ArrowArtboardCreated with Sketch.Title ChevronCrossEye IconFacebook IconIcon FacebookGoogle Plus IconLayer 1InstagramCreated with Sketch.Linkedin IconIcon LinkedinShapeCreated with Sketch.Icon Mail ContactPath LayerIcon MailMenu BurgerIcon Opinion QuotePositive ArrowIcon PrintRSS IconIcon SearchSite TitleTitle ChevronTwitter IconIcon TwitterYoutube Icon
Finance

Henderson Land Development Co. Ltd.

  • 49.50 HKD
  • +0.35
  • +0.71%
  • Hong Kong
    Apr 26, 2018
  • Ticker
    HKG(12)
  • Prev. close
    49.15
  • Market cap (HKD)
    196,656.34M
  • Market cap (USD)
    25,061.08M
  • Shares
    4,001.14M

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.

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.

Financial Highlights

Dec 2017 HKDUSD
Revenue25,310M3,247.86M
Gross Profit----
Operating income23,618M3,030.73M
Income before tax32,936M4,226.45M
Net income30,433M3,905.26M
EBITDA23,712M3,042.80M
Diluted EPS7.610.97
Dividends Per Share1.710.21
Total Assets411,592M52,651.42M
Total liabilities112,980M14,452.56M
Total equity293,125M37,496.96M
Operating cash flow----
Currency in HKDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 23,717M 23,804M 23,878M 26,167M 25,310M
Gross Profit 9,209M 9,636M 11,209M 11,465M --
Operating income 4,720M 5,551M 6,817M 6,946M 23,618M
Income before tax 11,513M 11,635M 15,038M 16,661M 32,936M
Net income 15,948M 16,752M 21,326M 21,916M 30,433M
EBITDA 5,874M 6,586M 7,798M 7,934M 23,712M
Diluted EPS 4.07 4.22 5.33 5.48 7.61
Dividends Per Share 0.72 0.82 1.19 1.40 1.71
Total Assets 304,114M 316,980M 336,269M 355,498M 411,592M
Total liabilities 76,114M 73,763M 80,000M 86,197M 112,980M
Total equity 223,402M 238,150M 251,247M 263,534M 293,125M
Operating cash flow -342M 5,653M 1,793M 9,048M --
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 3,057.63M 3,069.62M 3,080.00M 3,370.96M 3,247.86M
Gross Profit 1,187.24M 1,242.60M 1,445.84M 1,476.98M --
Operating income 608.51M 715.82M 879.32M 894.81M 3,030.73M
Income before tax 1,484.27M 1,500.38M 1,939.74M 2,146.35M 4,226.45M
Net income 2,056.04M 2,160.24M 2,750.82M 2,823.33M 3,905.26M
EBITDA 757.28M 849.29M 1,005.85M 1,022.09M 3,042.80M
Diluted EPS 0.52 0.54 0.68 0.70 0.97
Dividends Per Share 0.09 0.10 0.15 0.18 0.21
Total Assets 39,221.54M 40,875.06M 43,388.70M 45,852.07M 52,651.42M
Total liabilities 9,816.41M 9,511.85M 10,322.38M 11,117.67M 14,452.56M
Total equity 28,812.12M 30,709.81M 32,418.33M 33,990.57M 37,496.96M
Operating cash flow -44.09M 728.97M 231.27M 1,165.61M --

Valuation Measures

Dec 2017
PER6.76
ROA7.93%
ROE10.93%
Operating margin93.31%
Profit margin120.24%

Key executives

  • Chairman & General Manager: Shau Kee Lee
  • Chief Financial Officer: Andrew Fung
  • GM-Information Technology Department: Tak Cheung Kum
  • Treasurer & Executive Director: Woon King Fung Lee
  • Vice Chairman & Head-Human Resources Department: Ko Yin Lam

Shareholders

  • LEE SHAU KEE FAMILY (72.4%)
  • Capital Research & Management Co. (World Investors) (0.9%)
  • The Vanguard Group, Inc. (0.8%)
  • BlackRock Fund Advisors (0.6%)
  • Norges Bank Investment Management (0.4%)
  • Third Avenue Management LLC (0.3%)
  • LEE SHAU KEE (0.3%)
  • State Street Global Advisors Asia Ltd. (0.3%)
  • BlackRock Advisors (UK) Ltd. (0.2%)
  • Hong Kong & China Gas Co. Ltd. (0.2%)

Contact Details

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

Related Companies

  • Uhray Investment Ltd.
  • Tactwin Development Ltd.
  • Profit Best Development Ltd.
  • Davenport Investment Ltd.
  • Henderson International Finance Ltd.
  • St. Helena Holdings Co. Ltd.
  • Broad Capital Ltd.
  • Future Home Ltd.
  • Ginca Construction Machinery Co. Ltd.
  • Dorway Investment Ltd.
  • Shanghai Hengzhi Properties Development Co. Ltd.
  • Henderson Real Estate Finance Ltd.
  • Henderson Land Finance (2011) Ltd.
  • Henderson (China) Finance Ltd.
  • Hang Yick Properties Management Ltd.
  • Carry Express Investment Ltd.
  • E Man Construction Co. Ltd.
  • Henderson Land Credit (2014) Ltd.
  • Henderson Land Credit (2009) Ltd.
  • Henderson Land MTN (S) Pte Ltd.
  • Henland Finance Ltd.
  • Henderson Real Estate Agency Ltd.
  • Henderson Land MTN Ltd.
  • Begonia Investment Ltd.
  • Viaduct Enterprises Ltd.
  • Resources Investment Ltd.
  • Jitterbug Investment Ltd.
  • Data City Holdings Ltd.
  • Jumbo Harvest Development Ltd.
  • Ratex Enterprises Ltd.

Competitors

  • CK Infrastructure Holdings Limited
Last Updated on 26 Apr, 2018

You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

Subscribe to get unlimited access to all articles.

Get unlimited access
NAR site on phone, device, tablet

You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

Subscribe to get unlimited access to all articles.

3 months for $9

Get unlimited access
NAR site on phone, device, tablet

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media