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Last $0.39 HKD
Change Today 0.00 / 0.00%
Volume 5.3M
201 On Other Exchanges
Hong Kong
As of 4:01 AM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

magnificent estates (201) Snapshot

Previous Close
Day High
Day Low
52 Week High
08/7/14 - $0.42
52 Week Low
03/26/15 - $0.27
Market Cap
Average Volume 10 Days
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Dividend Yield
Current Stock Chart for MAGNIFICENT ESTATES (201)

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magnificent estates (201) Details

Magnificent Estates Limited, an investment holding company, invests in and operates hotels. It owns and operates 6 hotels with 2,037 rooms. The company is also involved in property investment, development, and rental; securities investment and trading; and treasury investment businesses. It has operations in Hong Kong, Macau, and the People’s Republic of China. The company is based in Central, Hong Kong. Magnificent Estates Limited is a subsidiary of Shun Ho Technology Holdings Limited.

magnificent estates (201) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $7.4M
Executive Director, Director of Shun Ho Resou...
Total Annual Compensation: $1.7M
Compensation as of Fiscal Year 2013.

magnificent estates (201) Key Developments

Magnificent Estates Seeks Acquisitions

Chairman William Cheng Kai-man of Magnificent Estates Limited (SEHK:201) sees the opportunity to expand at a time when the market is in a downward cycle. "Previously, owners were not interested to sell at all," Cheng said, "We absolutely will have more opportunities to buy than before."

Magnificent Estates Limited Recommends Special Cash Dividend

In order to pay out a special cash dividend in the amount of approximately HKD 268.41 million to all shareholders upon completion of the Restructuring Proposal, the Magnificent Estates Limited Board has resolved to recommend to the company shareholders for approval a special distribution of cash dividend in the amount of HKD 0.03 per MEL Share subject to, amongst others, approval by the MEL Independent Shareholders at the EGM.

Magnificent Estates Limited Board Recommends Interim Dividend and Final Dividend for the Year Ended 31 December, 2014, Payable on July 17, 2015; Reports Audited Consolidated Earnings Results for the Full Year Ended December 31, 2014

Magnificent Estates Limited Board recommended the payment of a final dividend of 0.575 Hong Kong cent per share for the year ended 31st December, 2014 (2013: 0.575 Hong Kong cent per share) and will be payable on 17th July, 2015 to shareholders whose names appear on the register of members of the Company on 3rd July, 2015. With reference to the announcement of 2014 interim results of the Company dated 14th August 2014, shareholders are reminded that an interim dividend of 0.2 Hong Kong cent per share for the six months ended 30th June, 2014 is also payable on 17th July, 2015 to shareholders whose names appear on the register of members of the Company on 3rd July, 2015. Therefore, shareholders whose names appear on the register of members of the Company on 3rd July, 2015 will receive dividends for a total sum of 0.775 Hong Kong cent per share which is the same as the total dividend of 2013. Subject to the approval of the shareholders at the AGM for the proposed final dividend, the register of members of the company will be closed from 29th June 2015 to 3rd July, 2015, both dates inclusive, during which period no transfer of shares of the Company will be registered, for the purpose of ascertaining shareholders' entitlement to the proposed final dividend. In order to qualify for the proposed final dividend, all transfers of shares accompanied by the relevant share certificates must be lodged with company's Share Registrars, Tricor Tengis Limited, at Level 22, Hopewell Centre, 183 Queen's Road East, Hong Kong for registration not later than 4:30 p.m. on 26th June, 2015. The company reported audited consolidated earnings results for the full year ended December 31, 2014. For the period, the company reported revenue of HKD 648,423,000 against HKD 688,736,000 a year ago. Profit before taxation was HKD 969,124,000 against HKD 688,645,000 a year ago. Profit for the period attributable to owners of the company was HKD 905,672,000 or 10.12 cents per basic and diluted share against HKD 622,770,000 or 6.96 cents per basic and diluted share a year ago. The operating profit for the year was decreased by HKD 19 million. It was mainly due to the disposal of Best Western Hotel Taipa, Macau during the year which contributed to the reduction of operating profit for the year amounted to HKD 27 million. Adjusted net asset value per ordinary share was HKD 1.36 compared to HKD 1.35 a year ago.


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Price/Sales 5.3x
Price/Book 0.6x
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