EXCELLENCE CM (06989.HK) Stock Price, Quote & News

Sep, 4

6989.HK closed flat at HKD 0.55 today, exhibiting a session of bottom-fishing recovery followed by a pullback from highs. The stock initially touched HKD 0.52 (52-week low) in the morning before rebounding to HKD 0.57 (intraday high) in the afternoon session. The weak price action was primarily driven by the release of 1H FY26 results, which showed a sharp 31.4% drop in net profit to RMB 111.28 million despite a 5.2% revenue increase to RMB 2.1 billion. This earnings disappointment compounded a prior profit warning (forecasting a 60%-70% annual profit decline). YTD, the stock has fallen 32.93%, trading 56% below its 52-week high of HKD 1.25. It sits slightly above the 20-day MA (HKD 0.528) but below the 60-day MA (HKD 0.548), suggesting tentative stabilization but a still-weak medium-term trend. However, the stock's PB of 0.15x and PE of 7.9x reflect deeply discounted valuation levels.

Sep, 1

Excellence Commercial Property opened lower in the morning session, dropping from HKD 0.530 to HKD 0.520, a decline of about 1.0%, and hit a new 52-week low of HKD 0.520. The current price is 66.5% below its 52-week high of HKD 1.55 and has fallen 36.6% year-to-date. The main driver is the company's 1H FY26 net profit drop of 31.4% to RMB 111.28 million, despite revenue rising 5.2% to RMB 2.1 billion, with a net profit margin of only 5.6%. Q2 EPS declined 15.4% YoY to HKD 0.0558, and operating profit fell 9.3% YoY, continuing the weakness from Q1. Recent news also highlighted profit slumps due to impairments and business disposals, and a prior profit warning of a 60%-70% annual profit decline. However, the average price slightly exceeds the current level, and volume was only 626,000 shares, suggesting limited selling pressure.

Aug, 31

Excellence Commercial Property & Facilities Management (6989.HK) traded in a narrow range today, closing at HKD 0.520, up 0.97% from the previous close of HKD 0.515, with an intraday band of HKD 0.515-0.530 and turnover of approximately HKD 261,490. The subdued movement reflects mixed earnings: H1 FY26 revenue grew 10.93% YoY to HKD 1.21 billion, but net profit declined 15.41% YoY to HKD 68.04 million, amid persistent concerns over impairment charges and related-party transactions. The stock remains 66.45% below its 52-week high of HKD 1.55 and has lost 36.59% year-to-date, trading below both the 20-day MA (HKD 0.526) and 60-day MA (HKD 0.554), with a PB of just 0.14x. While the company is de-risking through asset swaps and reducing reliance on related parties, with third-party revenue growing 26.9%, earnings pressure from impairments and a subdued property market continue to weigh on sentiment.

Aug, 28

Excellence Commercial Property & Facilities Management dropped sharply in the afternoon session, closing at HKD 0.500, down 5.66%, with a volume of 140,000 shares and turnover of HKD 72,875. The stock opened flat and traded narrowly in the morning but began declining after 13:00 BJ, reaching an intraday low of HKD 0.500—a new 52-week low. The sell-off was triggered by the release of its 1H FY2026 results: net profit dropped 31.4% to RMB 111.28 million despite a 5.2% revenue increase to RMB 2.1 billion. The stock now trades at the low end of its 52-week range, with a YTD decline of 39.02%, and sits below both its 20-day (HKD 0.526) and 60-day moving averages (HKD 0.556). While profitability pressure remains, the company's third-party business growth and reduced related-party transaction exposure offer some offset.

Aug, 26

Dragged by prior profit warning and recent swing to net loss, Excellence Commercial Property & Facilities Management Services Group (6989.HK) opened lower and drifted down, closing -0.95% at HKD 0.520 with an intraday range of 3.85%. The stock touched HKD 0.510, just 2% above its 52-week low, while YTD performance slumped 36.59%. Q4 2025 revenue edged down 0.58% YoY to ~HKD 1.125 billion, but net loss hit HKD 24.5 million, plunging 132.55% YoY with EPS turning negative to -HKD 0.0203, mainly due to impairment and business disposal as flagged in the earnings warning (forecast 60%-70% annual profit decline). The stock trades at a PE of 5.57x and PB of 0.15x, yet remains below both its MA20 (HKD 0.528) and MA60 (HKD 0.562), reflecting lingering market concern over fundamental recovery.

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