DOCSLIB.ORG

Stoxx® Hong Kong 210 Index

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

BROAD INDICES 1 STOXX® HONG KONG 210 INDEX Stated objective Key facts STOXX global benchmark indices provide a broad yet liquid »Broad and liquid benchmarks for market regions and countries representation of different regions and countries. worldwide The indices are derived from their respective Total Market Index (TMI). They are weighted according to free-float market cap and » Broad number of components cover about 95% of the free-float market cap of the relevant region or country. » Serve as benchmarks for their respective regions/actively managed funds » Serve as an underlying for a variety of financial products, are used for academic research and receive wide media coverage Descriptive statistics Index Market cap (EUR bn.) Components (EUR bn.) Component weight (%) Turnover (%) Full Free-float Mean Median Largest Smallest Largest Smallest Last 12 months STOXX Hong Kong 210 Index 781.3 392.1 1.9 0.5 49.9 0.2 12.7 0.0 7.7 STOXX Hong Kong Total Market Index 816.2 405.0 1.4 0.4 49.9 0.1 12.3 0.0 N/A Supersector weighting (top 10) Country weighting Risk and return figures1 Index returns Return (%) Annualized return (%) Last month YTD 1Y 3Y 5Y Last month YTD 1Y 3Y 5Y STOXX Hong Kong 210 Index 0.6 12.5 19.0 57.5 93.5 7.6 18.9 18.6 15.9 13.7 STOXX Hong Kong Total Market Index 0.7 12.2 18.6 51.6 83.5 8.1 18.4 18.2 14.5 12.6 Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2 STOXX Hong Kong 210 Index 11.4 12.6 11.9 16.9 17.6 0.9 1.5 1.5 0.9 0.7 STOXX Hong Kong Total Market Index 11.2 12.5 11.8 16.9 18.6 1.0 1.4 1.5 0.8 0.6 Index to benchmark Correlation Tracking error (%) STOXX Hong Kong 210 Index 1.0 1.0 1.0 1.0 0.9 0.3 0.3 0.3 1.1 7.0 Index to benchmark Beta Annualized information ratio STOXX Hong Kong 210 Index 1.0 1.0 1.0 1.0 0.9 -1.8 1.7 1.5 1.1 0.1 1 For information on data calculation, please refer to STOXX calculation reference guide. 2 Based on Euribor1m (EUR, gross return), all data as of Aug. 29, 2014 INNOVATIVE. GLOBAL. INDICES. BROAD INDICES 2 STOXX® HONG KONG 210 INDEX Fundamentals (for last 12 months) Index Price/earnings Price/earnings Price/ Dividend Price/ Price/ incl. negative excl. negative book yield (%) sales cash flow Trailing Projected Trailing Projected Trailing Trailing Trailing Trailing STOXX Hong Kong 210 Index 12.2 N/A 11.3 N/A 1.4 3.0 2.4 5.5 STOXX Hong Kong Total Market Index 12.0 N/A 11.1 N/A 1.3 3.0 2.3 5.4 Performance and annual returns3 Methodology The universe is the relevant Total Market Index (TMI). All stocks in the index universe are ranked by free-float market cap to produce the index selection list. Target coverage: 95% of the free-float market cap of the index universe.The detailed methodology including the calculation formula can be found in our rulebook : www.stoxx.com/indices/rulebooks.html Version and symbols Quick facts Index ISIN Symbol Bloomberg Reuters Weighting Free-float market cap Gross Return EUR CH0149416650 SX21HGR SX21HGR Index .SX21HGR 20% Net Return EUR CH0149416676 SX21HR SX21HR Index .SX21HR Cap factor Price EUR CH0149416692 SX21HP SX21HP Index .SX21HP No. of components Fixed component (exact number indicated in index name) Gross Return USD CH0149416668 SX21HGV SX21HGV Index .SX21HGV Net Return USD CH0149416684 SX21HV SX21HV Index .SX21HV Review frequency Quarterly (March, June, September, December) Price USD CH0149416700 SX21HL SX21HL Index .SX21HL To learn more about the inception date, currency versions, calculation hours and Complete list available here: www.stoxx.com/data/vendor_codes.html historical values, please see our data vendor code sheet. 3 STOXX data from Dec. 27, 2001 to Aug. 29, 2014 (EUR, gross return), all data as of Aug. 29, 2014 CONTACT DETAILS STOXX customer support P +41 58 399 5900 Zurich/headquarters: Frankfurt: P +49 69 211 13243 Madrid: P +34 91 369 1229 [email protected] P +41 58 399 5300 Hong Kong: P +852 6307 9316 New York: P +1 212 669 6426 www.stoxx.com London: P +44 207 862 7680 STOXX is part of Deutsche Boerse and SIX CUSTOMIZATION The index can be used as a basis for the definition of STOXX® Customized Indices, which can be tailored to specific client or mandate needs. STOXX offers customization in almost unlimited forms for example in terms of component selection, weighting schemes and personalized calculation methodologies. DISCLAIMER STOXX® indices are protected through intellectual property rights. STOXX and EURO