View ValuationKerry Properties 향후 성장Future 기준 점검 4/6Kerry Properties (는) 각각 연간 43% 및 13.8% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 42.5% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 4.4% 로 예상됩니다.핵심 정보43.0%이익 성장률42.47%EPS 성장률Real Estate 이익 성장-2.8%매출 성장률13.8%향후 자기자본이익률4.36%애널리스트 커버리지Good마지막 업데이트31 Jul 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updates공고 • Aug 08Kerry Properties Limited to Report Q2, 2026 Results on Aug 24, 2026Kerry Properties Limited announced that they will report Q2, 2026 results on Aug 24, 2026Buy Or Sell Opportunity • Jun 11Now 21% overvaluedOver the last 90 days, the stock has fallen 15% to €2.12. The fair value is estimated to be €1.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has declined by 42%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 44% per annum over the same time period.Upcoming Dividend • May 20Upcoming dividend of HK$0.95 per shareEligible shareholders must have bought the stock before 27 May 2026. Payment date: 10 June 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.8%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (3.9%).Declared Dividend • May 20Final dividend of HK$0.95 announcedShareholders will receive a dividend of HK$0.95. Ex-date: 27th May 2026 Payment date: 10th June 2026 Dividend yield will be 40%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (208% earnings payout ratio). However, it is well covered by cash flows (14% cash payout ratio). The dividend has increased by an average of 4.1% 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 131% to bring the payout ratio under control. EPS is expected to grow by 196% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.공고 • Mar 23Kerry Properties Limited, Annual General Meeting, May 22, 2026Kerry Properties Limited, Annual General Meeting, May 22, 2026, at 14:30 China Standard Time.공고 • Mar 06Kerry Properties Limited to Report Fiscal Year 2025 Results on Mar 23, 2026Kerry Properties Limited announced that they will report fiscal year 2025 results on Mar 23, 2026공고 • Aug 22Kerry Properties Limited Announces Ordinary Interim Dividend for the Six Months Ended 30 June 2025, Payable on 23 September 2025Kerry Properties Limited announced ordinary interim dividend of HKD 0.4 per share for the six months ended 30 June 2025. Ex-dividend date is 10 September 2025; Record date is 12 September 2025; Payment date is 23 September 2025.공고 • Mar 21Kerry Properties Limited Proposes Final Dividend for the Year Ended 31 December 2024, Payable on 10 June 2025Kerry Properties Limited proposed final dividend for the year ended 31 December 2024 of HKD 0.95 per share. Ex-dividend date is 27 May 2025. Record date is 29 May 2025. Payment date is 10 June 2025. Date of shareholders' approval 23 May 2025.공고 • Mar 19Kerry Properties Limited, Annual General Meeting, May 23, 2025Kerry Properties Limited, Annual General Meeting, May 23, 2025.공고 • Mar 04Kerry Properties Limited to Report Fiscal Year 2024 Results on Mar 19, 2025Kerry Properties Limited announced that they will report fiscal year 2024 results on Mar 19, 2025Upcoming Dividend • Sep 06Upcoming dividend of HK$0.40 per shareEligible shareholders must have bought the stock before 11 September 2024. Payment date: 25 September 2024. Payout ratio is on the higher end at 85%, however this is supported by cash flows. Trailing yield: 9.2%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.4%).공고 • Sep 06Kerry Properties Limited (SEHK:683) agreed to acquire 10% stake in Great Billion Corporation Limited from Top Spring International Holdings Limited (SEHK:3688) for HKD 1.Kerry Properties Limited (SEHK:683) agreed to acquire 10% stake in Great Billion Corporation Limited from Top Spring International Holdings Limited (SEHK:3688) for HKD 1 on September 4, 2024.Reported Earnings • Aug 25First half 2024 earnings released: EPS: HK$0.54 (vs HK$1.20 in 1H 2023)First half 2024 results: EPS: HK$0.54 (down from HK$1.20 in 1H 2023). Revenue: HK$5.04b (down 7.9% from 1H 2023). Net income: HK$788.0m (down 55% from 1H 2023). Profit margin: 16% (down from 32% in 1H 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 16% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.Declared Dividend • Aug 23First half dividend of HK$0.40 announcedShareholders will receive a dividend of HK$0.40. Ex-date: 11th September 2024 Payment date: 25th September 2024 Dividend yield will be 33%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 4.1% 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. EPS is expected to grow by 76% over the next 3 years, which should provide support to the dividend and adequate earnings cover.New Risk • Aug 22New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 7.8% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.공고 • Aug 21Kerry Properties Limited Announces Interim Dividend for the Six Months Ended 30 June 2024, Payable on 25 September 2024Kerry Properties Limited announced interim dividend of HKD 0.4 per share for the Six Months Ended 30 June 2024. Ex-dividend date is 11 September 2024. Record date is 13 September 2024. Payment date is 25 September 2024.공고 • Aug 06Kerry Properties Limited to Report First Half, 2024 Results on Aug 21, 2024Kerry Properties Limited announced that they will report first half, 2024 results on Aug 21, 2024Recent Insider Transactions • Jun 23Chairman & CEO recently bought €589k worth of stockOn the 18th of June, Khoon Hua Kuok bought around 356k shares on-market at roughly €1.65 per share. This transaction amounted to 5.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Khoon Hua has been a buyer over the last 12 months, purchasing a net total of €757k worth in shares.Upcoming Dividend • May 15Upcoming dividend of HK$0.95 per shareEligible shareholders must have bought the stock before 22 May 2024. Payment date: 05 June 2024. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 8.3%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.0%).Reported Earnings • Apr 28Full year 2023 earnings released: EPS: HK$2.24 (vs HK$1.90 in FY 2022)Full year 2023 results: EPS: HK$2.24 (up from HK$1.90 in FY 2022). Revenue: HK$13.1b (down 10% from FY 2022). Net income: HK$3.24b (up 18% from FY 2022). Profit margin: 25% (up from 19% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.Declared Dividend • Mar 22Final dividend of HK$0.95 announcedShareholders will receive a dividend of HK$0.95. Ex-date: 22nd May 2024 Payment date: 5th June 2024 Dividend yield will be 60%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but not covered by cash flows (125% cash payout ratio). The dividend has increased by an average of 4.1% 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. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공고 • Mar 21+ 1 more updateKerry Properties Limited, Annual General Meeting, May 20, 2024Kerry Properties Limited, Annual General Meeting, May 20, 2024, at 14:30 China Standard Time.Reported Earnings • Mar 21Full year 2023 earnings released: EPS: HK$2.23 (vs HK$1.90 in FY 2022)Full year 2023 results: EPS: HK$2.23 (up from HK$1.90 in FY 2022). Revenue: HK$13.1b (down 10% from FY 2022). Net income: HK$3.24b (up 18% from FY 2022). Profit margin: 25% (up from 19% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 17% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.