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Lippo China Resources

MUN:LIQ
Snowflake Description

Mediocre balance sheet unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LIQ
MUN
HK$2B
Market Cap
  1. Home
  2. DE
  3. Consumer Retailing
Company description

Lippo China Resources Limited, an investment holding company, primarily engages in food, and property investment and development businesses in Hong Kong, Mainland China, Singapore, Malaysia, and internationally. The last earnings update was 81 days ago. More info.


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LIQ Share Price and Events
7 Day Returns
0%
MUN:LIQ
1.7%
Europe Consumer Retailing
1.3%
DE Market
1 Year Returns
-8.7%
MUN:LIQ
4.5%
Europe Consumer Retailing
-7.6%
DE Market
LIQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lippo China Resources (LIQ) 0% 0% 0% -8.7% -27.6% -34.4%
Europe Consumer Retailing 1.7% -0.4% 10.4% 4.5% -5.3% -7.5%
DE Market 1.3% 2.8% 7.5% -7.6% 9.3% 13.3%
1 Year Return vs Industry and Market
  • LIQ underperformed the Consumer Retailing industry which returned 4.5% over the past year.
  • LIQ underperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
LIQ
Industry
5yr Volatility vs Market

Value

 Is Lippo China Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Lippo China Resources. This is due to cash flow or dividend data being unavailable. The share price is €0.021.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Lippo China Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lippo China Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MUN:LIQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in HKD HK$-0.05
SEHK:156 Share Price ** SEHK (2018-12-20) in HKD HK$0.19
Europe Consumer Retailing Industry PE Ratio Median Figure of 33 Publicly-Listed Consumer Retailing Companies 20.13x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 19.26x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Lippo China Resources.

MUN:LIQ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:156 Share Price ÷ EPS (both in HKD)

= 0.19 ÷ -0.05

-3.41x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lippo China Resources is loss making, we can't compare its value to the Europe Consumer Retailing industry average.
  • Lippo China Resources is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Lippo China Resources's expected growth come at a high price?
Raw Data
MUN:LIQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.41x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Consumer Retailing Industry PEG Ratio Median Figure of 25 Publicly-Listed Consumer Retailing Companies 1.27x
Germany Market PEG Ratio Median Figure of 276 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Lippo China Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Lippo China Resources's assets?
Raw Data
MUN:LIQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in HKD HK$0.39
SEHK:156 Share Price * SEHK (2018-12-20) in HKD HK$0.19
Europe Consumer Retailing Industry PB Ratio Median Figure of 41 Publicly-Listed Consumer Retailing Companies 1.55x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.76x
MUN:LIQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:156 Share Price ÷ Book Value per Share (both in HKD)

= 0.19 ÷ 0.39

0.47x

* Primary Listing of Lippo China Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lippo China Resources is good value based on assets compared to the Europe Consumer Retailing industry average.
X
Value checks
We assess Lippo China Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Retailing industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Retailing industry average (and greater than 0)? (1 check)
  5. Lippo China Resources has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Lippo China Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Lippo China Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.2%
Expected Consumer Retailing industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lippo China Resources expected to grow at an attractive rate?
  • Unable to compare Lippo China Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Lippo China Resources's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Lippo China Resources's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
MUN:LIQ Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 14.2%
Europe Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
MUN:LIQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MUN:LIQ Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
MUN:LIQ Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-09-30 2,458 -31 -498
2018-06-30 2,429 -193 -308
2018-03-31 2,401 -354 -117
2017-12-31 2,398 -304 55
2017-09-30 2,395 -253 227
2017-06-30 2,428 -128 307
2017-03-31 2,461 -3 388
2016-12-31 2,485 282 339
2016-09-30 2,509 568 290
2016-06-30 2,520 107 -10
2016-03-31 2,532 -354 -309
2015-12-31 2,597 -638 -115

