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E WHARF (HOLDINGS) LIMITED ANNUAL REPORT 2014 in Building for Tomorrow, Wharf Has Achieved a Few “Firsts” in the Past Decades
Stock Code: 4 ANNUAL REPORT 2014 e Wharfe Limited (Holdings) THE WHARF (HOLDINGS) LIMITED ANNUAL REPORT 2014 www.wharfholdings.com In Building for Tomorrow, Wharf has achieved a few “firsts” in the past decades. That include the first all-weather mall in Hong Kong (Ocean Terminal), the first and only mall with retail sales exceeding 7% of Hong Kong retail sales (Harbour City), the first 17-storey vertical mall in Hong Kong (Times Square) and the first 40-storey industrial building in Hong Kong (CABLE TV Tower). Wharf has also been Building for Tomorrow in other sectors. That includes building and operating of the first cruise terminal in Hong Kong (Ocean Terminal), the first container terminal in Hong Kong (Modern Terminals), the first cross-harbour tunnel in Hong Kong (Hunghom Tunnel), the first electronic toll collection system in Hong Kong (Autopass), the first multi-channel Pay TV service in Hong Kong (CABLE TV), the first 24-hour news channel in Cantonese and the first 24-hour entertainment news channel in Cantonese in the world (i-CABLE News and i-CABLE Entertainment). Corporate Profile Backed by a long standing mission of “Building for Tomorrow” and a distinguished track record, the Group has produced consistent and quality growth over the years. Wharf is among the top local blue chip stocks that are most actively traded and widely held. Through years of value creation and new investment, the Group’s investment properties (“IP”) portfolio has grown to a book value of HK$302 billion as at the end of 2014. It represented 73% of the Group’s underlying core profit. -
FEDS-CSR-Report-2018(English).Pdf
About This Report The Signifi cance of Sustainability for FEDS Download Page Founded in 1967, Far Eastern Department Stores (FEDS) has the longest history as well as the steadiest growth among local chain department stores. As the benchmark for domestic listed department stores, the Company has continued to keep up with the times. The purpose of this report aims to communicate with stakeholders about how FEDS executes sustainable governance. Not only does it create innovative benchmark shopping malls to offer safe products and services to the consumers, but also builds a happy workplace for its employees and actively participates in public welfare. The Company is committed to creating a win-win sustainable growth model in economy, environment and society. This report can also be accessed and downloaded from the Corporate Social Responsibility section of the website (https://www.feds.com.tw/csr/CSR_Report). Reporting Period The report is prepared annually and regularly disclosed. This report provides a summary of FEDS’ performance in CSR management approaches, material topics, responses, and actions in 2018 (January 1st, 2018 to December 31st, 2018). Some information was traced back to previous years to increase the completeness of the information in the report. Reporting Cycle The CSR Report is scheduled to be published annually. The current version is the fi fth CSR Report of FEDS: Date of publication for the fi rst report: August 2015. Date of publication for the current report: June 2019 Date of publication for the next report: June 2020. Report Boundary The subsidiaries of FEDS belong to different business segments including department store, wholesale, shopping mall and premium supermarket. -
Premium Brand Solidfoundations Customer Focus
