SEHK:51

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Harbour Centre Development

Executive Summary

Harbour Centre Development Limited, an investment holding company, engages in the hotel ownership and property investment activities in Hong Kong, Mainland China, and internationally. More Details


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has Harbour Centre Development's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 51 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.4%

51

-4.1%

HK Real Estate

-0.3%

HK Market


1 Year Return

-43.4%

51

-11.5%

HK Real Estate

0.7%

HK Market

Return vs Industry: 51 underperformed the Hong Kong Real Estate industry which returned -11.5% over the past year.

Return vs Market: 51 underperformed the Hong Kong Market which returned 0.7% over the past year.


Shareholder returns

51IndustryMarket
7 Day-0.4%-4.1%-0.3%
30 Day-11.0%-4.2%0.2%
90 Day-10.7%-4.5%0.3%
1 Year-41.8%-43.4%-6.7%-11.5%4.9%0.7%
3 Year-47.3%-51.9%-10.0%-23.9%-5.8%-16.1%
5 Year-35.0%-45.5%33.9%7.5%14.0%-5.4%

Price Volatility Vs. Market

How volatile is Harbour Centre Development's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Harbour Centre Development undervalued compared to its fair value and its price relative to the market?

0.34x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 51's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 51's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 51 is unprofitable, so we can't compare its PE Ratio to the HK Real Estate industry average.

PE vs Market: 51 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 51's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 51's PB Ratio (0.3x) is in line with the HK Real Estate industry average.


Next Steps

Future Growth

How is Harbour Centre Development forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.9%

Forecasted Real Estate industry annual growth in earnings


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 Harbour Centre Development 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Harbour Centre Development performed over the past 5 years?

-31.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 51 is currently unprofitable.

Growing Profit Margin: 51 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 51 is unprofitable, and losses have increased over the past 5 years at a rate of 31.8% per year.

Accelerating Growth: Unable to compare 51's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 51 is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-6.8%).


Return on Equity

High ROE: 51 has a negative Return on Equity (-9.53%), as it is currently unprofitable.


Next Steps

Financial Health

How is Harbour Centre Development's financial position?


Financial Position Analysis

Short Term Liabilities: 51's short term assets (HK$7.4B) do not cover its short term liabilities (HK$8.1B).

Long Term Liabilities: 51's short term assets (HK$7.4B) exceed its long term liabilities (HK$2.7B).


Debt to Equity History and Analysis

Debt Level: 51's debt to equity ratio (19.4%) is considered satisfactory.

Reducing Debt: 51's debt to equity ratio has reduced from 24% to 19.4% over the past 5 years.

Debt Coverage: 51's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 51 is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Harbour Centre Development current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 51's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 51's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 51's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 51's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 51 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 51's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average board tenure


CEO

Harbour Centre Development has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Tin Hoi Ng
Chairman of the Board11.5yrsHK$1.15mno data
Koon Hoo Luk
Independent Non-Executive Director2.33yrsHK$100.00kno data
Tsai Ping Sze
Independent Non-executive Director13.42yrsHK$100.00k0.0057%
HK$ 285.9k
Tai Chong Lie-A-Cheong
Independent Non-Executive Director1.83yrsHK$70.00kno data
Tien-Li Ting
Independent Non-Executive Director1.83yrsHK$70.00kno data
See King Tang
Independent Non-executive Director12.08yrsHK$100.00kno data
Chi Ming Yick
Non-executive Director8.25yrsHK$70.00kno data
Zen Pao
Non-executive Director2.33yrsHK$70.00kno data

5.3yrs

Average Tenure

68.5yo

Average Age

Experienced Board: 51's board of directors are considered experienced (5.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Harbour Centre Development Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Harbour Centre Development Limited
  • Ticker: 51
  • Exchange: SEHK
  • Founded:
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: HK$5.034b
  • Shares outstanding: 709.00m
  • Website: https://www.harbourcentre.com.hk

Number of Employees


Location

  • Harbour Centre Development Limited
  • Ocean Centre
  • 16th Floor
  • Kowloon
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
51SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992

Biography

Harbour Centre Development Limited, an investment holding company, engages in the hotel ownership and property investment activities in Hong Kong, Mainland China, and internationally. The company operates ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 12:46
End of Day Share Price2020/10/20 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.