• Tue
  • Dec 23, 2014
  • Updated: 5:05am

Shun Tak Holdings

Shun Tak Holdings is the property, transport, hospitality and investment arm of gambling mogul Stanley Ho Hung-sun, who controlled the company until late 2010 when it was restructured. The company’s shipping division, operates ferry services between Hong Kong and Macau.

Shun Tak boosts first-half core profit 225.6pc on strong property sales

Shun Tak’s hospitality business benefited from a record-breaking visitor numbers for Macau in the first half, with operating profit rising 20 per cent. Photo: Bloomberg

Underlying profit at Shun Tak Holdings, which runs businesses from property to shipping and hotels, surged 225.61 per cent year on year to HK$534 million in the first half of the year, driven mainly by strong property sales.

Friday, 29 August, 2014, 3:07pm

Shun Tak interim net profit falls 33pc to HK$672m as revaluation gains drop

Shun Tak now holds a stake in Jetstar Hong Kong. Photo: AFP

Shun Tak said its first-half net profit fell 33 per cent year on year to HK$672 million but that Macau and Hong Kong property would boost earnings in the second half.

22 Aug 2013 - 2:13am

Jetstar Hong Kong hopes Shun Tak deal will secure licence

Jetstar Hong Kong's long wait to receive an operating licence may be coming to an end.

The low-cost carrier (LCC) joint venture between China Eastern Airlines and Qantas' Jetstar Group is now more confident that with a local shareholder the government will recognise it as a Hong Kong-designated carrier and give it a licence.

7 Jun 2013 - 3:46am

Stanley Ho's Shun Tak buys 33pc stake in Jetstar Hong Kong

(From left) Jetstar chief executive Bruce Buchanan, Qantas chief executive Alan Joyce and China Eastern Airlines chairman Liu Shaoyong. Photo: Sam Tsang

Shun Tak Holdings is paying US$66 million for a third of the shares of Jetstar Hong Kong, the low-cost carrier awaiting regulatory clearance. The announcement came two days after the Hong Kong government said it had stopped processing applications of new airlines.

29 Aug 2013 - 4:13am

Property sales boost double dividend at Shun Tak

Shun Tak Holdings' TurboJET service carried 13.9 million passengers between Hong Kong and Macau last year. Photo: SCMP

The company said core earnings amounted to HK$453 million for the year to December, up from HK$384 million in 2011. Taking into account HK$2.11 billion in revaluation gains from investment properties, net profit was HK$2.56 billion last year, more than triple the HK$781 million recorded in 2011.

26 Mar 2013 - 5:43am

Stock Watch: Shun Tak Holdings

Stanley Ho's Sociedade de Jogos de Macau held the only casino licences in Macau until 2002. Photo: Robert Ng

Media attention on Stanley Ho Hung-sun fixates on his colourful personal life and family, and the acrimonious battle over his assets a couple years back.

Lest we forget, Ho also founded Sociedade de Jogos de Macau (SJM), the pioneer casino operator in Macau, on which he built a highly profitable Macau-Hong Kong conglomerate spanning gaming, property and transport.

5 Nov 2012 - 3:25am

Shun Tak plans top hotel for Macau

Shun Tak Holdings, which runs businesses ranging from property to shipping and hotels, says it plans to build 'an ultra-luxury hotel' on Macau's Cotai strip in view of the strong growth in its hospitality business.

27 Mar 2012 - 12:00am

Shun Tak issue puts focus on odd lots

Shun Tak Holdings' rights issue has highlighted the loophole that allows holders of odd-lot shares to benefit from highly discounted issues. Odd lots are those that have less than the number of shares in a normal lot.

12 Mar 2012 - 12:00am

Lai See

Now chief secretary's car gets in on the double-parking act

1 Dec 2011 - 12:00am

Stanley Ho moves stake to daughters' firm

Casino mogul Stanley Ho Hung-sun transferred part of his personal stake in Shun Tak Holdings to a company that is owned by his daughters. A stock exchange filing shows that on November 29, Ho reduced his holdings from 20.27 per cent to 8.74 per cent. Ranillo Investments' stake in Shun Tak increased from 6.83 per cent to 18.39 per cent.

2 Dec 2010 - 12:00am

Stanley Ho back in the saddle after blood clot, says family

Tycoon Stanley Ho Hung-sun is making a good recovery and rumours that his condition is fast deteriorating were not correct, his daughter has said.

20 Sep 2009 - 12:00am

Property sales boost Shun Tak net 52.7pc to beat market target

Shun Tak Holdings posted forecast-beating annual earnings for last year as a result of better property sales.

Net profit jumped 52.7 per cent to HK$1.01 billion from HK$663.9 million in the previous year. That topped the average forecast of HK$926.3 million by 11 analysts polled by Thomson Financial.

9 Apr 2008 - 12:00am

Protest call to residents

An environmental group is asking residents of a Mid-Levels development to request that a developer lower the density of a proposed two-tower, 50-storey project before they sell their flats to the consortium.

18 Mar 2008 - 12:00am

Residents urged to oppose development

An environmental group is asking residents of a Mid-Levels development to request that a developer lower the density of a proposed two-tower, 50-storey project before they sell their flats to the consortium.

18 Mar 2008 - 12:00am

28 remain in hospital after ferry collision

Sixteen Hong Kong passengers were among 28 injured people still in hospital last night as a result of Friday's collision between two high-speed ferries off Macau.

Marine authorities said they had not yet discovered the cause of the collision, which occurred in thick fog and injured 133 passengers.

13 Jan 2008 - 12:00am

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