View Financial HealthKowloon Development 배당 및 자사주 매입배당 기준 점검 3/6Kowloon Development 은(는) 현재 수익률이 4.88% 인 배당금 지급 회사입니다.핵심 정보4.9%배당 수익률n/a자사주 매입 수익률총 주주 수익률n/a미래 배당 수익률n/a배당 성장률-1.8%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향240%최근 배당 및 자사주 매입 업데이트Upcoming Dividend • Jun 04Upcoming dividend of HK$0.14 per shareEligible shareholders must have bought the stock before 11 June 2026. Payment date: 08 July 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.7%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (4.1%).Declared Dividend • May 20Final dividend of HK$0.14 announcedShareholders will receive a dividend of HK$0.14. Ex-date: 11th June 2026 Payment date: 8th July 2026 Dividend yield will be 31%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (240% earnings payout ratio). However, it is well covered by cash flows (22% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 167% to bring the payout ratio under control. However, EPS has declined by 26% over the last 5 years so the company would need to reverse this trend.공시 • Aug 23Kowloon Development Company Limited Declares Ordinary Interim (Semi-Annual) Cash Dividend for the Six Months Ended 30 June 2025, Payable on 7 January 2026The Board of Directors of Kowloon Development Company Limited has declared ordinary interim (semi-annual) cash dividend of HKD 0.10 per share for the six months ended 30 June 2025 (2024: HKD 0.10). The interim dividend will be payable on 7 January 2026 to shareholders whose names appear on the register of members of the Company on 16 December 2025. Ex-dividend date is 11 December 2025.공시 • Mar 22Kowloon Development Company Limited Proposes Ordinary Final Cash Dividend for the Year Ended 31 December 2024, Payable on 09 July 2025Kowloon Development Company Limited proposed ordinary final cash dividend of HKD 0.12 per share for the year ended 31 December 2024, payable on 09 July 2025. Record date is 17 June 2025. Ex-dividend date is 12 June 2025. Date of shareholders' approval is 04 June 2025.Declared Dividend • Sep 02Dividend of HK$0.10 announcedShareholders will receive a dividend of HK$0.10. Ex-date: 12th December 2024 Payment date: 8th January 2025 Dividend yield will be 30%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (301% earnings payout ratio). However, it is covered by cash flows (67% cash payout ratio). The dividend has increased by an average of 3.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 235% to bring the payout ratio under control. However, EPS has declined by 38% over the last 5 years so the company would need to reverse this trend.공시 • Jun 06Kowloon Development Company Limited Declares Final Dividend for the Year Ended 31 December 2023Kowloon Development Company Limited at its AGM held on June 5, 2024, declared a final dividend of HKD 0.57 per share for the year ended 31 December 2023 (payable wholly in the form of new fully paid shares of the Company).모든 업데이트 보기Recent updatesUpcoming Dividend • Jun 04Upcoming dividend of HK$0.14 per shareEligible shareholders must have bought the stock before 11 June 2026. Payment date: 08 July 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.7%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (4.1%).Declared Dividend • May 20Final dividend of HK$0.14 announcedShareholders will receive a dividend of HK$0.14. Ex-date: 11th June 2026 Payment date: 8th July 2026 Dividend yield will be 31%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (240% earnings payout ratio). However, it is well covered by cash flows (22% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 167% to bring the payout ratio under control. However, EPS has declined by 26% over the last 5 years so the company would need to reverse this trend.Board Change • May 20Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Duff Karman Hsu was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Mar 20Kowloon Development Company Limited, Annual General Meeting, Jun 03, 2026Kowloon Development Company Limited, Annual General Meeting, Jun 03, 2026.공시 • Mar 06Kowloon Development Company Limited to Report Fiscal Year 2025 Results on Mar 20, 2026Kowloon Development Company Limited announced that they will report fiscal year 2025 results on Mar 20, 2026공시 • Aug 23Kowloon Development Company Limited Declares Ordinary Interim (Semi-Annual) Cash Dividend for the Six Months Ended 30 June 2025, Payable on 7 January 2026The Board of Directors of Kowloon Development Company Limited has declared ordinary interim (semi-annual) cash dividend of HKD 0.10 per share for the six months ended 30 June 2025 (2024: HKD 0.10). The interim dividend will be payable on 7 January 2026 to shareholders whose names appear on the register of members of the Company on 16 December 2025. Ex-dividend date is 11 December 2025.공시 • Aug 09Kowloon Development Company Limited to Report First Half, 2025 Results on Aug 22, 2025Kowloon Development Company Limited announced that they will report first half, 2025 results on Aug 22, 2025공시 • Jun 29Kowloon Development Company Limited Announces Changes in Composition of Nomination Committee, Effect from 1 July 2025The board of directors of Kowloon Development Company Limited announced the following changes in the composition of the Nomination Committee of the Company (the "Nomination Committee") with effect from 1 July 2025: (1) Mr. Or Wai Sheun ("Mr Or"), the chairman of the Board and an Executive Director of the Company, will cease to act as the chairman of the Nomination Committee; (2) Mr. Hsu Duff Karman ("Mr Hsu"), an Independent Non-executive Director of the Company, will be re-designated from a member of the Nomination Committee to its chairman; and (3) Ms Ng Chi Man ("Ms Ng"), a Non-executive Director of the Company, will act as a member of the Nomination Committee.공시 • Mar 22Kowloon Development Company Limited Proposes Ordinary Final Cash Dividend for the Year Ended 31 December 2024, Payable on 09 July 2025Kowloon Development Company Limited proposed ordinary final cash dividend of HKD 0.12 per share for the year ended 31 December 2024, payable on 09 July 2025. Record date is 17 June 2025. Ex-dividend date is 12 June 2025. Date of shareholders' approval is 04 June 2025.공시 • Mar 21Kowloon Development Company Limited, Annual General Meeting, Jun 04, 2025Kowloon Development Company Limited, Annual General Meeting, Jun 04, 2025.