STOXX 50 are registered trademarks. The use of the STOXX® indices for financial products or for other purposes requires a license from STOXX. STOXX does not make any warranties or representations, express or implied with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data. STOXX is not providing investment advice through the publication of the STOXX® indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX on the merits of that company. Financial instruments based on the STOXX® indices are in no way sponsored, endorsed, sold or promoted by STOXX. BACKTESTED PERFORMANCE This document contains index performance data based on backtesting, i.e. calculations of how the index might have performed prior to launch if it had existed using the same index methodology and based on historical constituents. Backtested performance information is purely hypothetical and is provided in this document solely for information purposes. Backtested performance does not represent actual performance and should not be interpreted as an indication of actual performance . BROAD INDICES 3 STOXX® HONG KONG 210 INDEX Components4 Company Supersector Country Weight (%) AIA GROUP Insurance HK 12.32 Sun Hung Kai Properties Ltd. Real Estate HK 5.67 Hutchison Whampoa Ltd. Industrial Goods & Services HK 5.52 Cheung Kong (Holdings) Ltd. Real Estate HK 4.66 Hong Kong Exchanges & Clearing Financial Services HK 4.12 Sands China Ltd. Travel & Leisure HK 3.40 GALAXY ENTERTAINMENT GP. Travel & Leisure HK 3.09 Hong Kong & China Gas Co. Ltd. Utilities HK 2.70 CLP Holdings Ltd. Utilities HK 2.54 Link Real Estate Investment Tr Real Estate HK 2.41 Hang Seng Bank Ltd. Banks HK 2.40 POWER ASSETS HOLDINGS LTD Utilities HK 2.25 Wharf (Holdings) Ltd. Real Estate HK 2.14 Li & Fung Ltd. Personal & Household Goods HK 1.68 Swire Pacific Ltd. A Industrial Goods & Services HK 1.49 Hang Lung Properties Ltd. Real Estate HK 1.31 Henderson Land Development Co. Real Estate HK 1.25 MELCO CROWN ENTM. Travel & Leisure HK 1.23 New World Development Co. Ltd. Real Estate HK 1.18 Bank of East Asia Ltd. Banks HK 1.14 Wynn Macau Ltd. Travel & Leisure HK 1.06 MTR Corp. Ltd. Travel & Leisure HK 1.02 SJM HOLDINGS Travel & Leisure HK 1.01 AAC ACOUSTIC TECHS.HDG. Industrial Goods & Services HK 0.95 Sino Land Co. Ltd. Real Estate HK 0.94 Hang Lung Group Ltd. Real Estate HK 0.93 TECHTRONIC INDS. Personal & Household Goods HK 0.88 Cheung Kong Infrastructure Hol Utilities HK 0.81 Wing Hang Bank Ltd. Banks HK 0.78 Wheelock & Co. Ltd. Real Estate HK 0.69 SWIRE PROPERTIES Real Estate HK 0.64 HKT TRUST & HKT Telecommunications HK 0.61 Hysan Development Co. Ltd. Real Estate HK 0.60 ASM Pacific Technology Ltd. Technology HK 0.55 Esprit Holdings Ltd. Retail HK 0.55 First Pacific Co. Ltd. Food & Beverage HK 0.54 MGM CHINA HOLDINGS Travel & Leisure HK 0.52 Sihuan Pharm Health Care HK 0.52 Shangri-La Asia Ltd. Travel & Leisure HK 0.50 NWS HOLDINGS Construction & Materials HK 0.50 Yue Yuen Industrial (Holdings) Personal & Household Goods HK 0.49 Kerry Properties Ltd. Real Estate HK 0.45 VTECH Holdings Ltd. Technology HK 0.45 MELCO INTL.DEV. Travel & Leisure HK 0.45 PCCW Telecommunications HK 0.44 Hopewell Holdings Ltd. Real Estate HK 0.44 KINGSOFT Personal & Household Goods HK 0.43 SHENZHOU INTL.GP.HDG. Personal & Household Goods HK 0.38 Television Broadcasts Ltd. Media HK 0.38 Cathay Pacific Airways Ltd. Travel & Leisure HK 0.37 HAITIAN INTL.HOLDINGS Industrial Goods & Services HK 0.31 FIH MOBILE LTD Technology HK 0.30 XINYI GLASS HOLDINGS Automobiles & Parts HK 0.29 NEW WORLD CHINA LD. Real Estate HK 0.29 STELLA INTL.HOLDINGS Personal & Household Goods HK 0.26 CHINESE ESTATES HDG. Real Estate HK 0.26 MINTH GROUP Automobiles & Parts HK 0.25 JOHNSON ELECTRIC HDG. Industrial Goods & Services HK 0.25 CMS Health Care HK 0.24 NAGACORP Travel & Leisure HK 0.23 HUABAO INTL.HDG. Chemicals HK 0.23 CAFE DE CORAL HDG. Travel & Leisure HK 0.22 CHAMPION REIT.TRUST Real Estate HK 0.21 CHINAVISION MEDIA GROUP Construction & Materials HK 0.20 VITASOY INTL.HDG. Food & Beverage HK 0.20 TOWNGAS CHINA Utilities HK 0.20 Pacific Basin Shipping Ltd. Industrial Goods & Services HK 0.20 Orient Overseas (International Industrial Goods & Services HK 0.20 SUNNY OPTICAL TECH.GP. Industrial Goods & Services HK 0.19 GUOCO GROUP Financial Services HK 0.19 GREAT EAGLE HDG.
Recommended publications
  • SUNAC CHINA HOLDINGS LIMITED 融創中國控股有限公司 (Incorporated in the Cayman Islands with Limited Liability) (Stock Code: 01918)

