China Investment Development Limited (0204) Fair Value & Analysis
Financial Services · HK · Market cap HK$22.4M
Fair value as of: Aug 13, 2026
From 2 valuation models · updated 2 days ago
Below-average quality, and screening another 24% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (HK$0.0781). The favourable scenario is already priced in.
- Weak quality (25/100) and above fair value at the same time, the margin of safety is missing on both counts.
- Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range HK$0.0900 – HK$36.89 · fair‑value band HK$0.0498 – HK$0.0781 · the HK$0.0900 price screens above the HK$0.0680 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
China Investment Development Limited (0204) currently trades at HK$0.0900, while our model-based Fair Value estimate is HK$0.0680, implying the stock looks roughly 24.4% overvalued today. The Quality Score stands at 25/100 (below-average quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).
Trailing-twelve-month revenue stands at HK$11.0M. Revenue grew 14.5% year over year. It earns a return on equity of -53.2%. Net debt stands at HK$36.1M. Fundamentals as of Aug 13, 2026
Our scenario range runs from HK$0.0498 (bear case) to HK$0.0781 (bull case); at HK$0.0900, the current price sits above 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. For context, the median of 10 Financial Services peers we cover trades at -33% fair-value upside, at -24%, 0204 screens cheaper 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 2 models by family
Widest divergence: Multiples (HK$0.9000) versus Asset-Based (HK$0.7100). Highest evidence: P/B Multiple (55).
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Key figures & financial health
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 32 · Market factors (momentum, volatility) 15
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
China Investment Development Limited is a principal investment firm. It seeks to invest listed and unlisted companies. The firm invests in industries including but not limited to information technology, telecommunications, manufacturing, service, property, infrastructure, life and environmental sectors.
Full company description
China Investment Development Limited is a principal investment firm. It seeks to invest listed and unlisted companies. The firm invests in industries including but not limited to information technology, telecommunications, manufacturing, service, property, infrastructure, life and environmental sectors. It primarily invests in companies located at Greater China or the Asia-Pacific Region. China Investment Development Limited was founded on March 25, 1998 and is based in Hong Kong.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
China Investment Development Limited reported revenue of HK$10.5M in FY2025 versus −HK$3.8M in FY2021. Reported net income was −HK$156M in FY2025.
0204 screens 24% overvalued. Compare with BlackRock, Inc →
Peer Group
Asset Management · 692 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 Asset Management 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 Asset Management stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| BlackRock, Inc BLK | $1,161 | $465.75 | -60% |
| Blackstone Inc BX | $146.41 | $52.88 | -64% |
| Investor AB INVEB | kr 417.90 | kr 835.80 | +100% |
| AB Industrivärden INDUA | kr 544.00 | kr 375.93 | -31% |
| ICICIAMC ICICIAMC | ₹3,077 | ₹1,132 | -63% |
| Jio Financial Services Limited JIOFIN | ₹256.05 | ₹171.84 | -33% |
| Hedef Holding HEDEF | 267.25 TRY | 321.44 TRY | +20% |
| Bajaj Holdings BAJAJHLDNG | ₹11,579 | ₹11,257 | -3% |
| HDFC Asset Management Company HDFCAMC | ₹2,490 | ₹866.78 | -65% |
| Nippon Life Asset Management Limited NAMINDIA | ₹1,182 | ₹311.00 | -74% |
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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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