Foundations Premium Brand Premium 2015/16 Solid Customer Focus Customer Annual Report Stock Code : 16 2015/16 Annual Report C007445 Contents 2 Board of Directors and Committees 3 Corporate Information and Information for Shareholders 4 Financial Highlights and Land Bank 6 Group Financial Summary 7 Business Structure 8 Chairman’s Statement 24 Business Model and Strategic Direction 26 Review of Operations 28 Hong Kong Property Business 54 Mainland Property Business 74 Property Related Businesses 83 Telecommunications and Information Technology 84 Infrastructure and Other Businesses 87 Corporate Finance 88 Financial Review 92 Investor Relations 94 Sustainable Development 102 Corporate Governance Report 115 Directors’ Report 140 Directors’ Biographical Information 150 Executive Committee 151 Consolidated Financial Statements Board of Directors and Committees Board of Directors Executive Directors Kwok Ping-luen, Raymond (Chairman & Managing Director) Wong Chik-wing, Mike (Deputy Managing Director) Lui Ting, Victor (Deputy Managing Director) Kwok Kai-fai, Adam Kwok Kai-wang, Christopher Kwong Chun Tung Chi-ho, Eric Fung Yuk-lun, Allen Kwok Ho-lai, Edward (Alternate Director to Kwok Ping-luen, Raymond) Non-Executive Directors Lee Shau-kee (Vice Chairman) Woo Po-shing Kwan Cheuk-yin, William Woo Ka-biu, Jackson (Alternate Director to Woo Po-shing) Independent Non-Executive Directors Yip Dicky Peter Wong Yue-chim, Richard Li Ka-cheung, Eric Fung Kwok-lun, William Leung Nai-pang, Norman Leung Kui-king, Donald Leung Ko May-yee, Margaret Committees -
Leveraging up in China 12M Price Target SGD 0.58 (+29%) Previous Price Target SGD 0.58
March 3, 2016 Jumbo Group Ltd (JUMBO SP) BUY Share Price SGD 0.45 Leveraging Up In China 12m Price Target SGD 0.58 (+29%) Previous Price Target SGD 0.58 Company description Reiterate Buy F&B retailer in Singapore and China, most famous for We remain bullish on Jumbo, especially as all indications are for a its chilli crabs and JUMBO Seafood brand. Has five surging China business this quarter. Our analysis of its IAPM outlet other brands in its stable. suggests strong operating leverage that should increasingly be in Jumbo’s favour and should show up in the numbers soon. Despite two new outlets, China only had a small loss in 1Q16. With strong sales so far in Statistics 2Q16, it could be in the black as soon as this quarter. Reiterate BUY on 52w high/low (SGD) 0.49/0.41 Jumbo, with TP of SGD0.58, based on a blended PE/DCF methodology. 3m avg turnover (USDm) 2.2 Free float (%) 24.3 Operating Leverage In Jumbo’s Favour Issued shares (m) 641 Market capitalisation SGD282.2M Consumer Staples We expect operating leverage to work to Jumbo’s advantage in China in USD202M coming years. We estimate IAPM’s operating leverage to be 3.3x. In other Major shareholders: words, every 10% rise in sales will lead to 33% higher profits. All JBO Holdings 57.9% indications now are of a buoyant topline. As sales ramp up, the high Mr Tan Gee Jian 6.6% operating leverage will lead to rising profits for every incremental dollar Orchid 1 Investments 6.2% of sales. -
CENTROS DE ACOPIO Operador No
CENTROS DE ACOPIO Operador No. Ubicación Corporativo Acento Locales 6 y 7, Av. Jorge Jiménez Cantú 1 S/N, Colonia Hacienda de Valle Escondido, C.P. 52937, Atizapán de Zaragoza, Estado de México. Av. López Mateos No. 4175, Colonia La Giralda, C.P. 45050, Zapopan; Jalisco. ALCATEL 2 ONE TOUCH Blvd. Manuel Ávila Camacho No. 1007 L-5B, Colonia San 3 Lucas Tepetlacalco, Tlalnepantla de Baz, Estado de México. Av. Miguel Ángel de Quevedo No. 1065, Colonia El Rosedal, 4 Delegación Coyoacán, Distrito Federal. Prado Norte No. 320, Colonia Lomas de Chapultepec, 5 Delegación Miguel Hidalgo, Distrito Federal. Eje 1 Norte Mosqueta No. 259, Colonia Local N1-60, 6 Delegación Cuauhtémoc, Distrito Federal. Presidente Masaryk No. 182, Colonia Polanco, Delegación 7 Miguel Hidalgo, Distrito Federal. Melchor Ocampo No. 193 L-G 25, Colonia Verónica Anzures, 8 Delegación Miguel Hidalgo, Distrito Federal. Blvd. Interlomas No. 5, Colonia San Fernando, Huixquilucan, 9 Estado de México. Av. Vasco de Quiroga No. 3800, Colonia Antigua Mina de 10 Totoloapa, Delegación Cuajimalpa, Distrito Federal. Av. Montevideo (Mezanine) No. 363 L-228, Colonia Lindavista, 11 Delegación Gustavo A. Madero, Distrito Federal. Florencia No. 69, Colonia Juárez, Delegación Cuauhtémoc, IUSACELL 12 Distrito Federal. Plaza Madrid No. 8, Colonia Roma Norte, Delegación 13 Cuauhtémoc, Distrito Federal. Circuito Arquitectos No. 1, Ciudad Satélite, Naucalpan de 14 Juárez, Estado de México. Circuito Centro Comercial (dentro de Plaza Satélite) No. 2251, 15 Local 422, Ciudad Satélite, Naucalpan de Juárez, Estado de México. Av. Canal de Tezontle No. 1512, Colonia Alfonso Ortiz Tirado, 16 Delegación Iztapalapa, Distrito Federal. División del Norte No. -
