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Operates large home-furnishing and home-improvement shopping malls across China, leasing space to furniture and decor retailers.
Operates large home-furnishing and home-improvement shopping malls across China, leasing space to furniture and decor retailers.
Landlord of furniture and building-material malls: brand tenants rent booth space and pay management fees, and it also manages malls owned by others under its name. This is the Hong Kong listing of the same company that trades in Shanghai.
In one line: A Chinese mall landlord for home-furnishing retailers.
Moat: narrow (installed base, scale, brand). Largest home-furnishing mall network in China gives tenants and shoppers few comparable alternatives.
Headquarters: Shanghai, China · Founded: 1986 · Employees: 9,012
Size Red Star Macalline (1528.HK) is a Hong Kong Real Estate company (Real Estate Development) with a market value of $1.18B, the 557th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$0.95 on 6 Nov 2026.
Performance Over six months the shares fell 32.6%, against -10.9% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 2.8% over the last twelve months (peer median -2.1%); the operating margin is -24.5% (peer median 14.7%).
Valuation It trades at 0.16× book value against a peer median of 1.32× (cheapest of 21).
Price implies The share price implies a return on equity of about 4.3%; Red Star Macalline delivers -61.1%, so the price asks more than the business earns today.
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$7.02B | HK$7.10B | HK$8.43B | HK$12.7B | HK$16.0B |
| Revenue growth | — | -16% | -34% | -20% | — |
| Gross profit | HK$4.64B | HK$4.13B | HK$4.76B | HK$7.77B | HK$8.90B |
| EBITDA | n/a | HK$1.67B | HK$1.80B | HK$2.97B | HK$6.33B |
| Net income | -HK$22.5B | -HK$25.7B | -HK$3.23B | -HK$2.67B | HK$650M |
| Free cash flow | HK$1.82B | HK$647M | -HK$90.3M | HK$225M | HK$3.49B |
| Capital expenditure | HK$271M | HK$289M | HK$401M | HK$45.9M | HK$1.22B |
| Total debt | HK$31.8B | HK$50.1B | HK$33.7B | HK$42.1B | HK$43.1B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Red Star Macalline 1528.HK | $1.18B | -33% | -3% | -61% | 0.16× | 4.3% |
| Easyhome New Retail 000785.SZ | $1.97B | -18% | -23% | -6% | 0.68× | 5.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1528.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.9% | -5.1% | 10th lowest of 21 |
| 6-month return | -32.6% | -10.9% | 4th lowest of 21 |
| Return on equity | -61.1% | 7.1% | 3rd lowest of 21 |
| Price / book | 0.16× | 1.32× | cheapest of 21 |
| ROE the price implies | 4.3% | 8.4% | least demanding of 21 |
| ROE delivered | -61.1% | 7.1% | 3rd lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Red Star Macalline 1528.HK | Hong Kong | $1.18B | -33% | -3% | -61% | 0.16× | 4.3% | -61.1% |
| Tosei 8923.T | Japan | $1.18B | +17% | +14% | 14% | 1.65× | 7.6% | 14.5% |
| Mainstreet Equity MEQ.TO | Canada | $1.19B | +1% | +5% | 10% | 0.90× | 7.1% | 9.8% |
| Forestar FOR | United States | $1.21B | -14% | -2% | 8% | 0.63× | 8.7% | 7.7% |
| Beijing Urban Construction Investment & Development Co 600266.SS | China | $1.16B | -21% | -31% | -7% | 0.47× | 5.2% | -7.2% |
| Sri Lotus Developers and Realty LOTUSDEV.NS | India | $1.21B | +59% | +40% | 15% | 5.62× | 114.8% | 15.5% |
| Shenzhen Zhenye (Group) 000006.SZ | China | $1.24B | -37% | -56% | -3% | 1.58× | 15.8% | -2.8% |
| Frey FREY.PA | France | $1.24B | 0% | +45% | 12% | 1.06× | 6.6% | 12.1% |
| IRSA Inversiones y Representaciones SA Sponsored ADR IRS | United States | $1.12B | -10% | +4% | 18% | 0.69× | 8.2% | 18.2% |
| Signatureglobal (India) SIGNATURE.NS | India | $1.11B | -17% | -23% | 85% | 5.68× | 106.1% | n/a |
| Cibus Real Estate AB (publ) CIBUS.ST | Sweden | $1.11B | -12% | +20% | 9% | 1.03× | 8.6% | 8.9% |
| Tibet Urban Development & Investment 600773.SS | China | $1.27B | -67% | -78% | -12% | 2.02× | 23.5% | -12.3% |
| AEDAS Homes AEDAS.MC | Spain | $1.10B | +1% | -25% | 6% | 1.17× | 7.9% | 6.5% |
| Shenzhen Kingkey Smart Agriculture Times 000048.SZ | China | $1.10B | -7% | -17% | -22% | 2.14× | 13.5% | -22.0% |
| Art 0565.HK | Hong Kong | $1.28B | +38% | +51% | -66% | 532.05× | 1,228.3% | -65.6% |
| Vivenio Residencial SOCIMI YVIV.MC | Spain | $1.09B | -1% | +34% | 6% | 0.80× | 5.1% | n/a |
| Ichigo 2337.T | Japan | $1.09B | -13% | -17% | 14% | 1.48× | 7.4% | 14.4% |
| Cinda Real Estate 600657.SS | China | $1.08B | -19% | -44% | -32% | 0.49× | 4.9% | -31.6% |
| Zhuhai Zhumian 600185.SS | China | $1.08B | -27% | -49% | -148% | 273.59× | 1,984.1% | -148.0% |
| China Overseas Grand Oceans 0081.HK | Hong Kong | $1.30B | -7% | -3% | 1% | 0.28× | 5.8% | 1.1% |
| Wedge Industrial 000534.SZ | China | $1.30B | -57% | +4% | 10% | 4.54× | 40.7% | 9.8% |