2020 年第51 期憲報第4 號特別副刊ss No. 4 to Gazette No. 51/2020
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Annual Report 2013
NWD_AR13_CoverBack_E new.ai 2013/10/9 12:01:28 AM Annual Report 2013 Contents 2 Corporate Profile Design Concept 4 Corporate Structure This design scheme revolves around the 5 Financial Highlights concept enshrined under Luban Lock, which 6 Chairman’s Statement represents ancient wisdom and sophisticated 8 Joint General Managers’ Report craftsmanship. This sophisticated structure depicted in the cover page represents the 8 Property focal point to converge the core businesses of 18 Hotel Operations 24 Infrastructure and Service New World Development. 30 Department Stores 34 Telecommunications 35 Outlook 40 Management Discussion and Analysis 46 Principal Projects Summary 68 Corporate Governance Report 78 Investor Relations 82 Directors’ Profile 89 Senior Management Profile 90 Corporate Sustainability 100 Corporate Information 101 Financial Section Contents Disclaimer The photographs, images, drawings or sketches shown in this annual report represent an artist’s impression of the development concerned only. They are not drawn to scale and/or may have been edited and processed with computerised imaging techniques. Prospective purchasers should make reference to the sales brochure for details of the development. The vendor also advises prospective purchasers to conduct an on-site visit for a better understanding of the development site, its surrounding environment and the public facilities nearby. All parties engaged in the production of this annual report have made their best efforts to ensure the highest accuracy of all information, photographs, images, drawings or sketches herein contained as to the printing of this annual report and to minimise the existence of clerical errors. Readers are invited to make enquires to sales personnel or consult relevant professionals for verification of doubts or particulars of specific items. -
Important Notice
IMPORTANT NOTICE NOT FOR DISTRIBUTION TO ANY PERSON OR ADDRESS IN THE UNITED STATES IMPORTANT: You must read the following before continuing. The following applies to the offering circular following this page (the “Offering Circular”), and you are therefore advised to read this carefully before reading, accessing or making any other use of the Offering Circular. In accessing the Offering Circular, you agree to be bound by the following terms and conditions, including any modifications to them any time you receive any information from us as a result of such access. NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. THE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR OTHER JURISDICTION AND THE SECURITIES MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES, EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE OR LOCAL SECURITIES LAWS. THIS OFFERING CIRCULAR MAY NOT BE FORWARDED OR DISTRIBUTED TO ANY OTHER PERSON AND MAY NOT BE REPRODUCED IN ANY MANNER WHATSOEVER, AND IN PARTICULAR, MAY NOT BE FORWARDED TO ANY ADDRESS IN THE UNITED STATES. ANY FORWARDING, DISTRIBUTION OR REPRODUCTION OF THIS DOCUMENT IN WHOLE OR IN PART IS UNAUTHORISED. FAILURE TO COMPLY WITH THIS DIRECTIVE MAY RESULT IN A VIOLATION OF THE SECURITIES ACT OR THE APPLICABLE LAWS OF OTHER JURISDICTIONS. -
D11884 2020 年第51 期憲報第4 號特別副刊s. S. No. 4 to Gazette
D11884 2020 年第 51 期憲報第 4 號特別副刊 S. S. NO. 4 TO GAZETTE NO. 51/2020 G.N. (S.) 60 of 2020 BOOKS REGISTRATION ORDINANCE (CHAPTER 142) A CATALOGUE OF BOOKS PRINTED IN HONG KONG 2ND QUARTER 2020 (Edited by Books Registration Office, Hong Kong Public Libraries, Leisure and Cultural Services Department) This catalogue lists publications which have been deposited with the Books Registration Office during the second quarter of 2020 in accordance with the above Ordinance. These include:— (1) Books published, printed or produced in Hong Kong and have been deposited with the Books Registration Office during this quarter. Publications by the Government Logistics Department, other than separate bills, ordinances, regulations, leaflets, loose-sheets and posters are included; and (2) First issue of periodicals published, printed or produced in Hong Kong during this quarter. Details of their subsequent issues and related information can be found at the fourth quarter. (Please refer to the next paragraph) The number in brackets at the bottom right-hand corner of each entry represents the order of deposit of the book during the year, whereas the serial number at the top left-hand corner of each entry is purely an ordering device, linking the annual cumulated author index with the main body of the catalogue. In the fourth quarter, in addition to the list of publications deposited with the Books Registration Office during that quarter, the catalogue also includes the following information for the year:— (1) Chinese and English Author Index; (2) Publishers’ Names and Addresses; (3) Printers’ Names and Addresses; and (4) Chinese and English Periodicals Received;- their title, frequency, price and publisher. -
17 Hk) Equities Remd
