2015/2016 – Annual Report
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Hysan Development Company Limited • Annual Report 2001 1 a Distinctive Neighbourhood in Causeway Bay –
ANNUAL REPORT 2001 INVESTING FOR THE FUTURE: CONTENTS FUNDAMENTALS STRENGTHENED 4 Highlights 2001 Inspired by the classic chambered nautilus, the logo of our flagship Lee Gardens reflects 5 Chairman’s Statement the notion of strong foundations. The vitality of the spiralling design symbolises our vision 16 Operating and Financial Review to move forward to a dynamic future. A spirit not only true for the Lee Gardens, 22 Principal Investment Properties but also for our entire portfolio. A distinctive neighbourhood in Causeway Bay – 24 Report of the Valuer to work, shop and enjoy. 25 Schedule of Principal Properties 26 Our People 28 Directors, Officers and Advisers 34 Corporate Governance 40 Directors’ Report 44 Auditors’ Report 45 Consolidated Income Statement 46 Consolidated Balance Sheet 48 Balance Sheet 49 Consolidated Statement of Recognised Gains and Losses 50 Consolidated Cash Flow Statement 52 Notes to the Financial Statements 84 Five-Year Financial Summary 86 Notice of Annual General Meeting Inside back cover Shareholder Information With origins of some 450 million years, the spirally coiled, chambered nautilus has fascinated naturalists, mathematicians and physicists for years. Back cover Lee Gardens shopping centre Mission Hysan Development is committed to building and owning quality buildings, and being the occupier’s partner of choice in the provision of real estate accommodation and services, thereby delivering attractive and sustainable returns to shareholders. Year 2001 has been challenging, but rewarding for the Company strategically. -
HKR International Ltd Version 1 | Bloomberg: 480 HK Equity | Reuters: 0480.HK Refer to Important Disclosures at the End of This Report
China / Hong Kong Company Guide HKR International Ltd Version 1 | Bloomberg: 480 HK Equity | Reuters: 0480.HK Refer to important disclosures at the end of this report DBS Group Research . Equity 4 Jun 2020 BUY(Initiating Coverage) Rediscovering a hidden gem. Last Traded Price ( 2 Jun 2020):HK$3.12(HSI : 23,996) • HKRI Taikoo Hui in Shanghai is a crown jewel, supporting its Price Target 12-mth:HK$4.09 (31.1% upside) long-term share price appreciation • Low-cost land reserve in Discovery Bay, a well-regarded Analyst residential community, provides good investment returns Jeff YAU CFA,+852 36684180, [email protected] • The stock is undervalued, trading at 82% discount to our assessed current NAV Price Relative • Initiating coverage with BUY rating and TP of HK$4.09 HK$ Relative Index 3.7 209 Initiating coverage with BUY rating and target price of HK$4.09. HKR 3.5 189 International is trading at 82% discount to our appraised current 3.3 169 3.1 149 NAV, slightly wider than those for other small-to-mid cap property 2.9 129 developers. The stock is undervalued in view of its asset quality and 2.7 109 financial strength. The realisation of the value of its upmarket 2.5 89 Dec-19 Mar-20 residential developments in Hong Kong should provide upside on HKR International Ltd (LHS) Relative HSI (RHS) stock. Steadily growing contributions from HKRI Taikoo Hui in Forecasts and Valuation Shanghai and CDW Building in Hong Kong should underpin its long- FY Mar (HK$ m) 2019A 2020F 2021F 2022F term share price appreciation. -
1193Rd Minutes