공시 • Mar 07Kowloon Development Company Limited to Report Fiscal Year 2024 Results on Mar 21, 2025Kowloon Development Company Limited announced that they will report fiscal year 2024 results on Mar 21, 2025Reported Earnings • Sep 30First half 2024 earnings released: EPS: HK$0.087 (vs HK$0.14 in 1H 2023)First half 2024 results: EPS: HK$0.087 (down from HK$0.14 in 1H 2023). Revenue: HK$1.94b (up 52% from 1H 2023). Net income: HK$113.5m (down 39% from 1H 2023). Profit margin: 5.8% (down from 14% in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.New Risk • Sep 10New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.1% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 23% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (301% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.4% net profit margin).Declared Dividend • Sep 02Dividend of HK$0.10 announcedShareholders will receive a dividend of HK$0.10. Ex-date: 12th December 2024 Payment date: 8th January 2025 Dividend yield will be 30%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (301% earnings payout ratio). However, it is covered by cash flows (67% cash payout ratio). The dividend has increased by an average of 3.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 235% to bring the payout ratio under control. However, EPS has declined by 38% over the last 5 years so the company would need to reverse this trend.Reported Earnings • Aug 26First half 2024 earnings released: EPS: HK$0.087 (vs HK$0.14 in 1H 2023)First half 2024 results: EPS: HK$0.087 (down from HK$0.14 in 1H 2023). Revenue: HK$1.94b (up 52% from 1H 2023). Net income: HK$113.5m (down 39% from 1H 2023). Profit margin: 5.8% (down from 14% in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.공시 • Aug 09Kowloon Development Company Limited to Report First Half, 2024 Results on Aug 23, 2024Kowloon Development Company Limited announced that they will report first half, 2024 results on Aug 23, 2024New Risk • Jul 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.1% operating cash flow to total debt). Earnings have declined by 18% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (290% payout ratio). Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (11% net profit margin).공시 • Jun 06Kowloon Development Company Limited Declares Final Dividend for the Year Ended 31 December 2023Kowloon Development Company Limited at its AGM held on June 5, 2024, declared a final dividend of HKD 0.57 per share for the year ended 31 December 2023 (payable wholly in the form of new fully paid shares of the Company).New Risk • Mar 27New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 290% Dividend yield: 17% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.6% operating cash flow to total debt). Earnings have declined by 18% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (290% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (11% net profit margin).Reported Earnings • Mar 24Full year 2023 earnings released: EPS: HK$0.29 (vs HK$1.03 in FY 2022)Full year 2023 results: EPS: HK$0.29 (down from HK$1.03 in FY 2022). Revenue: HK$2.94b (down 36% from FY 2022). Net income: HK$337.2m (down 72% from FY 2022). Profit margin: 12% (down from 27% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.공시 • Mar 22Kowloon Development Company Limited, Annual General Meeting, Jun 05, 2024Kowloon Development Company Limited, Annual General Meeting, Jun 05, 2024, at 10:00 China Standard Time. Location: 9th Floor, Pioneer Centre, 750 Nathan Road Kowloon Kowloon Hong Kong공시 • Mar 09Kowloon Development Company Limited to Report Fiscal Year 2023 Results on Mar 22, 2024Kowloon Development Company Limited announced that they will report fiscal year 2023 results on Mar 22, 2024New Risk • Feb 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.0% operating cash flow to total debt). Earnings have declined by 14% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (24% net profit margin).Recent Insider Transactions • Jan 12Chairman & CEO recently bought €148k worth of stockOn the 5th of January, Wai Sheun Or bought around 210k shares on-market at roughly €0.71 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €379k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €20m worth in shares.Recent Insider Transactions • Dec 26Chairman & CEO recently bought €179k worth of stockOn the 18th of December, Wai Sheun Or bought around 260k shares on-market at roughly €0.69 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €379k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €19m worth in shares.Recent Insider Transactions • Dec 19Chairman & CEO recently bought €227k worth of stockOn the 12th of December, Wai Sheun Or bought around 320k shares on-market at roughly €0.71 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €379k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €17m worth in shares.Upcoming Dividend • Dec 08Upcoming dividend of HK$0.26 per share at 14% yieldEligible shareholders must have bought the stock before 15 December 2023. Payment date: 09 January 2024. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 14%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (3.3%).Recent Insider Transactions • Nov 29Chairman & CEO recently bought €256k worth of stockOn the 20th of November, Wai Sheun Or bought around 330k shares on-market at roughly €0.77 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €277k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €14m worth in shares.Recent Insider Transactions • Nov 19Chairman & CEO recently bought €256k worth of stockOn the 13th of November, Wai Sheun Or bought around 320k shares on-market at roughly €0.80 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €277k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €13m worth in shares.Recent Insider Transactions • Oct 31Chairman & CEO recently bought €245k worth of stockOn the 24th of October, Wai Sheun Or bought around 296k shares on-market at roughly €0.83 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €277k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €11m worth in shares.Recent Insider Transactions • Oct 25Chairman & CEO recently bought €167k worth of stockOn the 16th of October, Wai Sheun Or bought around 200k shares on-market at roughly €0.84 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €271k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €9.7m worth in shares.Recent Insider Transactions • Oct 18Chairman & CEO recently bought €222k worth of stockOn the 11th of October, Wai Sheun Or bought around 265k shares on-market at roughly €0.84 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €270k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €9.7m worth in shares.Recent Insider Transactions • Oct 10Chairman & CEO recently bought €132k worth of stockOn the 3rd of October, Wai Sheun Or bought around 160k shares on-market at roughly €0.82 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €456k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €11m worth in shares.Recent Insider Transactions • Oct 05Chairman & CEO recently bought €270k worth of stockOn the 26th of September, Wai Sheun Or bought around 320k shares on-market at roughly €0.84 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €456k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €11m worth in shares.Recent Insider Transactions • Sep 26Chairman & CEO recently bought €134k worth of stockOn the 19th of September, Wai Sheun Or bought around 160k shares on-market at roughly €0.84 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €456k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €12m worth in shares.