공고 • Mar 21+ 1 more updateKerry Properties Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 05 June 2024Kerry Properties Limited proposed final dividend for the year ended 31 December 2023 of HKD 0.95 per share. Ex-dividend date is 22 May 2024. Record date is 24 May 2024. Payment date is 05 June 2024. Date of shareholders' approval 20 May 2024.공고 • Mar 06Kerry Properties Limited to Report Fiscal Year 2023 Results on Mar 20, 2024Kerry Properties Limited announced that they will report fiscal year 2023 results on Mar 20, 2024Buy Or Sell Opportunity • Jan 31Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.8% to €1.46. The fair value is estimated to be €1.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 5.8% in 2 years. Earnings are forecast to grow by 132% in the next 2 years.Buying Opportunity • Jan 16Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 5.1%. The fair value is estimated to be €1.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 6.5% in 2 years. Earnings is forecast to grow by 136% in the next 2 years.공고 • Oct 26Kerry Properties Limited Announces Director Appointments with Effect from November 1, 2023Kerry Properties Limited announced Director Appointments with effect from November 1, 2023. The company appointed Dr. Li Rui as an Independent Non-executive Director of the Company and a member of the Audit and Corporate Governance Committee of the Company; and Ms. Tong Shao Ming will be appointed as a Non-executive Director of the Company and a member of the ACGC. Dr. Li, aged 52, is the Adjunct Associate Professor at Institute for China Business of the University of Hong Kong. He has over 25 years of extensive experiences in corporate finance, capital market, and management consulting in China, the United States and Canada. Dr. Li was the Group Finance Director at Ping An Insurance Group ("PingAn") from 2017 to 2023. He was responsible for PingAn's finance strategy and operations on the insurance, banking, asset management, and technology businesses. Dr. Li was a director of Lufax Holding Ltd. (a listed company in New York and Hong Kong) from 2021 to 2022 and also a non-executive director of OneConnect Financial Technology Co. Ltd. (a listed company in New York and Hong Kong) from 2019 to 2021. Prior to that, Dr. Li served as the Chief Marketing Officer and the Chief Financial Officer at SF Express International. In addition, he provided strategy and management consulting to global Fortune 500 companies at large world-wide consulting firm. Dr. Li is a member of American Institute of Certified Public Accountants and Chartered Global Management Accountants. He earned the degree of Doctor of Philosophy in Finance from the International School of Management, Master of Business Administration degree from the Metropolitan State University and Bachelor of Science degree from the Winona State University. Ms. Tong, aged 48, has served as the investment director of Kerry Holdings Limited ("KHL") since 2010. KHL is the controlling shareholder (having the meaning ascribed to it under the Listing Rules) of the Company. Ms. Tong does not currently hold any position in the Company. Ms. Tong is a director of Kerry TJ Logistics Company Limited (a listed company in Taiwan) and a director of Yihai Kerry Arawana Holdings Co. Ltd. (a listed company in Shenzhen). She is also an alternate director to Mr. Kuok Khoon Hua (the Chairman and Chief Executive Officer of the Company) in his capacity as a non-executive and non-independent director of Wilmar International Limited (a listed company in Singapore). Ms. Tong was a non-executive director of Kerry Logistics Network Limited ("KLN") (a listed company in Hong Kong) from 2019 to 2021. Between 2009 and 2012, Ms. Tong served as the investment director of Wilmar International Limited. Between 2005 and 2008, Ms. Tong worked as an executive director in the equity capital markets department of UBS Group AG. Between 1998 and 2005, Ms. Tong worked as a solicitor in the London and Hong Kong offices of a law firm, Slaughter and May. Ms. Tong obtained a bachelor's degree in jurisprudence from Oxford University in 1997 and was admitted as a solicitor of England and Wales.Buying Opportunity • Sep 19Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 18%. The fair value is estimated to be €2.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 12% in 2 years. Earnings is forecast to grow by 182% in the next 2 years.Upcoming Dividend • Sep 07Upcoming dividend of HK$0.40 per share at 9.1% yieldEligible shareholders must have bought the stock before 14 September 2023. Payment date: 28 September 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 9.1%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.5%).Reported Earnings • Aug 30First half 2023 earnings released: EPS: HK$1.20 (vs HK$1.89 in 1H 2022)First half 2023 results: EPS: HK$1.20 (down from HK$1.89 in 1H 2022). Revenue: HK$5.47b (up 18% from 1H 2022). Net income: HK$1.74b (down 37% from 1H 2022). Profit margin: 32% (down from 59% in 1H 2022). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.공고 • Aug 30Kerry Properties Limited Announces Interim Dividend for the Six Months Ended 30 June 2023, Payable on 28 September 2023Kerry Properties Limited announced interim dividend of HKD 0.4 per share for the Six Months Ended 30 June 2023. Ex-dividend date is 14 September 2023. Record date is 18 September 2023. Payment date is 28 September 2023.Buying Opportunity • Aug 22Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 28%. The fair value is estimated to be €1.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.7%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings is also forecast to grow by 20% per annum over the same time period.공고 • Aug 16Kerry Properties Limited to Report First Half, 2023 Results on Aug 29, 2023Kerry Properties Limited announced that they will report first half, 2023 results on Aug 29, 2023공고 • Jun 24Kerry Properties Limited Announces Resignation of Mr. Cheung Leong as Independent Non-Executive Director, Effective on June 30, 2023The board of directors of Kerry Properties Limited announced that Mr. Cheung Leong has tendered his resignation as an Independent Non-executive Director of the company with effect from 30 June 2023 to pursue a career opportunity that would necessitate his stepping down from all publicly listed commercial boards. Upon the effective date of his resignation, he will cease to be a member of the Audit and Corporate Governance Committee of the Company.Upcoming Dividend • May 26Upcoming dividend of HK$0.95 per share at 7.6% yieldEligible shareholders must have bought the stock before 02 June 2023. Payment date: 16 June 2023. Payout ratio is a comfortable 71% but the company is not cash flow positive. Trailing yield: 7.6%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.0%).Reported Earnings • Mar 30Full year 2022 earnings released: EPS: HK$1.90 (vs HK$7.11 in FY 2021)Full year 2022 results: EPS: HK$1.90 (down from HK$7.11 in FY 2021). Revenue: HK$14.6b (down 4.8% from FY 2021). Net income: HK$2.75b (down 73% from FY 2021). Profit margin: 19% (down from 68% in FY 2021). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 31% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Dec 10Investor sentiment improved over the past weekAfter last week's 21% share price gain to €2.10, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 14x in the Real Estate industry in Germany. Total loss to shareholders of 3.3% over the past three years.