CV Excel Base
Actualización Mayo, 2019 CLIENTES IMPORTANTES: Actualización Mayo, 2019 PROYECTOS EJECUTADOS EN EL PAIS: NORTE DEL PAIS: CULIACAN, SIN. HERMOSILLO, SON. MATAMOROS, TAMPS. MONTERREY, N.L. SALTILLO, COAH SAN LUIS POTOSI, SLP. TAMPICO, TAMPS. TIJUANA, B.C. TORREON, COAH CENTRO DEL PAIS: ACAPULCO, GRO. AGUASCALIENTES, AGS. CUAUTITLAN IZCALLI, EDO MEX. GUADALAJARA, JAL LEON, GTO. MANZANILLO, COL. MEXICO, D.F. METEPEC, EDO MEXICO MORELIA, MICH. ORIZABA, VER. PUERTO VALLARTA, JAL. SUR DEL PAIS: CANCUN, QR COZUMEL, QR MERIDA, YUC. TUXTLA GUTIERREZ, CHIS. VILLAHERMOSA, TAB. Actualización Mayo, 2019 CRONOLOGIA DE PROYECTOS EJECUTADOS: AÑO PROYECTO UBICACIÓN CLIENTE CONCEPTO TIENDA NUEVAS FABRICAS, C.C. 1979 MORELIA, MICH. ORGANIZACIÓN RAMIREZ CONSTRUCCION GENERAL LAS AMERICAS 1980 C. C. SERVICENTRO LAS AMERICAS MORELIA, MICH. ORGANIZACIÓN RAMIREZ CONSTRUCCION GENERAL CINEMAS GEMELOS PLAZA 1981 GUADALAJARA, JAL. ORGANIZACIÓN RAMIREZ CONSTRUCCION GENERAL REVOLUCION UNIDAD SANBORN'S, C.C LAS 1982 MORELIA, MICH. ORGANIZACIÓN RAMIREZ CONSTRUCCION GENERAL AMERICAS 1982-83 TORRE FINANCIERA BANAMEX MORELIA, MICH. ORGANIZACIÓN RAMIREZ COORDINACION DE OBRA CINEMAS GEMELOS PLAZA 1983 LEON, GTO. ORGANIZACIÓN RAMIREZ CONSTRUCCION GENERAL HIDALGO 1984 MULTICINEMAS GIGANTE CENTRAL MONTERREY, N.L. ORGANIZACIÓN RAMIREZ CONSTRUCCION GENERAL SUPERVISION GENERAL Y COORDINACION DE 1985 CLUB BRITANIA LAS AMERICAS MORELIA, MICH. ASOCIACION CIVIL OBRA 1986 MULTICINEMAS GIGANTE SALTILLO, COAH. ORGANIZACIÓN RAMIREZ CONSTRUCCION GENERAL 1987 MULTICINEMAS PLAZA FIESTA MATAMOROS, TAMPS. ORGANIZACIÓN RAMIREZ SUPERVISION Y COORDINACION DE OBRA UNIDAD DENNY'S, C.C. PLAZA 1987-88 MORELIA, MICH. GRUPO CARSO CONSTRUCCION GENERAL MORELIA Actualización Mayo, 2019 CRONOLOGIA DE PROYECTOS EJECUTADOS: AÑO PROYECTO UBICACIÓN CLIENTE CONCEPTO UNIDAD SANBORN'S, C.C. PLAZA 1988 MONTERREY, N.L. GRUPO CARSO CONSTRUCCION GENERAL FIESTA SAN AGUSTIN UNIDAD DENNY'S, C.C. -
JUMBO GROUP (JUMBO SP) (Initiate Coverage)
SINGAPORE Retail Market Monitor Wednesday, 25 November 2015 MONEY TALK BUY JUMBO GROUP (JUMBO SP) (Initiate Coverage) A Chilli-Hot Consumer Play Share Price S$0.365 Jumbo with its strong brand equity, is a key ambassador of Singapore’s popular Target Price S$0.49 chilli crab on a global level. Riding on its strong brand equity, Jumbo has Upside 34.2% enjoyed success in its initial entry into the Chinese market. As Jumbo expands its network of stores in China, investors can look forward to strong earnings growth and robust cashflow generation from this chilli-hot consumer play. COMPANY DESCRIPTION INVESTMENT HIGHLIGHTS Jumbo Group is a F&B provider with 14 F&B outlets in Singapore and 2 F&B outlets in • Initiate coverage with BUY and DCF-based target price of S$0.49. Of note, China currently operating under 5 restaurant Jumbo Group (Jumbo) had one of the strongest showing in terms of earnings growth, brands. return on equity and net margins among local peers in FY14. Jumbo has the highest FY16F return on equity of 24% vs its peers average of 15%. GICS sector Consumer Discretionary • Strong brand equity. Established in 1987, Jumbo is a household name in the local Bloomberg ticker: JUMBO SP restaurant industry. As a key ambassador of Singapore’s wildly popular chilli crab to Shares issued (m): 641.3 the international community, Jumbo has even attracted the likes of international Market cap (S$m): 234.1 Hollywood star, Reese Witherspoon during her recent visit to Singapore. Jumbo was Market cap (US$m): 165.5 also listed as one of the 50 iconic attractions to visit in Singapore by Tripadvisor for Singapore’s 50th anniversary. -
Grupo Axo, S.A.P.I. De C.V. Reporte Anual Que Se
