News: Sun Hung Kai Properties Ltd (0016.HK)
17 Mar 2014
Tue, Mar 4 2014
Sun Hung Kai Properties Limited
HONG KONG, Feb 28 - Sun Hung Kai Properties Ltd , Asia's most valuable developer, posted a 7.5 percent drop in underlying profit for its fiscal first half as it offered steep price cuts to attract buyers after government tightening measures took a toll.
HONG KONG, Feb 28 - Developer Cheung Kong (Holdings) Ltd, owned by Asia's richest man, Li Ka-shing, posted a better-than-expected 10 percent rise in 2013 net profit as asset disposal gains and a stronger contribution from Hutchison Whampoa Ltd offset weak flat sales.
HONG KONG - When things get choppy at the top of the property ladder, it pays to have your feet planted on the middle rungs, which makes developers Cheung Kong (Holdings) and Sun Hung Kai Properties the best bets to weather the storm brewing in Hong Kong.
* Cheung Kong, Sun Hung Kai best placed to benefit from mass-market demand
HONG KONG - Thomas and Raymond Kwok, the billionaire co-chairmen of Sun Hung Kai Properties Ltd , had additional charges filed against them on Thursday in a bribery investigation surrounding Asia's largest developer, the company said on Thursday.
HONG KONG, Feb 13 - Thomas and Raymond Kwok, the billionaire co-chairmen of Sun Hung Kai Properties Ltd , had additional charges filed against them on Thursday in a bribery investigation surrounding Asia's largest developer, the company said on Thursday.
HONG KONG, Jan 14 - These are some of the leading stories in Hong Kong newspapers on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy.
(The following statement was released by the rating agency) HONG KONG, November 04 (Fitch) Fitch Ratings has affirmed Hong Kong-based Sun Hung Kai Properties Limited's (SHKP) Long-Term Issuer Default Rating (IDR) at 'A' and its Short-Term IDR at 'F1'. The Outlook is Stable. Fitch has also affirmed SHKP's senior unsecured rating at 'A'. KEY RATING DRIVERS Strong investment property portfolio: SHKP owns 28.6m sf GFA of completed investment properties in Hong Kong, with HKD10.2bn in leasing EBI
HONG KONG, Oct 7 - Hong Kong shares fell on Monday, led by Sun Hung Kai Properties on fears of weak demand after local media said the world's second-largest real estate developer was offering cash discounts at a relaunched project.