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Lippo China Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Lippo China Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
MUN:LIQ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Lippo China Resources Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MUN:LIQ Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
MUN:LIQ Past Financials Data
Date (Data in HKD Millions) EPS *
2018-09-30 -0.05
2018-06-30 -0.03
2018-03-31 -0.01
2017-12-31 0.01
2017-09-30 0.02
2017-06-30 0.03
2017-03-31 0.04
2016-12-31 0.04
2016-09-30 0.03
2016-06-30 0.00
2016-03-31 -0.03
2015-12-31 -0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Lippo China Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of LIQ’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Lippo China Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Retailing companies here
  3. Lippo China Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Lippo China Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Lippo China Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Lippo China Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Lippo China Resources's growth in the last year to its industry (Consumer Retailing).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Lippo China Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Lippo China Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Lippo China Resources's 1-year growth to the Europe Consumer Retailing industry average as it is not currently profitable.
Earnings and Revenue History
Lippo China Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Lippo China Resources Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MUN:LIQ Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 2,458.27 -498.10 689.39
2018-06-30 2,429.45 -307.73 683.82
2018-03-31 2,400.64 -117.36 678.25
2017-12-31 2,398.05 54.62 690.37
2017-09-30 2,395.46 226.61 702.49
2017-06-30 2,428.40 307.20 720.03
2017-03-31 2,461.34 387.79 737.56
2016-12-31 2,484.95 338.90 760.36
2016-09-30 2,508.56 290.02 783.15
2016-06-30 2,520.06 -9.58 799.49
2016-03-31 2,531.57 -309.17 815.83
2015-12-31 2,597.48 -114.84 854.26
2015-09-30 2,663.40 79.49 892.70
2015-06-30 2,706.55 239.33 905.97
2015-03-31 2,749.70 399.18 919.24
2014-12-31 2,747.44 185.28 897.68
2014-09-30 2,745.18 -28.62 876.13
2014-06-30 2,758.30 47.89 880.90
2014-03-31 2,771.41 124.39 885.67
2013-03-31 2,722.99 234.69 804.95
2012-12-31 326.06 290.67 122.64
2012-09-30 286.62 286.28 102.23
2012-06-30 1,411.16 360.04 420.23
2012-03-31 827.77 338.39 252.34

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Lippo China Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Lippo China Resources has efficiently used its assets last year compared to the Europe Consumer Retailing industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Lippo China Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Lippo China Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Retailing industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Lippo China Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Lippo China Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Lippo China Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lippo China Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Lippo China Resources's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Lippo China Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Lippo China Resources Company Filings, last reported 5 months ago.

MUN:LIQ Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 4,103.26 1,593.65 1,948.50
2018-06-30 4,103.26 1,593.65 1,948.50
2018-03-31 4,572.33 1,361.80 3,013.00
2017-12-31 4,572.33 1,361.80 3,013.00
2017-09-30 4,793.64 1,060.87 3,178.56
2017-06-30 4,793.64 1,060.87 3,178.56
2017-03-31 4,588.88 1,066.73 2,612.15
2016-12-31 4,588.88 1,066.73 2,612.15
2016-09-30 4,511.98 387.01 2,971.22
2016-06-30 4,511.98 387.01 2,971.22
2016-03-31 4,288.00 568.92 2,635.43
2015-12-31 4,288.00 568.92 2,635.43
2015-09-30 4,318.51 573.45 2,380.36
2015-06-30 4,318.51 573.45 2,380.36
2015-03-31 4,907.29 674.50 2,862.61
2014-12-31 4,907.29 674.50 2,862.61
2014-09-30 4,814.19 687.61 2,489.38
2014-06-30 4,814.19 687.61 2,489.38
2014-03-31 4,898.34 697.15 1,698.58
2013-03-31 5,718.47 2,137.67 2,130.91
2012-12-31 4,798.29 2,000.15 1,502.62
2012-09-30 4,798.29 2,000.15 1,502.62
2012-06-30 4,891.31 1,258.82 704.94
2012-03-31 4,891.31 1,258.82 704.94
  • Lippo China Resources's level of debt (38.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (26.6% vs 38.8% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Lippo China Resources is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Lippo China Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Lippo China Resources has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Lippo China Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.78%
Current annual income from Lippo China Resources dividends.
If you bought €2,000 of Lippo China Resources shares you are expected to receive €76 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Lippo China Resources's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.5%).
  • Lippo China Resources's dividend is below the markets top 25% of dividend payers in Germany (3.9%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
MUN:LIQ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 33 Stocks 3.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

