Winners Recon Asia-Pacific | Manila | October 2016
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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. -
Digital Copy
2017-2018’S MOST AWARDED DEVELOPER LITERALLY, THE BEST LIFE WHITEFIELD HAS TO OFFER! PRE-LAUNCHING CODENAME WHITEFIELD EXTENSION 1, 2 & 3 BED CONDOMINIUMS & DUPLEXES PROBLEMS OF OWNING A HOME IN WHITEFIELD Name one place where you get all of these in Whitefield? If you go for a branded - property, the price shoots up and if you find your desired location, you compromise with the quality of lifestyle. PRICE BRAND LOCATION LIFESTYLE IMAGINE A HOME WHICH OFFERS YOU ALL OF THESE. GET READY TO TAKE IT EASY. A project that gives you the best of both worlds; a perfect work location and a resort-like weekend lifestyle, at a price that keeps your wallet heavy and your heart light. EASY ON YOUR DRIVE EASY ON YOUR LIFESTYLE EASY ON YOUR POCKET Getting to your workplace has never Resort like living over 9 acres. Prices 20-25% lesser than been easier- Amenities for both weekdays & Whitefield 10 mins from Hoodi junction. weekends. WHITEFIELD'S SMARTEST REAL ESTATE OPPORTUNITY www.codetakeiteasy.com 080 4083 1323 GET READY TO COMMUTE LESS AND LIVE MORE. What makes Codename Take It Easy even more attractive is a three-fold advantage of seamless connectivity, unparalleled convenience and robust civic infrastructure. CONNECTIVITY WITH AN EDGE 10 mins from Hoodi jn, 10 Mins from upcoming Oers easy access to a self-sustained ecosystem O Whitefield, close to where Whitefield/Hoodi that includes companies, educational 40% of Bengaluru works Metro Station institutions, healthcare, and entertainment. _ _ LOCATION MAP _ _ Garden city _ Kattanallur Jn. LEGENDS Byappanahalli Budigere Cross _ oskote Evoma Hotel Ltd. -
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. -
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. -
Behind the Scenes
©Lonely Planet Publications Pty Ltd 282 Behind the Scenes SEND US YOUR FEEDBACK We love to hear from travellers – your comments keep us on our toes and help make our books better. Our well-travelled team reads every word on what you loved or loathed about this book. Although we cannot reply individually to your submissions, we always guarantee that your feedback goes straight to the appropriate authors, in time for the next edition. Each person who sends us information is thanked in the next edition – the most useful submissions are rewarded with a selection of digital PDF chapters. Visit lonelyplanet.com/contact to submit your updates and suggestions or to ask for help. Our award-winning website also features inspirational travel stories, news and discussions. Note: We may edit, reproduce and incorporate your comments in Lonely Planet products such as guidebooks, websites and digital products, so let us know if you don’t want your comments reproduced or your name acknowledged. For a copy of our privacy policy visit lonelyplanet.com/privacy. OUR READERS Dai Min Many thanks to the travellers who used the Massive thanks to Dai Lu, Li Jianjun and Cheng Yuan last edition and wrote to us with helpful hints, for all their help and support while in Shanghai, your useful advice and interesting anecdotes: Thomas assistance was invaluable. Gratitude also to Wang Chabrieres, Diana Cioffi, Matti Laitinen, Stine Schou Ying and Ju Weihong for helping out big time and a Lassen, Cristina Marsico, Rachel Roth, Tom Wagener huge thank you to my husband for everything. -
Contents ARROW OUTLETS
1 Contents ARROW OUTLETS .................................................................................................................................. 2 BATA OUTLET ........................................................................................................................................ 9 BENETTON OUTLET ............................................................................................................................. 61 BODY SHOP STORES ............................................................................................................................ 77 BOMBAY STORES ................................................................................................................................. 83 BOTTEGA VENETA OUTLETS ................................................................................................................ 83 CAFE COFFEE DAY ............................................................................................................................... 84 CANALI OUTLETS ............................................................................................................................... 130 COX & KING ....................................................................................................................................... 130 CROMA OUTLETS .............................................................................................................................. 140 EMPORIO ARMANI OUTLETS ............................................................................................................ -