Minutes of 1193rd Meeting of the Town Planning Board held on 17.1.2019 Present Permanent Secretary for Development Chairperson (Planning and Lands) Ms Bernadette H.H. Linn Professor S.C. Wong Vice-chairperson Mr Lincoln L.H. Huang Mr Sunny L.K. Ho Dr F.C. Chan Mr David Y.T. Lui Dr Frankie W.C. Yeung Mr Peter K.T. Yuen Mr Philip S.L. Kan Dr Lawrence W.C. Poon Mr Wilson Y.W. Fung Dr C.H. Hau Mr Alex T.H. Lai Professor T.S. Liu Ms Sandy H.Y. Wong Mr Franklin Yu - 2 - Mr Daniel K.S. Lau Ms Lilian S.K. Law Mr K.W. Leung Professor John C.Y. Ng Chief Traffic Engineer (Hong Kong) Transport Department Mr Eddie S.K. Leung Chief Engineer (Works) Home Affairs Department Mr Martin W.C. Kwan Deputy Director of Environmental Protection (1) Environmental Protection Department Mr. Elvis W.K. Au Assistant Director (Regional 1) Lands Department Mr. Simon S.W. Wang Director of Planning Mr Raymond K.W. Lee Deputy Director of Planning/District Secretary Ms Jacinta K.C. Woo Absent with Apologies Mr H.W. Cheung Mr Ivan C.S. Fu Mr Stephen H.B. Yau Mr K.K. Cheung Mr Thomas O.S. Ho Dr Lawrence K.C. Li Mr Stephen L.H. Liu Miss Winnie W.M. Ng Mr Stanley T.S. Choi - 3 - Mr L.T. Kwok Dr Jeanne C.Y. Ng Professor Jonathan W.C. Wong Mr Ricky W.Y. Yu In Attendance Assistant Director of Planning/Board Ms Fiona S.Y. -
WKCD Report Cover
Submitted by Public Policy Research Institute The Hong Kong Polytechnic University December 2011 LC Paper No. CB(2)663/11-12(02) Report on the Analysis of Views for the Stage 3 Public Engagement Exercise for the West Kowloon Cultural District Report on the Analysis of Views for the Stage 3 Public Engagement Exercise for the West Kowloon Cultural District Submitted by Public Policy Research Institute The Hong Kong Polytechnic University December 2011 Report on the Analysis of Views for the Stage 3 PE Exercise for the WKCD CONTENTS Page EXECUTIVE SUMMARY ....................................................................................................... i CHAPTER 1: INTRODUCTION ..............................................................................................1 1.1 Background of the West Kowloon Cultural District ....................................................1 1.2 The Public Engagement Exercise ................................................................................1 1.3 The Consultancy...........................................................................................................2 1.4 The Consultancy Team and Modus Operandi .............................................................2 CHAPTER 2: METHODOLOGY .............................................................................................4 2.1 Sources of Data ............................................................................................................4 2.2 Methodology for Data Analysis ...................................................................................5 -
Asian Godfathers Jadi Buku Laris.” —BANGKOK POST
pustaka-indo.blogspot.com “Studwell menyajikan banyak informasi tentang proyek bisnis para godfather, juga kehidupan seks mereka. … Perkara seks ini membuat Asian Godfathers jadi buku laris.” —BANGKOK POST “Para godfather… benar-benar seperti parasit. Mereka memperoleh monopoli akses yang menguntungkan melalui guanxi beserta kroni-kroni politiknya.” —JOHN D. VAN FLEET, SHANGHAI “Reportase yang utuh dengan kepekaan sejarah menyangkut orang-orang hebat di balik perekonomian Asia.” —JEFF ANDREW, PENGAMAT ASIA pustaka-indo.blogspot.com ASIAN GODFATHERS Menguak Tabir Perselingkuhan Pengusaha dan Penguasa Joe Studwell mencerdaskan, mencerahkan pustaka-indo.blogspot.com Diterjemahkan dari ASIAN GODFATHERS Money and Power in Hong Kong and South-east Asia Hak cipta © Joe Studwell, 2007 Hak terjemahan Indonesia pada penerbit All rights reserved Penerjemah: Yanto Musthofa Editor: Julie Indahrini Desain sampul: Iksaka Banu Tata letak: Dadang Kusmana Cetakan 1, November 2015 Diterbitkan oleh PT Pustaka Alvabet Anggota IKAPI Ciputat Mas Plaza Blok B/AD Jl. Ir. H. Juanda No. 5A, Ciputat Tangerang Selatan 15412 - Indonesia Telp. +62 21 7494032, Faks. +62 21 74704875 Email: [email protected] www.alvabet.co.id Perpustakaan Nasional RI. Data Katalog dalam Terbitan (KDT) Studwell, Joe Asian Godfathers: Menguak Tabir Perselingkuhan Pengusaha dan Penguasa/Joe Studwell; Penerjemah: Yanto Musthofa; Editor: Julie Indahrini Cet. 1 — Jakarta: PT Pustaka Alvabet, November 2015 432 hlm. 15 x 23 cm ISBN 978-602-9193-76-3 1. Sosial/Politik I. Judul. pustaka-indo.blogspot.com -
