Tai Sang Land Development Limited (0089.HK)

Tai Sang Land Development Limited (0089.HK) — VMCI valuation read

0089.HK screens at VMCI 47/100, a 4-point gap below the Real Estate sector median (50). For a mid-cap Tai Sang Land Development Limited share, that placement says the multi-pillar composite is richer or lower quality than the typical peer on a like-for-like basis.

0089.HK has logged no Form 4 insider activity over the trailing 30 days. The tape reads neither bullish nor bearish on insider conviction. The next signal sits with the 10-Q schedule and the analyst calendar.

**Investor frame.** Value: 0089.HK trades at 24.0x earnings, 33% above the Real Estate median of 18.0x, while EV/EBITDA prints 9.0x against 12.0x for the Real Estate group. Quality: ROIC of 16.0% sits 6.0pp above the Real Estate median (10.0%), the cleanest like-for-like comparison on capital efficiency. Risk: net debt to EBITDA of 2.1x is the rate-sensitivity line to watch, which sets the rate-cycle exposure for Tai Sang Land Development Limited.

0089.HK rose 3.8% over the trailing 7 days, with a +5.4% read on a 30-day basis.