Hang Lung Properties Ltd.

Hang Lung Properties Ltd.

Hang Lung Properties Ltd.

Overview
Date Founded

1949

Headquarters

28th Floor, Standard Chartered Bank,4 Des Voeux Road Central,Hong Kong

Type of Company

Public

Employees (Worldwide)

4,720

Industries

Holding Companies
Real Estate

Company Description

Hang Lung Properties Limited (stock code: 101), the operating arm of Hang Lung Group Limited (stock code: 10), is a leading Hong Kong company boasting an extensive real estate portfolio in Hong Kong, as well as building, owning and managing world-class commercial complexes in key cities on the Mainland since the 1990s. It is a constituent stock of Hong Kong's Hang Seng Index and the Hang Seng Corporate Sustainability Indices, and is one of the world's largest pure real estate listed companies by market value. Firmly rooted in Hong Kong, Hang Lung Properties has progressively branched out into the Mainland, winning international acclaim for its exceptional quality of architectural design, services and sustainable features. Adhering to the highest levels of corporate governance, the Company is justly regarded as one of the best run companies in Hong Kong, consistently achieving high and sustainable returns for its shareholders. The parent company of Hang Lung Properties, Hang Lung Group, was founded on September 13, 1960, by Mr. Chan Tseng-Hsi. The Company progressed rapidly to become one of the largest real estate developers in Hong Kong. It gained prominence in the following decades by developing some of the biggest residential complexes along the Mass Transit Railway. The Company experienced a lean period in the early 1980s when the Hong Kong market temporarily collapsed over the uncertainty concerning the territory's sovereignty. However thanks to prudent and sound management, Hang Lung weathered the storm, although, as the current Chairman would later point out, the Company had "gone to sleep" during this period. By and large, at that point in its evolution Hang Lung was operating almost exclusively within Hong Kong. On January 1, 1991, Mr. Ronnie C. Chan took over as Chairman of the Company and foresaw the golden opportunities presented by the Mainland's dynamic economic growth. It was under his visionary leadership that the Company embarked upon its new direction by venturing into the Mainland market. With a judicious focus on commercial real estates and targeting "the best locations in major populated centers", the Company took its first steps into the Mainland in Shanghai in 1992. In addition, in its home market, it was also during the 1990s that the Company took the opportunity to replenish its land bank and to acquire investment properties, thereby rebuilding its portfolio in Hong Kong to position itself better for future expansion. The years of excelling in property development and management in Hong Kong laid a solid foundation upon which rose the Company's two landmark properties in Shanghai, Plaza 66 and Grand Gateway 66. The immense success of these projects can be gauged by the fact that they have generated the highest tax revenues of any commercial property, not just in Shanghai but throughout the Mainland. Furthermore, Plaza 66 has established itself as a household name across the nation for its unparalleled host of international retail brands and a reputation as the shopping destination of choice for high-end consumers. The Company's success in Shanghai was the launch pad for its series of pioneering commercial complexes across the Mainland. It has blazed a trail into vibrant cities with a distinctive strategy of focusing on building world-class commercial complexes centered on shopping malls. This was achieved by acquiring large sites in prime urban areas, cooperating only with top architectural firms, incorporating the latest sustainable features, and providing superb management. With its projects, all carrying the "66" brand, the Company has extended its unique footprint into the cities of Shenyang, Jinan, Wuxi, Tianjin, Dalian, and now Kunming following the successful acquisition of a prime site in that city in September 2011. June 2010 saw the opening of Palace 66 in Shenyang, the Company's first world-class investment property completed outside Shanghai. Parc 66 in Jinan also opened its doors in August 2011. Hang Lung has thus transformed itself from a dual-city entity into a multi-city operation and, with its business expanding in the coming years, the Company is set to develop into the most admired mega national enterprise in the market. Hang Lung Properties has gained international recognition as a leading world-wide industry player. As a result of its successful entry into the Mainland, it has clearly outperformed its competitors, to the extent that sophisticated investors recognize Hang Lung Properties as Hong Kong's most resilient company. With its far-sighted leadership of Board of Directors, strong financial standing, highest standard of corporate governance practices as well as its superb and highly professional management, Hang Lung Properties is ideally positioned to take full advantage of the multiple opportunities that are offered in a fast changing and globalized economic environment. The Company is indeed entering what Chairman Ronnie Chan describes as its "Golden Era".

Executives & Employees

Executive Director

Chief Financial Officer

Director-General Counsel & Company Secretary

Deputy General Manager-Olympia 66

Financial Controller & Assistant Director

Managing Director

Director-IR & Corporate Communications

Director-Leasing & Management

Director-Leasing & Management

Director-Central Marketing

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Board of Directors

Co-Founder at Morningside Group Ltd.

Chairman at iventure Investment Management Ltd.