공고 • Nov 29Kerry Properties Limited Appoints Cheng Wai Sin, Suzanne as Chief Financial OfficerThe board of directors of Kerry Properties Limited announced that Ms. Cheng Wai Sin, Suzanne has been appointed as the Chief Financial Officer of the Company with effect from 28 November 2022. Ms. Cheng has over 25 years of experience in accounting and finance for corporate and banking sectors. Prior to joining the Company, Ms. Cheng was the Chief Financial Officer of Hutchison Telecommunications Hong Kong Holdings Limited (a listed company in Hong Kong) since 2012. Ms. Cheng is a qualified accountant with membership of the Association of Chartered Certified Accountants and the Hong Kong Institute of Certified Public Accountants. She holds a Master of Science degree in Finance.Recent Insider Transactions • Sep 01Chairman & CEO recently bought €234k worth of stockOn the 29th of August, Khoon Hua Kuok bought around 102k shares on-market at roughly €2.30 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Khoon Hua's only on-market trade for the last 12 months.Upcoming Dividend • Aug 26Upcoming dividend of HK$0.40 per shareEligible shareholders must have bought the stock before 02 September 2022. Payment date: 16 September 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 7.4%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (4.9%).Reported Earnings • Aug 19First half 2022 earnings released: EPS: HK$1.89 (vs HK$2.59 in 1H 2021)First half 2022 results: EPS: HK$1.89 (down from HK$2.59 in 1H 2021). Revenue: HK$4.64b (down 27% from 1H 2021). Net income: HK$2.75b (down 27% from 1H 2021). Profit margin: 59% (in line with 1H 2021). Over the next year, revenue is forecast to grow 19% compared to a 47% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.공고 • Aug 19Kerry Properties Limited Announces Interim Dividend for the Six Months Ended 30 June 2022, Payable on 16 September 2022Kerry Properties Limited announced Interim Dividend for the Six Months Ended 30 June 2022. For the period, the company announced dividend of HKD 0.4 per share with Ex-dividend date 02 September 2022; Record date 06 September 2022 & Payment date 16 September 2022.공고 • Jul 01+ 1 more updateKerry Properties Limited Announces Executive ChangesThe board of directors of Kerry Properties Limited announced that Ms. Serene Siew Noi Nah has resigned as Chief Financial Officer of the Company with effect from 31 August 2022, to pursue her personal engagements.The Company is in the process of searching for a new Chief Financial Officer. In the interim, Mr. Au Hing Lun, Dennis, the Deputy Chief Executive Officer and Executive Director of the Company, will be overseeing the finance operations of the Group, subsequent to the resignation of Ms. Serene Nah, until a new Chief Financial Officer is appointed.Board Change • Jun 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Deputy CEO & Executive Director Dennis Au was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Recent Insider Transactions • May 27Executive Director recently sold €251k worth of stockOn the 23rd of May, Bryan Pallop Gaw sold around 100k shares on-market at roughly €2.51 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.공고 • May 25Kerry Properties Limited Announces Board ChangesThe board of directors of Kerry Properties Limited announced that Mr. Au Hing Lun, Dennis (Mr. Au) has been appointed as the Deputy ChiefExecutive Officer and an Executive Director of the Company with effect from 24 May 2022. Immediately upon the appointment of Mr. Au, he will become a member of each of the Executive Committee and the Finance Committee of the Company. Mr. Au has over 35 years of experience in accounting, finance, consultancy, business development and general management spanning across manufacturing, technology and real estate industries. Prior to joining the Company, Mr. Au was the managing director of real estate of the Chinachem Group where he headed up its real estate businesses from 2019 to 2022. Mr. Au was appointed as a non-executive director of ENM Holdings Limited (a listed company in Hong Kong), a related company of the Chinachem Group from August 2020 to April 2022. Prior to joining the Chinachem Group, Mr. Au worked for Computime Group Limited ("Computime") (a listed company in Hong Kong) where he held various senior positions, including executive director, deputy chief executive officer and a member of the executive committee. Mr. Au is a fellow member of the Association of Chartered Certified Accountants.공고 • May 23China Enterprises Limited entered into definitive sale and purchase agreement to acquire Two Warehouses in Hong Kong from Kerry Properties Limited (SEHK:683) for HKD 4.62 billion.China Enterprises Limited entered into definitive sale and purchase agreement to acquire Two Warehouses in Hong Kong from Kerry Properties Limited (SEHK:683) for HKD 4.62 billion on May 20, 2022. The transaction is expected to complete by June 30, 2022.공고 • May 20Kerry Properties Limited Announces Management AppointmentsKerry Properties Limited announce that Mr. Kuok has been elected as the Chairman of the Company and appointed as the chairman of the Nomination Committee of the Company with effect from the conclusion of the AGM whilst continuing with his present role as the Chief Executive Officer of the Company. Mr. Kuok, aged 43, is also a member of the Company's Remuneration Committee, Finance Committee and Executive Committee. Mr. Kuok has been the Vice Chairman and the Chief Executive Officer of the Company since June 2019 and a Non-executive Director of the Company from June 2015 to May 2019. The Board further announced that Mr. Cheung and Mr. Chum have been appointed as INEDs of the Company and members of the Audit and Corporate Governance Committee of the Company with effect from the conclusion of the AGM. Mr. Cheung, aged 50, is the executive director of Charities & Community at The Hong Kong Jockey Club ("HKJC") since 2014 and responsible for the HKJC Charities Trust. He is also the co-chair of the Hong Kong Chapter of the United Nations' Sustainable Development Solutions Network and the co-founder of RunOurCity, an innovative social enterprise with the aim of transforming life through running. Prior to joining the HKJC, Mr. Cheung was an operating partner at Bain Capital. Prior to that, he was the managing director of Global Sourcing & Supply Chain at Esquel Group, and a senior consultant at the Boston Consulting Group. Mr. Cheung serves as the chairperson of the Hong Kong Special Administrative Region Government's Committee on Reduction of Salt and Sugar in Food, and a director of Hong Kong Mortgage Corporation Limited. Mr. Chum, aged 46, is the chief operating officer and an executive director of Sands China Ltd. Prior to joining the Las Vegas Sands group in 2013, Mr. Chum spent 14 years at UBS Investment Bank in a variety of roles, including serving as managing director, head of Hong Kong Equity Research and head of China Equity Research.Upcoming Dividend • May 17Upcoming dividend of HK$0.95 per shareEligible shareholders must have bought the stock before 24 May 2022. Payment date: 07 June 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 6.6%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (4.2%).Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director David Hui was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 18Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: HK$7.11 (up from HK$3.71 in FY 2020). Revenue: HK$15.3b (up 5.5% from FY 2020). Net income: HK$10.4b (up 92% from FY 2020). Profit margin: 68% (up from 37% in FY 2020). