9978 (9978) Fair Value & Analysis
Real Estate · Market cap HK$90.4M
Fair value as of: Jul 3, 2026
From 9 valuation models · updated today
Share price +55.9% over the past month.
Price vs Fair Value (12 months)
12‑month range HK$0.0540 – HK$0.2500 · fair‑value band HK$0.3700 – HK$0.5400 · the HK$0.2260 price screens below the HK$0.4600 fair value. As of Jul 3, 2026.
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9978 (9978) currently trades at HK$0.2260, while our model-based Fair Value estimate is HK$0.4600 — implying the stock looks roughly 103.5% undervalued today. We read business quality at 69/100 (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: medium) — always confirm before acting.
Over the trailing twelve months, 9978 generated revenue of HK$351M at a net margin of -15.0%. Revenue declined 0.4% year over year. The balance sheet holds a net cash position of HK$69.9M. Fundamentals as of Jul 3, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
9978 reported revenue of HK$342M in FY2025 versus HK$571M in FY2021, a compound −12.1%/yr. Reported net income was −HK$51.1M in FY2025.
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Similar stocks
6 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Vingroup Joint Stock Company VIC | 196,000 VND | 33,299 VND | -83% |
| CBRE Group CBRE | $134.06 | $72.87 | -46% |
| 2423 2423 | HK$38.90 | HK$17.91 | -54% |
| 1972 1972 | HK$20.40 | HK$18.75 | -8% |
| 1209 1209 | HK$36.68 | HK$34.70 | -5% |
| Plaza S.A MALLPLAZA | 3,732 CLP | 6,475 CLP | +74% |
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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.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.