GRUPO AXO, S.A.P.I. DE C.V. REPORTE ANUAL QUE SE PRESENTA DE ACUERDO CON LAS DISPOSICIONES DE CARÁCTER GENERAL APLICABLES A LAS EMISORAS DE VALORES Y OTROS PARTICIPANTES DEL MERCADO, POR EL EJERCICIO SOCIAL TERMINADO EL 31 DE DICIEMBRE DE 2015 Blvd. Manuel Ávila Camacho No. 40 piso 21 Lomas de Chapultepec, Del. Miguel Hidalgo México, D.F. C.P. 11000 CON BASE EN EL PROGRAMA DE CERTIFICADOS BURSATILES DE LARGO PLAZO CON CARÁCTER DE REVOLVENTE CONSTITUIDO POR GRUPO AXO, S.A.P.I. DE C.V., DESCRITO EN EL PROSPECTO DE DICHO PROGRAMA POR UN MONTO TOTAL AUTORIZADO DE HASTA $1,000,000,000.00 (UN MIL MILLONES DE PESOS 00/100 MONEDA NACIONAL), O SU EQUIVALENTE EN UDIS, SE LLEVÓ A CABO LA PRESENTE OFERTA PUBLICA DE 10,000,000 (DIEZ MILLONES) DE CERTIFICADOS BURSÁTILES, CON VALOR NOMINAL DE $100.00 (CIEN PESOS 00/100 MONEDA NACIONAL) CADA UNO, SEGÚN SE DESCRIBE EN EL SUPLEMENTO (E L “SUPLEMENTO”). MONTO TOTAL DE LA OFERTA: $1´000,000,000.00 (UN MIL MILLONES DE PESOS 00/100 MONEDA NACIONAL) NÚMERO DE CERTIFICADOS BURSÁTILES: 10’000,000 (DIEZ MILLON ES) DE CER TIFICAD O S BURSÁTILES CLAVE DE PIZARRA: AXO14 Los Certificados Bursátiles se encuentran inscritos en el Registro Nacional de Valores y se cotizan en la Bolsa Mexicana de Valores. La inscripción en el Registro Nacional de Valores no implica certificación sobre la bondad de los valores o la solvencia del emisor o sobre la exactitud o veracidad de la información contenida en el Reporte Anual, ni convalida los actos que, en su caso, hubieran sido realizados en contravención de las leyes. -
Shanghai, China Overview Introduction
Shanghai, China Overview Introduction The name Shanghai still conjures images of romance, mystery and adventure, but for decades it was an austere backwater. After the success of Mao Zedong's communist revolution in 1949, the authorities clamped down hard on Shanghai, castigating China's second city for its prewar status as a playground of gangsters and colonial adventurers. And so it was. In its heyday, the 1920s and '30s, cosmopolitan Shanghai was a dynamic melting pot for people, ideas and money from all over the planet. Business boomed, fortunes were made, and everything seemed possible. It was a time of breakneck industrial progress, swaggering confidence and smoky jazz venues. Thanks to economic reforms implemented in the 1980s by Deng Xiaoping, Shanghai's commercial potential has reemerged and is flourishing again. Stand today on the historic Bund and look across the Huangpu River. The soaring 1,614-ft/492-m Shanghai World Financial Center tower looms over the ambitious skyline of the Pudong financial district. Alongside it are other key landmarks: the glittering, 88- story Jinmao Building; the rocket-shaped Oriental Pearl TV Tower; and the Shanghai Stock Exchange. The 128-story Shanghai Tower is the tallest building in China (and, after the Burj Khalifa in Dubai, the second-tallest in the world). Glass-and-steel skyscrapers reach for the clouds, Mercedes sedans cruise the neon-lit streets, luxury- brand boutiques stock all the stylish trappings available in New York, and the restaurant, bar and clubbing scene pulsates with an energy all its own. Perhaps more than any other city in Asia, Shanghai has the confidence and sheer determination to forge a glittering future as one of the world's most important commercial centers. -
An All-Time Record 97 Buildings of 200 Meters Or Higher Completed In
CTBUH Year in Review: Tall Trends All building data, images and drawings can be found at end of 2014, and Forecasts for 2015 Click on building names to be taken to the Skyscraper Center An All-Time Record 97 Buildings of 200 Meters or Higher Completed in 2014 Report by Daniel Safarik and Antony Wood, CTBUH Research by Marty Carver and Marshall Gerometta, CTBUH 2014 showed further shifts towards Asia, and also surprising developments in building 60 58 14,000 13,549 2014 Completions: 200m+ Buildings by Country functions and structural materials. Note: One tall building 200m+ in height was also completed during 13,000 2014 in these countries: Chile, Kuwait, Malaysia, Singapore, South Korea, 50 Taiwan, United