VIRTUOUS RETAIL ANNOUNCES the LAUNCH of VR CHENNAI – OPENING in 2018 VR Brings Chennai’S Unique Local Essence to IRF 2017
VIRTUOUS RETAIL ANNOUNCES THE LAUNCH OF VR CHENNAI – OPENING IN 2018 VR brings Chennai’s unique local essence to IRF 2017 Bengaluru, 20 Sep 2017: Virtuous Retail South Asia Pte. Ltd., India's largest institutionally owned developer-operator of lifestyle shopping centers, announced the brand launch of its flagship retail center VR Chennai at a gala event held at the India Retail Forum 2017. Following the successful launches of VR Surat in May 2013, VR Bengaluru in 2016, and the acquisition of North Country Mall, now known as VR Punjab - in early 2017, VR Chennai is an exciting addition in the series of developments under the Virtuous Retail umbrella. Inspired by the soaring Gopurams of the temples of Chennai, and the technicolour of the Madras Check, this striking contemporary addition to Chennai’s rich heritage will redefine the city’s landscape. To bring the flavour of the centre alive, VR Chennai presented an interesting entertainment mix for the visitors at the India Retail Forum 2017 - stand-up comedian Aravind SA, as well as a fusion Bharatanatyam performance. Aravind, the popular internet sensation, is one of the leading stand-up artists from South India. These engaging performances not only had the audience enthralled, but also highlighted to the retail community in India, the essence of Chennai’s unique charm – how today’s Chennai holds onto its traditional heritage but also embraces the elements of the modern world to its lifestyle quite seamlessly. With over 1,000,000 sq. ft. of retail, community, entertainment and leisure space, VR Chennai offers a mix of the best of local, national and international retailers and programmes to connect communities and attract residents and tourists of every age and aspiration. -
The Future of Retail
RETAIL TECHNOLOGY LEADERS ENVISION THE FUTURE OF RETAIL India Shopping Centre Forum 2016 Success story of Max India India’s new shopping sensation VR Bengaluru Cover_June 2016.indd 1 6/2/2016 5:05:17 PM www. indiaretailing. com JUNE 2016 • PAGES 90 • VOL. 15 NO. 6 Editor in Chief .............................................Amitabh Taneja Editorial Director .........................................R S Roy Publisher ....................................................S P Taneja Chief Operating Offi cer ................................Bhavesh H Pitroda EDITORIAL In today’s increasingly connected world, brands and retailers are Editor in Charge ..........................................Parama Sen (Deputy Editor) struggling to get an Omni-channel presence and fi nd ways to appeal Asst. Editor .................................................Shubhra Saini the shoppers who are now present on multiple channels. Burgeoning Correspondent ............................................ Shipra Srivastava role of the technology has made the job of CIOs/CTOs challenging Conference Content ....................................Nakul Jain Mohua Roy than ever. In the cover story, which is aptly titled as ‘Retail Contributing Editors .....................................Zainab S Kazi Technology Leaders envision the future of Retail’ we have spoken Sheetal Choksi to CIOs/CTOs from top notch retail brands across the country. The Namita Bhagat feature highlights how technology leaders are leveraging technology CREATIVES to smoothly run overall operations and improving -
Store Name Store Address
Store Name Store Address amante, 34, Ground Floor, Viviana Mall, Eastern Express Highway, Beside Viviana Thane Jupiter Hospital, Thane West, Mumbai, Maharashtra - 400606 amante, Shop No 42, Lower Ground Floor, Block - A, World Trade Park, JLN WTP Jaipur Marg, Malviya Nagar, Jaipur - 302017. Rajasthan. amante, Unit No 17, Ground Floor, VR Bengaluru, Plot No. 11B, Whitefield VR Bangalore Main Road, Krishna Raj Puram, Bengaluru - 560048. Karnataka. amante Shop No F-260, First Floor, DLF Mall Of India, Plot No M3, Sector 18, MOI Noida Noida - 201301. Uttar Pradesh. amante Shop #20, GR Floor, Sahara Ganj Mall, Sahanajaf road, Lucknow Sahara Lucknow 226601. Uttar Pradesh. amante Shop Unit #10, GR Floor, One Awadh, Centre, (Cenepolis), 