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Finance

Sun Hung Kai Properties Ltd.

  • 125.00 HKD
  • +0.20
  • +0.16%
  • Hong Kong
    Apr 19, 2018
  • Ticker
    HKG(16)
  • Prev. close
    124.80
  • Market cap (HKD)
    361,543.25M
  • Market cap (USD)
    46,065.53M
  • Shares
    2,896.98M

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 2017 HKDUSD
Revenue79,308M10,212.85M
Gross Profit36,843M4,744.44M
Operating income27,774M3,576.58M
Income before tax49,225M6,338.93M
Net income41,782M5,380.46M
EBITDA31,700M4,082.15M
Diluted EPS14.431.85
Dividends Per Share4.100.52
Total Assets639,416M81,908.68M
Total liabilities135,963M17,416.75M
Total equity498,215M63,820.94M
Operating cash flow39,807M5,126.13M
Currency in HKDCurrency in USD

Historical Data

 Jun 2013Jun 2014Jun 2015Jun 2016Jun 2017
Revenue 54,273M 75,875M 67,491M 92,128M 79,308M
Gross Profit 24,366M 30,886M 28,435M 35,631M 36,843M
Operating income 16,774M 22,440M 20,484M 26,937M 27,774M
Income before tax 36,600M 35,063M 31,585M 35,570M 49,225M
Net income 40,329M 33,520M 31,082M 32,666M 41,782M
EBITDA 20,519M 26,626M 24,901M 31,176M 31,700M
Diluted EPS 15.28 12.43 10.98 11.30 14.43
Dividends Per Share 3.35 3.35 3.35 3.85 4.10
Total Assets 512,896M 557,048M 604,110M 614,515M 639,416M
Total liabilities 122,367M 137,359M 147,292M 140,007M 135,963M
Total equity 385,912M 414,783M 451,026M 468,707M 498,215M
Operating cash flow 18,117M -2,261M 13,372M 15,411M 39,807M
 Jun 2013Jun 2014Jun 2015Jun 2016Jun 2017
Revenue 6,997.52M 9,783.71M 8,704.36M 11,872.99M 10,212.85M
Gross Profit 3,141.55M 3,982.59M 3,667.28M 4,591.94M 4,744.44M
Operating income 2,162.70M 2,893.52M 2,641.83M 3,471.50M 3,576.58M
Income before tax 4,718.90M 4,521.20M 4,073.54M 4,584.08M 6,338.93M
Net income 5,199.69M 4,322.24M 4,008.66M 4,209.82M 5,380.46M
EBITDA 2,645.55M 3,433.29M 3,211.50M 4,017.80M 4,082.15M
Diluted EPS 1.97 1.60 1.41 1.45 1.85
Dividends Per Share 0.43 0.43 0.43 0.49 0.52
Total Assets 66,125.94M 71,873.91M 77,924.03M 79,211.00M 81,908.68M
Total liabilities 15,776.36M 17,722.94M 18,999.16M 18,046.90M 17,416.75M
Total equity 49,754.32M 53,517.96M 58,177.76M 60,416.34M 63,820.94M
Operating cash flow 2,335.85M -291.54M 1,724.59M 1,986.09M 5,126.13M

Valuation Measures

Jun 2017
PER7.94
ROA6.66%
ROE8.64%
Operating margin35.02%
Profit margin52.68%

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 (26.2%)
  • KWOK PING SHEUNG (7.2%)
  • LEE SHAU KEE (2.1%)
  • The Vanguard Group, Inc. (1.5%)
  • Capital Research & Management Co. (Global Investors) (1.5%)
  • BlackRock Fund Advisors (1.0%)
  • Norges Bank Investment Management (0.7%)
  • APG Asset Management NV (0.6%)
  • BlackRock Investment Management LLC (0.6%)
  • Capital Research & Management Co. (World Investors) (0.5%)

Contact Details

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

Related Companies

  • 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.
  • Hung Kai Finance Co. Ltd.

Competitors

    Last Updated on 19 Apr, 2018

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