Driving Services Section
DRIVING SERVICES SECTION Taxi Written Test - Part B (Location Question Booklet) Note: This pamphlet is for reference only and has no legal authority. The Driving Services Section of Transport Department may amend any part of its contents at any time as required without giving any notice. Location (Que stion) Place (Answer) Location (Question) Place (Answer) 1. Aberdeen Centre Nam Ning Street 19. Dah Sing Financial Wan Chai Centre 2. Allied Kajima Building Wan Chai 20. Duke of Windsor Social Wan Chai Service Building 3. Argyle Centre Nathan Road 21. East Ocean Centre Tsim Sha Tsui 4. Houston Centre Mody Road 22. Eastern Harbour Centre Quarry Bay 5. Cable TV Tower Tsuen Wan 23. Energy Plaza Tsim Sha Tsui 6. Caroline Centre Ca useway Bay 24. Entertainment Building Central 7. C.C. Wu Building Wan Chai 25. Eton Tower Causeway Bay 8. Central Building Pedder Street 26. Fo Tan Railway House Lok King Street 9. Cheung Kong Center Central 27. Fortress Tower King's Road 10. China Hong Kong City Tsim Sha Tsui 28. Ginza Square Yau Ma Tei 11. China Overseas Wan Chai 29. Grand Millennium Plaza Sheung Wan Building 12. Chinachem Exchange Quarry Bay 30. Hilton Plaza Sha Tin Square 13. Chow Tai Fook Centre Mong Kok 31. HKPC Buil ding Kowloon Tong 14. Prince ’s Building Chater Road 32. i Square Tsim Sha Tsui 15. Clothing Industry Lai King Hill Road 33. Kowloonbay Trademart Drive Training Authority Lai International Trade & King Training Centre Exhibition Centre 16. CNT Tower Wan Chai 34. Hong Kong Plaza Sai Wan 17. Concordia Plaza Tsim Sha Tsui 35. -
English Version
Indoor Air Quality Certificate Award Ceremony COS Centre 38/F and 39/F Offices (CIC Headquarters) Millennium City 6 Common Areas Wai Ming Block, Caritas Medical Centre Offices and Public Areas of Whole Building Premises Awarded with “Excellent Class” Certificate (Whole Building) COSCO Tower, Grand Millennium Plaza Public Areas of Whole Building Mira Place Tower A Public Areas of Whole Office Building Wharf T&T Centre 11/F Office (BOC Group Life Assurance Millennium City 5 BEA Tower D • PARK Baby Care Room and Feeding Room on Level 1 Mount One 3/F Function Room and 5/F Clubhouse Company Limited) Modern Terminals Limited - Administration Devon House Public Areas of Whole Building MTR Hung Hom Building Public Areas on G/F and 1/F Wharf T&T Centre Public Areas from 5/F to 17/F Building Dorset House Public Areas of Whole Building Nan Fung Tower Room 1201-1207 (Mandatory Provident Fund Wheelock House Office Floors from 3/F to 24/F Noble Hill Club House EcoPark Administration Building Offices, Reception, Visitor Centre and Seminar Schemes Authority) Wireless Centre Public Areas of Whole Building One Citygate Room Nina Tower Office Areas from 15/F to 38/F World Commerce Centre in Harbour City Public Areas from 5/F to 10/F One Exchange Square Edinburgh Tower Whole Office Building Ocean Centre in Harbour City Public Areas from 5/F to 17/F World Commerce Centre in Harbour City Public Areas from 11/F to 17/F One International Finance Centre Electric Centre 9/F Office Ocean Walk Baby Care Room World Finance Centre - North Tower in Harbour City Public Areas from 5/F to 17/F Sai Kung Outdoor Recreation Centre - Electric Tower Areas Equipped with MVAC System of The Office Tower, Convention Plaza 11/F & 36/F to 39/F (HKTDC) World Finance Centre - South Tower in Harbour City Public Areas from 5/F to 17/F Games Hall Whole Building Olympic House Public Areas of 1/F and 2/F World Tech Centre 16/F (Hong Yip Service Co. -
“Relationship Between Trading at Ask Price and the End-Of-Day Effect in Hong Kong Stock Exchange”