    SUNAC CHINA HOLDINGS LIMITED 融創中國控股有限公司 (Incorporated in the Cayman Islands with Limited Liability) (Stock Code: 01918)

    THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt about any aspect of this circular or as to the action to be taken, you should consult your licensed securities dealer or registered institution in securities, bank manager, solicitor, professional accountant or other professional advisers. If you have sold or transferred all your shares in Sunac China Holdings Limited, you should at once hand this circular together with the enclosed form of proxy to the purchaser(s) or transferee(s) or to the bank, licensed securities dealer or registered institution in securities or other agent through whom the sale or transfer was effected for transmission to the purchaser(s) or transferee(s). Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this circular. This circular appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities. SUNAC CHINA HOLDINGS LIMITED 融創中國控股有限公司 (incorporated in the Cayman Islands with limited liability) (Stock Code: 01918) (1) CONNECTED TRANSACTION — PROPOSED SHARE ISSUANCE UNDER SPECIFIC MANDATE AND (2) APPLICATION FOR WHITEWASH WAIVER Independent Financial Adviser to the Independent Board Committee and the Independent Shareholders Capitalised terms used on this cover shall have the same meanings as those defined in the section headed “Definition” in this circular, unless the context requires otherwise.
  • Three Red Lines” Policy

    Three Red Lines” Policy

    Real Estate Developers with High Leverage to See Inventory Quality Tested Under Broader “Three Red Lines” Policy October 28, 2020 In our view, the widening of regulations aimed at controlling real estate developers’ interest- ANALYSTS bearing debt would further reduce the industry’s overall credit risk in the long term. However, the nearer term may see less headroom for highly leveraged developers to finance in the capital Xiaoliang Liu, CFA market, pushing them to sell off inventory to ease liquidity pressure. Beijing +86-10-6516-6040 The People’s Bank of China said in September that measures aimed at monitoring the funding [email protected] and financial management of key real estate developers will steadily be expanded. Media reports suggest that the new regulations would see a cap of 15% on annual growth of interest-bearing Jin Wang debt for all property developers. Developers will be assessed against three indicators, which are Beijing called “red lines”: whether asset liability ratios (excluding advance) exceeded 70%; whether net +86-10-6516-6034 gearing ratio exceeded 100%; whether cash to short-term debt ratios went below 1.0. Developers [email protected] which breached all three red lines won’t be allowed to increase their debt. If only one or two of the red lines are breached, such developers would have their interest-bearing debt growth capped at 5% and 10% respectively. The first half of the year saw debt grow rapidly among developers. In a sample of 87 real estate developers that we are monitoring, more than 40% saw their interest-bearing debt grow at a faster rate than 15% year over year as of the end of June (see the chart below).
  • Placing 400 Million New Shares at HKD 25.25, Underlying Profit

