Asia300

Sun Hung Kai Properties Ltd.

Hong Kong

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
May 26, 2017
Prev close: 114.8
May 26, 2017
Market cap:
Market cap(USD):
332,443M
42,651.1M
Shares: 2,895.84M

Currency in HKD

Company profile

Market(Ticker): HKG(16)
Sector:
Industry:
Finance
Real Estate Development
Full time employees: 37,000

Business summary

Sun Hung Kai Properties Ltd. is a investment holding company, which engages in the development of and investment in properties for sale and rent. It operates through the following segments: Property Development for Sale, Property Investment for Rental, Hotel Operation, Telecommunications, Transport Infrastructure and Logistics, and Other Businesses. The company was founded on July 14, 1972 and is headquartered in Hong Kong.

Company background

Sun Hung Kai Properties, the largest property developer in Hong Kong, is also its biggest commercial landlord.

SHKP operates many office buildings, shopping malls and luxury hotels, including the 118-story International Commerce Centre in West Kowloon, the tallest building in Hong Kong, and the International Finance Centre in the Central district. It also builds and sells luxury condominiums and other residential properties.

In mainland China, SHKP operates mainly in Shanghai, Guangzhou and other major cities. SHKP is promoting a large-scale development project in Shanghai's Xujiahui district, following Shanghai IFC in Pudong and Shanghai ICC in Puxi.

The company has also entered the information technology business through its subsidiaries: SmarTone Telecommunications Holdings provides mobile phone services, and SUNeVision Holdings runs a data center business.

SHKP was established in the 1960s by Kwok Tak-seng, Fung King-hey and Lee Shau-kee. In the years leading up to the return of Hong Kong to Chinese rule, SHKP became Hong Kong's largest developer through aggressive, large-scale development projects in the New Territories.

Kwok's three sons took over SHKP after he died in 1990. Walter Kwok Ping-sheung, Kwok's first son, was forced to step down as chairman in 2008. His second son, Thomas Kwok Ping-kwong, and third son, Raymond Kwok Ping-luen, were arrested on bribery charges in 2012. Thomas Kwok was convicted of conspiracy to commit misconduct in public office in 2014, while Raymond Kwok was acquitted on all charges. Currently, SHKP is run by Raymond Kwok.

In the news

Financial highlights

Jun 2016

  • Local currency
  • US Dollar
Revenue 92,128M
Gross profit 35,631M
Operating income 26,937M
Income before tax 35,570M
Net income 32,666M
EBITDA --
Diluted EPS 11.3
Dividends per share 3.85
Total assets 614,515M
Total liabilities 140,007M
Total equity 468,707M
Operating cash flow 15,411M

Currency in HKD

Revenue 11,872.99M
Gross profit 4,591.94M
Operating income 3,471.50M
Income before tax 4,584.08M
Net income 4,209.82M
EBITDA --
Diluted EPS 1.45
Dividends per share 0.49
Total assets 79,211.00M
Total liabilities 18,046.90M
Total equity 60,416.34M
Operating cash flow 1,986.09M

Currency in USD

Valuation measures

Jun 2016

PER 8.22
ROA 5.36%
ROE 7.10%
Operating margin 29.23%
Profit margin 35.45%

Key executive

  • Chairman, GM & Managing Director: Ping Luen Kwok
  • Principal Financial & Accounting Officer: Ching-kam Li
  • Executive Director & Deputy Managing Director: Chik wing Wong
  • Executive Director & Deputy Managing Director: Ting Lui
  • Manager: Pak Cheung Hong

Share holders

  • KWOK TAK SENG FAMILY(26.2%)
  • KWOK PING SHEUNG(6.7%)
  • LEE SHAU KEE(2.1%)
  • The Vanguard Group, Inc.(1.3%)
  • Capital Research & Management Co. (World Investors)(1.2%)
  • Capital Research & Management Co. (Global Investors)(0.8%)
  • BlackRock Fund Advisors(0.8%)
  • Norges Bank Investment Management(0.6%)
  • APG Asset Management NV(0.6%)
  • Hang Seng Investment Management Ltd.(0.5%)

Address

  • Website: http://www.shkp.com
  • Address: 45th Floor, Sun Hung Kai Centre, Hong Kong, Hong Kong
  • Phone: +852.2827.8111

Copyright © 2017 FactSet Research Systems Inc. All rights reserved.