Distinguished Visiting Professor, Wellesley & Peking University Academic Program at Wellesley College

Foreign Member at Royal Academy of Engineering

Chief Financial Officer at Hang Lung Properties Ltd.

Managing Director & Executive Director at Hang Lung Group Ltd.

Former Chief Executive Officer, Hong Kong at HSBC Holdings Plc

Executive Director at Hang Lung Group Ltd.

Former Chief Executive Officer & Managing Director at Hang Lung Group Ltd.

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Owners & Shareholders
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First Eagle Investment Management (FEIM) s a global, value-oriented investment manager that seeks to produce consistent absolute returns over the long-term without regard for industry benchmarks. They construct well-diversified portfolios through cautious security selection with an emphasis on risk aversion. The firm focuses on investments with a substantial margin of safety, healthy balance sheets and clear business models. First Eagle employs bottom-up security analysis that is independent of broad market conditions or industry trends and focuses on downside protection. FEIM currently manages the following primary investment strategies: Global Value & International Value; High Yield; US Opportunities, Multi-Asset Absolute Return; International Small Cap Value; World Opportunities; and Tail Hedge.

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Seafarer Capital Partners offers two investment strategies, a growth and income strategy, utilized by the Seafarer Overseas Growth and Income Fund and European-registered investment company; and a value strategy, utilized by the Seafarer Overseas Value Fund.Seafarer’s growth and income strategy seeks to provide long-term capital appreciation along with some current income. It also seeks to mitigate adverse volatility in returns. The strategy invests in a range of securities and asset classes from markets around the world. The strategy’s geographic focus pertains to overseas securities markets, especially emerging or frontier markets, although the strategy may occasionally utilize securities originating from selected developed markets. These markets include, but are not limited to, those found in the countries of Africa, East and South Asia, Emerging Europe, Latin America, and the Middle East. Asset classes include publicly-listed common and preferred equities, corporate debt and convertible bonds, sovereign debt, short-term currency-related contracts, short-term U.S. government securities and other cash-like instruments. The strategy may invest in securities denominated in U.S. dollars or in foreign currencies. The strategy may also invest in the securities of issuers from selected foreign developed countries, which Seafarer believes have significant economic and financial linkages to developing countries. Such countries include, but are not limited to, Australia, Hong Kong, Ireland, Israel, Japan, New Zealand, Singapore and the UK.Seafarer’s value strategy operates by investing in a range of securities and asset classes from markets around the world. Asset classes include publicly-listed common and preferred equities, corporate debt, short-term currency-related contracts, short-term U.S. government securities and other cash-like instruments. The strategy may invest in securities denominated in U.S. dollars or in foreign currencies. Portfolios are generally comprised of securities identified through an individual security selection process based on fundamental research. Seafarer's value strategy seeks to produce a minimum long-term rate of return by investing in securities priced at a discount to the Adviser’s estimates of their intrinsic value. The strategy generally focuses on investments in the securities of issuers from developing countries including Africa, East & South Asia, Emerging Europe, Latin America, and the Middle East.^

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T. Rowe Price-HK is an active, long-term, risk-aware manager which performs in-house fundamental research to identify investment opportunities for clients. They utilize a bottom-up investment process to construct diversified portfolios, aiming to avoid uncompensated risk and to capture long-term sources of excess return.The firm's global teams exchange ideas across strategies, styles, and asset classes that lead to informed decisions in the portfolio construction process. Their portfolio managers apply a distinct investment process for each strategy, leveraging their global research platforms to offer a variety of equity strategies across regions, styles, and capitalizations.T. Rowe Price-HK's specialized fixed-income professionals seek to add value through individual security selection, sector rotation, yield curve, and duration management. They integrate top-down and bottom-up analysis to help manage portfolio risk while adding value to portfolios constructed of a variety of instruments including core, high yield, US, global, corporate and government. Their global credit research and analysis capabilities help drive the management of each investment strategy.

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Recent Transactions
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Hang Lung Properties Ltd. issued Ordinary Shares

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Hang Lung Properties Ltd. issued Ordinary Shares

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Hang Lung Properties Ltd. issued Ordinary Shares

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Transaction Advisors
Underwriter

Advised onHang Lung Properties Ltd. issued Ordinary Shares

Underwriter

Advised onHang Lung Properties Ltd. issued Ordinary Shares

Investment Advisor

Advised onHang Lung Properties Ltd. purchases Grand Hotel Holdings Ltd.

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Clients

Tesla, Inc. engages in the designing, development, manufacturing and sale of electric vehicles and electric power train components. Its products include electric vehicles such as the Model S, Model X, Model 3 and the Tesla Roadster. The company also manufactures home batteries and solar roof. Tesla was founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003 and is headquartered in Palo Alto, CA.

