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Hong Kong's largest property developer by market value, building and owning premium residential, office and retail projects.
Hong Kong's largest property developer by market value, building and owning premium residential, office and retail projects.
Earns steady rent from offices and malls it keeps for the long term, and lumpier profit from selling flats, often off-plan before completion. Rent from landmark buildings such as ICC cushions the swings of the housing market. It funds development from a large Hong Kong land bank.
In one line: A HK family-controlled real estate giant, developer of the IFC/ICC towers.
Moat: narrow (brand, scale, installed base). Prime HK land bank and iconic developments (IFC, ICC) built over decades by the Kwok family.
Headquarters: Hong Kong · Founded: 1963 · Employees: 39,000
Size Shk Ppt (0016.HK) is a Hong Kong Real Estate company (Real Estate Development) with a market value of $43.5B, the 40th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$117.70 on 6 Nov 2026.
Performance Over six months the shares fell 18.3%, against -4.3% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 17.3% over the last twelve months (peer median +4.8%); the operating margin is 25.8% (peer median 21.9%).
Valuation It trades at 14.1× forward earnings against a peer median of 16.5× (8th cheapest of 21).
Credit Shk Ppt has 2 bonds outstanding ($1.30B), rated A+ by the agencies and trading like AA- at a weighted spread of 83 bp.
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | HK$94.1B | HK$94.2B | HK$79.9B | HK$73.3B | HK$71.8B |
| Revenue growth | — | +18% | +9% | +2% | — |
| Gross profit | HK$32.0B | HK$32.1B | HK$34.3B | HK$33.9B | HK$35.0B |
| EBITDA | HK$29.4B | HK$29.4B | HK$29.8B | HK$31.6B | HK$32.5B |
| Net income | HK$21.4B | HK$21.4B | HK$19.3B | HK$19.0B | HK$23.9B |
| Free cash flow | HK$42.6B | HK$42.6B | HK$35.9B | HK$20.2B | HK$21.9B |
| Capital expenditure | HK$1.92B | HK$1.92B | HK$2.48B | HK$4.62B | HK$4.48B |
| Total debt | n/a | HK$100B | HK$113B | HK$130B | HK$128B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Shk Ppt 0016.HK | $43.5B | -18% | +17% | 26% | 14.1× | n/a |
| China Overseas 0688.HK | $18.4B | -13% | +4% | 11% | 10.2× | n/a |
| Henderson Land 0012.HK | $18.3B | -12% | +46% | 20% | 17.2× | n/a |
| Wharf Reic 1997.HK | $12.6B | +24% | -1% | 73% | 14.8× | n/a |
| New World Development 0017.HK | $1.68B | -46% | +10% | -8% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 0016.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.3% | +7.9% | 8th highest of 21 |
| 6-month return | -18.3% | -4.3% | 4th lowest of 21 |
| Distance from 52-week high | -20.4% | -13.4% | 7th lowest of 21 |
| Revenue growth (TTM) | +17.3% | +4.8% | 4th highest of 21 |
| Operating margin | 25.8% | 21.9% | 10th highest of 21 |
| Forward P/E | 14.1× | 16.5× | 8th cheapest of 21 |
| Bond spread | 83 bp | 103 bp | 4th tightest of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shk Ppt 0016.HK | Hong Kong | $43.5B | -18% | +17% | 26% | 14.1× | n/a | n/a |
| CBRE CBRE | United States | $39.1B | -7% | +14% | 3% | 16.3× | n/a | n/a |
| Mitsubishi Estate 8802.T | Japan | $29.5B | -12% | +17% | 21% | 19.2× | n/a | n/a |
| China Res Land 1109.HK | Hong Kong | $29.1B | -7% | -12% | 16% | 8.9× | n/a | n/a |
| Mitsui Fudosan 8801.T | Japan | $27.4B | -5% | -10% | 14% | 14.9× | n/a | n/a |
| CK Asset 1113.HK | Hong Kong | $21.9B | -3% | +48% | 15% | 12.8× | n/a | n/a |
| KE Holdings, Inc. Class A 2423.HK | Hong Kong | $21.4B | +3% | -11% | 6% | 16.8× | n/a | n/a |
| DLF DLF.NS | India | $19.7B | +22% | -29% | 13% | 38.3× | n/a | n/a |
| Swire Properties 1972.HK | Hong Kong | $19.4B | +4% | +6% | 49% | 18.3× | n/a | n/a |
| Sumitomo Realty & Development C 8830.T | Japan | $18.8B | -34% | +5% | 29% | 12.8× | n/a | n/a |
| China Overseas 0688.HK | Hong Kong | $18.4B | -13% | +4% | 11% | 10.2× | n/a | n/a |
| Henderson Land 0012.HK | Hong Kong | $18.3B | -12% | +46% | 20% | 17.2× | n/a | n/a |
| Hongkong Land H78.SI | Singapore | $17.7B | -1% | -25% | 23% | 20.9× | n/a | n/a |
| Jones Lang LaSalle JLL | United States | $16.9B | +12% | +11% | 5% | 13.4× | n/a | n/a |
| Vonovia VNA.DE | Germany | $16.1B | -24% | -17% | 40% | 9.4× | n/a | n/a |
| Swiss Prime Site SPSN.SW | Switzerland | $13.0B | +1% | -12% | 76% | 31.7× | n/a | n/a |
| Sino Land 0083.HK | Hong Kong | $12.8B | -20% | +15% | 34% | 20.4× | n/a | n/a |
| Wharf Reic 1997.HK | Hong Kong | $12.6B | +24% | -1% | 73% | 14.8× | n/a | n/a |
| Lodha Developers LODHA.NS | India | $12.5B | +22% | +21% | 31% | 27.0× | n/a | n/a |
| China Res Mixc 1209.HK | Hong Kong | $12.1B | -14% | +10% | 28% | 18.4× | n/a | n/a |
| Klepierre LI.PA | France | $11.6B | +8% | +3% | 63% | 13.1× | n/a | n/a |
Shk Ppt has 2 bonds outstanding with $1.30B face value. The agencies rate it A+; its bonds trade like AA-. Weighted yield 5.42%, a spread of 83 bp over government bonds.