    Placing 400 Million New Shares at HKD 25.25, Underlying Profit

    Company Report: CR Land (01109 HK) Van Liu 刘斐凡 公司报告：华润置地 (01109 HK) +86 755 23976672 [email protected] 国泰君安研究 25 May 2015 Placing 400 million New Shares at HKD 25.25, Underlying Profit Revised up, Maintain fiBuyfl Research GTJA 以25.25港元配售4亿股,调高核心净利，维持“买入” Rating: Buy Maintained z CR Land (fithe Companyfl) plans to raise approximately HK$ 10.1 billion 评级： 买入 维持 by placing 400 million new shares at a price of HK$ 25.25 per placing ( ) share. The management intends to use the raised capital for further land acquisition, development costs and general working capital purposes. 6-18m TP 目标价: HK$29.40 Revised from 原目标价: HK$28.70 z Limited diluted effects with stronger balance sheet. As per our estimates, after the share placing completion, the underlying EPS will increase 0.3% due Share price 股价： HK$25.300 to the underlying profit being revised up and net gearing ratio will decrease 13.0 ppts in 2015E. Stock performance z Raised capital from share placing will help the Company’s land 股价表现 replenishment and new house set up plan acceleration, which is able to translate into earnings growth under the rebounding sales environment. 100.0 % of return z Maintain ‘Buy’. Raised capital from share pricing will help sales increase. 80.0 Expectations of loosening policies and southbound capital inflow with housing 60.0 sales rebound in April 2015 are likely to drive property companies’ valuation upside potential. We revise up the target price to HK$29.40, which represents 40.0 an 15% discount to revised 2015E NAV per share, 12.3x 2015 underlying 20.0 PER and 1.6x 2015 PBR.
  • Fidelity® Emerging Markets Index Fund

    Fidelity® Emerging Markets Index Fund

    Quarterly Holdings Report for Fidelity® Emerging Markets Index Fund January 31, 2021 EMX-QTLY-0321 1.929351.109 Schedule of Investments January 31, 2021 (Unaudited) Showing Percentage of Net Assets Common Stocks – 92.5% Shares Value Shares Value Argentina – 0.0% Lojas Americanas SA rights 2/4/21 (b) 4,427 $ 3,722 Telecom Argentina SA Class B sponsored ADR (a) 48,935 $ 317,099 Lojas Renner SA 444,459 3,368,738 YPF SA Class D sponsored ADR (b) 99,119 361,784 Magazine Luiza SA 1,634,124 7,547,303 Multiplan Empreendimentos Imobiliarios SA 156,958 608,164 TOTAL ARGENTINA 678,883 Natura & Co. Holding SA 499,390 4,477,844 Notre Dame Intermedica Participacoes SA 289,718 5,003,902 Bailiwick of Jersey – 0.1% Petrobras Distribuidora SA 421,700 1,792,730 Polymetal International PLC 131,532 2,850,845 Petroleo Brasileiro SA ‑ Petrobras (ON) 2,103,697 10,508,104 Raia Drogasil SA 602,000 2,741,865 Bermuda – 0.7% Rumo SA (b) 724,700 2,688,783 Alibaba Health Information Technology Ltd. (b) 2,256,000 7,070,686 Sul America SA unit 165,877 1,209,956 Alibaba Pictures Group Ltd. (b) 6,760,000 854,455 Suzano Papel e Celulose SA (b) 418,317 4,744,045 Beijing Enterprises Water Group Ltd. 2,816,000 1,147,720 Telefonica Brasil SA 250,600 2,070,242 Brilliance China Automotive Holdings Ltd. 1,692,000 1,331,209 TIM SA 475,200 1,155,127 China Gas Holdings Ltd. 1,461,000 5,163,177 Totvs SA 274,600 1,425,346 China Resource Gas Group Ltd.
  • Major Transaction Disposal of Shares of Bbmg

