\n\n|
<\/p>\n \u00a0<\/i><\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n Pre-tax Contribution for the<\/u><\/b><\/p>\n
<\/p>\n 6-month ended<\/u><\/b><\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/u><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n Segment Assets <\/u><\/b>as<\/u><\/b> <\/u><\/b>at<\/u><\/b>\u00a0 <\/u><\/b><\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n (HK$ Million)<\/i><\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n Jun
\n 2021<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n Jun
\n 2020<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n Change<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n Jun <\/b>2021<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n Dec
\n 2020<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n FINANCING BUSINESS<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n Consumer
\n Finance<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 871.9<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 520.0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n +67.7%<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 18,477.6 <\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 17,937.0<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n Specialty
\n Finance<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0(11.4)<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 22.3*<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n N\/A<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 1,479.4<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 3,153.0<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n Mortgage
\n Loans<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 58.9<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 65.5<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n -10.1%<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 3,490.9<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 3,117.4<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n \u00a0<\/b><\/p>\n
<\/p>\n INVESTING BUSINESS<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n Investment
\n Management<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 2,312.2<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 436.3*<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n +430.0%<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 20,298.97<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 14,603.4<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n GMS<\/b> <\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n (15.9)<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n (93.6)<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n -83.0%<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 3,907.2<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 5,272.4<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n Total<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 3,215.7<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 950.5<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n +238.3%<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 47,654.0 <\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 44,083.2<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
\n <\/tr>\n<\/tbody>\n<\/table>\n \u00a0<\/b><\/p>\n *
\nRe-presented following the removal of Strategic Investments segment and
\nregrouping its items in the second half of 2020.<\/i><\/p>\n
\n
<\/p>\n \u00a0<\/b><\/p>\n
\n
<\/p>\n Investment
\nManagement <\/b><\/p>\n
\n
<\/p>\n Despite the
\ncontinuous challenges and uncertainties of the global financial markets, the
\nGroup’s Investment Management segment has appropriately navigated the evolving
\ndynamics in the public markets and completed several successful exits, leading
\nto its significant contribution of HK$2,312.2 million to pre-tax profit, a substantial
\nincrease of 430.0% from the HK$436.3 million contributed for the first half of
\n2020.<\/p>\n
\n
\n
\n
<\/p>\n This business
\nhas grown to over HK$20.2 billion in assets since it launched and has built out
\na well-diversified portfolio consisting of investments in Public Markets, Alternatives
\nand Real Assets. <\/p>\n
\n
<\/p>\n \u00a0<\/p>\n
\n
<\/p>\n The Public
\nMarkets portfolio consists of an internally managed credit strategy and
\ncorporate holdings, which achieved the outstanding performance, with a
\nsix-month return of 23.6% and assets of HK$4,500.8 million during the period.
\nIn particular, the Corporate Holdings segment delivered a solid portfolio performance
\nwith a six-month return of 35.3% and surpassed the performance of S&P 500
\nIndex, NASDAQ 100 Index and MSCI World Index over the same period. <\/b><\/p>\n
\n
<\/p>\n \u00a0<\/b><\/p>\n
\n
<\/p>\n The Alternatives portfolio also delivered sound
\nreturns, representing a six-month return of 13.7% and HK$13,440.5 million assets in
\nthe first half of 2021. Of which, the Private Equity segment recorded strong
\ncombined returns of 17.7% in the first half of 2021 mainly contributed by
\nsuccessful exits from several flagship investments such as Fairstone Holdings
\nInc and other exits in healthcare and TMT sector. <\/p>\n
\n
<\/p>\n \u00a0<\/p>\n
\n
<\/p>\n Funds
\nManagement<\/b><\/p>\n
\n
<\/p>\n In the first
\nhalf of 2021, we formally established our Funds Management vehicle – Sun Hung
\nKai Capital Partners with SFC Type 1 & 9 licenses. Four partnerships have
\nbeen launched on this platform, namely East Point Asset Management, E15VC,
\nActusRayPartners, and Multiple Capital Investment Partners. SHK & Co.
\ncommitted total seeding capital of over US$280.0 million, laying solid
\nfoundation for the growth and performance generation in the coming years.<\/p>\n
\n
<\/p>\n \u00a0<\/p>\n
\n
<\/p>\n SHK Latitude Alpha Fund,
\nthe previously in-house Fund of Hedge Funds (“FoHF”) strategy, was also
\nlaunched in July 2021 with SHK & Co.’s commitment of US$330 million.<\/p>\n
\n
<\/p>\n \u00a0<\/b><\/p>\n
\n
<\/p>\n Financing
\nBusiness<\/b><\/p>\n
\n
<\/p>\n The Group’s
\nFinancing Business division comprises of Consumer Finance, Specialty Finance
\nand Mortgage Loans businesses in Hong Kong and Mainland China. <\/p>\n
\n
<\/p>\n \u00a0<\/p>\n
\n
<\/p>\n The Consumer
\nFinance business conducted via its
\nmajority-owned subsidiary United Asia Finance Limited (“UAF”) has been a
\nconsistent and resilient income contributor to the Group. UAF’s pre-tax
\ncontribution to the Group amounted to HK$871.9 million, an increase of approximately
\n68% compared to the first half of 2020. Revenue increased by 7% and the total
\nloan balance at the end of the period, on a gross and net basis (after
\nimpairment allowance), increased by 16% and 17%, respectively, year-on-year. Given
\nmanagement’s proven track record of managing all up and down cycles during
\nturbulence times over the last two years, it remained cautiously confident that
\nUAF can deliver a promising full year performance.<\/p>\n
\n
<\/p>\n \u00a0<\/p>\n
\n
<\/p>\n The Group’s
\nMortgage Loans business is operated by its majority-owned subsidiary Sun Hung
\nKai Credit Limited
\n(“SHK Credit”). SHK Credit also
\nentered the next phase of growth and will strive for enhancement in business
\nscale, revenue mix, capital and funding structures as well as product and
\nservices to our customers as the Hong Kong economy and property market is starting
\nto recover in the first half of 2021. <\/p>\n
\n
<\/p>\n \u00a0<\/b><\/p>\n
\n
<\/p>\n Outlook <\/b><\/p>\n
\n
<\/p>\n Looking ahead
\nfor the second half of 2021 and potentially a large part of 2022, we expect
\nvolatility and challenges to persist as a result of uneven recovery across the
\nglobe. The Group is cautiously optimistic about the prospects and development
\nof our various business segments and will maintain high levels of liquidity as
\nwe navigate these challenges.<\/p>\n
\n
<\/p>\n \u00a0<\/p>\n
\n
<\/p>\n Mr Lee added,
\n“The strong performance of our Investment Management business and establishment
\nof the Funds Management platform have demonstrated our commitment and execution
\nability as we continue with our transformation into the leading alternative
\ninvestment platform in Hong Kong. The Group is committed to delivering sustainable
\nrisk-adjusted returns over the long term with sound governance and risk controls
\nthrough all market conditions.”<\/p>\n
\n
<\/p>\n \u00a0<\/p>\n<\/p><\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Profit
Attributable to Owners up 287% to HK$2.7 billion
Backed
by Significant Gains in Investment Management and Strong
Recovery in Consumer Finance
Financial Highlights
For the 6-month
period ended
\u00a0
\u00a030 Jun 2021
30 Jun 2020
…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/17039"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=17039"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/17039\/revisions"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=17039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=17039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=17039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} |