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 3.9%. Over the next year, revenue is forecast to grow 18% compared to a 22% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Sep 22Investor sentiment deteriorated over the past weekAfter last week's 22% share price decline to €2.12, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Real Estate industry in Germany. Total loss to shareholders of 5.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.89 per share.공고 • Sep 04Kerry Properties Limited Announces Special Dividend, Payable on 06 October 2021Kerry Properties Limited announced special dividend of HKD 2.3 per share. Payment date 06 October 2021. Record date 23 September 2021. Ex-dividend date 21 September 2021.Upcoming Dividend • Aug 27Upcoming dividend of HK$0.40 per shareEligible shareholders must have bought the stock before 03 September 2021. Payment date: 17 September 2021. Trailing yield: 5.1%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (2.9%).Reported Earnings • Aug 22First half 2021 earnings released: EPS HK$2.59 (vs HK$0.74 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: HK$6.37b (up 63% from 1H 2020). Net income: HK$3.77b (up 251% from 1H 2020). Profit margin: 59% (up from 27% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.공고 • Aug 20Kerry Properties Limited Announces Special Dividend of HKD 2.3 Per ShareKerry Properties Limited announced special dividend of HKD 2.3 per share.Upcoming Dividend • May 24Upcoming dividend of HK$0.95 per shareEligible shareholders must have bought the stock before 31 May 2021. Payment date: 11 June 2021. Trailing yield: 5.2%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.1%).Executive Departure • May 04Company Secretary has left the companyOn the 1st of May, Siu Ching Li's tenure as Company Secretary ended after 15.3 years in the role. We don't have any record of a personal shareholding under Siu Ching's name. A total of 2 executives have left over the last 12 months.공고 • Apr 30Shenzhen Fantasia Property Development Group Co., Ltd. entered into an agreement to acquire Wealthy Plaza Development (Chengdu) Ltd. from Kerry Properties Limited (SEHK:683) and Allgreen Properties Limited for CNY 38.1 million.Shenzhen Fantasia Property Development Group Co., Ltd. entered into an agreement to acquire Wealthy Plaza Development (Chengdu) Ltd. from Kerry Properties Limited (SEHK:683) and Allgreen Properties Limited for CNY 38.1 million on April 29, 2021. The consideration will be paid in (i) 50% of the purchase consideration will be paid by the Purchaser within 5 working days from the date of the Agreements, (ii) 30% of the purchase consideration will be paid within 30 working days from the date of the Agreements, (iii) 20% of the purchase consideration will be paid by the Purchaser to an escrow account on or before the submission for registration of change with the Administration.Reported Earnings • Apr 17Full year 2020 earnings released: EPS HK$3.71 (vs HK$4.74 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: HK$14.5b (down 19% from FY 2019). Net income: HK$5.40b (down 22% from FY 2019). Profit margin: 37% (down from 38% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 19Full year 2020 earnings released: EPS HK$3.71 (vs HK$4.74 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: HK$14.5b (down 19% from FY 2019). Net income: HK$5.40b (down 22% from FY 2019). Profit margin: 37% (down from 38% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.공고 • Mar 19+ 1 more updateKerry Properties Limited Recommends Final Dividend for the Year Ended 31 December 2020Kerry Properties Limited has recommended the payment of a final dividend of HKD 0.95 per share for the year ended 31 December 2020. Together with the interim dividend of HKD 0.40 per share, the total cash dividend for the year ended 31 December 2020 will be HKD 1.35 per share (2019: HKD 1.35 per share).공고 • Mar 09Kerry Properties Limited to Report Fiscal Year 2020 Results on Mar 18, 2021Kerry Properties Limited announced that they will report fiscal year 2020 results on Mar 18, 2021공고 • Feb 24Brilliant Return Limited, a Wholly-Owned Subsidiary of Kerry Properties Limited and RECO Iroko Private Limited Enter Shareholders' Agreement to Form the Project CompanyOn 2 February 2021, Brilliant Return Limited ("Brilliant"), a wholly-owned subsidiary of Kerry Properties Limited and RECO entered into the Framework Agreement, pursuant to which the Parties agreed to form the Consortium and upon successful of the Tender Bid, to set up the Project Company to acquire, hold and develop the Project Land. On 23 February 2021, the Consortium received the Confirmation Notice from Shanghai Bureau that the Tender Bid is successful, and the land use right of the Project Land is granted to the Consortium. Accordingly, Brilliant and RECO will enter into the Shareholders' Agreement to form the Project Company, of which the equity interest will be owned by Brilliant and RECO as to 40% and 60% respectively. The Project Company will enter into the Land Grant Contract with Shanghai Bureau. The Tender Deposit of HKD 1,435,500,000 has been paid upon the submission of Tender Bid to meet the deposit requirement and the balance of the Consideration will be payable in accordance with the Land Grant Contract. The Parties will provide a total amount of shareholders' funds for the Consideration and relating taxes of not more than the Commitment Amount to the Project Company in accordance with their respective shareholding proportion in the Project Company. It is also envisaged that the Project Company will also consider procuring funds and/or financing from financial institutions and/or banks for the working capital requirements of the Project. The Project Land is designated for residential, office and commercial uses, with the total site area of approximately 66,059.5 square meters. The terms for the grant of the land use right of the Project Land are 70 years for residential use, 50 years for office use and 40 years for commercial use. The residential component will be for sale while the commercial and office component will be retained as properties to be managed and operated by the Project Company.Is New 90 Day High Low • Feb 17New 90-day high: €2.42The company is up 8.0% from its price of €2.24 on 19 November 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.44 per share.Is New 90 Day High Low • Dec 30New 90-day low: €2.04The company is down 4.0% from its price of €2.12 on 01 October 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.21 per share.Is New 90 Day High Low • Nov 09New 90-day high: €2.24The company is up 8.0% from its price of €2.08 on 11 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.43 per share.