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Sun Hung Kai Properties Ltd (0016.HK)

0016.HK on Hong Kong Stock

18 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Sun Hung Kai Properties sets sales target at HK$36 bln for fiscal 2017-18
Thursday, 14 Sep 2017 05:22am EDT 

Sept 14 (Reuters) - Sun Hung Kai Properties Ltd <0016.HK>:Says it sets sales target at HK$36.0 billion ($4.61 billion) for fiscal 2017-18 .  Full Article

Sun Hung Kai Properties posts FY underlying profit attributable of HK$ 25,965 million
Thursday, 14 Sep 2017 04:45am EDT 

Sept 14 (Reuters) - Sun Hung Kai Properties Ltd <0016.HK>:FY profit attributable to co’s shareholders HK$ ‍41,782​ million versus HK$32,666 million.FY underlying profit attributable HK$ 25,965 million versus HK$24,170 million.FY revenue HK$ ‍78,207​ million versus HK$91,184 million.Directors have recommended payment of a final dividend of HK$3.00 per share for year ended 30 June 2017.‍"Mainland economy is expected to grow at a reasonable pace​"."Group's rental income is expected to perform well in coming year".‍Barring unforeseen circumstances, group's results for coming financial year are expected to be satisfactory.​.‍Group is positive about long-term prospects of mainland property market.​.Group achieved record contracted sales of about HK$52,400 million for year in attributable terms..In Hong Kong, market activities, particularly in secondary market, will continue to be constrained by restrictive housing measures​.  Full Article

Wong's International Holdings issues profit warning<0016.HK><0099.HK>
Monday, 15 Aug 2016 05:26am EDT 

Wong's International Holdings Ltd <0099.HK>: Profit warning and possible joint venture termination in respect of One Harbour Square <0099.HK> . Expected result mainly attributable to decrease in the group's share of profit in group's property development joint venture . Discussing with Sun Hung Kai Properties a proposal to separate the parties' interests in One Harbour Square . Consolidated net profit attributable to the owners of co for the interim period is expected to record a significant decrease by approximately 57% . Discussions are ongoing and no binding agreements have yet been signed with SHKP" .  Full Article


Crowds jostle for Hong Kong flats, no end in sight to housing boom

HONG KONG Hong Kong's red-hot property market kicked off 2018 with hundreds queuing to buy flats in the first major property launch of the year on Saturday, backing expectations strong demand will further lift record prices by 5 to 20 percent over the year. The Asian financial hub has one of the most expensive housing markets in the world, with private home prices shattering historic records for 13 months in a row and rising almost 200 percent since 2008. Among the some 100 pre