공시 • Aug 20Kowloon Development Company Limited Announces Interim Dividend for the Six Months Ended 30 June 2023, Payable on 09 January 2024Kowloon Development Company Limited announced the interim dividend of HKD 0.26 per share for the Six Months ended 30 June 2023. Ex-dividend date is on 15 December 2023 with Record date is on 20 December 2023. Payment date is on 09 January 2024.Reported Earnings • Aug 20First half 2023 earnings released: EPS: HK$0.16 (vs HK$0.13 in 1H 2022)First half 2023 results: EPS: HK$0.16 (up from HK$0.13 in 1H 2022). Revenue: HK$1.28b (up 76% from 1H 2022). Net income: HK$184.5m (up 21% from 1H 2022). Profit margin: 14% (down from 21% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.공시 • Aug 05Kowloon Development Company Limited to Report Q2, 2023 Results on Aug 18, 2023Kowloon Development Company Limited announced that they will report Q2, 2023 results on Aug 18, 2023Recent Insider Transactions • Jul 26Chairman & CEO recently bought €456k worth of stockOn the 18th of July, Wai Sheun Or bought around 500k shares on-market at roughly €0.91 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €13m worth in shares.Recent Insider Transactions • Jul 16Chairman & CEO recently bought €236k worth of stockOn the 10th of July, Wai Sheun Or bought around 250k shares on-market at roughly €0.95 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €11m worth in shares.Upcoming Dividend • Jun 08Upcoming dividend of HK$0.57 per share at 9.2% yieldEligible shareholders must have bought the stock before 15 June 2023. Payment date: 05 July 2023. Payout ratio is on the higher end at 80% but the company is not cash flow positive. Trailing yield: 9.2%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.5%).Recent Insider Transactions • Jun 05Chairman & CEO recently bought €102k worth of stockOn the 29th of May, Wai Sheun Or bought around 100k shares on-market at roughly €1.02 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €122k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €8.2m worth in shares.Recent Insider Transactions • May 14Chairman & CEO recently bought €99k worth of stockOn the 5th of May, Wai Sheun Or bought around 100k shares on-market at roughly €0.99 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €6.7m worth in shares.Reported Earnings • Mar 30Full year 2022 earnings released: EPS: HK$1.03 (vs HK$1.88 in FY 2021)Full year 2022 results: EPS: HK$1.03 (down from HK$1.88 in FY 2021). Revenue: HK$4.58b (up 124% from FY 2021). Net income: HK$1.21b (down 45% from FY 2021). Profit margin: 27% (down from 108% in FY 2021). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Buying Opportunity • Dec 17Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 23%. The fair value is estimated to be €1.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 56% over the last 3 years. Earnings per share has declined by 15%.Upcoming Dividend • Dec 09Upcoming dividend of HK$0.26 per shareEligible shareholders must have bought the stock before 16 December 2022. Payment date: 04 January 2023. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 11%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (6.0%).Recent Insider Transactions • Nov 17Chairman & CEO recently bought €89k worth of stockOn the 15th of November, Wai Sheun Or bought around 100k shares on-market at roughly €0.89 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €426k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €6.6m worth in shares.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 1 experienced director. 8 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Non-Executive Director Duff Karman Hsu was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Recent Insider Transactions • Nov 04Chairman & CEO recently bought €64k worth of stockOn the 26th of October, Wai Sheun Or bought around 70k shares on-market at roughly €0.92 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €426k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €6.5m worth in shares.Recent Insider Transactions • Oct 25Chairman & CEO recently bought €378k worth of stockOn the 17th of October, Wai Sheun Or bought around 340k shares on-market at roughly €1.11 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €426k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €6.2m worth in shares.Recent Insider Transactions • Oct 18Chairman & CEO recently bought €426k worth of stockOn the 12th of October, Wai Sheun Or bought around 370k shares on-market at roughly €1.15 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €5.1m worth in shares.Recent Insider Transactions • Oct 11Chairman & CEO recently bought €306k worth of stockOn the 7th of October, Wai Sheun Or bought around 260k shares on-market at roughly €1.18 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €318k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €3.1m worth in shares.Recent Insider Transactions • Sep 25Chairman & CEO recently bought €166k worth of stockOn the 21st of September, Wai Sheun Or bought around 140k shares on-market at roughly €1.19 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €307k worth in shares.Reported Earnings • Aug 18First half 2022 earnings released: EPS: HK$0.13 (vs HK$0.53 in 1H 2021)First half 2022 results: EPS: HK$0.13 (down from HK$0.53 in 1H 2021). Revenue: HK$723.6m (down 27% from 1H 2021). Net income: HK$152.2m (down 75% from 1H 2021). Profit margin: 21% (down from 62% in 1H 2021). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.공시 • Aug 18Kowloon Development Company Limited Announces Interim Dividend for the Six Months Ended 30 June 2022, Payment Date Is 04 January 2023Kowloon Development Company Limited announced Interim Dividend of HKD 0.26 per share for the Six Months ended 30 June 2022. Ex-dividend date is 16 December 2022. Record date is 21 December 2022. Payment date is 04 January 2023.공시 • Jul 30+ 1 more updateKowloon Development Company Limited Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2022Kowloon Development Company Limited provided consolidated earnings guidance for the six months ended June 30, 2022. For the six months, the Group is expected to record a significant decrease in profit attributable to shareholders of the company in the range of 70% to 80% as compared to that of the corresponding period in 2021, which was mainly due to the decrease in net fair value gains on investment properties in Hong Kong.