• Sat
  • Dec 27, 2014
  • Updated: 6:42pm

Wharf

Originally known as The Hong Kong and Kowloon Wharf and Godown Company, Ltd, The Wharf Holdings Ltd was founded in 1886 and is used to run wharfage and dockside warehousing. Its operations now span property, hotels, transport and warehousing. It owns the iconic Star Ferry, two major flagship properties in the Harbour City and Times Square shopping centres in Hong Kong, i-CABLE, Cable TV, Wharf T&T, and Modern Terminals.

Core profit up 8pc at Wheelock & Co

Wharf, which has mainland projects including a commercial  development in Changsha, Hunan province, contributed HK$5.8 billion to Wheelock & Co's core profit. Photo: Peggy Sito

Wheelock & Co has announced a 8 per cent rise in its core profit to HK$7.82 billion for last year, but net earnings declined because of a lower net gain in revaluation of investment properties.

Friday, 28 March, 2014, 3:43pm

Wharf chases volume to hit sales goal

Stephen Ng said Wharf would not hold out for higher selling prices on the mainland. Photo: K.Y. Cheng

Property conglomerate Wharf will seek to meet a 10 per cent higher sales target in a softer mainland market by pursuing sales volume rather than holding out for high selling prices.

The company revealed the rise in this year's sales target to 23 billion yuan (HK$29 billion) after reporting underlying profit grew 2 per cent to HK$11.29 billion last year.

28 Mar 2014 - 1:41am 1 comment

Wheelock core interim profit rise 40 per cent to HK$4.76 billion

Wheelock owns four sites in Tseung Kwan O South on which 2,500 flats can be built. Photo: Nora Tam

Property and logistics conglomerate Wheelock and Co said its core profit, excluding property revaluations and exceptional items, rose 40 per cent to HK$4.76 billion in the first half of the year.

30 Aug 2013 - 1:55am

Wharf confident on retail outlook

Deputy chairman Stephen Ng, at the results briefing yesterday, is optimistic on rents. Photo: Edward Wong

The Wharf (Holdings) plans to strengthen its retail property income by renovating its shopping malls in Hong Kong and adding to its commercial projects on the mainland.

28 Aug 2013 - 2:35am

Wharf's China spree set to pay off

Wharf is growing its commercial portfolio in many mainland cities.

Wharf (Holdings) is looking forward to reaping the benefits of an aggressive acquisition binge on the mainland that has expanded its land bank to 18 million square metres since 2007. Last year, the conglomerate accelerated its investment in the mainland by acting as a white knight to rescue financially troubled Greentown China.

2 Apr 2013 - 6:59am

Wharf aims for higher sales amid record profits

Times Square owner Wharf has had record profits. Photo: Martin Chan

Defying Beijing's tough measures to cool the property market, The Wharf (Holdings) plans to fork out nearly 30 billion yuan (HK$37 billion) to expand its retail-office-hotel portfolio over the next three years.

27 Mar 2013 - 5:01am

Robust mainland sales drive Wharf's record profit

Revenue from Wharf's malls rose 14 per cent. Photo: Bloomberg

Property conglomerate Wharf (Holdings) saw its core interim profit jump 49 per cent to a record HK$5.43 billion, but the company remained cautious about the second half of the year.

The first-half performance was powered by strong sales on the mainland, where Wharf's annual sales target of 10 billion yuan has already been met by this month and outpaced last year's sales.

24 Aug 2012 - 2:47am

Outdoor chic for gentlemen

Outdoor chic for gentlemen

Built for the ultimate metropolis man, the Victorinox Slim Flight in orange (HK$400) contains a key ring and detachable USB flash drive. From Victorinox, IFC Mall, Central, tel: 2730 1847

Indulge in some sole therapy with these Palladium boots (HK$1,190). From Harvey Nichols, Pacific Place, Admiralty, tel: 3968 2668

24 Aug 2012 - 12:19pm

Wharf reports hefty rise in first-half profit, core earnings hit new record

Wharf Holdings’ Wheelock Square in Puxi, Shanghai, which was completed in mid-2010. Photo: Wharf

Wharf (Holdings) (0004.HK) said on Thursday that first half attributable profit rose by almost two thirds to HK$23.65 billion, powered by a strong performance in China.

It said core interim profits rose by 49 per cent year-on-year to a new high of HK$5.43 billion.

23 Aug 2012 - 3:32pm

Doraemon celebration at Ocean Terminal

Doraemon celebration at Ocean Terminal

Children pose with Doraemon figures holding different gadgets in an exhibition at the Ocean Terminal forecourt in Tsim Sha Tsui as part of the exhibition "100 Years Before the Birth of Doraemon", which runs until September 3 at Harbour City. Photo: Sam Tsang

15 Aug 2012 - 11:12am

Letters

Subways have no link to waterfront

Time and again, the government has emphasised that Victoria Harbour is an important social and economic asset for Hong Kong. Several studies have been conducted to assess connectivity with the harbourfront.

15 Aug 2012 - 10:43pm

Space crusader

When Cissy Pao Watari returned from the US in 1992, she found her hometown wasn't a right environment for her to create freely. As one of the four daughters of the late tycoon Pao Yue-kong, she was not an unknown artist in Hong Kong as she used to be in New York.

24 Jun 2012 - 12:00am

English Premier League TV rights deal to hit fans

Hong Kong soccer fans can expect to pay more to watch English Premier League matches after the signing of a record-breaking GBP3 billion (HK$36 billion) broadcasting deal in Britain.

17 Jun 2012 - 12:00am

Wheelock wins new lease for Ocean Terminal

Wheelock and Co and subsidiary The Wharf (Holdings) have agreed a land premium of HK$7.9 billion to renew the lease of Ocean Terminal in Tsim Sha Tsui for another 21 years, removing the uncertainty hanging over the property.

There had been doubts about whether the government would renew the lease on the property, an important revenue source for the two companies.

6 Jun 2012 - 12:00am

Shop prices just keep on soaring

Rents and prices for ground-level shops in Causeway Bay are soaring as global brands scramble to open stores in the second most expensive retail precinct in the world - raising doubts about how sustainable the trend is given the gloomy economic outlook.

26 May 2012 - 12:00am

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