +5.4%/yr from FY2021.
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Peer Group
Real Estate - Development · 588 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Real Estate - Development median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| DLF Limited DLF | ₹657.75 | ₹159.49 | -76% |
| Lodha Developers Limited LODHA | ₹1,188 | ₹583.43 | -51% |
| PT Pantai Indah Kapuk Dua Tbk, PANI | 6,125 IDR | 1,330 IDR | -78% |
| Oberoi Realty Limited OBEROIRLTY | ₹1,925 | ₹1,183 | -39% |
| Godrej Properties Limited GODREJPROP | ₹2,102 | ₹1,044 | -50% |
| PT Jaya Real Property, Tbk., JRPT | 1,080 IDR | 1,674 IDR | +55% |
| PT Bumi Serpong Damai Tbk, BSDE | 555.00 IDR | 1,388 IDR | +150% |
| PT Sentul City Tbk, BKSL | 64.00 IDR | 84.16 IDR | +32% |
| PT Ciputra Development Tbk, CTRA | 555.00 IDR | 1,388 IDR | +150% |
| PT Duta Pertiwi Tbk DUTI | 4,100 IDR | 6,239 IDR | +52% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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