2699 (2699) Fair Value & Analysis

Real Estate · Market cap HK$26.4M

2 2699 2699 · HK

PriceHK$4.88

Fair ValueHK$4.87

Upside-0.1%

Quality53/100

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Evidence: Low Range HK$4.26 – HK$4.87

Fair value as of: Jul 2, 2026

From 6 valuation models · updated today

Share price +2,451.0% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.1377 – HK$6.10 · fair‑value band HK$4.26 – HK$4.87 · the HK$4.88 price screens above the HK$4.87 fair value. As of Jul 2, 2026.

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Analysis

2699 (2699) currently trades at HK$4.88, while our model-based Fair Value estimate is HK$4.87 — implying the stock looks roughly 0.1% overvalued today. We read business quality at 53/100 (solid quality), in the Real Estate 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$109M. Net debt stands at HK$1.5B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$109M

Revenue growth (YoY) +837%

Net margin -200%

Free cash flow −HK$74.8M FY2025

Operating margin 95.7%

EPS (TTM) HK$-0.7300

More key figures

Net debt HK$1.5B FY2025

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

2699 reported revenue of HK$109M in FY2025 versus HK$102M in FY2021, a compound +1.8%/yr. Reported net income was −HK$219M in FY2025.

Revenue +1.8%/yr

FY21 HK$102M

FY22 HK$35.2M

FY23 HK$423M

FY24 HK$86.8M

FY25 HK$109M

Net income

FY21 −HK$864M

FY22 −HK$2.3B

FY23 −HK$526M

FY24 −HK$543M

FY25 −HK$219M

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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	₹612.35	₹215.17	-65%
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 2699 (2699) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$4.87 versus a price of HK$4.88 — about −0% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 2699?

Our model-based fair value for 2699 is HK$4.87 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$4.88.

What is the quality score of 2699?

2699 has a Quality Score of 53/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 2699 (2699)?

2699 reported trailing-twelve-month revenue of about HK$109M (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.