{"id":104221,"date":"2019-02-21T06:01:02","date_gmt":"2019-02-20T23:01:02","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-developer-chinese-estates-holdings-says-full-year-profit-to-tumble-by-as-much-as-78-per-cent\/"},"modified":"2019-02-21T08:05:08","modified_gmt":"2019-02-21T01:05:08","slug":"hong-kong-property-developer-chinese-estates-holdings-says-full-year-profit-to-tumble-by-as-much-as-78-per-cent","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-developer-chinese-estates-holdings-says-full-year-profit-to-tumble-by-as-much-as-78-per-cent\/","title":{"rendered":"Hong Kong property developer Chinese Estates Holdings says full-year profit to tumble by as much as 78 per cent"},"content":{"rendered":"


\nHong Kong property developer Chinese Estates Holdings said on Wednesday it expected a drop as much as 78 per cent in its full-year net profit for 2018, which it said was down to poor sales performance and losses on investments.The net profit attributable to its shareholders will drop by between 68 per cent and 78 per cent from the HK$3.7 billion (US$471.41 million) in gains reported in 2017, according to a company filing with the Hong Kong stock exchange ahead of its annual results release\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong property developer Chinese Estates Holdings says full-year profit to tumble by as much as 78 per cent<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong property developer Chinese Estates Holdings said on Wednesday it expected a drop as...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-104221","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-r6Z","jetpack-related-posts":[{"id":63438,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-issues-first-half-profit-warning-as-rental-income-falls\/","url_meta":{"origin":104221,"position":0},"title":"Chinese Estates issues first-half profit warning, as rental income falls","date":"August 11, 2017","format":false,"excerpt":"\r Shares in Chinese Estates Holdings, controlled by Hong Kong property tycoon Joseph Lau Luen-hung\u2019s wife Chan Hoi-wan, dropped 3 per cent on Friday after it posted a profit-warning for the half-year, due to reduced rental income and residential sales. The Hong Kong landlord expects net profit to drop between\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":80687,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-profit-tumbles-42pc-as-rentals-fall-after-former-chairmans-asset-sell-offs\/","url_meta":{"origin":104221,"position":1},"title":"Chinese Estates profit tumbles 42pc as rentals fall after former chairman\u2019s asset sell-offs","date":"February 22, 2018","format":false,"excerpt":"\r Chinese Estates Holdings, the Hong Kong property developer, has reported a 42 per cent plunge in full-year net profit for 2017 following a series of asset disposals, after a major share restructuring prompted by former chairman Joseph Lau Luen-hung\u2019s recent failing health. For the year to December, net profit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104693,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-selling-a-single-home-last-year-posts-a-72-per-cent-plunge-in-profit-as-sales-and-equity-investments-shrink\/","url_meta":{"origin":104221,"position":2},"title":"Chinese Estates, selling a single home last year, posts a 72 per cent plunge in profit as sales and equity investments shrink","date":"March 5, 2019","format":false,"excerpt":"\r Chinese Estates Holdings, the Hong Kong real estate developer controlled by the family of tycoon Joseph Lau Luen-hung, reported its biggest profit plunge since 2010, as it sold a single apartment unit amid a cooling property market last year.The company, chaired by Lau\u2019s 38-year-old son Lau Ming-wai, had a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84530,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-firm-chinese-estates-increases-stake-in-china-evergrande\/","url_meta":{"origin":104221,"position":3},"title":"Hong Kong property firm Chinese Estates increases stake in China Evergrande","date":"April 4, 2018","format":false,"excerpt":"\r Hong Kong property firm Chinese Estates Holdings and its executive director Chan Hoi-wan have raised their stake in mainland Chinese property developer China Evergrande to 8 per cent in the past 12 months, spending a total of HK$18 billion (US$2.3 billion). Chan, the wife of former Chinese Estates chairman\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":47311,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-2016-profit-tumbles-17-7pc-dragged-by-lower-rental-income\/","url_meta":{"origin":104221,"position":4},"title":"Chinese Estates 2016 profit tumbles 17.7pc, dragged by lower rental income","date":"March 9, 2017","format":false,"excerpt":"\r A week after a major share restructuring by the former chairman Joseph Lau Luen-hung, Chinese Estates Holdings reported 2016 net profit fell 17.7 per cent due to a sharp drop in rental income and smaller gains in revaluation on properties as a result of continuing asset disposals. For the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114866,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-under-hong-kongs-fourth-richest-tycoon-says-profit-set-to-fall-for-a-fifth-year-as-company-sells-zero-homes\/","url_meta":{"origin":104221,"position":5},"title":"Chinese Estates, under Hong Kong\u2019s fourth richest tycoon, says profit set to fall for a fifth year as company sells zero homes","date":"March 12, 2020","format":false,"excerpt":"\r Chinese Estates Holdings, controlled by the family of property tycoon Joseph Lau Luen-hung, said earnings are set to fall for a fifth straight year to the lowest in nine years. After selling one apartment unit in 2018 amid a cooling market, the group sold none in 2019 as home\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/104221"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=104221"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/104221\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=104221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=104221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=104221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}