    Major Transaction Disposal of Shares of Bbmg

    THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt as to any aspect of this circular or as to the action to be taken, you should consult your stockbroker or other registered dealer in securities, bank manager, solicitor, professional accountant or other professional advisers. If you have sold or transferred all your shares in Hopson Development Holdings Limited (the ‘‘Company’’), you should at once hand this circular to the purchaser(s) or transferee(s) or to the stockbroker, registered dealer in securities or other agent through whom the sale was effected for transmission to the purchaser(s) or the transferee(s). Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this circular. (Incorporated in Bermuda with limited liability) (Stock Code: 754) website: http://www.irasia.com/listco/hk/hopson MAJOR TRANSACTION DISPOSAL OF SHARES OF BBMG * For identification purposes only 25 June 2012 CONTENTS Page Definitions .......................................................................... 1 Letter from the Board ................................................................ 4 Appendix I — Financial information ............................................... 8 Appendix II — General information ...............................................
  • Borderless, Boundless

    Borderless, Boundless

    Borderless, boundless. 2011 Greater China outbound M&A spotlight Chinese Services Group Contents 1 Foreword 2 Executive summary 4 Methodology 5 Greater China outbound M&A activity 12 Consumer Business & Transportation M&A activity 18 Energy & Resources M&A activity 25 Global Financial Services Industry M&A activity 30 Life Science & Health Care M&A activity 34 Manufacturing M&A activity 40 Technology, Media & Telecommunications M&A activity 46 Private equity M&A activity 54 A view from the other side - a target's perspective of a cross-border M&A deal 57 The impact of the 12th Five Year Plan on outbound M&A opportunities 60 The regulatory roundup 64 Introducing the Chinese Services Group 65 Expanding around the globe… 66 Deloitte's CSG network 67 Contacts 68 Notes Foreword Barclays, IBM, Sony, Tommy Hilfiger and Volvo - all renowned, market-leading champions in their particular fields - and all owned, or partly owned, by a business headquartered in Greater China. As the list goes on, individual names become unimportant. What is of importance is the irrefutable fact that cross-border acquisitions emanating from Greater China have grown of late, not only in stature, as the above can attest to, but also in scope and breadth. The stature of deal-making in this particular market has certainly increased over time. In 2005, less than one-out-of-five (19 percent) transactions were valued at more than US$250m. Over the first six months of 2011, this proportion rose to 27 percent, with the market's growing maturity also evident from a global standpoint.
  • Contracted Sales Growth Will Slow in 2021 on Tightened Credit

    Contracted Sales Growth Will Slow in 2021 on Tightened Credit

    CORPORATES SECTOR IN-DEPTH Property – China 28 January 2021 China Property Focus: Contracted sales growth will slow in 2021 on tightened credit TABLE OF CONTENTS » We expect national contracted sales growth in 2021 to slow amid tighter onshore Mild national contracted sales growth credit conditions. National contracted sales value grew 10.8% year-on-year in 2020 likely in 2021 2 (compared with 10.3% growth in 2019), largely driven by an increase in average selling Rated developers' offshore bond issuance remained robust in January price. Contracted sales volume (gross floor area), increased by 3.2% in 2020, higher than amid signs of tightening onshore the 1.5% growth in 2019, reflecting solid housing demand and the gradual economic credit to the sector 4 recovery in China despite the disruption caused by the coronavirus outbreak in early Liquidity stress indicator remained flat in December 2020 5 2020. Eight rating actions from 27 November to 26 January 6 » Rated developers' offshore bond issuance remained robust in January amid signs Appendix I 8 of tightening onshore credit to the sector. Rated developers issued $11.5 billion of Appendix II 9 offshore bonds in January 2021 (to 26 January), mainly for refinancing. The amount Appendix III 13 dropped 30% from $16.5 billion in January 2020 but remained robust compared to the Moody's related publications 14 $4.4 billion average monthly issuance in 2020. The active issuance at the beginning of the year also reflects developers' efforts to replenish liquidity amid signs of tightening onshore credit to the sector. On 31 December 2020, the Chinese regulators announced Contacts new guidelines to limit Chinese banks' property loan exposure.
  • Retirement Strategy Fund 2060 Description Plan 3S DCP & JRA