11 October 2017 New World Development (17 HK) EQUITIES REMD Initiate at Buy: Returning to triumph Hong Kong We expect NWD to transform itself into a developer with a INITIATE AT BUY balanced portfolio of income streams Completion of Victoria Dockside not only strengthens its rental TARGET PRICE (HKD) PREVIOUS TARGET (HKD) income but has other positive implications 14.20 - Initiate Buy with target price of HKD14.20, implying 24% upside SHARE PRICE (HKD) UPSIDE/DOWNSIDE and 4.2% FY18e dividend yield; NWD is our conviction pick 11.50 +23.5% (as of 06 Oct 2017) Re-rating process is under way. New World Development (NWD) is a leading MARKET DATA property company in Hong Kong that is transforming itself into an integrated Market cap (HKDm) 113,123 Free float 56% developer with a balanced mix of property sales and rental business. The company Market cap (USDm) 14,492 BBG 17 HK 3m ADTV (USDm) 27 RIC 0017.HK has scaled up its property sales over the past few years, and its rental business will likely be the next segment to see a strong pick-up. Investors’ concerns about its high FINANCIALS AND RATIOS (HKD) Year to 06/2017a 06/2018e 06/2019e 06/2020e gearing vs peers should dissipate; we view this risk as manageable given higher HSBC EPS 0.75 0.84 0.94 1.11 expected rental income. We estimate the company can deliver: 1) a FY17-20e HSBC EPS (prev) - - - - Change (%) - - - - earnings CAGR of 14%, to HKD10.6bn, vs a sector average of 5%; 2) a 107% jump Consensus EPS 0.78 0.79 0.86 0.90 in rental income, from HKD2.4bn in FY17 to HKD5.0bn in FY19e; and 3) a 15% PE (x) 15.4 13.6 12.2 10.4 Dividend yield (%) 4.0 4.2 4.6 4.9 dividend rise to HKD0.53/share in FY19e. -
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Wing Fung Securities Margin Ratio List (Updated on 20Feb2020) The following Stock Margin Ratio is for reference only. We will consider client's trading accounts status, stock market condition, stock prices' movement and other relevant factors in determining and imposing different margin ratios to different clients in our absolute discretion. We reserve our rights to vary margin ratios and/or stop offering loan for financing margin trading at all times under any circumstances without prior notice to client. Code Stock Name Margin Ratio 00001 CK Hutchison Holdings Limited 85% 00002 CLP Holdings Limited 85% 00003 The Hong Kong and China Gas Company Limited 85% 00004 The Wharf (Holdings) Limited 80% 00005 HSBC Holdings plc 85% 00006 Power Assets Holdings Limited 85% 00007 Hong Kong Finance Investment Holding Group Limited 20% 00008 PCCW Limited 70% 00009 Nine Express Limited 0% 00010 Hang Lung Group Limited 70% 00011 Hang Seng Bank, Limited 85% 00012 Henderson Land Development Company Limited 85% 00014 Hysan Development Company Limited 70% 00015 Vantage International (Holdings) Limited 0% 00016 Sun Hung Kai Properties Limited 85% 00017 New World Development Company Limited 85% 00018 Oriental Press Group Ltd. 40% 00019 Swire Pacific Limited 'A' 85% 00020 Wheelock And Company Limited 70% 00021 Great China Properties Holdings Limited 0% 00022 Mexan Limited 0% 00023 The Bank of East Asia, Limited 85% 00024 Burwill Holdings Limited 0% 00025 Chevalier International Holdings Limited 30% 00026 China Motor Bus Company, Limited 30% 00027 Galaxy Entertainment -
D3150 2021 年第21 期憲報第4 號特別副刊s. S. No. 4 to Gazette No
D3150 2021 年第 21 期憲報第 4 號特別副刊 S. S. NO. 4 TO GAZETTE NO. 21/2021 ENGLISH AUTHOR INDEX, 2020 1957 & Co. (Hospitality) Limited 2525-2526, Aoyuan Healthy Life 6227-6228 Group Company Limited 2568, 6288 360 Ludashi Holdings Limited 6237 APAC Resources Limited 2569, 10743 51 Credit Card Inc 2531, 10710 Apex Ace Holding Limited 19, 6289-6290 A-Living Services Co., Ltd 2532, 10711 Apollo Future Mobility Group A8 New Media Group Limited 2535, 10713 Limited 6291 AAC Technologies Holdings Inc 2536 APT Satellite Holdings Limited 6293, 10744 AAG Energy Holdings Limited 2537, 10714 Aresu, Giuseppe 3621 AB Builders Group Limited 2538 Arlaud, Daniel 11981 abc Multiactive Limited 2539, 6244-6245 Art Group Holdings Limited 20, 2570 Aberdeen Kai-fong Welfare Artini Holdings Limited 2573, 10745-10746 Association Social Service 6246 Arts Optical International Able Engineering Holdings Holdings Limited 6294, 10747 Limited 2540, 6247 Arumi, David 11102-11103 Abuali, Dania Shawwa 7061-7062 Ascentage Pharma Group Accel Group Holdings Limited 2541, 6248 International 2574 Admussen, Nick 3787 Ash, J. 7769 Affluent Foundation Holdings Asia Cement (China) Limited 2542, 6249 Holdings Corporation 2575, 6295 Against Child Abuse Limited 10716 Asia-express Logistics Agile Group Holdings Limited 2543, 6251 Holdings Limited 6296-6297 Agricultural Bank of China Asia Grocery Distribution Limited 2544, 10717 Limited 6298-6299, 10748 AGTech Holdings Limited 2, 2545-2546, Asia-Pac Financial Investment 6252, 10718 Company Limited 6300 Ahn, Eun-jin 335 Asia Pioneer Entertainment -
ESS Migration
List of Migrated Companies (As of 10/11/2019) Companies which have been migrated to the enhanced e-Submission System (ESS) are set out below (in alphabetical order of company name) for reference. Main Board Issuers ............................................................................................................................................................ 1 GEM Issuers ..................................................................................................................................................................... 59 Exchange Traded Products Issuers (Fund Managers) ............................................................................................... 71 Structured Products Issuers ........................................................................................................................................... 72 Debts Issuers .................................................................................................................................................................... 72 Professional Agents ......................................................................................................................................................... 79 Stock Code Main Board Issuers Migration to the enhanced ESS (Effective Date) 03601 360 Ludashi Holdings Limited 10-Nov-19 01361 361 Degrees International Limited 15-Sep-19 01530 3SBio Inc. 15-Sep-19 02051 51 Credit Card Inc. 15-Sep-19 00797 7Road Holdings Limited 15-Sep-19 01737 A & S Group (Holdings) Limited 18-Aug-19 01841 A.Plus