1988 (1988) Fair Value & Analysis

Financial Services · Market cap HK$141B

1 1988 1988 · HK

PriceHK$3.20

Fair ValueHK$6.40

Upside+100.0%

Quality37/100

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Evidence: High Range HK$4.80 – HK$8.00

Fair value as of: Jul 2, 2026

From 17 valuation models · updated today

Share price −6.1% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$3.14 – HK$5.20 · fair‑value band HK$4.80 – HK$8.00 · the HK$3.20 price screens below the HK$6.40 fair value. As of Jul 2, 2026.

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Analysis

1988 (1988) currently trades at HK$3.20, while our model-based Fair Value estimate is HK$6.40 — implying the stock looks roughly 100.0% undervalued today. We read business quality at 37/100 (below-average quality), in the Financial Services 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, 1988 generated revenue of HK$83.7B at a net margin of 35.1%. Revenue declined 7.8% year over year. It earns a return on equity of 4.3%. Net debt stands at HK$436B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$83.7B

Revenue growth (YoY) -7.8%

Net margin 35.1%

Return on equity 4.3%

Free cash flow −HK$167B FY2025

P/E ratio 4.7

More key figures

Operating margin 54.4%

EPS (TTM) HK$0.6000

Dividend yield 6.0%

EPS growth (YoY) -10.3%

Net debt HK$436B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

1988 reported revenue of HK$266B in FY2025 versus HK$321B in FY2021, a compound −4.6%/yr. Reported net income was HK$30.6B in FY2025, compounding −2.9%/yr from FY2021.

Revenue −4.6%/yr

FY21 HK$321B

FY22 HK$298B

FY23 HK$306B

FY24 HK$289B

FY25 HK$266B

Net income −2.9%/yr

FY21 HK$34.4B

FY22 HK$35.3B

FY23 HK$35.8B

FY24 HK$32.3B

FY25 HK$30.6B

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Similar stocks

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

Stock	Price	Fair Value	vs Fair Value
HDFC Bank Limited HDFCBANK	₹747.05	₹894.11	+20%
PT Bank Central Asia Tbk BBCA	6,125 IDR	6,087 IDR	-1%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI	2,880 IDR	5,760 IDR	+100%
Banco Bradesco S.A BBD	5,120 ARS	10,240 ARS	+100%
KB Financial Group 105560	154,000 KRW	172,992 KRW	+12%
PT Bank Mandiri (Persero) Tbk BMRI	3,710 IDR	7,420 IDR	+100%

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Frequently asked questions

Is 1988 (1988) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$6.40 versus a price of HK$3.20 — about +100% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 1988?

Our model-based fair value for 1988 is HK$6.40 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$3.20.

What is the quality score of 1988?

1988 has a Quality Score of 37/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 1988 (1988)?

1988 reported trailing-twelve-month revenue of about HK$83.7B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 1988?

The net profit margin of 1988 is about 35.1%, meaning it keeps roughly 35.1% of revenue as net income. Based on the latest reported figures.

Does 1988 pay a dividend?

1988 currently shows a dividend yield of about 6.02% relative to its recent price (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.