공시 • Jun 25Kowloon Development Company Limited Announces Executive ChangesKowloon Development Company Limited announced that Mr. Lee Kuen Chiu has resigned as the Company Secretary and an authorised representative of the Company with effect from 24 June 2022. Ms. Tse Wah Ting, Wendy has been appointed as the Company Secretary and an authorised representative of the Company with effect from 24 June 2022. Ms. Tse holds a Master of Laws degree in Chinese Business Law from The Chinese University of Hong Kong and a Bachelor of Laws degree from the University of London. She is an associate member of The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom. Ms Tse joined the Company as the Assistant Company Secretary in October 2006 and has over 20 years of practical experience in the company secretarial field for Hong Kong listed companies.Upcoming Dividend • Jun 14Upcoming dividend of HK$0.57 per shareEligible shareholders must have bought the stock before 21 June 2022. Payment date: 06 July 2022. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 7.9%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (4.5%).공시 • Jun 09Kowloon Development Company Limited Appoints Lok Kung Chin, Hardy as Chairman of the Remuneration CommitteeKowloon Development Company Limited announced that Mr. Lok Kung Chin, Hardy, an Independent Non-executive Director of the Company, has been appointed as the chairman of the RemunerationCommittee of the Company to fill up the vacancy as a result of the retirement of M.r Seto Gin Chung, John with effect from the conclusion of the AGM.Reported Earnings • Apr 28Full year 2021 earnings released: EPS: HK$1.88 (vs HK$0.50 in FY 2020)Full year 2021 results: EPS: HK$1.88 (up from HK$0.50 in FY 2020). Revenue: HK$2.05b (down 56% from FY 2020). Net income: HK$2.21b (up 274% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 9 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Non-Executive Director David John Shaw was the last independent director to join the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Feb 27Kowloon Development Company Limited Provides Consolidated Earnings Guidance for the Year Ended 31 December 2021Kowloon Development Company Limited provided consolidated earnings guidance for the year ended 31 December 2021. The Board of the company informed the shareholders of the Company and potential investors that, based on a preliminary review of the draft unaudited consolidated management accounts of the Group for the year ended 31 December 2021, the Group is expected to record a significant increase in net profit attributable to shareholders of the Company in the range of 170% to 180% for the year ended 31 December 2021 as compared to that of the corresponding period in 2020, which was mainly due to the significant net fair value gains on investment properties in Hong Kong arising from the acceptance of the land premium offered by the Government of the Hong Kong Special Administrative Region with regard to an investment property under development located at No. 35 Clear Water Bay Road, Ngau Chi Wan, partially offset by provision for financial investments.Upcoming Dividend • Nov 04Upcoming dividend of HK$0.25 per shareEligible shareholders must have bought the stock before 11 November 2021. Payment date: 01 December 2021. Trailing yield: 7.7%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.0%).Reported Earnings • Sep 26First half 2021 earnings released: EPS HK$0.53 (vs HK$0.43 in 1H 2020)The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: HK$995.6m (down 71% from 1H 2020). Net income: HK$619.3m (up 23% from 1H 2020). Profit margin: 62% (up from 15% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Reported Earnings • Aug 21First half 2021 earnings released: EPS HK$0.53 (vs HK$0.49 in 1H 2020)The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: HK$995.6m (down 73% from 1H 2020). Net income: HK$619.3m (up 7.6% from 1H 2020). Profit margin: 62% (up from 15% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Jun 01Upcoming dividend of HK$0.56 per shareEligible shareholders must have bought the stock before 07 June 2021. Payment date: 25 June 2021. Trailing yield: 8.4%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.9%).공시 • Mar 18Kowloon Development Company Limited to Report Fiscal Year 2020 Results on Mar 31, 2021Kowloon Development Company Limited announced that they will report fiscal year 2020 results on Mar 31, 2021Is New 90 Day High Low • Mar 09New 90-day high: €0.93The company is up 20% from its price of €0.78 on 09 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 3.0% over the same period.Is New 90 Day High Low • Feb 10New 90-day high: €0.91The company is up 14% from its price of €0.80 on 11 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 3.0% over the same period.Is New 90 Day High Low • Jan 08New 90-day high: €0.84The company is up 1.0% from its price of €0.83 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Real Estate industry, which is also up 1.0% over the same period.Is New 90 Day High Low • Dec 18New 90-day low: €0.77The company is down 23% from its price of €0.99 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 2.0% over the same period.Is New 90 Day High Low • Oct 29New 90-day low: €0.81The company is down 9.0% from its price of €0.90 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 3.0% over the same period.Is New 90 Day High Low • Oct 07New 90-day high: €1.04The company is up 9.0% from its price of €0.95 on 09 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 4.0% over the same period.Reported Earnings • Sep 26First half earnings releasedOver the last 12 months the company has reported total profits of HK$1.17b, down 61% from the prior year. Total revenue was HK$9.69b over the last 12 months, up 24% from the prior year.공시 • Aug 06Kowloon Development Company Limited to Report First Half, 2020 Results on Aug 19, 2020Kowloon Development Company Limited announced that they will report first half, 2020 results on Aug 19, 2020지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: KOX 의 배당금 지급은 지난 10 년 동안 휘발성이었습니다.배당금 증가: KOX 의 배당금 지급액은 지난 10 년 동안 감소했습니다.배당 수익률 vs 시장Kowloon Development 배당 수익률 vs 시장KOX의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (KOX)4.9%시장 하위 25% (DE)1.5%시장 상위 25% (DE)4.7%업계 평균 (Real Estate)4.1%분석가 예측 (KOX) (최대 3년)n/a주목할만한 배당금: KOX 의 배당금( 4.88% )은 German 시장에서 배당금 지급자의 하위 25%( 1.51% )보다 높습니다.고배당: KOX 의 배당금( 4.88% )은 German 시장( 4.69% )주주 대상 이익 배당수익 보장: 지급 비율 ( 240.1% )이 높기 때문에 KOX 의 배당금 지급은 수익으로 잘 충당되지 않습니다.주주 현금 배당현금 흐름 범위: 현금 지급 비율 ( 21.5% )이 낮기 때문에 KOX 의 배당금 지급은 현금 흐름으로 잘 충당됩니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YDE 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/12 11:07종가2026/07/10 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Kowloon Development Company Limited는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Sylvia WongUOB Kay Hian Research Pte Ltd
Upcoming Dividend • Jun 04Upcoming dividend of HK$0.14 per shareEligible shareholders must have bought the stock before 11 June 2026. Payment date: 08 July 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.7%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (4.1%).
