Asia300

Wheelock & Co. Ltd.

Hong Kong

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Apr 24, 2017
Prev close: 61.1
Apr 24, 2017
Market cap:
Market cap(USD):
124,567.57M
16,019.08M
Shares: 2,038.74M

Currency in HKD

Company profile

Market(Ticker): HKG(20)
Sector:
Industry:
Finance
Real Estate Development
Full time employees: 14,400

Business summary

Wheelock & Co. Ltd. is an investment holding company, which engages in property investment and development. It operates through the following segments: Investment Property, Development Property, Hotels, Logistics, and Communications, Media and Entertainment (CME). The Investment property segment provides property leasing operations. The Development Property segment engages in the acquisition, development, design, construction, sale and marketing properties. The Hotels Segment includes hotel operations in the Asia Pacific region. The Logistics Segment includes the container terminal operations in Hong Kong and Mainland China undertaken by Modern Terminals Limited, Hong Kong Air Cargo Terminals Limited and other public transport operations. The CME segment comprises pay television, internet and multimedia and other businesses operated by i-CABLE Communications Limited. It also involved in rental and sale of properties, communications, media and entertainment business, logistic operations and hotel operations. The company was founded in 1857 and is headquartered in Hong Kong.

Company background

Wheelock is a listed investment holding company based in Hong Kong. Through its key subsidiary, Wharf Holdings, the company engages in a wide range of businesses, including real estate development, shopping mall operations, media and container terminals.

Wharf Holdings operates two of Hong Kong's landmark shopping malls, the Harbour City in Tsim Sha Tsui and the Times Square in Causeway Bay, and accounts for about 10% of retail sales in Hong Kong.

The company runs complexes consisting of office buildings and shopping malls in locations in mainland China, including Shanghai, Dalian, Chongqing and Chengdu.

Wharf Holdings also has hotels under the Marco Polo and Niccolo brands in Hong Kong, mainland China and the Philippines. Group companies include i-Cable Communications, a leading cable TV provider in Hong Kong, and Wharf T&T, a telecommunications company.

Wheelock and Wharf were once separate British conglomerates in Hong Kong. In the 1970s and 1980s, Asian shipping magnate Yue-kong Pao acquired them both. Pao's successor, son-in-law Peter Woo, recently passed control of the businesses to his own eldest son, Douglas Woo, who now serves as chairman of the companies.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 60,579M
Gross profit 24,720M
Operating income 19,395M
Income before tax 26,589M
Net income 16,294M
EBITDA --
Diluted EPS 8.01
Dividends per share 1.3
Total assets 520,435M
Total liabilities 170,915M
Total equity 215,365M
Operating cash flow 31,636M

Currency in HKD

Revenue 7,804.10M
Gross profit 3,184.55M
Operating income 2,498.56M
Income before tax 3,425.33M
Net income 2,099.07M
EBITDA --
Diluted EPS 1.03
Dividends per share 0.16
Total assets 67,125.61M
Total liabilities 22,044.58M
Total equity 27,777.74M
Operating cash flow 4,075.51M

Currency in USD

Valuation measures

Dec 2016

PER 5.44
ROA 3.15%
ROE 7.81%
Operating margin 32.01%
Profit margin 26.89%

Key executive

  • Chairman, Chief Executive Officer & MD: Chun-Kuen Woo
  • Group Chief Financial Officer & Executive Director: Yiu Cheung Tsui
  • Secretary: Wing Sang Chan

Share holders

  • WOO KWONG CHING PETER(60.7%)
  • The Vanguard Group, Inc.(1.0%)
  • Norges Bank Investment Management(0.7%)
  • Third Avenue Management LLC(0.7%)
  • BlackRock Fund Advisors(0.5%)
  • Dimensional Fund Advisors LP(0.4%)
  • APG Asset Management NV(0.2%)
  • NNIP Advisors BV(0.2%)
  • Grantham, Mayo, Van Otterloo & Co. LLC(0.1%)
  • LEUNG CHI KIN(0.1%)

Address

  • Website: http://www.wheelockcompany.com
  • Address: 23rd Floor, Wheelock House, 20 Pedder Street, Hong Kong, Hong Kong
  • Phone: +852.2118.2118

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