MUN:LIQ Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
MUN:LIQ Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2018-11-29 0.007 3.949
2018-07-30 0.007 3.976
2017-11-29 0.010 4.047
2017-06-29 0.010 3.543
2016-11-29 0.010 3.963
2016-07-28 0.010 4.319
2016-06-29 0.010 4.589
2015-12-30 0.013 5.349
2015-11-26 0.013 4.587
2015-07-30 0.017 5.629
2015-06-29 0.017 5.645
2014-11-27 0.014 4.538
2014-07-30 0.010 2.663
2014-06-30 0.010 2.279
2013-07-30 0.011 3.513
2013-06-27 0.011 4.906
2013-03-27 0.000 0.000
2012-03-30 0.007 3.609
2011-08-31 0.007 4.034
2011-03-31 0.008 3.514
2010-09-29 0.008 3.063
2010-04-09 0.007 3.312
2009-09-14 0.012 5.827
2009-04-17 0.012 8.118
2009-03-20 0.006 6.319

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Lippo China Resources's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Lippo China Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Lippo China Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lippo China Resources has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Lippo China Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Lee
COMPENSATION HK$3,059,000
AGE 69
TENURE AS CEO 8 years
CEO Bio

Mr. Lee Luen-Wai, also known as John, BBS, FCA, JP serves as Principal at Go Capital & EOC. Mr. Lee has been the Chief Executive Officer of Lippo China Resources Limited since March 25, 2011. Mr. Lee has been the Chief Executive Officer of Hongkong Chinese Limited since March 25, 2011. He has been the Managing Director of Lippo Limited since 1991 and also serves as its Chief Executive Officer. He serves as the Managing Director of Lippo Asia Limited. Mr. Lee was a Partner of Price Waterhouse (now, PricewaterhouseCoopers) in Hong Kong from 1978 to 1990. He has an extensive Corporate Finance and Capital Market experience and has experience working with family offices in Asia. He has been Non-Executive Non-Independent Chairman of Healthway Medical Corporation Limited since August 2, 2017. He serves as an Executive Director of Lippo Limited and MEDCO Holdings Inc. He has been an Executive Director of Lippo China Resources Limited since 1992 and Hongkong Chinese Limited since 1992. He has been a Director of HKCB Bank Holding Company Ltd. since 1992. He served as an Independent Non-Executive Director at New World Development Company Limited since August 30, 2004, UMP Healthcare Holdings Limited since November 6, 2015 and New World China Land Limited from December 7, 2004 to September 01, 2016. He serves as a Director of LCR, First Tower, Greenroot Limited and of HKCL Holdings. He served as a Non-Executive & Non-Independent Director of Auric Pacific Group Limited from September 3, 1999 to February 23, 2006. Mr. Lee served as a Non-Executive Director of Export & Industry Bank, Inc. (EIB) until December 13, 2011. He served as a Director at Asia Now Resources Corp. from November 12, 2010 to June 12, 2012. He served as a Non-Executive Director of Overseas Union Enterprise Ltd. (OUE Limited) from July 19, 2006 to December 2006. Mr. Lee is active in public services particularly in the healthcare sector. He serves as Member on a number of Hong Kong Government Boards and Committees including the Broadcasting Authority, Advisory Council on Food and Environmental Hygiene, Appeal Board on Closure Orders (Immediate Health Hazard), Council of the City University of Hong Kong and Solicitors Disciplinary Tribunal Panel. He serves as the Chairman of the Board of Trustees of the Hospital Authority Provident Fund Scheme and the chairman of the Queen Elizabeth Hospital Governing Committee. In addition, Mr. Lee serves as a member of the Appeal Boards Panel (Education). Mr. Lee was awarded the Bronze Bauhinia Star and the Justice of Peace by the HKSAR Government. He has been a Fellow Member of the Association of Chartered Certified Accountants in January 1980 and Fellow of the Hong Kong Society of Accountants in April 1981. Mr. Lee is a Fellow Member of the Hong Kong Institute of Certified Public Accountants and an Associate Member of The Institute of Chartered Accountants in England and Wales. He is an Honorary Fellow of the City University of Hong Kong and a Justice of Peace in Hong Kong. Mr. Lee graduated from Metropolitan College.

