Powerlong Real Estate Holdings Limited
Powerlong Real Estate Holdings Limited (HKSE: 1238) is trading at HK$0.17, about ₹2 at today's HKD/INR rate, as of 28 Sep 2026, 4:08 AM ET, down 6.15% today. Indian residents can buy Powerlong Real Estate from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$0.16
Today's high
HK$0.18
52 week low
HK$0.15
52 week high
HK$0.32
1238 opened at HK$0.18, closed previously at HK$0.18, and has traded between HK$0.15 and HK$0.32 over the past 52 weeks.
About
Powerlong Real Estate Holdings Limited operates as an investment vehicle, primarily engaging in the investment, development, operation, and management of commercial real estate ventures across mainland China. The company's diverse activities are structured around four key business divisions: Property Development, Property Investment, Commercial Operation and Residential Property Management, and other property development-related services. Its core work includes constructing both commercial and residential properties, running hotel establishments, delivering residential property administration, and providing construction services. As of December 31, 2021, Powerlong boasted an impressive portfolio of 220 property development projects that were developed, owned, and actively operated. Its investment properties, mainly shopping malls, covered approximately 7.29 million square meters of gross floor area (GFA). Furthermore, it maintained a significant land bank totaling 36.5 million square meters in GFA, alongside owning and managing twenty hotels, comprising eight internationally branded hotels and twelve under its own proprietary brands. The company, established in 2007, is headquartered in Shanghai, People's Republic of China.
Key statistics
Avg. volume
637.42K
Market cap
HK$695.59M
P/E Ratio
-0.16
Price-to-sales ratio
0.03
Enterprise value
CN¥43.39B
Free cash flow yield
436.75%
Debt-to-equity ratio
1.93
Return on equity
-14.48%
ROIC
-2.63%
Beta
1.49
Dividend yield
0.00%
Last dividend
HK$0.00
Financial overview
Revenue
CN¥22.64B
Earnings per share
-CN¥1.42
Free cash flow
CN¥2.88B
Net profit margin
-22.40%
Gross margin
-4.78%
EBITDA
-CN¥220.05M
Revenue growth
-12.11%
Similar securities
This is not an investment recommendation
How to buy Powerlong Real Estate from India
Indian residents can buy Powerlong Real Estate 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 Powerlong Real Estate and place an order
Find Powerlong Real Estate by name or by its ticker, 1238, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. Powerlong Real Estate trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Powerlong Real Estate position in HKD and INR. Powerlong Real Estate 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 Powerlong Real Estate from India
Trading and taxes when buying Powerlong Real Estate 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
- NonePowerlong Real Estate does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Powerlong Real Estate stock?
Yes. Powerlong Real Estate (1238) has been listed on the Hong Kong Stock Exchange since 2009, in the Real Estate - Development 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 Powerlong Real Estate share cost in rupees?
One Powerlong Real Estate share is HK$0.17 — about ₹2 at an HKD/INR rate of 12.24 on 27 Sep 2026. Both the Powerlong Real Estate 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 Powerlong Real Estate 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 Powerlong Real Estate?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on Powerlong Real Estate 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 Powerlong Real Estate price. Paasa issues a capital-gains statement for your return.
Does Powerlong Real Estate pay a dividend?
No. Powerlong Real Estate 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 Powerlong Real Estate 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 Powerlong Real Estate a Hong Kong SAR China company, and does that change how it is taxed?
Powerlong Real Estate trades on the Hong Kong Stock Exchange in HKD, but the company is domiciled in China. Powerlong Real Estate trades as an ordinary share listed directly in Hong Kong, not a depositary receipt. Your India-side capital-gains treatment is the same either way.
Do I have to declare Powerlong Real Estate 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 Powerlong Real Estate holding, its cost and its closing value.
How do I sell Powerlong Real Estate 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.