Wheelock & Co. Ltd.

Hong Kong

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 16, 2018
Prev close: 60
Mar 16, 2018
Market cap:
Market cap(USD):
Shares: 2,041.74M

Currency in HKD

Company profile

Market(Ticker): HKG(20)
Real Estate Development
Full time employees: --

Business summary

Wheelock & Co. Ltd. is an investment holding company, which engages in property investment and development. It operates through the following business segments: Investment Property, Development Property, Hotels, Logistics, Communications, Media and Entertainment (CME), and Investment and Others. The Investment Property segment leases retail, office, and serviced apartments in Hong Kong, Mainland China, and Singapore. The Development Property segment covers acquisition, development, design, construction, sale, and marketing of trading properties in Hong Kong Mainland China, and Singapore. The Hotels Segment includes hotel operations in the Asia Pacific region. The Logistics Segment consists of container terminal operations in Hong Kong, and Mainland China. The CME segment comprises pay television, internet, multimedia, and other businesses. The Investment and Others segment is consists of management services, finance, and holding company operations. The company was founded in 1857 and is headquartered in Hong Kong.

Company background

Wheelock is a listed investment holding company based in Hong Kong. Through its key subsidiary, Wharf Holdings, the company engages in a wide range of businesses, including real estate development, shopping mall operations, media and container terminals.

Wharf Holdings operates two of Hong Kong's landmark shopping malls, the Harbour City in Tsim Sha Tsui and the Times Square in Causeway Bay, and accounts for about 10% of retail sales in Hong Kong.

The company runs complexes consisting of office buildings and shopping malls in locations in mainland China, including Shanghai, Dalian, Chongqing and Chengdu.

Wharf Holdings also has hotels under the Marco Polo and Niccolo brands in Hong Kong, mainland China and the Philippines. Group companies include i-Cable Communications, a leading cable TV provider in Hong Kong, and Wharf T&T, a telecommunications company.

Wheelock and Wharf were once separate British conglomerates in Hong Kong. In the 1970s and 1980s, Asian shipping magnate Yue-kong Pao acquired them both. Pao's successor, son-in-law Peter Woo, recently passed control of the businesses to his own eldest son, Douglas Woo, who now serves as chairman of the companies.

In the news

Financial highlights

Dec 2017

  • Local currency
  • US Dollar
Revenue 70,953M
Gross profit --
Operating income 68,406M
Income before tax 37,041M
Net income 20,570M
EBITDA 69,390M
Diluted EPS 10.06
Dividends per share 1.42
Total assets 569,672M
Total liabilities 181,849M
Total equity 241,684M
Operating cash flow 17,200M

Currency in HKD

Revenue 9,104.92M
Gross profit --
Operating income 8,778.08M
Income before tax 4,753.22M
Net income 2,639.61M
EBITDA 8,904.35M
Diluted EPS 1.29
Dividends per share 0.18
Total assets 72,873.24M
Total liabilities 23,262.37M
Total equity 30,916.55M
Operating cash flow 2,207.16M

Currency in USD

Valuation measures

Dec 2017

PER 5.53
ROA 3.77%
ROE 9.00%
Operating margin 96.41%
Profit margin 28.99%

Key executive

  • Chairman, Chief Executive Officer & MD: Chun Kuen Woo
  • Group Chief Financial Officer & Executive Director: Yiu Cheung Tsui
  • Secretary: Wing Sang Chan

Share holders

  • The Vanguard Group, Inc.(1.2%)
  • Norges Bank Investment Management(0.7%)
  • BlackRock Fund Advisors(0.6%)
  • Third Avenue Management LLC(0.6%)
  • APG Asset Management NV(0.3%)
  • Dimensional Fund Advisors LP(0.3%)
  • Grantham, Mayo, Van Otterloo & Co. LLC(0.1%)
  • BlackRock Advisors (UK) Ltd.(0.1%)
  • NNIP Advisors BV(0.1%)


  • Website:
  • Address: 23rd floor, Wheelock House, 20 Pedder Street, Hong Kong, Hong Kong
  • Phone: +852.2118.2118

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