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Last $0.12 HKD
Change Today +0.001 / 0.84%
Volume 9.8M
488 On Other Exchanges
Hong Kong
As of 3:01 AM 11/25/15 All times are local (Market data is delayed by at least 15 minutes).

lai sun development (488) Snapshot

Previous Close
Day High
Day Low
52 Week High
05/5/15 - $0.23
52 Week Low
11/18/15 - $0.11
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
Current Stock Chart for LAI SUN DEVELOPMENT (488)

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lai sun development (488) Details

Lai Sun Development Company Limited invests in, develops, leases, and sells real estate properties in Hong Kong, Vietnam, and internationally. It operates through Property Development and Sales, Property Investment, Hotel Operation, Restaurant Operation, and Others segments. The company also operates and manages hotels and restaurants; and provides property management, security, and consultancy services to residential, office, industrial, and commercial properties, as well as hotels and restaurants. In addition, it offers project management services to property development projects; real estate agency services; finance services; and treasury operation services. The company is headquartered in Central, Hong Kong. Lai Sun Development Company Limited is a subsidiary of Lai Sun Garment (International) Limited.

1,300 Employees
Last Reported Date: 11/11/15

lai sun development (488) Top Compensated Officers

Chief Executive Officer, Executive Director a...
Total Annual Compensation: $4.6M
Executive Chairman, Member of Executive Commi...
Total Annual Compensation: $18.2M
Deputy Chairman, Member of Executive Committe...
Total Annual Compensation: $8.1M
Executive Director and Member of Executive Co...
Total Annual Compensation: $1.7M
Senior Vice President
Total Annual Compensation: --
Compensation as of Fiscal Year 2015.

lai sun development (488) Key Developments

Lai Sun Development Co. Ltd. Reports Audited Consolidated Cash Flow Results for the Year Ended July 31, 2015

Lai Sun Development Co. Ltd. reported audited consolidated cash flow results for the year ended July 31, 2015. For the year, the company reported net cash flows from operating activities of HKD 396,905,000 against HKD 446,089,000 for the same period a year ago. Purchases of items of property, plant and equipment was HKD 1,622,402,000 against HKD 64,926,000 for the same period a year ago. Additions to investment properties was HKD 1,373,780,000 against HKD 837,915,000 for the same period a year ago.

Lai Sun Development Co. Ltd. Announces Audited Consolidated Earnings Results for the Full Year Ended July 31, 2015

Lai Sun Development Co. Ltd. announced audited consolidated earnings results for the full year ended July 31, 2015. For the period, the company's turnover was HKD 1,541,686,000 compared with HKD 2,109,647,000 a year ago. The decrease in turnover was primarily due to the sale of over 90% of the residential units in Ocean One being completed prior to 31 July 2014 and less properties being available for sale in 2015. Profit from operating activities was HKD 1,863,537,000 compared with HKD 1,476,985,000 a year ago. Profit before tax was HKD 2,127,891,000 compared with HKD 1,602,137,000 a year ago. Profit for the year was HKD 2,048,494,000 compared with HKD 1,511,648,000 a year ago. Profit attributable to owners of the company was HKD 2,018,262,000 or HKD 0.100 per diluted share compared with HKD 1,478,730,000 or HKD 0.073 per diluted share a year ago. The substantial increase is a mix of lower profit before revaluation of the group's investment properties and a substantial increase in revaluation of the group's investment properties during the year under review. Increase in property, plant and equipment of approximately HKD 1,826 million mainly includes additions to a hotel development project as disclosed in the company's circular dated June 20, 2014 amounting to approximately HKD 1,844 million.

Lai Sun Development Co. Ltd. Recommends Final Dividend for the Financial Year Ended July 31, 2015, Payable on or About January 29, 2016

The Directors of Lai Sun Development Co. Ltd. have resolved to recommend the payment of a final dividend of HKD 0.25 cent per share (2014: HKD 0.25 cent per share), amounting to HKD 50,236,000 for the financial year ended July 31, 2015 to shareholders of the company whose names appear on the Register of Members of the company on December 22, 2015 subject to the approval of Shareholders at the forthcoming annual general meeting of the company to be held on December 11, 2015. It is expected that the final dividend warrants and share certificates for the scrip dividend will be despatched to Shareholders on or about January 29, 2016.


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Valuation 488 Industry Range
Price/Earnings 1.2x
Price/Sales 1.6x
Price/Book 0.1x
Price/Cash Flow 1.2x
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