{"id":47441,"date":"2017-03-10T18:37:35","date_gmt":"2017-03-10T11:37:35","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/wheelock-shares-hit-historic-high-after-record-annual-core-profit-officials-expect-hk-home-prices-to-rise-5-pc-this-year\/"},"modified":"2017-03-10T18:42:32","modified_gmt":"2017-03-10T11:42:32","slug":"wheelock-shares-hit-historic-high-after-record-annual-core-profit-officials-expect-hk-home-prices-to-rise-5-pc-this-year","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wheelock-shares-hit-historic-high-after-record-annual-core-profit-officials-expect-hk-home-prices-to-rise-5-pc-this-year\/","title":{"rendered":"Wheelock shares hit historic high after record annual core profit. Officials expect HK home prices to rise 5 pc this year"},"content":{"rendered":"


\nWheelock and Company Limited, the Hong Kong property and logistics conglomerate that controls Wharf Holdings, saw its shares surge to a record high on Friday following strong core earnings for 2016, thanks to a greater profit contribution from Wharf, strong home sales in the mainland and Hong Kong, and robust rental income.
\nAnnual core profit, excluding investment property revaluation gains and exceptional items, surged 11 per cent to HK$11.8 billion in 2016, the company revealed.
\nNet profit…
\n
\nSource : South China Morning Post
\nRead more…Wheelock shares hit historic high after record annual core profit. Officials expect HK home prices to rise 5 pc this year<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Wheelock and Company Limited, the Hong Kong property and logistics conglomerate that controls Wharf Holdings,...<\/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-47441","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-clb","jetpack-related-posts":[{"id":63648,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wheelocks-first-half-net-profit-up-10-26pc-on-rising-rental-income\/","url_meta":{"origin":47441,"position":0},"title":"Wheelock\u2019s first half net profit up 10.26pc on rising rental income","date":"August 14, 2017","format":false,"excerpt":"\r Hong Kong property and logistics conglomerate Wheelock and Co reported a 10.26 per cent rise in first half net profit to HK$6.24 billion (US$798 million) due to rising rental contribution at subsidiary Wharf Holdings. It recorded HK$3.06 earnings per share, which was above the market consensus of HK$2.12 per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":47329,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wharf-delivers-25pc-rise-in-annual-core-earnings\/","url_meta":{"origin":47441,"position":1},"title":"Wharf delivers 25pc rise in annual core earnings","date":"March 9, 2017","format":false,"excerpt":"\r Wharf (Holdings), the Hong Kong conglomerate whose interests are spread across property, telecommunications and infrastructure, enjoyed a 25 per cent rise in core annual earnings last year, helped by rising property income from both Hong Kong and the mainland. Excluding a revaluation gain on investment properties, underlying profit was\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114579,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/billionaire-peter-woo-to-take-wheelock-private-handing-hk16-5-billion-value-windfall-to-shareholders\/","url_meta":{"origin":47441,"position":2},"title":"Billionaire Peter Woo to take Wheelock private, handing HK$16.5 billion value windfall to shareholders","date":"February 27, 2020","format":false,"excerpt":"\r Hong Kong billionaire Peter Woo Kwong-ching is taking his flagship Wheelock & Co property empire private through a two-step transaction, handing investors a HK$16.5 billion (US$2.1 billion) windfall. Its shares jumped to an all-time high.\r\rWheelock will distribute its equity holdings in the two Wharf entities had a combined market\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104939,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wheelock-sets-a-conservative-sales-target-of-hk10-billion-this-year-after-reporting-9-per-cent-rise-in-core-profit\/","url_meta":{"origin":47441,"position":3},"title":"Wheelock sets a \u2018conservative\u2019 sales target of HK$10 billion this year after reporting 9 per cent rise in core profit","date":"March 12, 2019","format":false,"excerpt":"\r Wheelock and Co, which invests in property, hotels and logistics, set a conservative sales target of about HK$10 billion (US$1.27 billion) for this year after the group reported a modest gain in core profit for last year.Underlying profit, excluding revaluation gains on investment properties, amounted to HK$13.2 billion (US$1.69\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95719,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-landowner-wharf-sees-core-profit-plunge-by-two-thirds-amid-falling-home-sales-in-mainland-china\/","url_meta":{"origin":47441,"position":4},"title":"Hong Kong landowner Wharf sees core profit plunge by two thirds amid falling home sales in mainland China","date":"August 9, 2018","format":false,"excerpt":"\r Wharf Holdings, one of Hong Kong\u2019s biggest landowners, reported a 66 per cent drop in core profit because of weak property sales in mainland China. The conglomerate\u2019s core profit came in at HK$2.53 billion (US$322.31 million) for the six months ended June 30, according to a filing to the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7346,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-wharf-reports-5pc-jump-in-core-profit\/","url_meta":{"origin":47441,"position":5},"title":"Hong Kong\u2019s Wharf reports 5pc jump in core profit","date":"March 9, 2016","format":false,"excerpt":"\r Hong Kong Conglomerate Wharf on Wednesday reported its core profit rose 5 per cent to HK$10.96 billion last year, mainly due to increases in rental income and property sales.\r \r Source : South China Morning Post\r Read more...Hong Kong\u2019s Wharf reports 5pc jump in core profit","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\/47441"}],"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=47441"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/47441\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=47441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=47441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=47441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}