{"id":114581,"date":"2020-02-27T18:40:01","date_gmt":"2020-02-27T11:40:01","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/worse-to-come-for-hong-kongs-hotel-retail-sectors-warns-sun-hung-kai-properties-as-profit-takes-a-pounding-from-coronavirus-protests\/"},"modified":"2020-02-27T19:11:47","modified_gmt":"2020-02-27T12:11:47","slug":"worse-to-come-for-hong-kongs-hotel-retail-sectors-warns-sun-hung-kai-properties-as-profit-takes-a-pounding-from-coronavirus-protests","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/worse-to-come-for-hong-kongs-hotel-retail-sectors-warns-sun-hung-kai-properties-as-profit-takes-a-pounding-from-coronavirus-protests\/","title":{"rendered":"Worse to come for Hong Kong\u2019s hotel, retail sectors, warns Sun Hung Kai Properties as profit takes a pounding from coronavirus, protests"},"content":{"rendered":"


\nSun Hung Kai Properties, the biggest Hong Kong developer by value, warned of a bleak outlook for the hospitality and retail sectors after its hotel business took a pounding in the second half of last year.The company\u2019s hotel operating profit plummeted by HK$595 million, or 75.1 per cent, to HK$197 million, with a significant drop in revenue per available room as social unrest led to a severe decline in visitor arrivals. Its other businesses, from retail to telecoms and logistics, were also hit\u2026
\n
\nSource : South China Morning Post
\nRead more…Worse to come for Hong Kong\u2019s hotel, retail sectors, warns Sun Hung Kai Properties as profit takes a pounding from coronavirus, protests<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Sun Hung Kai Properties, the biggest Hong Kong developer by value, warned of a bleak...<\/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-114581","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-tO5","jetpack-related-posts":[{"id":81195,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-sun-hung-kai-properties-records-36pc-interim-profit-jump\/","url_meta":{"origin":114581,"position":0},"title":"Hong Kong\u2019s Sun Hung Kai Properties records 36pc interim profit jump","date":"February 27, 2018","format":false,"excerpt":"\r Sun Hung Kai Properties, Hong Kong\u2019s second-largest developer by market capitalisation, reported a 36.7 per cent jump in first-half underlying profits on Tuesday, driven by upward spiral in home prices and strong sales. Underlying profit, excluding revaluation gains on investment properties, climbed to HK$19.97 billion for the July to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124699,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-sun-hung-kai-properties-hysan-post-declining-profits-say-more-challenges-ahead\/","url_meta":{"origin":114581,"position":1},"title":"Hong Kong developers Sun Hung Kai Properties, Hysan post declining profits, say more challenges ahead","date":"February 24, 2022","format":false,"excerpt":"\r Two of Hong Kong\u2019s biggest property developers and retail landlords have posted declining results and foresee more challenges ahead, as the city\u2019s social distancing rules keep consumers away from shopping centres.Sun Hung Kai Properties (SHKP), which owns neighbourhood shopping centres New Town Plaza and Yoho Mall in Sha Tin\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45860,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-reports-57pc-increase-in-first-half-core-profit-on-strong-home-sales\/","url_meta":{"origin":114581,"position":2},"title":"Sun Hung Kai reports 57pc increase in first half core profit on strong home sales","date":"February 28, 2017","format":false,"excerpt":"\r Sun Hung Kai Properties, Hong Kong\u2019s largest property developer by market capitalisation, on Tuesday reported a 57 per cent increase in first-half underlying net profit, driven by strong home sales in Hong Kong. The developer, which has a diversified portfolio of flats, retail and office space in both Hong\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118564,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-properties-banks-on-more-reversal-of-covid-19-containment-measures-to-revive-retail-hotel-businesses\/","url_meta":{"origin":114581,"position":3},"title":"Sun Hung Kai Properties banks on more reversal of Covid-19 containment measures to revive retail, hotel businesses","date":"September 10, 2020","format":false,"excerpt":"\r Sun Hung Kai Properties, Hong Kong\u2019s biggest developer by market value, is banking on easier Covid-19 containment measures to help revive its stricken retail and hotel businesses and pull the city\u2019s economy out of recession.\r\rThe group has suffered this year because of restrictions in movements, and its earnings outlook\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113100,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-kwok-family-boosts-city-with-hk9-4-billion-cheque-for-stake-in-sun-hung-kai-towers-atop-west-kowloon-station\/","url_meta":{"origin":114581,"position":4},"title":"Hong Kong\u2019s Kwok family boosts city with HK$9.4 billion cheque for stake in Sun Hung Kai towers atop West Kowloon station","date":"December 16, 2019","format":false,"excerpt":"\r Hong Kong\u2019s Kwok family will invest HK$9.4 billion (US$1.2 billion) for a 25 per cent stake in office towers to come up on a plot of land won by Sun Hung Kai Properties last month. The family is the company\u2019s controlling shareholder and its investment is being viewed as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104467,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-properties-posts-31-2-per-cent-drop-in-interim-profit-as-it-adopts-new-accounting-standard\/","url_meta":{"origin":114581,"position":5},"title":"Sun Hung Kai Properties posts 31.2 per cent drop in interim profit as it adopts new accounting standard","date":"February 27, 2019","format":false,"excerpt":"\r Sun Hung Kai Properties, Hong Kong\u2019s biggest developer by market value, reported a 31.2 per cent fall in underlying profit for the six months to December because of a change in accounting policy, it said in a filing to the Hong Kong stock exchange on Wednesday.The company said that\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\/114581"}],"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=114581"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/114581\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=114581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=114581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=114581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}