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Hong Kong-based developer of residential and commercial property in Hong Kong and mainland China, part of the Kuok/Kerry Group.
Hong Kong-based developer of residential and commercial property in Hong Kong and mainland China, part of the Kuok/Kerry Group.
Profit comes in two streams: sales of newly built homes, recognised in lumps when projects are completed and handed over, and rent from offices and shopping centres it owns, notably in Shanghai. The rent side steadies the development side. The Kuok family's Kerry group controls it.
In one line: A HK Kuok-family developer, like a smaller Hongkong Land.
Moat: narrow (brand, installed base). Established Kuok-family brand and long-held prime sites in HK and mainland cities.
Headquarters: Hong Kong · Founded: 1978 · Employees: 7,490
Size Kerry Properties (0683.HK) is a Hong Kong Real Estate company (Real Estate Development) with a market value of $3.47B, the 314th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$18.74 on 6 Nov 2026.
Performance Over six months the shares fell 26.1%, against -2.8% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue fell 21.7% over the last twelve months (peer median +6.0%); the operating margin is 23.7% (peer median 22.6%).
Valuation It trades at 14.2× forward earnings against a peer median of 19.0× (7th cheapest of 17).
Next results Next results expected around 18 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$17.8B | HK$19.9B | HK$19.8B | HK$13.3B | HK$14.7B |
| Revenue growth | — | +1% | +49% | -10% | — |
| Gross profit | HK$6.09B | HK$6.04B | HK$6.71B | HK$6.97B | HK$7.14B |
| EBITDA | HK$4.70B | HK$4.29B | HK$4.27B | HK$4.89B | HK$5.39B |
| Net income | HK$1.06B | HK$938M | HK$808M | HK$3.24B | HK$2.75B |
| Free cash flow | HK$10.9B | HK$13.9B | -HK$2.88B | HK$1.37B | -HK$23.4B |
| Capital expenditure | HK$944M | HK$1.44B | HK$5.11B | HK$4.98B | HK$24.7B |
| Total debt | n/a | HK$55.8B | HK$59.6B | HK$56.9B | HK$55.0B |
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 |
|---|---|---|---|---|---|---|
| Kerry Properties 0683.HK | $3.47B | -26% | -22% | 24% | 14.2× | n/a |
| Hongkong Land H78.SI | $17.7B | -1% | -25% | 23% | 20.9× | n/a |
| Wharf Reic 1997.HK | $12.6B | +24% | -1% | 73% | 14.8× | n/a |
| Swire Properties 1972.HK | $19.4B | +4% | +6% | 49% | 18.3× | 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 | 0683.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.3% | +3.8% | 8th highest of 21 |
| 6-month return | -26.1% | -2.8% | 3rd lowest of 21 |
| Distance from 52-week high | -28.2% | -20.6% | 7th lowest of 21 |
| Revenue growth (TTM) | -21.7% | +6.0% | 4th lowest of 21 |
| Operating margin | 23.7% | 22.6% | 11th highest of 21 |
| Forward P/E | 14.2× | 19.0× | 7th cheapest of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kerry Properties 0683.HK | Hong Kong | $3.47B | -26% | -22% | 24% | 14.2× | n/a | n/a |
| Pandox PNDX-B.ST | Sweden | $3.43B | -1% | +15% | 58% | 14.6× | n/a | n/a |
| UNITE UTG.L | United Kingdom | $3.41B | +5% | +12% | 46% | 11.9× | n/a | n/a |
| Hilton Grand Vacations HGV | United States | $3.33B | -10% | +19% | 17% | 9.4× | n/a | n/a |
| Corporacion Inmobiliaria Vesta S.A.B. de C.V. Sponsored ADR VTMX | United States | $3.62B | +6% | +18% | 76% | 19.5× | n/a | n/a |
| China World Trade Center 600007.SS | China | $3.31B | +4% | -4% | 42% | 18.6× | n/a | n/a |
| Cushman & Wakefield CWK | United States | $3.28B | -2% | +10% | 4% | 8.8× | n/a | n/a |
| Quzhou Xin'an Development 600208.SS | China | $3.25B | -43% | -4% | -17% | 52.0× | n/a | n/a |
| Mobimo MOBN.SW | Switzerland | $3.17B | -1% | +15% | 42% | 26.9× | n/a | n/a |
| Allreal ALLN.SW | Switzerland | $3.89B | -8% | +3% | 41% | 24.0× | n/a | n/a |
| Singapore Land U06.SI | Singapore | $3.08B | -25% | +4% | 36% | n/a | n/a | n/a |
| Xiangcai 600095.SS | China | $3.07B | -19% | -3% | 12% | 26.5× | n/a | n/a |
| St. Joe JOE | United States | $3.96B | +6% | +11% | 32% | n/a | n/a | n/a |
| Millrose Properties MRP | United States | $4.00B | -4% | +93% | 85% | 7.9× | n/a | n/a |
| Longfor 0960.HK | Hong Kong | $4.05B | -47% | -42% | 1% | n/a | n/a | n/a |
| C&D International Investment 1908.HK | Hong Kong | $4.11B | -15% | -15% | 7% | 8.2× | n/a | n/a |
| Shanghai Vital Deeptech 600641.SS | China | $4.20B | +14% | +94% | -27% | n/a | n/a | n/a |
| Seazen 601155.SS | China | $4.23B | -15% | -39% | 14% | 31.9× | n/a | n/a |
| Onewo 2602.HK | Hong Kong | $2.84B | +6% | +8% | 3% | 20.6× | n/a | n/a |
| Hangzhou Binjiang Real Estate 002244.SZ | China | $4.27B | -2% | -35% | 6% | 12.8× | n/a | n/a |
| Frasers Property TQ5.SI | Singapore | $2.80B | -20% | -21% | 29% | 26.8× | n/a | n/a |