Seazen stock rises 1.40 percent as H1 margins improve

Published on 10/06/2026 at 11:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Seazen stock was last at HKD 1.45 on October 6, 2026, with a 1.40 percent session gain. H1 revenue fell 20.2 percent as gross margin reached 30.7 percent.

Seazen, KYG7956A1094, Illustration mit AI erstellt.

Seazen stock (ISIN KYG7956A1094) was last at HKD 1.45 on the Hong Kong Stock Exchange on October 6, 2026, up 1.40 percent in the session. The latest reported half-year figures show a sharper split between falling property sales and improving commercial-property margins, according to Quartr on September 7, 2026.

Margins improve as revenue contracts

For the first half of 2026, Seazen reported revenue of RMB 17.6864 billion, down 20.2 percent year over year. Net profit attributable to equity holders fell 12.1 percent to RMB 608.1 million, while gross profit increased to RMB 5.4240 billion.

The gross margin reached 30.7 percent, compared with 24.4 percent a year earlier, a gain of 6.3 percentage points. The result reflects a larger contribution from commercial property management and rental income, even as the residential property market remained a drag on revenue, Quartr reports.

REIT plans meet weaker property sales

Seazen also received Hong Kong Exchange approval to spin off two projects as commercial real estate investment trusts, according to MarketScreener on September 7, 2026. The transaction is part of the group's effort to shift its asset mix toward recurring commercial income and improve capital flexibility.

That strategy is being tested by the development business. Contracted sales totaled RMB 8.107 billion from January through August 2026, down 40.24 percent year over year, while August sales alone were RMB 889 million, according to MarketScreener on September 11, 2026.

Consensus remains above the stock price

MarketScreener lists an Outperform consensus from 8 analysts, with an average target price of CNY 1.893 and a spread of 46.78 percent over its cited last close of CNY 1.290, based on its September 7, 2026 page. The same source identifies Seazen as a real estate development and operations company listed in Hong Kong.

The commercial income trend offers a counterweight to the sales decline. Seazen reported 181 Wuyue Plazas in operation and cash and cash equivalents of RMB 7.85 billion as of June 30, 2026, while its net debt-to-equity ratio stood at 57.1 percent, according to Quartr.

Seazen stock trades above its yearly low

Seazen stock was last at HKD 1.45 on October 6, 2026, at 4:08 p.m. HKT. The price stood above the 52-week low of HKD 1.30 and below the 52-week high of HKD 2.81, with market capitalization of HKD 10.5 billion and session volume of 1,146,000 shares.