1124 (1124) Fair Value & Analysis

Real Estate · Market cap HK$51.4M

1 1124 1124 · HK

PriceHK$0.1240

Fair ValueHK$0.2047

Upside+65.1%

Quality45/100

Evidence: Low Range HK$0.1175 – HK$0.2727

Fair value as of: Jul 2, 2026

From 3 valuation models · updated today

Share price −14.5% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.1190 – HK$0.7800 · fair‑value band HK$0.1175 – HK$0.2727 · the HK$0.1240 price screens below the HK$0.2047 fair value. As of Jul 2, 2026.

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Analysis

1124 (1124) currently trades at HK$0.1240, while our model-based Fair Value estimate is HK$0.2047 — implying the stock looks roughly 65.1% undervalued today. We read business quality at 45/100 (below-average 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: low) — always confirm before acting.

Trailing-twelve-month revenue stands at HK$149M. It earns a return on equity of -31.1%. Net debt stands at HK$222M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$149M

Revenue growth (YoY) +2,104%

Net margin -220%

Return on equity -31.1%

Free cash flow −HK$51.6M FY2025

Operating margin 57.7%

More key figures

EPS (TTM) HK$-0.7900

Net debt HK$222M FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 2, 2026. TTM = trailing twelve months.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

1124 reported revenue of HK$116M in FY2025 versus HK$130M in FY2021, a compound −2.8%/yr. Reported net income was −HK$382M in FY2025.

Revenue −2.8%/yr

FY21 HK$130M

FY22 HK$6.7M

FY23 HK$211M

FY24 HK$4.2M

FY25 HK$116M

Net income

FY21 −HK$281M

FY22 −HK$943M

FY23 −HK$426M

FY24 −HK$1.4B

FY25 −HK$382M

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Similar stocks

6 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 2, 2026).

Stock	Price	Fair Value	vs Fair Value
Vinhomes Joint Stock Company VHM	146,800 VND	367,000 VND	+150%
DLF Limited DLF	₹577.70	₹263.02	-54%
PT Pantai Indah Kapuk Dua Tbk, PANI	6,325 IDR	1,330 IDR	-79%
Lodha Developers Limited LODHA	₹894.45	₹721.45	-19%
Oberoi Realty Limited OBEROIRLTY	₹1,633	₹1,368	-16%
Godrej Properties Limited GODREJPROP	₹1,708	₹2,070	+21%

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Frequently asked questions

Is 1124 (1124) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.2047 versus a price of HK$0.1240 — about +65% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 1124?

Our model-based fair value for 1124 is HK$0.2047 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.1240.

What is the quality score of 1124?

1124 has a Quality Score of 45/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 1124 (1124)?

1124 reported trailing-twelve-month revenue of about HK$149M (latest available figure, as of Jul 2, 2026).

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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.