“Relationship between Trading at Ask Price and the End-of-Day Effect in Hong Kong Stock Exchange” AUTHORS Alex W.H. Chan Alex W.H. Chan (2005). Relationship between Trading at Ask Price and the End- ARTICLE INFO of-Day Effect in Hong Kong Stock Exchange. Investment Management and Financial Innovations, 2(4) RELEASED ON Monday, 05 December 2005 JOURNAL "Investment Management and Financial Innovations" FOUNDER LLC “Consulting Publishing Company “Business Perspectives” NUMBER OF REFERENCES NUMBER OF FIGURES NUMBER OF TABLES 0 0 0 © The author(s) 2021. This publication is an open access article. businessperspectives.org 124 Investment Management and Financial Innovations, 4/2005 Relationship between Trading at Ask Price and the End-of- Day Effect in Hong Kong Stock Exchange Alex W.H. Chan1 Abstract This paper presents an empirical study on the intraday trading behavior of Hang Seng In- dex constituent stocks in Hong Kong Stock Exchange. We use LOGIT model to analyze the prob- ability of a trade occurring at the ask price and investigate its relationship with the end-of-day ef- fect. We find some systematic patterns of trading at ask price over different trading time intervals. This systematic pattern of trading at ask price can explain around one-third of the abnormal return from the end-of-day effect. JEL classification: G10, G12, G15 Key words: Intraday Return, Trade at Ask, End-of-Day Effect. 1. Introduction Many empirical investigations on the U.S. stock market document systematic patterns for the intraday stock price generating process (e.g. Wood, McInish and Ord (1985), Harris (1986) and Jain and Joh (1988)) and systematic intraday trading behavior of investors. -
A Different Brilliance—The D & B Story
1. Yes, Madam (1985): Michelle Yeoh 2. Love Unto Wastes (1986): (left) Elaine Jin; (right) Tony Leung Chiu-wai 3. An Autumn’s Tale (1987): (left) Chow Yun-fat; (right) Cherie Chung 4. Where’s Officer Tuba? (1986): Sammo Hung 5. Hong Kong 1941 (1984): (from left) Alex Man, Cecilia Yip, Chow Yun-fat 6. It’s a Mad, Mad, Mad World (1987): (front row from left) Loletta Lee, Elsie Chan, Pauline Kwan, Lydia Sum, Bill Tung; (back row) John Chiang 7. The Return of Pom Pom (1984): (left) John Sham; (right) Richard Ng 8. Heart to Hearts (1988): (from left) Dodo Cheng, George Lam, Vivian Chow Pic. 1-8 © 2010 Fortune Star Media Limited All Rights Reserved Contents 4 Foreword Kwok Ching-ling, Wong Ha-pak 〈Chapter I〉 Production • Cinema Circuits 10 D & B’s Development: From Production Company to Theatrical Distribution Po Fung Circuit 19 Retrospective on the Big Three: Dickson Poon and the Rise-and-Fall Story of the Wong Ha-pak D & B Cinema Circuit 29 An Unconventional Filmmaker—John Sham Eric Tsang Siu-wang 36 My Days at D & B Shu Kei In-Depth Portraits 46 John Sham Diversification Strategies of a Resolute Producer 54 Stephen Shin Targeting the Middle-Class Audience Demographic 61 Linda Kuk An Administrative Producer Who Embodies Both Strength and Gentleness 67 Norman Chan A Production Controller Who Changes the Game 73 Terence Chang Bringing Hong Kong Films to the International Stage 78 Otto Leong Cinema Circuit Management: Flexibility Is the Way to Go 〈Chapter II〉 Creative Minds 86 D & B: The Creative Trajectory of a Trailblazer Thomas Shin 92 From -
17 HKPC Enviroment Standp1.Eps
1177 HHKPC_Enviroment_standP1.epsKPC_Enviroment_standP1.eps 1 14/06/201714/06/2017 6:596:59 PMPM Indoor Air Quality Certificate Award Ceremony Comprehensive solutions to improve indoor air quality The Environmental Protection Department’s Indoor Air Quality (IAQ) Certification Mr. Donald Tong, JP, the Permanent Scheme recognizes good IAQ management practices, and raises public awareness on Secretary for the Environment / Director of Environment Protection the importance of a healthy indoor environment. In recognizing and promoting good IAQ management practices, the Environmental Protection Department (EPD) has implemented the Representatives from Top 10 Organizations with the Highest Participation Rate in 2016 IAQ Certification Scheme for Offices and Public Places since 2003, with an aim to raise the awareness of good indoor air quality in the community. Throughout the years, the number of premises participating in the scheme has continued to rise. There are now approximately 1,400 certificates registered, a 16 fold increase as compared with some 80 certificates in 2004. This proves that the scheme has successfully brought the issue of indoor air quality to the attention of the general public. Group Photo of Representatives from Supporting Organizations, Academics, Public Transport Operators and Stakeholders This year’s IAQ Certification Award Ceremony cum Technical Seminar was held on June 6, to commend organizations which have controlled by controlling moisture and dust indoors. Having an Representatives from Organizations with 10 Years -
