Asia300

Henderson Land Development Co. Ltd.

Hong Kong

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 23, 2017
Prev close: 48.9
Mar 23, 2017
Market cap:
Market cap(USD):
177,869.14M
22,900.58M
Shares: 3,637.40M

Currency in HKD

Company profile

Market(Ticker): HKG(12)
Sector:
Industry:
Finance
Real Estate Development
Full time employees: 7,910

Business summary

Henderson Land Development Co. Ltd. is an investment holding company, which engages in the property development and investment, construction, infrastructure, hotel operation, finance, department store operation, and project management. It operates through the following business segments: Property Development; Property Leasing; Hotel Operations; Department Store Operations and Others; and Utility and Energy. The Property Development segment involves in the development and sale of properties. The Property Leasing segment offers leasing of properties. The Hotel Operations segment includes hotel operations and management. The Department Store Operations and Others segment comprises of department store operations and management. The Utility and Energy segment consists of production, distribution and marketing of gas, water supply, and energy businesses. The company was founded by Lee Shau Kee in 1976 and is headquartered in Hong Kong.

Company background

Henderson Land Development is a major property developer that is based and listed in Hong Kong. It builds residential properties, including luxury condominiums, as well as office and commercial complexes, such as the International Finance Centre on Hong Kong Island and the World Financial Centre in Beijing.

Its chairman, Lee Shau-kee, was a founding member of leading Hong Kong real estate developer Sun Hung Kai Properties. But in 1976, he branched out and created Henderson Land Development.

With the money generated from the company's listing on the Hong Kong stock exchange, Lee began acquiring old buildings and farmland and developed the land for sale. This strategy has enabled Henderson Land to grow rapidly over the years. The company is now the biggest landowner in Hong Kong's New Territories.

Group company Hong Kong and China Gas is the dominant supplier of city gas in Hong Kong. It also supplies city gas across the mainland, and boasts more than 20 million customers.

Henderson Land's subsidiaries also include Hong Kong Ferry Holdings and Miramar Hotel and Investment.

Lee is a high-profile stock investor and has been called the "Warren Buffett of Asia." His comments on stock markets attract keen attention from the Hong Kong public.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 23,878M
Gross profit 11,209M
Operating income 6,817M
Income before tax 15,038M
Net income 21,326M
EBITDA --
Diluted EPS 5.87
Dividends per share 1.31
Total assets 336,269M
Total liabilities 80,000M
Total equity 251,247M
Operating cash flow 1,793M

Currency in HKD

Revenue 3,080.00M
Gross profit 1,445.84M
Operating income 879.32M
Income before tax 1,939.74M
Net income 2,750.82M
EBITDA --
Diluted EPS 0.75
Dividends per share 0.17
Total assets 43,388.70M
Total liabilities 10,322.38M
Total equity 32,418.33M
Operating cash flow 231.27M

Currency in USD

Valuation measures

Dec 2015

PER 7.35
ROA 6.52%
ROE 8.71%
Operating margin 28.54%
Profit margin 89.31%

Key executive

  • Chairman & Managing Director: Shau Kee Lee
  • Executive Director-Finance Department: King Yue Lee
  • Senior General Manager-Engineering Department: Yuk Lun Cheng
  • Treasurer & Executive Director: Woon King Fung Lee
  • Vice Chairman: Ko Yin Lam

Share holders

  • LEE SHAU KEE FAMILY(72.4%)
  • Capital Research & Management Co. (World Investors)(0.9%)
  • Norges Bank Investment Management(0.7%)
  • The Vanguard Group, Inc.(0.7%)
  • BlackRock Fund Advisors(0.4%)
  • Third Avenue Management LLC(0.3%)
  • Hang Seng Investment Management Ltd.(0.3%)
  • State Street Global Advisors Asia Ltd.(0.3%)
  • LEE SHAU KEE(0.3%)
  • APG Asset Management NV(0.2%)

Address

  • Website: http://www.hld.com
  • Address: 72-76/F, Two International Finance Centre, Hong Kong, Hong Kong
  • Phone: +852.2908.8888

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