공고 • Aug 11Kerry Properties Limited to Report First Half, 2020 Results on Aug 20, 2020Kerry Properties Limited announced that they will report first half, 2020 results on Aug 20, 2020이익 및 매출 성장 예측DB:KR3 - 애널리스트 향후 추정치 및 과거 재무 데이터 (HKD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202826,7554,2535,31810,649812/31/202722,9553,8881802,433912/31/202614,6541,9657,0214,557812/31/202519,56893814,06514,194N/A9/30/202521,04378511,57711,697N/A6/30/202522,5186329,0889,200N/A3/31/202521,0097205,0725,183N/A12/31/202419,4998081,0561,165N/A9/30/202416,0781,5501,2961,378N/A6/30/202412,6582,2921,5361,590N/A3/31/202412,8742,7683,2243,284N/A12/31/202313,0903,2434,9124,977N/A9/30/202314,2562,4953,2423,309N/A6/30/202315,4221,7471,5711,641N/A3/31/202315,0062,251584641N/A12/31/202214,5902,755-404-360N/A9/30/202214,0926,0439981,054N/A6/30/202213,5949,3312,4002,468N/A3/31/202214,4609,8453,8963,973N/A12/31/202115,32710,3585,3925,479N/A9/30/202116,1559,2307,3797,457N/A6/30/202116,9838,1029,3669,434N/A3/31/202115,7546,7537,6317,694N/A12/31/202014,5265,4035,8965,954N/A9/30/202012,6224,8903,4993,555N/A6/30/202010,7184,3771,1031,155N/A3/31/202014,3725,6372,4372,487N/A12/31/201918,0256,8973,7713,820N/A9/30/201920,0627,001N/A7,600N/A6/30/201922,0987,104N/A11,380N/A3/31/201921,7657,302N/A13,701N/A12/31/201821,4337,499N/A16,022N/A9/30/201824,9008,711N/A14,241N/A6/30/201828,3669,923N/A12,460N/A3/31/201831,9579,583N/A11,772N/A12/31/201735,5489,242N/A11,084N/A9/30/201730,3728,524N/A7,373N/A6/30/201725,1967,806N/A3,662N/A3/31/201719,0937,171N/A2,533N/A12/31/201612,9916,537N/A1,404N/A9/30/201612,3585,660N/A3,573N/A6/30/201611,7264,782N/A5,743N/A3/31/201611,0605,156N/A4,389N/A12/31/201510,3935,530N/A3,034N/A9/30/201511,5436,351N/A3,576N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: KR3 의 연간 예상 수익 증가율(43%)이 saving rate(2.1%)보다 높습니다.수익 vs 시장: KR3 의 연간 수익(43%)이 German 시장(15.3%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: KR3 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: KR3 의 수익(연간 13.8%)이 German 시장(연간 6.7%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: KR3 의 수익(연간 13.8%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: KR3의 자본 수익률은 3년 후 4.4%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YReal-estate-management-and-development 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/19 02:45종가2026/08/19 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 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 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 소스Kerry Properties Limited는 26명의 분석가가 다루고 있습니다. 이 중 10명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Kwok Yi LouieBarclaysFan TsoBofA Global ResearchBang Xiang OngCGS International23명의 분석가 더 보기
공고 • Aug 08Kerry Properties Limited to Report Q2, 2026 Results on Aug 24, 2026Kerry Properties Limited announced that they will report Q2, 2026 results on Aug 24, 2026
Buy Or Sell Opportunity • Jun 11Now 21% overvaluedOver the last 90 days, the stock has fallen 15% to €2.12. The fair value is estimated to be €1.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has declined by 42%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 44% per annum over the same time period.
Upcoming Dividend • May 20Upcoming dividend of HK$0.95 per shareEligible shareholders must have bought the stock before 27 May 2026. Payment date: 10 June 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.8%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (3.9%).
Declared Dividend • May 20Final dividend of HK$0.95 announcedShareholders will receive a dividend of HK$0.95. Ex-date: 27th May 2026 Payment date: 10th June 2026 Dividend yield will be 40%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (208% earnings payout ratio). However, it is well covered by cash flows (14% cash payout ratio). The dividend has increased by an average of 4.1% 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 131% to bring the payout ratio under control. EPS is expected to grow by 196% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
공고 • Mar 23Kerry Properties Limited, Annual General Meeting, May 22, 2026Kerry Properties Limited, Annual General Meeting, May 22, 2026, at 14:30 China Standard Time.
공고 • Mar 06Kerry Properties Limited to Report Fiscal Year 2025 Results on Mar 23, 2026Kerry Properties Limited announced that they will report fiscal year 2025 results on Mar 23, 2026
공고 • Aug 22Kerry Properties Limited Announces Ordinary Interim Dividend for the Six Months Ended 30 June 2025, Payable on 23 September 2025Kerry Properties Limited announced ordinary interim dividend of HKD 0.4 per share for the six months ended 30 June 2025. Ex-dividend date is 10 September 2025; Record date is 12 September 2025; Payment date is 23 September 2025.
공고 • Mar 21Kerry Properties Limited Proposes Final Dividend for the Year Ended 31 December 2024, Payable on 10 June 2025Kerry Properties Limited proposed final dividend for the year ended 31 December 2024 of HKD 0.95 per share. Ex-dividend date is 27 May 2025. Record date is 29 May 2025. Payment date is 10 June 2025. Date of shareholders' approval 23 May 2025.
공고 • Mar 19Kerry Properties Limited, Annual General Meeting, May 23, 2025Kerry Properties Limited, Annual General Meeting, May 23, 2025.
공고 • Mar 04Kerry Properties Limited to Report Fiscal Year 2024 Results on Mar 19, 2025Kerry Properties Limited announced that they will report fiscal year 2024 results on Mar 19, 2025
Upcoming Dividend • Sep 06Upcoming dividend of HK$0.40 per shareEligible shareholders must have bought the stock before 11 September 2024. Payment date: 25 September 2024. Payout ratio is on the higher end at 85%, however this is supported by cash flows. Trailing yield: 9.2%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.4%).
공고 • Sep 06Kerry Properties Limited (SEHK:683) agreed to acquire 10% stake in Great Billion Corporation Limited from Top Spring International Holdings Limited (SEHK:3688) for HKD 1.Kerry Properties Limited (SEHK:683) agreed to acquire 10% stake in Great Billion Corporation Limited from Top Spring International Holdings Limited (SEHK:3688) for HKD 1 on September 4, 2024.
Reported Earnings • Aug 25First half 2024 earnings released: EPS: HK$0.54 (vs HK$1.20 in 1H 2023)First half 2024 results: EPS: HK$0.54 (down from HK$1.20 in 1H 2023). Revenue: HK$5.04b (down 7.9% from 1H 2023). Net income: HK$788.0m (down 55% from 1H 2023). Profit margin: 16% (down from 32% in 1H 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 16% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
Declared Dividend • Aug 23First half dividend of HK$0.40 announcedShareholders will receive a dividend of HK$0.40. Ex-date: 11th September 2024 Payment date: 25th September 2024 Dividend yield will be 33%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 4.1% 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. EPS is expected to grow by 76% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
New Risk • Aug 22New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 7.8% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.
공고 • Aug 21Kerry Properties Limited Announces Interim Dividend for the Six Months Ended 30 June 2024, Payable on 25 September 2024Kerry Properties Limited announced interim dividend of HKD 0.4 per share for the Six Months Ended 30 June 2024. Ex-dividend date is 11 September 2024. Record date is 13 September 2024. Payment date is 25 September 2024.
공고 • Aug 06Kerry Properties Limited to Report First Half, 2024 Results on Aug 21, 2024Kerry Properties Limited announced that they will report first half, 2024 results on Aug 21, 2024
Recent Insider Transactions • Jun 23Chairman & CEO recently bought €589k worth of stockOn the 18th of June, Khoon Hua Kuok bought around 356k shares on-market at roughly €1.65 per share. This transaction amounted to 5.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Khoon Hua has been a buyer over the last 12 months, purchasing a net total of €757k worth in shares.
Upcoming Dividend • May 15Upcoming dividend of HK$0.95 per shareEligible shareholders must have bought the stock before 22 May 2024. Payment date: 05 June 2024. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 8.3%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.0%).