Declared Dividend • May 20Final dividend of HK$0.14 announcedShareholders will receive a dividend of HK$0.14. Ex-date: 11th June 2026 Payment date: 8th July 2026 Dividend yield will be 31%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (240% earnings payout ratio). However, it is well covered by cash flows (22% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 167% to bring the payout ratio under control. However, EPS has declined by 26% over the last 5 years so the company would need to reverse this trend.
공시 • Aug 23Kowloon Development Company Limited Declares Ordinary Interim (Semi-Annual) Cash Dividend for the Six Months Ended 30 June 2025, Payable on 7 January 2026The Board of Directors of Kowloon Development Company Limited has declared ordinary interim (semi-annual) cash dividend of HKD 0.10 per share for the six months ended 30 June 2025 (2024: HKD 0.10). The interim dividend will be payable on 7 January 2026 to shareholders whose names appear on the register of members of the Company on 16 December 2025. Ex-dividend date is 11 December 2025.
공시 • Mar 22Kowloon Development Company Limited Proposes Ordinary Final Cash Dividend for the Year Ended 31 December 2024, Payable on 09 July 2025Kowloon Development Company Limited proposed ordinary final cash dividend of HKD 0.12 per share for the year ended 31 December 2024, payable on 09 July 2025. Record date is 17 June 2025. Ex-dividend date is 12 June 2025. Date of shareholders' approval is 04 June 2025.
Declared Dividend • Sep 02Dividend of HK$0.10 announcedShareholders will receive a dividend of HK$0.10. Ex-date: 12th December 2024 Payment date: 8th January 2025 Dividend yield will be 30%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (301% earnings payout ratio). However, it is covered by cash flows (67% cash payout ratio). The dividend has increased by an average of 3.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 235% to bring the payout ratio under control. However, EPS has declined by 38% over the last 5 years so the company would need to reverse this trend.
공시 • Jun 06Kowloon Development Company Limited Declares Final Dividend for the Year Ended 31 December 2023Kowloon Development Company Limited at its AGM held on June 5, 2024, declared a final dividend of HKD 0.57 per share for the year ended 31 December 2023 (payable wholly in the form of new fully paid shares of the Company).
Upcoming Dividend • Jun 04Upcoming dividend of HK$0.14 per shareEligible shareholders must have bought the stock before 11 June 2026. Payment date: 08 July 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.7%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (4.1%).
Declared Dividend • May 20Final dividend of HK$0.14 announcedShareholders will receive a dividend of HK$0.14. Ex-date: 11th June 2026 Payment date: 8th July 2026 Dividend yield will be 31%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (240% earnings payout ratio). However, it is well covered by cash flows (22% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 167% to bring the payout ratio under control. However, EPS has declined by 26% over the last 5 years so the company would need to reverse this trend.
Board Change • May 20Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Duff Karman Hsu was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Mar 20Kowloon Development Company Limited, Annual General Meeting, Jun 03, 2026Kowloon Development Company Limited, Annual General Meeting, Jun 03, 2026.
공시 • Mar 06Kowloon Development Company Limited to Report Fiscal Year 2025 Results on Mar 20, 2026Kowloon Development Company Limited announced that they will report fiscal year 2025 results on Mar 20, 2026
공시 • Aug 23Kowloon Development Company Limited Declares Ordinary Interim (Semi-Annual) Cash Dividend for the Six Months Ended 30 June 2025, Payable on 7 January 2026The Board of Directors of Kowloon Development Company Limited has declared ordinary interim (semi-annual) cash dividend of HKD 0.10 per share for the six months ended 30 June 2025 (2024: HKD 0.10). The interim dividend will be payable on 7 January 2026 to shareholders whose names appear on the register of members of the Company on 16 December 2025. Ex-dividend date is 11 December 2025.
공시 • Aug 09Kowloon Development Company Limited to Report First Half, 2025 Results on Aug 22, 2025Kowloon Development Company Limited announced that they will report first half, 2025 results on Aug 22, 2025
공시 • Jun 29Kowloon Development Company Limited Announces Changes in Composition of Nomination Committee, Effect from 1 July 2025The board of directors of Kowloon Development Company Limited announced the following changes in the composition of the Nomination Committee of the Company (the "Nomination Committee") with effect from 1 July 2025: (1) Mr. Or Wai Sheun ("Mr Or"), the chairman of the Board and an Executive Director of the Company, will cease to act as the chairman of the Nomination Committee; (2) Mr. Hsu Duff Karman ("Mr Hsu"), an Independent Non-executive Director of the Company, will be re-designated from a member of the Nomination Committee to its chairman; and (3) Ms Ng Chi Man ("Ms Ng"), a Non-executive Director of the Company, will act as a member of the Nomination Committee.
