Who are Sino Horizon's main competitors?

Named competitors: Highwealth Construction (2542.TW), Farglory Land Development (5522.TW), Kindom Construction (2520.TW). The cockpit's measured peer set (industry) also includes Jeudan A/S (JDAN.CO), HIAG Immobilien (HIAG.SW), Altra Fastigheter (ALTRA.ST), New World Development (0017.HK), Jinke Property (000656.SZ), Realia Business (RLIA.MC).

How has Sino Horizon stock performed?

Over six months to 6 Nov 2026 the shares returned +40.5% against -8.9% for the median peer; over one year +56.6%.

← CockpitCompetitor Analysis › 2923.TW Sino Horizon Holdings Ltd.Open in the cockpit ↗

Sino Horizon Holdings Ltd.2923.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Real Estate›Real Estate Development

Taiwanese real estate developer (formerly a construction firm) building residential and commercial projects.

Momentum leader 94

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$1.65B

US dollars, full cap

Free float

of shares outstanding

$/day

$137,990

20-day average traded

Fwd P/E

n/m

no positive forecast

ROIC−WACC

n/a

WACC 5.0%

Hurdle

n/a

no reverse DCF

Close · TWDNT$31.40

1D-1.1%

1W+16.3%

1M+29.5%

3M+5.5%

6M+40.5%

YTD+57.0%

1Y+56.6%

ATR %6.8%

52w lowhigh28.9% off high

What Sino Horizon does

Taiwanese real estate developer (formerly a construction firm) building residential and commercial projects.

Products and services

Residential development
Commercial development

Customers

Homebuyers
Commercial tenants

Where it sits in the supply chain

Real Estate
Homebuilding
Residential development

What could go right

Taiwan property market cycles

What could go wrong

Land cost inflation
Interest-rate sensitive demand

Moat: none (scale). Small/mid-tier developer without a scale or brand edge over larger peers.

Headquarters: Taipei, Taiwan

Named competitors

Sino Horizon at a glance

Size Sino Horizon (2923.TW) is a Taiwan Real Estate company (Real Estate Development) with a market value of $1.65B, the 191st largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$31.40 on 6 Nov 2026.

Performance Over six months the shares gained 40.5%, against -8.9% for the median peer and -3.4% for the Taiwan market (cap-weighted) — highest of 20 in its peer set.

Growth Revenue grew 63.0% over the last twelve months (peer median +1.4%); the operating margin is 46.7% (peer median 15.1%).

Relative performance

Six months, rebased to 100: Sino Horizon against the median of its 20 peers (local-currency closes).

Sino Horizon financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	NT$8.49B	NT$5.80B	NT$8.56B	NT$11.7B	NT$9.22B
Revenue growth	—	-32%	-27%	+27%	—
Gross profit	NT$4.55B	NT$2.88B	NT$4.99B	NT$6.49B	NT$5.45B
EBITDA	NT$4.03B	NT$2.44B	NT$4.58B	NT$5.98B	NT$4.94B
Net income	-NT$5.48B	-NT$6.30B	NT$759M	NT$565M	NT$593M
Free cash flow	-NT$1.52B	-NT$2.21B	-NT$3.29B	NT$2.96B	NT$3.87B
Capital expenditure	NT$156M	NT$53.0M	NT$9.29M	NT$193M	NT$64.8M
Total debt	NT$53.9B	NT$52.1B	NT$57.5B	NT$48.3B	NT$40.8B

Quarterly statements and history in the cockpit →

Sino Horizon competitor charts

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.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Sino Horizon is the large dot.

Sino Horizon competitors and peer comparison

Head to head with its named competitors (2923.TW vs 2542.TW vs 5522.TW vs 2520.TW)
Company	Market cap	6M return	Revenue growth	Op. margin	EV / Sales	Req g
Sino Horizon 2923.TW	$1.65B	+40%	+63%	47%	n/a	n/a
Highwealth Construction 2542.TW	$2.42B	-5%	+111%	25%	n/a	n/a
Farglory Land Development 5522.TW	$1.34B	-18%	+164%	26%	1.9×	-13.6%
Kindom Development 2520.TW	$600M	+15%	+10%	16%	1.1×	-13.2%

How Sino Horizon compares with its peers

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.

