Lai Sun Development Company Limited
Lai Sun Development Company Limited (HKSE: 488) is trading at HK$0.68, about ₹8 at today's HKD/INR rate, as of 24 Sep 2026, 9:15 PM ET, up 0.74% today. Indian residents can buy Lai Sun Development from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$0.68
Today's high
HK$0.68
52 week low
HK$0.51
52 week high
HK$1.08
488 opened at HK$0.68, closed previously at HK$0.68, and has traded between HK$0.51 and HK$1.08 over the past 52 weeks.
About
Lai Sun Development Company Limited is a diversified conglomerate, headquartered in Central, Hong Kong, and operating as a subsidiary of Lai Sun Garment (International) Limited. The company's core business involves the investment, development, leasing, and sale of real estate across multiple geographies, including Hong Kong, Mainland China, Macau, the United Kingdom, Vietnam, and other international markets. Beyond its foundational property segment, Lai Sun Development boasts a significant presence in the hospitality sector, managing and operating hotels and restaurants, and extending management and consultancy services to hotels, serviced apartments, and dining establishments. Its extensive media and entertainment division encompasses a wide range of activities: investing in, producing, licensing, and distributing film and television programs; operating cinemas and theme parks; and developing, managing, and investing in various cultural, leisure, and entertainment facilities and events. The company further engages in music production and distribution, artiste management, album sales, and the licensing and distribution of music and film rights. It also manages film libraries, provides video duplication, and offers translation and subtitling services for television programs, alongside distributing movie video compact discs, digital video discs, and Blu-ray discs. A broad spectrum of supplementary services rounds out its operations, including property management, real estate and leasing agency services, performance agency, building services, luxury yacht brokerage and management, finance and treasury solutions, golf apparel retailing, and trading in gaming products.
Key statistics
Avg. volume
34.19K
Market cap
HK$988.26M
P/E Ratio
-0.25
Price-to-sales ratio
0.20
Enterprise value
HK$23.53B
Free cash flow yield
54.08%
Debt-to-equity ratio
1.19
Return on equity
-17.27%
ROIC
-2.61%
Beta
-0.08
Dividend yield
0.00%
Last dividend
HK$0.00
Financial overview
Revenue
HK$4.90B
Earnings per share
-HK$1.98
Free cash flow
HK$173.30M
Net profit margin
-79.50%
Gross margin
17.78%
EBITDA
-HK$1.47B
Revenue growth
-18.34%
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This is not an investment recommendation
How to buy Lai Sun Development from India
Indian residents can buy Lai Sun Development shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to HKD.
Search for Lai Sun Development and place an order
Find Lai Sun Development by name or by its ticker, 488, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. Lai Sun Development trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Lai Sun Development position in HKD and INR. Lai Sun Development pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Read the full guide: how to invest in Lai Sun Development from India
Trading and taxes when buying Lai Sun Development from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm HKT
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- NoneLai Sun Development does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
- Estate or inheritance tax
- May applyHong Kong has no estate duty.Estate tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Lai Sun Development stock?
Yes. Lai Sun Development (488) has been listed on the Hong Kong Stock Exchange since 1988, in the Real Estate - Diversified industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to HKD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Lai Sun Development share cost in rupees?
One Lai Sun Development share is HK$0.68 — about ₹8 at an HKD/INR rate of 12.23 on 25 Sep 2026. Both the Lai Sun Development price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Lai Sun Development from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
What is the minimum I can buy of Lai Sun Development?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on Lai Sun Development shares taxed in India?
Hong Kong generally does not levy capital gains tax on non-resident individual investors for HKEX-listed stocks, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the HKD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Lai Sun Development price. Paasa issues a capital-gains statement for your return.
Does Lai Sun Development pay a dividend?
No. Lai Sun Development does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade Lai Sun Development from India?
The Hong Kong Stock Exchange trades 7:00 am – 1:30 pm IST in Indian time. It also halts for lunch, 9:30 am – 10:30 am IST. Orders can only execute during that window.
Is there estate or inheritance tax on Lai Sun Development shares held from India?
Hong Kong has no estate duty.
Do I have to declare Lai Sun Development shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Lai Sun Development holding, its cost and its closing value.
How do I sell Lai Sun Development and bring the money back to India?
You sell during market hours (7:00 am – 1:30 pm IST) and the proceeds settle in HKD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.