공시 • Mar 22Kowloon Development Company Limited Proposes Ordinary Final Cash Dividend for the Year Ended 31 December 2024, Payable on 09 July 2025Kowloon Development Company Limited proposed ordinary final cash dividend of HKD 0.12 per share for the year ended 31 December 2024, payable on 09 July 2025. Record date is 17 June 2025. Ex-dividend date is 12 June 2025. Date of shareholders' approval is 04 June 2025.
공시 • Mar 21Kowloon Development Company Limited, Annual General Meeting, Jun 04, 2025Kowloon Development Company Limited, Annual General Meeting, Jun 04, 2025.
공시 • Mar 07Kowloon Development Company Limited to Report Fiscal Year 2024 Results on Mar 21, 2025Kowloon Development Company Limited announced that they will report fiscal year 2024 results on Mar 21, 2025
Reported Earnings • Sep 30First half 2024 earnings released: EPS: HK$0.087 (vs HK$0.14 in 1H 2023)First half 2024 results: EPS: HK$0.087 (down from HK$0.14 in 1H 2023). Revenue: HK$1.94b (up 52% from 1H 2023). Net income: HK$113.5m (down 39% from 1H 2023). Profit margin: 5.8% (down from 14% in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.
New Risk • Sep 10New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.1% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 23% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (301% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.4% net profit margin).
Declared Dividend • Sep 02Dividend of HK$0.10 announcedShareholders will receive a dividend of HK$0.10. Ex-date: 12th December 2024 Payment date: 8th January 2025 Dividend yield will be 30%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (301% earnings payout ratio). However, it is covered by cash flows (67% cash payout ratio). The dividend has increased by an average of 3.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 235% to bring the payout ratio under control. However, EPS has declined by 38% over the last 5 years so the company would need to reverse this trend.
Reported Earnings • Aug 26First half 2024 earnings released: EPS: HK$0.087 (vs HK$0.14 in 1H 2023)First half 2024 results: EPS: HK$0.087 (down from HK$0.14 in 1H 2023). Revenue: HK$1.94b (up 52% from 1H 2023). Net income: HK$113.5m (down 39% from 1H 2023). Profit margin: 5.8% (down from 14% in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.
공시 • Aug 09Kowloon Development Company Limited to Report First Half, 2024 Results on Aug 23, 2024Kowloon Development Company Limited announced that they will report first half, 2024 results on Aug 23, 2024
New Risk • Jul 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.1% operating cash flow to total debt). Earnings have declined by 18% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (290% payout ratio). Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (11% net profit margin).
공시 • Jun 06Kowloon Development Company Limited Declares Final Dividend for the Year Ended 31 December 2023Kowloon Development Company Limited at its AGM held on June 5, 2024, declared a final dividend of HKD 0.57 per share for the year ended 31 December 2023 (payable wholly in the form of new fully paid shares of the Company).
New Risk • Mar 27New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 290% Dividend yield: 17% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.6% operating cash flow to total debt). Earnings have declined by 18% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (290% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (11% net profit margin).
Reported Earnings • Mar 24Full year 2023 earnings released: EPS: HK$0.29 (vs HK$1.03 in FY 2022)Full year 2023 results: EPS: HK$0.29 (down from HK$1.03 in FY 2022). Revenue: HK$2.94b (down 36% from FY 2022). Net income: HK$337.2m (down 72% from FY 2022). Profit margin: 12% (down from 27% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.
공시 • Mar 22Kowloon Development Company Limited, Annual General Meeting, Jun 05, 2024Kowloon Development Company Limited, Annual General Meeting, Jun 05, 2024, at 10:00 China Standard Time. Location: 9th Floor, Pioneer Centre, 750 Nathan Road Kowloon Kowloon Hong Kong
공시 • Mar 09Kowloon Development Company Limited to Report Fiscal Year 2023 Results on Mar 22, 2024Kowloon Development Company Limited announced that they will report fiscal year 2023 results on Mar 22, 2024
New Risk • Feb 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.0% operating cash flow to total debt). Earnings have declined by 14% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (24% net profit margin).
Recent Insider Transactions • Jan 12Chairman & CEO recently bought €148k worth of stockOn the 5th of January, Wai Sheun Or bought around 210k shares on-market at roughly €0.71 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €379k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €20m worth in shares.
Recent Insider Transactions • Dec 26Chairman & CEO recently bought €179k worth of stockOn the 18th of December, Wai Sheun Or bought around 260k shares on-market at roughly €0.69 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €379k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €19m worth in shares.
Recent Insider Transactions • Dec 19Chairman & CEO recently bought €227k worth of stockOn the 12th of December, Wai Sheun Or bought around 320k shares on-market at roughly €0.71 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €379k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €17m worth in shares.
Upcoming Dividend • Dec 08Upcoming dividend of HK$0.26 per share at 14% yieldEligible shareholders must have bought the stock before 15 December 2023. Payment date: 09 January 2024. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 14%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (3.3%).
Recent Insider Transactions • Nov 29Chairman & CEO recently bought €256k worth of stockOn the 20th of November, Wai Sheun Or bought around 330k shares on-market at roughly €0.77 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €277k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €14m worth in shares.
Recent Insider Transactions • Nov 19Chairman & CEO recently bought €256k worth of stockOn the 13th of November, Wai Sheun Or bought around 320k shares on-market at roughly €0.80 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €277k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €13m worth in shares.
Recent Insider Transactions • Oct 31Chairman & CEO recently bought €245k worth of stockOn the 24th of October, Wai Sheun Or bought around 296k shares on-market at roughly €0.83 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €277k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €11m worth in shares.
Recent Insider Transactions • Oct 25Chairman & CEO recently bought €167k worth of stockOn the 16th of October, Wai Sheun Or bought around 200k shares on-market at roughly €0.84 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €271k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €9.7m worth in shares.