CEO Compensation
  • John's compensation has increased whilst company is loss making.
  • John's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Lippo China Resources management team in years:

8
Average Tenure
58
Average Age
  • The average tenure for the Lippo China Resources management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Stephen Tjondro Riady

TITLE
Chairman
COMPENSATION
HK$14M
AGE
58

John Lee

TITLE
CEO & Executive Director
COMPENSATION
HK$3M
AGE
69
TENURE
8 yrs

James Lee

TITLE
Executive Director
COMPENSATION
HK$3M
AGE
48

Alex Shiu

TITLE
Chief Financial Officer
TENURE
7.7 yrs

Millie Yuen

TITLE
Secretary
TENURE
26.3 yrs
Board of Directors Tenure

Average tenure and age of the Lippo China Resources board of directors in years:

14.5
Average Tenure
64
Average Age
  • The average tenure for the Lippo China Resources board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Stephen Tjondro Riady

TITLE
Chairman
COMPENSATION
HK$14M
AGE
58
TENURE
8 yrs

John Lee

TITLE
CEO & Executive Director
COMPENSATION
HK$3M
AGE
69
TENURE
27.2 yrs

James Lee

TITLE
Executive Director
COMPENSATION
HK$3M
AGE
48
TENURE
3.8 yrs

King Fai Tsui

TITLE
Independent Non-Executive Director
COMPENSATION
HK$382K
AGE
68
TENURE
14.5 yrs

Victor Yung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$408K
AGE
64
TENURE
14.5 yrs

Edwin Neo

TITLE
Independent Non-Executive Director
COMPENSATION
HK$1M
AGE
68
TENURE
17 yrs

Leon Chan

TITLE
Non-executive Director
COMPENSATION
HK$382K
AGE
62
TENURE
22.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Lippo China Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Lippo China Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Lippo China Resources Limited, an investment holding company, primarily engages in food, and property investment and development businesses in Hong Kong, Mainland China, Singapore, Malaysia, and internationally. It operates through Property Investment, Property Development, Treasury Investment, Securities Investment, Food Businesses, Healthcare Services, Mineral Exploration and Extraction, and Other segments. It distributes customer food and non-food products; and operates and manages restaurants and food courts, as well as manufactures and retails food products. The company is also involved in the development, letting, sale, and resale of real estate properties, as well as offers property management services. In addition, it invests in money markets; deals in securities and financial assets available-for-sale; engages in the exploration, extraction, and processing of minerals; and provision of money lending services. Further, the company is involved in securities investment, intellectual property, and financing activities; and provision of management and commercial consulting services. Additionally, it engages in the development and sale of franchising activities; and wholesale trade, distribution, and retail of general products, and food and beverage products. The company is headquartered in Central, Hong Kong. Lippo China Resources Limited is a subsidiary of Skyscraper Realty Limited.

Details
Name: Lippo China Resources Limited
LIQ
Exchange: MUN
Founded:
HK$190,744,002
9,186,912,716
Website: http://www.lcr.com.hk
Address: Lippo China Resources Limited
Tower Two,
40th Floor,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 156 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jan 1992
MUN LIQ Ordinary Shares Boerse Muenchen DE EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
1,848
Lippo China Resources employees.
Industry
Food Distributors
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 21:32
End of day share price update: 2018/12/20 00:00
Last estimates confirmation: 2018/06/27
Last earnings filing: 2018/12/28
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.