Asia300

Sun Hung Kai Properties Ltd.

Hong Kong

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Nov 23, 2017
Prev close: 129
Nov 23, 2017
Market cap:
Market cap(USD):
373,678.87M
47,853.33M
Shares: 2,896.73M

Currency in HKD

Company profile

Market(Ticker): HKG(16)
Sector:
Industry:
Finance
Real Estate Development
Full time employees: 37,000

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.

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.

In the news

Financial highlights

Jun 2017

  • Local currency
  • US Dollar
Revenue 79,308M
Gross profit 36,843M
Operating income 27,774M
Income before tax 49,225M
Net income 41,782M
EBITDA 31,700M
Diluted EPS 14.43
Dividends per share --
Total assets 639,416M
Total liabilities 135,963M
Total equity 498,215M
Operating cash flow 39,807M

Currency in HKD

Revenue 10,212.85M
Gross profit 4,744.44M
Operating income 3,576.58M
Income before tax 6,338.93M
Net income 5,380.46M
EBITDA 4,082.15M
Diluted EPS 1.85
Dividends per share --
Total assets 81,908.68M
Total liabilities 17,416.75M
Total equity 63,820.94M
Operating cash flow 5,126.13M

Currency in USD

Valuation measures

Jun 2017

PER 7.94
ROA 6.66%
ROE 8.64%
Operating margin 35.02%
Profit margin 52.68%

Key executive

  • 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

Share holders

  • KWOK TAK SENG FAMILY(26.2%)
  • KWOK PING SHEUNG(7.2%)
  • LEE SHAU KEE(2.1%)
  • The Vanguard Group, Inc.(1.4%)
  • Capital Research & Management Co. (Global Investors)(0.9%)
  • BlackRock Fund Advisors(0.9%)
  • BlackRock Investment Management LLC(0.6%)
  • Norges Bank Investment Management(0.6%)
  • APG Asset Management NV(0.6%)
  • Capital Research & Management Co. (World Investors)(0.5%)

Address

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

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