{"id":80687,"date":"2018-02-22T13:40:29","date_gmt":"2018-02-22T06:40:29","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-profit-tumbles-42pc-as-rentals-fall-after-former-chairmans-asset-sell-offs\/"},"modified":"2018-02-22T14:02:51","modified_gmt":"2018-02-22T07:02:51","slug":"chinese-estates-profit-tumbles-42pc-as-rentals-fall-after-former-chairmans-asset-sell-offs","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-profit-tumbles-42pc-as-rentals-fall-after-former-chairmans-asset-sell-offs\/","title":{"rendered":"Chinese Estates profit tumbles 42pc as rentals fall after former chairman\u2019s asset sell-offs"},"content":{"rendered":"


\nChinese 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.
\nFor the year to December, net profit was HK$3.70 billion (US$1.2 billion), down from HK$6.36 billion in 2016, according a company filing with the Hong Kong stock exchange on Thursday, two weeks after it issued a profit…
\n
\nSource : South China Morning Post
\nRead more…Chinese Estates profit tumbles 42pc as rentals fall after former chairman\u2019s asset sell-offs<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Chinese Estates Holdings, the Hong Kong property developer, has reported a 42 per cent plunge...<\/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-80687","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-kZp","jetpack-related-posts":[{"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":80687,"position":0},"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":104221,"url":"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\/","url_meta":{"origin":80687,"position":1},"title":"Hong Kong property developer Chinese Estates Holdings says full-year profit to tumble by as much as 78 per cent","date":"February 21, 2019","format":false,"excerpt":"\r Hong 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135151,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developer-chinese-estates-returns-to-profit-with-dividend-asset-revaluation-booster-following-first-annual-loss-since-2010\/","url_meta":{"origin":80687,"position":2},"title":"Hong Kong developer Chinese Estates returns to profit with dividend, asset revaluation booster following first annual loss since 2010","date":"March 10, 2023","format":false,"excerpt":"\r Chinese Estates, controlled by the family of billionaire Joseph Lau, made a quick turnaround in 2022, aided by dividend income and a recovery in asset prices, according to its filing on Friday.\r \r Source : South China Morning Post\r Read more...Hong Kong developer Chinese Estates returns to profit with\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63438,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-issues-first-half-profit-warning-as-rental-income-falls\/","url_meta":{"origin":80687,"position":3},"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":8028,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-shares-end-lower-despite-rise-in-core-profit\/","url_meta":{"origin":80687,"position":4},"title":"Chinese Estates shares end lower despite rise in core profit","date":"March 15, 2016","format":false,"excerpt":"\r Shares of Chinese Estates fell sharply on Tuesday despite its core profit jumping 3.4 times last year to HK$16.78 billion, mainly driven by asset disposals.\r \r Source : South China Morning Post\r Read more...Chinese Estates shares end lower despite rise in core profit","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8026,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-shares-falls-as-much-as-11-per-cent-despite-rise-in-core-profit\/","url_meta":{"origin":80687,"position":5},"title":"Chinese Estates shares falls as much as 11 per cent despite rise in core profit","date":"March 15, 2016","format":false,"excerpt":"\r Shares of Chinese Estates dropped as much as 11 per cent on Tuesday despite its core profit jumping 3.4 times last year to HK$16.78 billion, mainly driven by asset disposals.\r \r Source : South China Morning Post\r Read more...Chinese Estates shares falls as much as 11 per cent despite\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\/80687"}],"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=80687"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/80687\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=80687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=80687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=80687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}