Asia300

Hang Lung Properties Ltd.

Hong Kong

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Nov 17, 2017
Prev close: 17.44
Nov 17, 2017
Market cap:
Market cap(USD):
78,437.7M
10,041.8M
Shares: 4,497.58M

Currency in HKD

Company profile

Market(Ticker): HKG(101)
Sector:
Industry:
Finance
Real Estate Development
Full time employees: 4,720

Business summary

Hang Lung Properties Ltd. operates as an investment holding company. It operates through the subsidiaries, which engages in the activities of property investment for rental income, property development for sales and leasing, car park management and property management. The company operates through the following business segments: Property Leasing and Property Sales. The Property Leasing segment includes the investment properties portfolio, consists of retail, office, residential, serviced apartments and car parks in Hong Kong and mainland China. The Property Sales segment includes development and sale of trading properties in Hong Kong. Hang Lung Properties was founded on December 19, 1949 and is headquartered in Hong Kong.

Company background

Hang Lung Properties is a major Hong Kong real estate developer. It operates a number of upscale shopping malls in mainland China.

After its founding in 1960, the company grew rapidly by building large condominiums along subway lines in Hong Kong. In the Causeway Bay commercial district on Hong Kong Island, the company operates such shopping malls as Fashion Walk and Hang Lung Center, where H&M and other global fashion houses have their flagship stores.

Hang Lung entered mainland China in the early 1990s. In Shanghai's Nanjing Xi Lu shopping district, it opened Plaza 66, a 66-story office building and mall complex that houses the flagship stores of such luxury brands as Louis Vuitton and Chanel. Plaza 66 is said to be one of the most successful commercial complexes in China. Hang Lung has opened similar facilities in the cities of Tianjin, Wuxi and Shenyang.

The company's chairman, Ronnie Chan Chi-chung, is the son of the founder. He earned an MBA at the University of Southern California and has many contacts in the U.S. After becoming chairman in 1991, he began actively investing in the mainland Chinese market.

Chan is known for his straight-talking manner and is often invited to speak at international conferences. He is also known for his philanthropy, making generous donations to Harvard University and other educational institutions through a foundation established by his family.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 13,853M
Gross profit 9,713M
Operating income 7,995M
Income before tax 7,917M
Net income 6,195M
EBITDA 9,159M
Diluted EPS 1.38
Dividends per share 0.75
Total assets 174,907M
Total liabilities 42,762M
Total equity 126,565M
Operating cash flow 6,341M

Currency in HKD

Revenue 1,784.61M
Gross profit 1,251.27M
Operating income 1,029.95M
Income before tax 1,019.90M
Net income 798.07M
EBITDA 1,179.90M
Diluted EPS 0.17
Dividends per share 0.09
Total assets 22,559.47M
Total liabilities 5,515.43M
Total equity 16,324.33M
Operating cash flow 816.88M

Currency in USD

Valuation measures

Dec 2016

PER 11.91
ROA 3.45%
ROE 4.84%
Operating margin 57.71%
Profit margin 44.71%

Key executive

  • Managing Director & Executive Director: Nan Lok Chen
  • Chief Financial Officer & Executive Director: Hau Cheong Ho
  • Group Financial Controller & Assistant Director: Wai Man Mak
  • Head-Corporate Audit: Tin-For Tsang
  • Secretary: Ka Man Yan

Share holders

  • Hang Lung Group Ltd.(55.2%)
  • First Eagle Investment Management LLC(6.0%)
  • The Vanguard Group, Inc.(1.3%)
  • Aberdeen Asset Managers Ltd.(1.2%)
  • BlackRock Fund Advisors(0.8%)
  • Seafarer Capital Partners LLC(0.8%)
  • APG Asset Management NV(0.7%)
  • Walter Scott & Partners Ltd.(0.6%)
  • CHAN TAN CHING FEN(0.6%)
  • CBRE Clarion Securities LLC(0.5%)

Address

  • Website: http://www.hanglung.com
  • Address: 28th Floor, Standard Chartered Bank, 4 Des Voeux Road Central, Hong Kong, Hong Kong
  • Phone: +852.2879.0111

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