    Retirement Strategy Fund 2060 Description Plan 3S DCP & JRA

    Retirement Strategy Fund 2060 June 30, 2020 Note: Numbers may not always add up due to rounding. % Invested For Each Plan Description Plan 3s DCP & JRA ACTIVIA PROPERTIES INC REIT 0.0137% 0.0137% AEON REIT INVESTMENT CORP REIT 0.0195% 0.0195% ALEXANDER + BALDWIN INC REIT 0.0118% 0.0118% ALEXANDRIA REAL ESTATE EQUIT REIT USD.01 0.0585% 0.0585% ALLIANCEBERNSTEIN GOVT STIF SSC FUND 64BA AGIS 587 0.0329% 0.0329% ALLIED PROPERTIES REAL ESTAT REIT 0.0219% 0.0219% AMERICAN CAMPUS COMMUNITIES REIT USD.01 0.0277% 0.0277% AMERICAN HOMES 4 RENT A REIT USD.01 0.0396% 0.0396% AMERICOLD REALTY TRUST REIT USD.01 0.0427% 0.0427% ARMADA HOFFLER PROPERTIES IN REIT USD.01 0.0124% 0.0124% AROUNDTOWN SA COMMON STOCK EUR.01 0.0248% 0.0248% ASSURA PLC REIT GBP.1 0.0319% 0.0319% AUSTRALIAN DOLLAR 0.0061% 0.0061% AZRIELI GROUP LTD COMMON STOCK ILS.1 0.0101% 0.0101% BLUEROCK RESIDENTIAL GROWTH REIT USD.01 0.0102% 0.0102% BOSTON PROPERTIES INC REIT USD.01 0.0580% 0.0580% BRAZILIAN REAL 0.0000% 0.0000% BRIXMOR PROPERTY GROUP INC REIT USD.01 0.0418% 0.0418% CA IMMOBILIEN ANLAGEN AG COMMON STOCK 0.0191% 0.0191% CAMDEN PROPERTY TRUST REIT USD.01 0.0394% 0.0394% CANADIAN DOLLAR 0.0005% 0.0005% CAPITALAND COMMERCIAL TRUST REIT 0.0228% 0.0228% CIFI HOLDINGS GROUP CO LTD COMMON STOCK HKD.1 0.0105% 0.0105% CITY DEVELOPMENTS LTD COMMON STOCK 0.0129% 0.0129% CK ASSET HOLDINGS LTD COMMON STOCK HKD1.0 0.0378% 0.0378% COMFORIA RESIDENTIAL REIT IN REIT 0.0328% 0.0328% COUSINS PROPERTIES INC REIT USD1.0 0.0403% 0.0403% CUBESMART REIT USD.01 0.0359% 0.0359% DAIWA OFFICE INVESTMENT
  • STOXX Hong Kong All Shares 180 Last Updated: 01.05.2015