Ready for Take-Off
Construction & real estate / Hong Kong 11 January 2012 Hysan Development Target price: HK$35.20 Up/downside: +35.1% 14 HK | HYSNY US Share price (9 Jan): HK$26.05 Initiation: ready for take-off • Hysan has one of the best pure retail portfolios in Asia and its potential is just starting to emerge • We believe the company is poised for a take-off in earnings and dividend growth, which could last for several years • It offers both growth and defensive appeal; coverage initiated with a Buy rating How do we justify our view? over 3x more than Hysan’s current Risks. We see the main risk as a share price, in three years’ time. We decline in Mainland visitors to Hong apply a 40% discount to our end- Kong. In addition, we believe good 2012E NAV to derive our six-month execution is required to bring out the target price of HK$35.2, implying 35% full potential of Hysan’s portfolio. Jonas Kan, CFA upside potential. (852) 2848 4439 Share price performance [email protected] Catalysts. The opening of Hysan (HK$) (%) Yannis Kuo Place, scheduled in mid-2012, is a 44 110 (852) 2773 8735 38 100 [email protected] strong potential catalyst, and also one whose significance we believe extends 32 90 Alex Ye beyond driving net-profit growth of 26 80 (852) 2848 4471 21.8% for 2012E and 23% YoY for 20 70 [email protected] Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 2013E. We think Hysan’s retail and Hysan Development (LHS) Relative to HSI (RHS) office portfolio and also Causeway Bay Investment case. -
2019 Annual Report
FINANCIAL HIGHLIGHTS 2019 2018 Change Earnings & Dividends# Per Share Earnings per Share # Performance nd Dividends per Share Celebrating its 52 3.5 Loss per share HK$(0.67 ) HK$(0.45 ) 48% 3 Dividends per share year of operation, Television 2.5 - Interim HK$0.30 HK$0.30 2 - Final HK$0.20 HK$0.70 HK$0.50 HK$1.00 Broadcasts Limited is the 1.5 HK$ 1 HK$’mil HK$’mil leading terrestrial TV broadcaster 0.5 Revenue from external customers - Hong Kong TV broadcasting 2,190 2,923 -25% Since0 2016, TVB has headquartered in Hong Kong. TVB - myTV SUPER 442 402 10% -0.5 - Big Big Channel business 129 87 47% been-1 transformed from - Programme a licensing and 2015 2016 2017 2018 2019 is also one of the largest distribution 740 870 -15% YEAR # excluding special dividend - Overseas pay TV and traditional media to a TVB Anywhere 144 140 3% commercial Chinese programme - Other activities 4 55 -92% major digital player, 3,649 4,477 2019 Revenue from External Customers by producers in the world with an Operating Segment Segment profit/(loss)* % relating to 2018 are shown in brackets operating over-the-top - Hong Kong TV broadcasting (304 ) 194 N/A annual production output of over - myTV SUPER 40 16 154% Hong Kong TV broadcastingservices - Big Big Channel business 44 (19 ) N/A 60% (65%) myTV SUPER - Programme licensing and 22,000 hours of dramas and distribution 412 414 -1% Programmeand TVB Anywhere - Overseas, pay TV and licensing and TVB Anywhere (10 ) (16 ) -37% variety programmes, in addition distribution - Other activities (4 ) (17 ) -74% 20%social (19%) media platform - CorporateBig support# (152 ) (150 ) 1% to documentaries and news Other activities 26 422 -94% 1% (2%) Big Channel and e-commerceTotal expensesΔ 3,698 4,062 -9% reports, and an archive library of Overseas pay TV myTV SUPER Big Big andplatform TVB Anywhere 12% (9%) Big ChannelBig Shop Loss attributable.