Sino Horizon against its 20 peers (data as of 6 Nov 2026)
Measure	2923.TW	Peer median	Rank in peer set
1-month return	+29.5%	-0.4%	highest of 21
6-month return	+40.5%	-8.9%	highest of 20
Distance from 52-week high	-28.9%	-18.5%	9th lowest of 21
Revenue growth (TTM)	+63.0%	+1.4%	4th highest of 20
Operating margin	46.7%	15.1%	8th highest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	EV / Sales	Req g	Delivered g
Sino Horizon 2923.TW	Taiwan	$1.65B	+40%	+63%	47%	n/a	n/a	n/a
Jeudan A/S JDAN.CO	Denmark	$1.66B	0%	+3%	62%	n/a	n/a	n/a
HIAG Immobilien HIAG.SW	Switzerland	$1.64B	-2%	+96%	50%	n/a	n/a	n/a
Altra Fastigheter ALTRA.ST	Sweden	$1.64B	+18%	-2%	64%	n/a	n/a	n/a
New World Development 0017.HK	Hong Kong	$1.68B	-46%	+10%	-8%	n/a	n/a	n/a
Jinke Property 000656.SZ	China	$1.68B	-24%	-87%	-1,642%	n/a	n/a	n/a
Realia Business RLIA.MC	Spain	$1.68B	-3%	+82%	41%	n/a	n/a	n/a
Greater Bay Area AI Computing Tech 1396.HK	Hong Kong	$1.70B	-41%	+76%	-6%	n/a	n/a	n/a
Shanghai Waigaoqiao Free Trade Zone 600648.SS	China	$1.60B	-15%	-3%	8%	n/a	n/a	n/a
Dom Development DOM.WA	Poland	$1.59B	-6%	+14%	24%	n/a	n/a	n/a
Greentown Service 2869.HK	Hong Kong	$1.74B	-9%	+13%	7%	n/a	n/a	n/a
Greentown China 3900.HK	Hong Kong	$1.74B	-48%	+1%	3%	n/a	n/a	n/a
Castellana Properties Socimi YCPS.MC	Spain	$1.57B	-4%	+59%	63%	n/a	n/a	n/a
GuocoLand F17.SI	Singapore	$1.75B	-16%	-24%	7%	n/a	n/a	n/a
China-Singapore Suzhou Industrial Park Development 601512.SS	China	$1.75B	-23%	-32%	22%	n/a	n/a	n/a
Yuexiu Property 0123.HK	Hong Kong	$1.55B	-30%	-21%	0%	n/a	n/a	n/a
China Jinmao 0817.HK	Hong Kong	$1.77B	-45%	-8%	5%	n/a	n/a	n/a
PPI Public Property Invest PUBLI.ST	Sweden	$1.78B	n/a	n/a	70%	n/a	n/a	n/a
GreatTown 600094.SS	China	$1.51B	-2%	-36%	4%	n/a	n/a	n/a
Intershop ISN.SW	Switzerland	$1.82B	-9%	+5%	79%	n/a	n/a	n/a
Grainger GRI.L	United Kingdom	$1.83B	+19%	-23%	49%	n/a	n/a	n/a

Questions

Who are Sino Horizon's main competitors?: Named competitors: Highwealth Construction (2542.TW), Farglory Land Development (5522.TW), Kindom Construction (2520.TW). The cockpit's measured peer set (industry) also includes Jeudan A/S (JDAN.CO), HIAG Immobilien (HIAG.SW), Altra Fastigheter (ALTRA.ST), New World Development (0017.HK), Jinke Property (000656.SZ), Realia Business (RLIA.MC).
How has Sino Horizon stock performed?: Over six months to 6 Nov 2026 the shares returned +40.5% against -8.9% for the median peer; over one year +56.6%.