    STOXX Hong Kong All Shares 180 Last Updated: 01.05.2015

    STOXX Hong Kong All Shares 180 Last Updated: 01.05.2015 Rank Rank (PREVIOUS ISIN Sedol RIC Int.Key Company Name Country Currency Component FF Mcap (BEUR) (FINAL) ) KYG875721634 BMMV2K8 0700.HK B01CT3 Tencent Holdings Ltd. CN HKD Y 97.0 1 1 HK0000069689 B4TX8S1 1299.HK HK1013 AIA GROUP HK HKD Y 71.8 2 2 CNE1000002H1 B0LMTQ3 0939.HK CN0010 CHINA CONSTRUCTION BANK CORP H CN HKD Y 69.5 3 4 HK0941009539 6073556 0941.HK 607355 China Mobile Ltd. CN HKD Y 67.4 4 3 CNE1000003G1 B1G1QD8 1398.HK CN0021 ICBC H CN HKD Y 59.3 5 5 CNE1000001Z5 B154564 3988.HK CN0032 BANK OF CHINA 'H' CN HKD Y 46.7 6 6 HK0388045442 6267359 0388.HK 626735 Hong Kong Exchanges & Clearing HK HKD Y 37.7 7 10 CNE1000002L3 6718976 2628.HK CN0043 China Life Insurance Co 'H' CN HKD Y 32.3 8 7 CNE1000003X6 B01FLR7 2318.HK CN0076 PING AN INSUR GP CO. OF CN 'H' CN HKD Y 28.9 9 9 HK0013000119 6448068 0013.HK 644806 Hutchison Whampoa Ltd. HK HKD Y 26.7 10 8 KYG217651051 BW9P816 0001.HK 619027 CK HUTCHISON HOLDINGS HK HKD Y 25.5 11 11 CNE1000003W8 6226576 0857.HK CN0065 PetroChina Co Ltd 'H' CN HKD Y 24.2 12 12 HK0883013259 B00G0S5 0883.HK 617994 CNOOC Ltd. CN HKD Y 24.0 13 13 HK0016000132 6859927 0016.HK 685992 Sun Hung Kai Properties Ltd. HK HKD Y 21.6 14 14 CNE1000002Q2 6291819 0386.HK CN0098 China Petroleum & Chemical 'H' CN HKD Y 21.3 15 16 CNE100000205 B0B8Z29 3328.HK CN0054 Bank of Communications Co 'H' CN HKD Y 20.2 16 17 HK0004000045 6435576 0004.HK 643557 Wharf (Holdings) Ltd.
  • Hang Lung Properties Wait with Patience

    Hang Lung Properties Wait with Patience

    30 May 2018 Hong Kong EQUITIES Hang Lung Properties 101 HK Neutral Wait with patience Price (at 06:50, 30 May 2018 GMT) HK$17.96 Valuation HK$ 33.32 Key points - DCF (WACC 7.7%, beta 1.1, ERP 6.0%, RFR 1.5%) Acquired a land king in Hangzhou with good growth potential 12-month target HK$ 18.43 Large cost leads to slim yield, and long investment period impacts NAV Upside/Downside % +2.6 12-month TSR % +6.8 Benefit from strong retail sales but renovations temporarily hurt Volatility Index Low GICS sector Real Estate Event Market cap HK$m 80,779 We believe the acquisition of the new land king gives the company a good Market cap US$m 10,296 opportunity to ride on the strong retail growth and development of a quasi tier- Free float % 42 1 city. We believe the Hangzhou mall can charge the highest unit rental at 30-day avg turnover US$m 7.8 Rmb700 psm/mth among Hang Lung’s mainland shopping malls except for Number shares on issue m 4,498 Shanghai projects, which are charging more than Rmb1,500. However, as it will take six years to complete in 2024 and total investment cost could be as Investment fundamentals high as Rmb19bn with a 4-5% gross yield, the acquisition should negatively Year end 31 Dec 2017A 2018E 2019E 2020E impact the earnings, cash flow and NAV in recent years. Some previous Revenue m 11,199 10,721 11,107 9,449 EBIT m 7,330 7,452 7,704 6,020 projects have had a long development cycle for five to nine years and EBIT growth % -11.8 1.7 3.4 -21.9 experienced disappointing rentals.
  • Hang Lung Properties Version 9 | Bloomberg: 101 HK EQUITY | Reuters: 101.HK Refer to Important Disclosures at the End of This Report

    Hang Lung Properties Version 9 | Bloomberg: 101 HK EQUITY | Reuters: 101.HK Refer to Important Disclosures at the End of This Report