Reported Earnings • Apr 28Full year 2023 earnings released: EPS: HK$2.24 (vs HK$1.90 in FY 2022)Full year 2023 results: EPS: HK$2.24 (up from HK$1.90 in FY 2022). Revenue: HK$13.1b (down 10% from FY 2022). Net income: HK$3.24b (up 18% from FY 2022). Profit margin: 25% (up from 19% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
Declared Dividend • Mar 22Final dividend of HK$0.95 announcedShareholders will receive a dividend of HK$0.95. Ex-date: 22nd May 2024 Payment date: 5th June 2024 Dividend yield will be 60%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but not covered by cash flows (125% cash payout ratio). The dividend has increased by an average of 4.1% 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. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공고 • Mar 21+ 1 more updateKerry Properties Limited, Annual General Meeting, May 20, 2024Kerry Properties Limited, Annual General Meeting, May 20, 2024, at 14:30 China Standard Time.
Reported Earnings • Mar 21Full year 2023 earnings released: EPS: HK$2.23 (vs HK$1.90 in FY 2022)Full year 2023 results: EPS: HK$2.23 (up from HK$1.90 in FY 2022). Revenue: HK$13.1b (down 10% from FY 2022). Net income: HK$3.24b (up 18% from FY 2022). Profit margin: 25% (up from 19% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 17% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
공고 • Mar 21+ 1 more updateKerry Properties Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 05 June 2024Kerry Properties Limited proposed final dividend for the year ended 31 December 2023 of HKD 0.95 per share. Ex-dividend date is 22 May 2024. Record date is 24 May 2024. Payment date is 05 June 2024. Date of shareholders' approval 20 May 2024.
공고 • Mar 06Kerry Properties Limited to Report Fiscal Year 2023 Results on Mar 20, 2024Kerry Properties Limited announced that they will report fiscal year 2023 results on Mar 20, 2024
Buy Or Sell Opportunity • Jan 31Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.8% to €1.46. The fair value is estimated to be €1.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 5.8% in 2 years. Earnings are forecast to grow by 132% in the next 2 years.
Buying Opportunity • Jan 16Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 5.1%. The fair value is estimated to be €1.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 6.5% in 2 years. Earnings is forecast to grow by 136% in the next 2 years.
공고 • Oct 26Kerry Properties Limited Announces Director Appointments with Effect from November 1, 2023Kerry Properties Limited announced Director Appointments with effect from November 1, 2023. The company appointed Dr. Li Rui as an Independent Non-executive Director of the Company and a member of the Audit and Corporate Governance Committee of the Company; and Ms. Tong Shao Ming will be appointed as a Non-executive Director of the Company and a member of the ACGC. Dr. Li, aged 52, is the Adjunct Associate Professor at Institute for China Business of the University of Hong Kong. He has over 25 years of extensive experiences in corporate finance, capital market, and management consulting in China, the United States and Canada. Dr. Li was the Group Finance Director at Ping An Insurance Group ("PingAn") from 2017 to 2023. He was responsible for PingAn's finance strategy and operations on the insurance, banking, asset management, and technology businesses. Dr. Li was a director of Lufax Holding Ltd. (a listed company in New York and Hong Kong) from 2021 to 2022 and also a non-executive director of OneConnect Financial Technology Co. Ltd. (a listed company in New York and Hong Kong) from 2019 to 2021. Prior to that, Dr. Li served as the Chief Marketing Officer and the Chief Financial Officer at SF Express International. In addition, he provided strategy and management consulting to global Fortune 500 companies at large world-wide consulting firm. Dr. Li is a member of American Institute of Certified Public Accountants and Chartered Global Management Accountants. He earned the degree of Doctor of Philosophy in Finance from the International School of Management, Master of Business Administration degree from the Metropolitan State University and Bachelor of Science degree from the Winona State University. Ms. Tong, aged 48, has served as the investment director of Kerry Holdings Limited ("KHL") since 2010. KHL is the controlling shareholder (having the meaning ascribed to it under the Listing Rules) of the Company. Ms. Tong does not currently hold any position in the Company. Ms. Tong is a director of Kerry TJ Logistics Company Limited (a listed company in Taiwan) and a director of Yihai Kerry Arawana Holdings Co. Ltd. (a listed company in Shenzhen). She is also an alternate director to Mr. Kuok Khoon Hua (the Chairman and Chief Executive Officer of the Company) in his capacity as a non-executive and non-independent director of Wilmar International Limited (a listed company in Singapore). Ms. Tong was a non-executive director of Kerry Logistics Network Limited ("KLN") (a listed company in Hong Kong) from 2019 to 2021. Between 2009 and 2012, Ms. Tong served as the investment director of Wilmar International Limited. Between 2005 and 2008, Ms. Tong worked as an executive director in the equity capital markets department of UBS Group AG. Between 1998 and 2005, Ms. Tong worked as a solicitor in the London and Hong Kong offices of a law firm, Slaughter and May. Ms. Tong obtained a bachelor's degree in jurisprudence from Oxford University in 1997 and was admitted as a solicitor of England and Wales.
Buying Opportunity • Sep 19Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 18%. The fair value is estimated to be €2.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 12% in 2 years. Earnings is forecast to grow by 182% in the next 2 years.
Upcoming Dividend • Sep 07Upcoming dividend of HK$0.40 per share at 9.1% yieldEligible shareholders must have bought the stock before 14 September 2023. Payment date: 28 September 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 9.1%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.5%).
Reported Earnings • Aug 30First half 2023 earnings released: EPS: HK$1.20 (vs HK$1.89 in 1H 2022)First half 2023 results: EPS: HK$1.20 (down from HK$1.89 in 1H 2022). Revenue: HK$5.47b (up 18% from 1H 2022). Net income: HK$1.74b (down 37% from 1H 2022). Profit margin: 32% (down from 59% in 1H 2022). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
공고 • Aug 30Kerry Properties Limited Announces Interim Dividend for the Six Months Ended 30 June 2023, Payable on 28 September 2023Kerry Properties Limited announced interim dividend of HKD 0.4 per share for the Six Months Ended 30 June 2023. Ex-dividend date is 14 September 2023. Record date is 18 September 2023. Payment date is 28 September 2023.
Buying Opportunity • Aug 22Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 28%. The fair value is estimated to be €1.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.7%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings is also forecast to grow by 20% per annum over the same time period.
공고 • Aug 16Kerry Properties Limited to Report First Half, 2023 Results on Aug 29, 2023Kerry Properties Limited announced that they will report first half, 2023 results on Aug 29, 2023
공고 • Jun 24Kerry Properties Limited Announces Resignation of Mr. Cheung Leong as Independent Non-Executive Director, Effective on June 30, 2023The board of directors of Kerry Properties Limited announced that Mr. Cheung Leong has tendered his resignation as an Independent Non-executive Director of the company with effect from 30 June 2023 to pursue a career opportunity that would necessitate his stepping down from all publicly listed commercial boards. Upon the effective date of his resignation, he will cease to be a member of the Audit and Corporate Governance Committee of the Company.