Recent Insider Transactions • Oct 18Chairman & CEO recently bought €222k worth of stockOn the 11th of October, Wai Sheun Or bought around 265k shares on-market at roughly €0.84 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €270k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €9.7m worth in shares.
Recent Insider Transactions • Oct 10Chairman & CEO recently bought €132k worth of stockOn the 3rd of October, Wai Sheun Or bought around 160k shares on-market at roughly €0.82 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €456k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €11m worth in shares.
Recent Insider Transactions • Oct 05Chairman & CEO recently bought €270k worth of stockOn the 26th of September, Wai Sheun Or bought around 320k shares on-market at roughly €0.84 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €456k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €11m worth in shares.
Recent Insider Transactions • Sep 26Chairman & CEO recently bought €134k worth of stockOn the 19th of September, Wai Sheun Or bought around 160k shares on-market at roughly €0.84 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €456k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €12m worth in shares.
공시 • Aug 20Kowloon Development Company Limited Announces Interim Dividend for the Six Months Ended 30 June 2023, Payable on 09 January 2024Kowloon Development Company Limited announced the interim dividend of HKD 0.26 per share for the Six Months ended 30 June 2023. Ex-dividend date is on 15 December 2023 with Record date is on 20 December 2023. Payment date is on 09 January 2024.
Reported Earnings • Aug 20First half 2023 earnings released: EPS: HK$0.16 (vs HK$0.13 in 1H 2022)First half 2023 results: EPS: HK$0.16 (up from HK$0.13 in 1H 2022). Revenue: HK$1.28b (up 76% from 1H 2022). Net income: HK$184.5m (up 21% from 1H 2022). Profit margin: 14% (down from 21% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
공시 • Aug 05Kowloon Development Company Limited to Report Q2, 2023 Results on Aug 18, 2023Kowloon Development Company Limited announced that they will report Q2, 2023 results on Aug 18, 2023
Recent Insider Transactions • Jul 26Chairman & CEO recently bought €456k worth of stockOn the 18th of July, Wai Sheun Or bought around 500k shares on-market at roughly €0.91 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €13m worth in shares.
Recent Insider Transactions • Jul 16Chairman & CEO recently bought €236k worth of stockOn the 10th of July, Wai Sheun Or bought around 250k shares on-market at roughly €0.95 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €11m worth in shares.
Upcoming Dividend • Jun 08Upcoming dividend of HK$0.57 per share at 9.2% yieldEligible shareholders must have bought the stock before 15 June 2023. Payment date: 05 July 2023. Payout ratio is on the higher end at 80% but the company is not cash flow positive. Trailing yield: 9.2%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.5%).
Recent Insider Transactions • Jun 05Chairman & CEO recently bought €102k worth of stockOn the 29th of May, Wai Sheun Or bought around 100k shares on-market at roughly €1.02 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €122k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €8.2m worth in shares.
Recent Insider Transactions • May 14Chairman & CEO recently bought €99k worth of stockOn the 5th of May, Wai Sheun Or bought around 100k shares on-market at roughly €0.99 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €6.7m worth in shares.
Reported Earnings • Mar 30Full year 2022 earnings released: EPS: HK$1.03 (vs HK$1.88 in FY 2021)Full year 2022 results: EPS: HK$1.03 (down from HK$1.88 in FY 2021). Revenue: HK$4.58b (up 124% from FY 2021). Net income: HK$1.21b (down 45% from FY 2021). Profit margin: 27% (down from 108% in FY 2021). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Buying Opportunity • Dec 17Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 23%. The fair value is estimated to be €1.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 56% over the last 3 years. Earnings per share has declined by 15%.
Upcoming Dividend • Dec 09Upcoming dividend of HK$0.26 per shareEligible shareholders must have bought the stock before 16 December 2022. Payment date: 04 January 2023. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 11%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (6.0%).
Recent Insider Transactions • Nov 17Chairman & CEO recently bought €89k worth of stockOn the 15th of November, Wai Sheun Or bought around 100k shares on-market at roughly €0.89 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €426k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €6.6m worth in shares.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 1 experienced director. 8 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Non-Executive Director Duff Karman Hsu was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Recent Insider Transactions • Nov 04Chairman & CEO recently bought €64k worth of stockOn the 26th of October, Wai Sheun Or bought around 70k shares on-market at roughly €0.92 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €426k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €6.5m worth in shares.
Recent Insider Transactions • Oct 25Chairman & CEO recently bought €378k worth of stockOn the 17th of October, Wai Sheun Or bought around 340k shares on-market at roughly €1.11 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €426k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €6.2m worth in shares.
Recent Insider Transactions • Oct 18Chairman & CEO recently bought €426k worth of stockOn the 12th of October, Wai Sheun Or bought around 370k shares on-market at roughly €1.15 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €5.1m worth in shares.
Recent Insider Transactions • Oct 11Chairman & CEO recently bought €306k worth of stockOn the 7th of October, Wai Sheun Or bought around 260k shares on-market at roughly €1.18 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €318k. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €3.1m worth in shares.
Recent Insider Transactions • Sep 25Chairman & CEO recently bought €166k worth of stockOn the 21st of September, Wai Sheun Or bought around 140k shares on-market at roughly €1.19 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Wai Sheun has been a buyer over the last 12 months, purchasing a net total of €307k worth in shares.
Reported Earnings • Aug 18First half 2022 earnings released: EPS: HK$0.13 (vs HK$0.53 in 1H 2021)First half 2022 results: EPS: HK$0.13 (down from HK$0.53 in 1H 2021). Revenue: HK$723.6m (down 27% from 1H 2021). Net income: HK$152.2m (down 75% from 1H 2021). Profit margin: 21% (down from 62% in 1H 2021). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
공시 • Aug 18Kowloon Development Company Limited Announces Interim Dividend for the Six Months Ended 30 June 2022, Payment Date Is 04 January 2023Kowloon Development Company Limited announced Interim Dividend of HKD 0.26 per share for the Six Months ended 30 June 2022. Ex-dividend date is 16 December 2022. Record date is 21 December 2022. Payment date is 04 January 2023.
