HKR International is a developer focusing on Lantau and a resort and hotel operator.

In August last year, Morgan Stanley Dean Witter recommended the company as a strong buy.

HKR has outperformed the Hang Seng Index since September 1998. HKR had a lower than expected net profit last year because of $1.4 billion in asset writedowns - including $1.23 billion on its 30 per cent stake in Phase II of Tung Chung MTR Station - to reflect the property slide.