Upcoming Dividend • May 26Upcoming dividend of HK$0.95 per share at 7.6% yieldEligible shareholders must have bought the stock before 02 June 2023. Payment date: 16 June 2023. Payout ratio is a comfortable 71% but the company is not cash flow positive. Trailing yield: 7.6%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.0%).
Reported Earnings • Mar 30Full year 2022 earnings released: EPS: HK$1.90 (vs HK$7.11 in FY 2021)Full year 2022 results: EPS: HK$1.90 (down from HK$7.11 in FY 2021). Revenue: HK$14.6b (down 4.8% from FY 2021). Net income: HK$2.75b (down 73% from FY 2021). Profit margin: 19% (down from 68% in FY 2021). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 31% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Dec 10Investor sentiment improved over the past weekAfter last week's 21% share price gain to €2.10, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 14x in the Real Estate industry in Germany. Total loss to shareholders of 3.3% over the past three years.
공고 • Nov 29Kerry Properties Limited Appoints Cheng Wai Sin, Suzanne as Chief Financial OfficerThe board of directors of Kerry Properties Limited announced that Ms. Cheng Wai Sin, Suzanne has been appointed as the Chief Financial Officer of the Company with effect from 28 November 2022. Ms. Cheng has over 25 years of experience in accounting and finance for corporate and banking sectors. Prior to joining the Company, Ms. Cheng was the Chief Financial Officer of Hutchison Telecommunications Hong Kong Holdings Limited (a listed company in Hong Kong) since 2012. Ms. Cheng is a qualified accountant with membership of the Association of Chartered Certified Accountants and the Hong Kong Institute of Certified Public Accountants. She holds a Master of Science degree in Finance.
Recent Insider Transactions • Sep 01Chairman & CEO recently bought €234k worth of stockOn the 29th of August, Khoon Hua Kuok bought around 102k shares on-market at roughly €2.30 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Khoon Hua's only on-market trade for the last 12 months.
Upcoming Dividend • Aug 26Upcoming dividend of HK$0.40 per shareEligible shareholders must have bought the stock before 02 September 2022. Payment date: 16 September 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 7.4%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (4.9%).
Reported Earnings • Aug 19First half 2022 earnings released: EPS: HK$1.89 (vs HK$2.59 in 1H 2021)First half 2022 results: EPS: HK$1.89 (down from HK$2.59 in 1H 2021). Revenue: HK$4.64b (down 27% from 1H 2021). Net income: HK$2.75b (down 27% from 1H 2021). Profit margin: 59% (in line with 1H 2021). Over the next year, revenue is forecast to grow 19% compared to a 47% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
공고 • Aug 19Kerry Properties Limited Announces Interim Dividend for the Six Months Ended 30 June 2022, Payable on 16 September 2022Kerry Properties Limited announced Interim Dividend for the Six Months Ended 30 June 2022. For the period, the company announced dividend of HKD 0.4 per share with Ex-dividend date 02 September 2022; Record date 06 September 2022 & Payment date 16 September 2022.
공고 • Jul 01+ 1 more updateKerry Properties Limited Announces Executive ChangesThe board of directors of Kerry Properties Limited announced that Ms. Serene Siew Noi Nah has resigned as Chief Financial Officer of the Company with effect from 31 August 2022, to pursue her personal engagements.The Company is in the process of searching for a new Chief Financial Officer. In the interim, Mr. Au Hing Lun, Dennis, the Deputy Chief Executive Officer and Executive Director of the Company, will be overseeing the finance operations of the Group, subsequent to the resignation of Ms. Serene Nah, until a new Chief Financial Officer is appointed.
Board Change • Jun 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Deputy CEO & Executive Director Dennis Au was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions • May 27Executive Director recently sold €251k worth of stockOn the 23rd of May, Bryan Pallop Gaw sold around 100k shares on-market at roughly €2.51 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
공고 • May 25Kerry Properties Limited Announces Board ChangesThe board of directors of Kerry Properties Limited announced that Mr. Au Hing Lun, Dennis (Mr. Au) has been appointed as the Deputy ChiefExecutive Officer and an Executive Director of the Company with effect from 24 May 2022. Immediately upon the appointment of Mr. Au, he will become a member of each of the Executive Committee and the Finance Committee of the Company. Mr. Au has over 35 years of experience in accounting, finance, consultancy, business development and general management spanning across manufacturing, technology and real estate industries. Prior to joining the Company, Mr. Au was the managing director of real estate of the Chinachem Group where he headed up its real estate businesses from 2019 to 2022. Mr. Au was appointed as a non-executive director of ENM Holdings Limited (a listed company in Hong Kong), a related company of the Chinachem Group from August 2020 to April 2022. Prior to joining the Chinachem Group, Mr. Au worked for Computime Group Limited ("Computime") (a listed company in Hong Kong) where he held various senior positions, including executive director, deputy chief executive officer and a member of the executive committee. Mr. Au is a fellow member of the Association of Chartered Certified Accountants.
공고 • May 23China Enterprises Limited entered into definitive sale and purchase agreement to acquire Two Warehouses in Hong Kong from Kerry Properties Limited (SEHK:683) for HKD 4.62 billion.China Enterprises Limited entered into definitive sale and purchase agreement to acquire Two Warehouses in Hong Kong from Kerry Properties Limited (SEHK:683) for HKD 4.62 billion on May 20, 2022. The transaction is expected to complete by June 30, 2022.
공고 • May 20Kerry Properties Limited Announces Management AppointmentsKerry Properties Limited announce that Mr. Kuok has been elected as the Chairman of the Company and appointed as the chairman of the Nomination Committee of the Company with effect from the conclusion of the AGM whilst continuing with his present role as the Chief Executive Officer of the Company. Mr. Kuok, aged 43, is also a member of the Company's Remuneration Committee, Finance Committee and Executive Committee. Mr. Kuok has been the Vice Chairman and the Chief Executive Officer of the Company since June 2019 and a Non-executive Director of the Company from June 2015 to May 2019. The Board further announced that Mr. Cheung and Mr. Chum have been appointed as INEDs of the Company and members of the Audit and Corporate Governance Committee of the Company with effect from the conclusion of the AGM. Mr. Cheung, aged 50, is the executive director of Charities & Community at The Hong Kong Jockey Club ("HKJC") since 2014 and responsible for the HKJC Charities Trust. He is also the co-chair of the Hong Kong Chapter of the United Nations' Sustainable Development Solutions Network and the co-founder of RunOurCity, an innovative social enterprise with the aim of transforming life through running. Prior to joining the HKJC, Mr. Cheung was an operating partner at Bain Capital. Prior to that, he was the managing director of Global Sourcing & Supply Chain at Esquel Group, and a senior consultant at the Boston Consulting Group. Mr. Cheung serves as the chairperson of the Hong Kong Special Administrative Region Government's Committee on Reduction of Salt and Sugar in Food, and a director of Hong Kong Mortgage Corporation Limited. Mr. Chum, aged 46, is the chief operating officer and an executive director of Sands China Ltd. Prior to joining the Las Vegas Sands group in 2013, Mr. Chum spent 14 years at UBS Investment Bank in a variety of roles, including serving as managing director, head of Hong Kong Equity Research and head of China Equity Research.