Kingdom, Vietnam 60 58 2014 Completions: 200m+ Buildings by Countr5,00y 0 14,000 60 13,54958 14,000 13,549 2014 Completions: 200m+ Buildings by Country Executive Summary 40 Note: One tall building 200m+ in height was also completed during ) Note: One tall building 200m+ in height was also completed during 13,000 60 58 13,0014,000 2014 in these countries: Chile, Kuwait, Malaysia, Singapore, South Korea, (m 13,549 2014 in these Completions: countries: Chile, Kuwait, 200m+ Malaysia, BuildingsSingapore, South byKorea, C ountry 50 Total Number (Total = 97) 4,000 s 50 Taiwan,Taiwan, United United Kingdom, Kingdom, Vietnam Vietnam Note: One tall building 200m+ in height was also completed during ht er 13,000 Sum of He2014 igin theseht scountries: (Tot alChile, = Kuwait, 23,333 Malaysia, m) Singapore, South Korea, 5,000 mb 30 50 5,000 The Council -
The Wharf (Holdings) Limited ANNUAL REPORT 2013
THE WHARF ( HOLDINGS ) LIMITED www.wharfholdings.com ANNUAL REPORT 2013 REPORT ANNUAL The Wharf (Holdings) Limited ANNUAL REPORT 2013 Stock Code: 4 With the opening of Chengdu IFS, Wharf has built another Harbour City in Chengdu. Strategically located at the intersection of three major commercial roads – Hongxing Road, Dacisi Road and Jiangnanguan Street, the 210,000-square-metre retail landmark also marked the maiden anchor of 100 world’s most coveted brands. Corporate Profile Backed by a long standing mission of ”Building for Tomorrow” and a distinguished track record, the Group has produced consistent and quality growth over the years. Wharf is among the top local blue chip stocks that are most actively traded, signalling high liquidity and attractiveness for investors. In addition, through years of value creation and new investment, the Group’s investment properties (“IP”) portfolio, with a book value of HK$261 billion as at the end of 2013, has grown to rank among the top five publicly-held portfolios in the world. It represented 70% of the Group’s total operating profit. With prime real estate as the Group’s primary strategic focus, site acquisition, financing, development planning, design, construction and marketing are its core competencies. Mall development and retail management remain its strategic differentiation. With its leadership in retail management, the Group continued to maintain its pole position in the Hong Kong retail market. Harbour City and Times Square, the Group’s landmark properties, had a combined value of HK$192 billion at the end of 2013, up from HK$177 billion in 2012, and represented 49% of the Group’s business assets. -
Mexico City Office Market Overview 3Q 2017
Third Quarter 2017 | Office Market Overview A+ & A Mexico City Market Market Overview The gross demand recorded during Indicators the first three quarters of 2017 is 4.2 million square feet, of which 47% The A + & A class office market in correspond to "ABD" (Insurgentes, 350 Mexico City closed the third quarter of Norte and Periférico Sur). office buildings A + & A classes 2017 with a total inventory of 62.5 million square meters within the 10 submarkets, an increase of 3.5% over Total demand at the end of this last year's closing and an increase of quarter represents a 35% increase 10 11.3% compared to the end of the office sub markets same period in 2016. compared to the same period of 2016 (+1.0 million square feet). The supply registered at the end of the 62.5 third quarter of the year closed at 6.7 million sq ft Total Inventory More than 4.6 million square feet will million square feet, of which the be delivered in the following three corridors "Norte", "Polanco" and "Santa Fe" represent 60.8% of the total months of the year. 15.2 available in the market. million sq ft Activity Under Construction Average rental prices showed a 3% The submarkets "Interlomas", "Lomas increase compared to the end of the Altas" and "Bosques" (SBD) account for only 5.2% of the total Mexico City. previous quarter, however, it shows a 10.8% decrease of 10% compared to the end vacancy rate of the same period of 2016. 1 Partnership. Performance.