384, Vibhuti One Awadh Lucknow Khand, Gomti Nagar, Lucknow, UP – 226010. amante Unit #113, First Floor, Elante Mall, Plot # 178-178A, Industrial & Elante Chandigarh Business Park, Phase 1, Chandigarh – 160002. amante - Lower Ground Floor, Shop # 30, Level 1, Shipra Mall, 9 – Vaibhav Shipra Ghaziabad Khand, Indirapuram, Ghaziabad, Uttar Pradesh – 201014. amante - UG #65, Seawoods Grand Central, Nerul, Navi Mumbai, 400706. Seawwoods Mumbai Maharashtra. amante, Shop G-46, Prozone Mall, Sathy Road, Shivanandhapuram, Prozone Mall Coimbatore Coimbatore - 641035. amante, First Floor, Shop F-158, Ambience Mall, Ambience Island, NH-8, Ambience Mall Gurgaon Gurgaon - 122016, Haryana. amante, Unit #17, First Floor Inorbit Mall, Malad Mumbai, 400064, Inorbit Malad Maharashtra amante, Ground Floor, Shop GF - 8A, MBD Neopolis, Firozepur Road, Ludhiana - MBD Ludhiana 141001, Punjab. amante, #UG 71, Mantri Square, Sampige Road, Malleshwaram, Bangalore - Mantri Square 560003. amante, Shop # L2-34, UG Floor, Next Galleria, Panjagutta, Hyderabad - 82. -
Solid State, Applications in Chemistry, Materials, Biology, MRI, Instrumentation, Including a Public Lecture on the Role of MRI in Yoga
APNMR-2017 National Organising Committee Prof. Brar A.S, GNDU, Amritsar Prof. Chandrakumar N, IIT-Madras, Chennai Prof. Chary K.V.R, TIFR, Mumbai/Hyderabad Prof. Hosur R.V, CEBS and TIFR, Mumbai Dr. Jagadeesh B, IICT, Hyderabad Prof. Jagannathan N.R, AIIMS, New Delhi Prof. Khetrapal C.L, CBMR, Lucknow Dr. Kunwar A.C, IICT, Hyderabad Dr. Subhash Khushu, INMAS, New Delhi Local Organising Committee Anil Kumar Atreya H.S. (Convener) Jayantha Chatterjee Mahavir Singh Raghothama S. Ramanathan K.V. Suryaprakash N. (Convener) Vasudevan S. International Advisory Panel (APNMR) Prof. Byong-Seok Choi, Korea Advanced Institute of Science and Technology, Daejeon, South Korea Prof. Mitsu Ikura, Ontario Cancer Institute, University of Toronto, Ontario Canada Prof. Masatsune Kainosho, Structural Biology Research Center, Graduate School of Science, Nagoya University, Nagoya, Japan Prof. Weontae Lee, Department of Biochemistry, Yonsei University, Seoul, Republic of Korea Prof. Maili Liu, Wuhan Institute of Physics and Mathematics, Wuhan, China Dr. Ping-Chiang Lyu, National Tsing Hua University, Taiwan Prof. Raymond Norton, Monash Institute of Pharmaceutical Sciences, Monash University, Melbourne, Australia Prof. Martin Scanlon, Monash Institute of Pharmaceutical Sciences, Monash University, Melbourne, Australia Prof. Ichio Shimada, The University of Tokyo, Tokyo, Japan Prof. Daiwen Yang, National University of Singapore, Singapore Prof. Mingjie Zhang, Hong Kong University of Science and Technology, Kowloon, Hong Kong, China NATIONAL MAGNETIC RESONANCE SOCIETY, INDIA (REGD) INDIAN INSTITUTE OF SCIENCE BANGALORE – 560012, INDIA Prof. N. Suryaprakash President 8th February, 2017 Message I am extremely delighted to note that today we are organizing 7th Asia Pacific NMR Symposium in conjunction with the 23rd Annual Meeting of National Magnetic Resonance Society (NMRS) of India. -
Interim Repor T 2013 / 14
2013 / 14 INTERIM REPORT 2013 / 14 二○一三至一四年中期報告 WorldReginfo - b31de07f-7857-4a6a-ac79-45e8b1535d5d 1 Shanghai Xujiahui Centre project, the mainland 內地上海徐家匯中心項目 3 1 4 6 2 5 2 Shanghai IFC, the mainland 內地上海國金中心 3 International Commerce Centre at Kowloon Station, Hong Kong 香港九龍站環球貿易廣場 4 International Finance Centre in Central, Hong Kong 香港中環國際金融中心 5 Century Gateway in Tuen Mun, Hong Kong 香港屯門瓏門 6 Shanghai ICC, the mainland 內地上海環貿廣場 WorldReginfo - b31de07f-7857-4a6a-ac79-45e8b1535d5d Contents 2 Board of Directors and Committees 3 Financial Highlights and Corporate Information 4 Chairman’s Statement 16 Report on Review of Condensed Consolidated Financial Statements 17 Consolidated Income Statement 18 Consolidated Statement of Comprehensive Income 19 Consolidated Statement of Financial Position 20 Condensed Consolidated Statement of Cash Flows 21 Condensed Consolidated Statement of Changes in Equity 22 Notes to the Interim Financial Statements 39 Financial Review 42 Other Information Smartphone and tablet users can download PDF version via QR Code Reader Interim Report 2013/14 SUN HUNG KAI PROPERTIES LIMITED 1 WorldReginfo - b31de07f-7857-4a6a-ac79-45e8b1535d5d Board of Directors and Committees BOARD OF DIRECTORS Executive Directors Kwok Ping-kwong, Thomas (Chairman & Managing Director) Kwok Ping-luen, Raymond (Chairman & Managing Director) Wong Chik-wing, Mike (Deputy Managing Director) Lui Ting, Victor (Deputy Managing Director) Chan Kui-yuen, Thomas Kwong Chun Chan Kwok-wai, Patrick (Chief Financial Officer) Tung Chi-ho, Eric Fung Yuk-lun,