Founded in 1900, The Sincere Company Ltd is one of Hong Kong’s oldest retail groups, and operates four four department stores in Hong Kong. 

Department store Sincere sees losses almost triple

Philip Ma

Investment losses and startup rental costs saw rapidly expanding Hong Kong department store operator Sincere report a loss of HK$33 million for the six months to August, nearly triple that recorded in the same period last year.

Friday, 1 November, 2013, 3:23am

Chong Hing sale sounds alarm bells for Hong Kong's small businesses

Chong Hing has been a witness of Hong Kong's ups and downs since it was founded in 1948.

The sale of Chong Hing Bank, one of the four remaining family-owned banks in Hong Kong, may be good news for its shareholders who can cash out at a high premium, but it is sad news to many Hongkongers when we try to find a way for the city's small businesses to prosper.

28 Oct 2013 - 7:53am 4 comments

Sincere moving its stores above ground level

Philip Ma King-huen, deputy chairman and chief executive of Sincere. Photo: Jonathan Wong

Sincere is joining a parade of lifestyle retailers and eateries moving upstairs to escape soaring ground-level retail rents.

27 Jul 2013 - 5:02am

Sincere looks for Christmas boost to lift its earnings

Christmas spending is expected to help department store operator Sincere maintain full-year turnover at last year's level, according to managing director Philip Ma King-huen.

27 Nov 2002 - 12:00am


Department store operator Sincere reported a net loss of HK$76.44 million for the six months to August, an improvement from a HK$79.86 million loss a year earlier. The company said a spending slump took a heavy toll on its operations. Turnover slid 33.37 per cent to HK$142.63 million. Loss per share was 13.31 HK cents against 13.91 HK cents previously.

22 Nov 2002 - 12:00am

Store operator sees its loss widen by 50pc

Department-store operator Sincere's business deteriorated in the six months to August 31, with the company's loss increasing more than 50 per cent.

The company posted a net loss of HK$70.27 million for the period, up from HK$46.25 million in the same period last year.

Turnover was down 62.57 per cent to HK$205 million from HK$547.78 million previously.

17 Nov 2000 - 12:00am

Top lineup changes at Sincere

SINCERE has announced a management shuffle with the appointment of Philip Ma as president of Hong Kong operations while Selwyn Mar will move over to become president of the company's fledgling mainland operations.

Mr Ma, who was previously executive director, said the decision was based on the company's need to better focus on each geographical area.

16 Nov 1993 - 12:00am

Sincere holds press meeting

SINCERE will hold a press conference tomorrow to settle the controversy surrounding its payment of special bonuses to directors.

The company announced yesterday that chairman Walter Ma would meet the press to ''answer and clarify any questions referring to the special bonus issue''.

15 Aug 1993 - 12:00am