Upcoming Dividend • May 17Upcoming dividend of HK$0.95 per shareEligible shareholders must have bought the stock before 24 May 2022. Payment date: 07 June 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 6.6%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (4.2%).
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director David Hui was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 18Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: HK$7.11 (up from HK$3.71 in FY 2020). Revenue: HK$15.3b (up 5.5% from FY 2020). Net income: HK$10.4b (up 92% from FY 2020). Profit margin: 68% (up from 37% in FY 2020). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 3.9%. Over the next year, revenue is forecast to grow 18% compared to a 22% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Sep 22Investor sentiment deteriorated over the past weekAfter last week's 22% share price decline to €2.12, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Real Estate industry in Germany. Total loss to shareholders of 5.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.89 per share.
공고 • Sep 04Kerry Properties Limited Announces Special Dividend, Payable on 06 October 2021Kerry Properties Limited announced special dividend of HKD 2.3 per share. Payment date 06 October 2021. Record date 23 September 2021. Ex-dividend date 21 September 2021.
Upcoming Dividend • Aug 27Upcoming dividend of HK$0.40 per shareEligible shareholders must have bought the stock before 03 September 2021. Payment date: 17 September 2021. Trailing yield: 5.1%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (2.9%).
Reported Earnings • Aug 22First half 2021 earnings released: EPS HK$2.59 (vs HK$0.74 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: HK$6.37b (up 63% from 1H 2020). Net income: HK$3.77b (up 251% from 1H 2020). Profit margin: 59% (up from 27% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
공고 • Aug 20Kerry Properties Limited Announces Special Dividend of HKD 2.3 Per ShareKerry Properties Limited announced special dividend of HKD 2.3 per share.
Upcoming Dividend • May 24Upcoming dividend of HK$0.95 per shareEligible shareholders must have bought the stock before 31 May 2021. Payment date: 11 June 2021. Trailing yield: 5.2%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.1%).
Executive Departure • May 04Company Secretary has left the companyOn the 1st of May, Siu Ching Li's tenure as Company Secretary ended after 15.3 years in the role. We don't have any record of a personal shareholding under Siu Ching's name. A total of 2 executives have left over the last 12 months.
공고 • Apr 30Shenzhen Fantasia Property Development Group Co., Ltd. entered into an agreement to acquire Wealthy Plaza Development (Chengdu) Ltd. from Kerry Properties Limited (SEHK:683) and Allgreen Properties Limited for CNY 38.1 million.Shenzhen Fantasia Property Development Group Co., Ltd. entered into an agreement to acquire Wealthy Plaza Development (Chengdu) Ltd. from Kerry Properties Limited (SEHK:683) and Allgreen Properties Limited for CNY 38.1 million on April 29, 2021. The consideration will be paid in (i) 50% of the purchase consideration will be paid by the Purchaser within 5 working days from the date of the Agreements, (ii) 30% of the purchase consideration will be paid within 30 working days from the date of the Agreements, (iii) 20% of the purchase consideration will be paid by the Purchaser to an escrow account on or before the submission for registration of change with the Administration.
Reported Earnings • Apr 17Full year 2020 earnings released: EPS HK$3.71 (vs HK$4.74 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: HK$14.5b (down 19% from FY 2019). Net income: HK$5.40b (down 22% from FY 2019). Profit margin: 37% (down from 38% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 19Full year 2020 earnings released: EPS HK$3.71 (vs HK$4.74 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: HK$14.5b (down 19% from FY 2019). Net income: HK$5.40b (down 22% from FY 2019). Profit margin: 37% (down from 38% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
공고 • Mar 19+ 1 more updateKerry Properties Limited Recommends Final Dividend for the Year Ended 31 December 2020Kerry Properties Limited has recommended the payment of a final dividend of HKD 0.95 per share for the year ended 31 December 2020. Together with the interim dividend of HKD 0.40 per share, the total cash dividend for the year ended 31 December 2020 will be HKD 1.35 per share (2019: HKD 1.35 per share).
공고 • Mar 09Kerry Properties Limited to Report Fiscal Year 2020 Results on Mar 18, 2021Kerry Properties Limited announced that they will report fiscal year 2020 results on Mar 18, 2021
공고 • Feb 24Brilliant Return Limited, a Wholly-Owned Subsidiary of Kerry Properties Limited and RECO Iroko Private Limited Enter Shareholders' Agreement to Form the Project CompanyOn 2 February 2021, Brilliant Return Limited ("Brilliant"), a wholly-owned subsidiary of Kerry Properties Limited and RECO entered into the Framework Agreement, pursuant to which the Parties agreed to form the Consortium and upon successful of the Tender Bid, to set up the Project Company to acquire, hold and develop the Project Land. On 23 February 2021, the Consortium received the Confirmation Notice from Shanghai Bureau that the Tender Bid is successful, and the land use right of the Project Land is granted to the Consortium. Accordingly, Brilliant and RECO will enter into the Shareholders' Agreement to form the Project Company, of which the equity interest will be owned by Brilliant and RECO as to 40% and 60% respectively. The Project Company will enter into the Land Grant Contract with Shanghai Bureau. The Tender Deposit of HKD 1,435,500,000 has been paid upon the submission of Tender Bid to meet the deposit requirement and the balance of the Consideration will be payable in accordance with the Land Grant Contract. The Parties will provide a total amount of shareholders' funds for the Consideration and relating taxes of not more than the Commitment Amount to the Project Company in accordance with their respective shareholding proportion in the Project Company. It is also envisaged that the Project Company will also consider procuring funds and/or financing from financial institutions and/or banks for the working capital requirements of the Project. The Project Land is designated for residential, office and commercial uses, with the total site area of approximately 66,059.5 square meters. The terms for the grant of the land use right of the Project Land are 70 years for residential use, 50 years for office use and 40 years for commercial use. The residential component will be for sale while the commercial and office component will be retained as properties to be managed and operated by the Project Company.
Is New 90 Day High Low • Feb 17New 90-day high: €2.42The company is up 8.0% from its price of €2.24 on 19 November 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.44 per share.
Is New 90 Day High Low • Dec 30New 90-day low: €2.04The company is down 4.0% from its price of €2.12 on 01 October 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.21 per share.
Is New 90 Day High Low • Nov 09New 90-day high: €2.24The company is up 8.0% from its price of €2.08 on 11 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.43 per share.
공고 • Aug 11Kerry Properties Limited to Report First Half, 2020 Results on Aug 20, 2020Kerry Properties Limited announced that they will report first half, 2020 results on Aug 20, 2020