    China / Hong Kong Company Guide Hang Lung Properties Version 9 | Bloomberg: 101 HK EQUITY | Reuters: 101.HK Refer to important disclosures at the end of this report DBS Group Research . Equity 31 Jul 2019 BUY Retail sales growth gathering Last Traded Price ( 30 Jul 2019):HK$18.64 (HSI : 28,147) momentum Price Target 12-mth: HK$22.38 (20.1% upside) (Prev HK$20.35) BUY with HK$22.38 TP. The stock is trading at a 49% discount to Analyst our estimated current NAV and offers an attractive dividend yield Jeff YAU CFA, +852 36684180 [email protected] of 4.0% for FY19. Stellar tenants’ sales growth at its retail malls in Ian CHUI +852 36684174 [email protected] Jason LAM +852 36684179 [email protected] China augurs well for reversionary growth. Portfolio expansion and asset enhancement initiatives should provide additional What’s New momentum to drive rental income, offering better earnings quality • Improving retail tenants’ sales to underpin and in turn providing share price upside. HLP is among our preferred landlords. BUY with HK$22.38 TP. reversionary growth Portfolio expansion to lift rental income. The progressive opening • New properties to spice up rental earnings of new properties in Kunming, Wuhan, Wuxi, and Shenyang in • BUY with HK$22.38 TP 2019-20 should give an additional boost to Hang Lung Properties’ recurrent earnings growth, and its ability to raise dividends. Pre- leasing at Spring City 66 in Kunming is progressing smoothly, with Price Relative 88% of retail space already pre-committed. This mall is scheduled to open for business in late Aug.
  • STOXX Hong Kong All Shares 50 Last Updated: 01.12.2016

    STOXX Hong Kong All Shares 50 Last Updated: 01.12.2016

    STOXX Hong Kong All Shares 50 Last Updated: 01.12.2016 Rank Rank (PREVIOUS ISIN Sedol RIC Int.Key Company Name Country Currency Component FF Mcap (BEUR) (FINAL) ) KYG875721634 BMMV2K8 0700.HK B01CT3 Tencent Holdings Ltd. CN HKD Y 128.4 1 1 HK0000069689 B4TX8S1 1299.HK HK1013 AIA GROUP HK HKD Y 69.3 2 2 CNE1000002H1 B0LMTQ3 0939.HK CN0010 CHINA CONSTRUCTION BANK CORP H CN HKD Y 60.3 3 4 HK0941009539 6073556 0941.HK 607355 China Mobile Ltd. CN HKD Y 57.5 4 3 CNE1000003G1 B1G1QD8 1398.HK CN0021 ICBC H CN HKD Y 37.7 5 5 CNE1000001Z5 B154564 3988.HK CN0032 BANK OF CHINA 'H' CN HKD Y 32.6 6 7 KYG217651051 BW9P816 0001.HK 619027 CK HUTCHISON HOLDINGS HK HKD Y 32.0 7 6 HK0388045442 6267359 0388.HK 626735 Hong Kong Exchanges & Clearing HK HKD Y 28.5 8 8 CNE1000003X6 B01FLR7 2318.HK CN0076 PING AN INSUR GP CO. OF CN 'H' CN HKD Y 26.5 9 9 CNE1000002L3 6718976 2628.HK CN0043 China Life Insurance Co 'H' CN HKD Y 20.4 10 15 HK0016000132 6859927 0016.HK 685992 Sun Hung Kai Properties Ltd. HK HKD Y 19.4 11 10 HK0883013259 B00G0S5 0883.HK 617994 CNOOC Ltd. CN HKD Y 18.9 12 12 HK0002007356 6097017 0002.HK 619091 CLP Holdings Ltd. HK HKD Y 18.3 13 13 KYG2103F1019 BWX52N2 1113.HK HK50CI CK Property Holdings HK HKD Y 17.9 14 11 CNE1000002Q2 6291819 0386.HK CN0098 China Petroleum & Chemical 'H' CN HKD Y 16.8 15 14 HK0688002218 6192150 0688.HK 619215 China Overseas Land & Investme CN HKD Y 14.8 16 16 HK0823032773 B0PB4M7 0823.HK B0PB4M Link Real Estate Investment Tr HK HKD Y 14.6 17 17 CNE1000003W8 6226576 0857.HK CN0065 PetroChina Co Ltd 'H' CN HKD Y 13.5 18 19 HK0003000038 6436557 0003.HK 643655 Hong Kong & China Gas Co.