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Finance

Sun Hung Kai Properties Ltd.

  • 115.00 HKD
  • +1.50
  • +1.32%
  • Hong Kong
    Dec 14, 2018
  • Ticker
    HKG(16)
  • Prev. close
    113.50
  • Market cap (HKD)
    328,827.56M
  • Market cap (USD)
    42,092.62M
  • Shares
    2,897.15M

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.

Business Summary

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

Financial Highlights

Jun 2018 HKDUSD
Revenue87,120M11,134.04M
Gross Profit43,345M5,539.54M
Operating income33,788M4,318.15M
Income before tax59,356M7,585.77M
Net income49,951M6,383.80M
EBITDA37,780M4,828.33M
Diluted EPS17.242.20
Dividends Per Share4.650.59
Total Assets715,486M91,197.57M
Total liabilities170,941M21,788.55M
Total equity539,098M68,714.73M
Operating cash flow7,173M916.71M
Currency in HKDCurrency in USD

Historical Data

 Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018
Revenue 75,875M 67,491M 92,128M 79,369M 87,120M
Gross Profit 30,886M 28,435M 35,631M 36,904M 43,345M
Operating income 22,440M 20,484M 26,937M 27,774M 33,788M
Income before tax 35,063M 31,585M 35,570M 49,225M 59,356M
Net income 33,520M 31,082M 32,666M 41,782M 49,951M
EBITDA 26,626M 24,901M 31,176M 31,700M 37,780M
Diluted EPS 12.43 10.98 11.30 14.43 17.24
Dividends Per Share 3.35 3.35 3.85 4.10 4.65
Total Assets 557,048M 604,110M 614,515M 639,416M 715,486M
Total liabilities 137,359M 147,292M 140,007M 135,963M 170,941M
Total equity 414,783M 451,026M 468,707M 498,215M 539,098M
Operating cash flow -2,261M 13,372M 15,411M 39,807M 7,173M
 Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018
Revenue 9,783.71M 8,704.36M 11,872.99M 10,220.71M 11,134.04M
Gross Profit 3,982.59M 3,667.28M 4,591.94M 4,752.29M 5,539.54M
Operating income 2,893.52M 2,641.83M 3,471.50M 3,576.58M 4,318.15M
Income before tax 4,521.20M 4,073.54M 4,584.08M 6,338.93M 7,585.77M
Net income 4,322.24M 4,008.66M 4,209.82M 5,380.46M 6,383.80M
EBITDA 3,433.29M 3,211.50M 4,017.80M 4,082.15M 4,828.33M
Diluted EPS 1.60 1.41 1.45 1.85 2.20
Dividends Per Share 0.43 0.43 0.49 0.52 0.59
Total Assets 71,873.91M 77,924.03M 79,211.00M 81,908.68M 91,197.57M
Total liabilities 17,722.94M 18,999.16M 18,046.90M 17,416.75M 21,788.55M
Total equity 53,517.96M 58,177.76M 60,416.34M 63,820.94M 68,714.73M
Operating cash flow -291.54M 1,724.59M 1,986.09M 5,126.13M 916.71M

Valuation Measures

Jun 2018
PER6.86
ROA7.37%
ROE9.63%
Operating margin38.78%
Profit margin57.33%

Key executives

  • Chairman & Managing Director: Ping Luen Kwok
  • Executive Director & Deputy Managing Director: Chik Wing Wong
  • Executive Director & Deputy Managing Director: Ting Lui
  • Manager: Pak Cheung Hong
  • Manager: Wing Kit Tsim

Shareholders

  • KWOK TAK SENG FAMILY (26.5%)
  • Estate Of Kwok Ping Sheung (7.2%)
  • LEE SHAU KEE (2.1%)
  • Capital Research & Management Co. (Global Investors) (1.8%)
  • The Vanguard Group, Inc. (1.6%)
  • BlackRock Fund Advisors (1.0%)
  • Norges Bank Investment Management (0.7%)
  • Capital Research & Management Co. (World Investors) (0.6%)
  • BlackRock Investment Management LLC (0.6%)
  • BlackRock Advisors LLC (0.6%)

Contact Details

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

Related Companies

  • Sun Hung Kai Logistics Holdings Ltd.
  • Victory Zone Holdings Ltd.
  • Sun Hung Kai Properties International Treasury Ltd.
  • Prominent Investment SA
  • Kai Shing Management Services Ltd.
  • Royal Park Hotel Management Ltd.
  • New Town Serviced Apartment Management Co. Ltd.
  • Sun Hung Kai ICC (Nanjing) Co. Ltd
  • Sun Hung Kai Development (Lujiazui II) Ltd.
  • Wilson Parking New Zealand Ltd.
  • Cheerjoy Development Ltd.
  • Tsang Lik Services Ltd.
  • Zhongshan SHKP Taoyuan Real Estate Development Co. Ltd.
  • Additech Ltd.
  • Sun Hung Kai Development (China) Ltd.
  • Kingbond Holdings Ltd.
  • Panhard Ltd.
  • Ardwick Ltd.
  • Hung Fat (Hop Kee) General Contractors Ltd.
  • Leever Investments Ltd.
  • Sun Hung Kai Properties (USA) Ltd.
  • Sun Hung Kai Capital Markets (HK) Ltd.
  • Sun Hung Kai Properties Treasury (Cayman) Ltd.
  • China Resources Sun Hung Kai Properties (WuXi) Ltd.
  • Wilson Group Ltd. (Singapore)
  • Wilson Parking Ltd.
  • Tian An Development Co. Ltd.
  • Chun Fai Construction Co. Ltd.
  • Sun Hung Kai Properties (Cayman Branch)
  • Jetmax Investment Ltd.

Competitors

    Last Updated on 14 Dec, 2018

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