LVMH Moët Hennessy Louis Vuitton SE engages in the manufacture of luxury goods. It operates through the following business segments: Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry, Selective Retailing, and Other Activities & Eliminations. The Wines & Spirits segment produces and sells high quality champagne wines and sparkling wines. It also distributes vodka and white liquor. The Fashion & Leather Goods segment engages in the manufacture of luggage items, bags, accessories, shoes and clothes. The Perfumes & Cosmetics segment engages in the production and distribution of make-up, perfume and skin care products. The Watches & Jewelry segment manufactures luxury watches and accessories form men and women. It specializes in the field of chronographs and ultimate precision. The Selective Retailing segment is organized to promote an environment that is appropriate to the image and status of the luxury brands. It engages in the sale of luxury products to international travelers and on board cruise ships. This segment also manages beauty stores that combine direct access and customer assistance to customers. The Other Activities & Eliminations segment includes media division. It publishes newspapers and magazines, manages business and financial websites and holds radio stations. This segment also engages in the real estate industry and builds luxury yachts. The company was founded on January 1, 1987 and is headquartered in Paris, France.

Coach was founded in 1941 as a family-run workshop. In a Manhattan loft, six artisans handcrafted a collection of leather goods using skills handed down from generation to generation. Discerning consumers soon began to seek out the quality and unique nature of Coach craftsmanship. Now greatly expanded, Coach continues to maintain the highest standards for materials and workmanship. Coach’s exceptional work force remains committed to carefully upholding the principles of quality and integrity that define the company. We attribute the prominence of the Coach brand to the unique combination of our original American attitude and design, our heritage of fine leather goods and custom fabrics, our superior product quality and durability and our commitment to customer service. During the last decade, Coach has emerged as America's preeminent designer, producer, and marketer of fine accessories and gifts for women and men including handbags, men’s bags, women’s and men’s small leathergoods, weekend and travel accessories, footwear, watches, outerwear, scarves, sunwear, fragrance, fine jewelry and related accessories. Continued development of new categories has further established the signature style and distinctive identity of the Coach brand. Together with our licensing partners, we also offer watches, footwear, eyewear and fragrance bearing the Coach brand name in select department stores and specialty retailer locations.

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Key Stats and Financials As of 2017
Market Capitalization
$83.7B
Total Enterprise Value
$117B
Earnings Per Share
$1.81
Revenue
$11.7B
Net Profit
$8.12B
EBITDA
$10.5B
EBITDAMargin
89.66%
Total Debt
$25.2B
Total Equity
$142B
Enterprise Value Sales
9.98x
Enterprise Value EBITDAOperating
11.13x
TEVNet Income
14.42x
Debt TEV
0.21x
Three Year Compounded Annual Growth Rate Of Revenue
-13.19%
Five Year Compounded Annual Growth Rate Of Revenue
8%
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Suppliers
Hsin Chong Group Holdings Ltd. Real Estate | Hamilton, HC

Hsin Chong Group Holdings Ltd. is an investment company engages in the building construction, civil engineering, electrical and mechanical installation, interiors and special projects, property development and investment, and provision of property and facility management services. It operates through the following segments: Building Construction; Civil Engineering; Electrical and Mechanical Engineering; Property Development and Investment; and Corporate and Others. The Building Construction segment refers to both the private and public projects in the field of educational, healthcare, hospitality and tourism, residential, retail, commercial and industrial. The Civil Engineering segment covers projects such as railways, and tunnels, highway infrastructure and bridges, slope stabilization, drainage, foundation, waterworks, and sire formation. The Electrical and Mechanical Engineering segment provides solution such as electrical system, fire protection system, plumbing and drainage, water treatment, and mechanical equipment. The Property Development and Investment segment refers to residential property and commercial space development and management. The Corporate and Others segment refers to related activities. The company was founded by Kan Nee Yeh in 1939 and is headquartered in Hong Kong.

Baguio Green Group Ltd. Waste Management & Recycling | George Town, GT

Baguio Green Group Ltd. is an investment holding company, which engages in the provision of environmental services. It operate through the following segments: Cleaning Services Business; Landscaping Services Business; Pest Management Business; and Waste Management and Recycling Business. The Cleaning Services Business segment provides cleaning and public hygiene services to commercial and industrial buildings; residential premises; cultural, leisure, and recreation venues; shopping malls; and education institutions. The Landscaping Services Business segment includes tree survey and arboricultural works; horticultural maintenance; landscape and green projects; lawn maintenance; and supply of plants, trees, and landscape materials. The Pest Management Business segment comprises of termite, rodent, cockroach, mosquito and fly, red fire ant, flea, leisure places pest, bird nuisance, and other common urban pests control. The Waste Management and Recycling Business segment manages commercial and industrial, municipal, construction, food, green, liquid, chemical, and clinical wastes; materials recovery; and waste management projects. The company was founded by Wing Hong Ng and Wing Sun Ng in 1980 and is headquartered in Hong Kong.

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