공시 • Jul 30+ 1 more updateKowloon Development Company Limited Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2022Kowloon Development Company Limited provided consolidated earnings guidance for the six months ended June 30, 2022. For the six months, the Group is expected to record a significant decrease in profit attributable to shareholders of the company in the range of 70% to 80% as compared to that of the corresponding period in 2021, which was mainly due to the decrease in net fair value gains on investment properties in Hong Kong.
공시 • Jun 25Kowloon Development Company Limited Announces Executive ChangesKowloon Development Company Limited announced that Mr. Lee Kuen Chiu has resigned as the Company Secretary and an authorised representative of the Company with effect from 24 June 2022. Ms. Tse Wah Ting, Wendy has been appointed as the Company Secretary and an authorised representative of the Company with effect from 24 June 2022. Ms. Tse holds a Master of Laws degree in Chinese Business Law from The Chinese University of Hong Kong and a Bachelor of Laws degree from the University of London. She is an associate member of The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom. Ms Tse joined the Company as the Assistant Company Secretary in October 2006 and has over 20 years of practical experience in the company secretarial field for Hong Kong listed companies.
Upcoming Dividend • Jun 14Upcoming dividend of HK$0.57 per shareEligible shareholders must have bought the stock before 21 June 2022. Payment date: 06 July 2022. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 7.9%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (4.5%).
공시 • Jun 09Kowloon Development Company Limited Appoints Lok Kung Chin, Hardy as Chairman of the Remuneration CommitteeKowloon Development Company Limited announced that Mr. Lok Kung Chin, Hardy, an Independent Non-executive Director of the Company, has been appointed as the chairman of the RemunerationCommittee of the Company to fill up the vacancy as a result of the retirement of M.r Seto Gin Chung, John with effect from the conclusion of the AGM.
Reported Earnings • Apr 28Full year 2021 earnings released: EPS: HK$1.88 (vs HK$0.50 in FY 2020)Full year 2021 results: EPS: HK$1.88 (up from HK$0.50 in FY 2020). Revenue: HK$2.05b (down 56% from FY 2020). Net income: HK$2.21b (up 274% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 9 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Non-Executive Director David John Shaw was the last independent director to join the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Feb 27Kowloon Development Company Limited Provides Consolidated Earnings Guidance for the Year Ended 31 December 2021Kowloon Development Company Limited provided consolidated earnings guidance for the year ended 31 December 2021. The Board of the company informed the shareholders of the Company and potential investors that, based on a preliminary review of the draft unaudited consolidated management accounts of the Group for the year ended 31 December 2021, the Group is expected to record a significant increase in net profit attributable to shareholders of the Company in the range of 170% to 180% for the year ended 31 December 2021 as compared to that of the corresponding period in 2020, which was mainly due to the significant net fair value gains on investment properties in Hong Kong arising from the acceptance of the land premium offered by the Government of the Hong Kong Special Administrative Region with regard to an investment property under development located at No. 35 Clear Water Bay Road, Ngau Chi Wan, partially offset by provision for financial investments.
Upcoming Dividend • Nov 04Upcoming dividend of HK$0.25 per shareEligible shareholders must have bought the stock before 11 November 2021. Payment date: 01 December 2021. Trailing yield: 7.7%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.0%).
Reported Earnings • Sep 26First half 2021 earnings released: EPS HK$0.53 (vs HK$0.43 in 1H 2020)The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: HK$995.6m (down 71% from 1H 2020). Net income: HK$619.3m (up 23% from 1H 2020). Profit margin: 62% (up from 15% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 21First half 2021 earnings released: EPS HK$0.53 (vs HK$0.49 in 1H 2020)The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: HK$995.6m (down 73% from 1H 2020). Net income: HK$619.3m (up 7.6% from 1H 2020). Profit margin: 62% (up from 15% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Jun 01Upcoming dividend of HK$0.56 per shareEligible shareholders must have bought the stock before 07 June 2021. Payment date: 25 June 2021. Trailing yield: 8.4%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.9%).
공시 • Mar 18Kowloon Development Company Limited to Report Fiscal Year 2020 Results on Mar 31, 2021Kowloon Development Company Limited announced that they will report fiscal year 2020 results on Mar 31, 2021
Is New 90 Day High Low • Mar 09New 90-day high: €0.93The company is up 20% from its price of €0.78 on 09 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 3.0% over the same period.
Is New 90 Day High Low • Feb 10New 90-day high: €0.91The company is up 14% from its price of €0.80 on 11 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 3.0% over the same period.
Is New 90 Day High Low • Jan 08New 90-day high: €0.84The company is up 1.0% from its price of €0.83 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Real Estate industry, which is also up 1.0% over the same period.
Is New 90 Day High Low • Dec 18New 90-day low: €0.77The company is down 23% from its price of €0.99 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 2.0% over the same period.
Is New 90 Day High Low • Oct 29New 90-day low: €0.81The company is down 9.0% from its price of €0.90 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 3.0% over the same period.
Is New 90 Day High Low • Oct 07New 90-day high: €1.04The company is up 9.0% from its price of €0.95 on 09 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 4.0% over the same period.
Reported Earnings • Sep 26First half earnings releasedOver the last 12 months the company has reported total profits of HK$1.17b, down 61% from the prior year. Total revenue was HK$9.69b over the last 12 months, up 24% from the prior year.
공시 • Aug 06Kowloon Development Company Limited to Report First Half, 2020 Results on Aug 19, 2020Kowloon Development Company Limited announced that they will report first half, 2020 results on Aug 19, 2020