Henderson Land Development Company Limited
0012Company Overview
Henderson Land Development Limited is a real estate development group with leading positions in Hong Kong and the Mainland, founded by Dr. Lee Shau-ki and Bauhinia Xun in 1976. Its core business includes property development and property investment. In addition, the Company also directly holds shares in two listed subsidiaries, namely Henderson Development Limited and Miramar Hotels & Resorts Limited, as well as two listed joint ventures, namely Hong Kong China Gas Limited (the company holds a share interest in a listed subsidiary, Ganghua Smart Energy Co., Ltd.) and Hong Kong Ferry (Group) Limited. The company was listed in Hong Kong in 1981 and has since developed into one of the largest real estate developers in Hong Kong. As of December 31, 2021, the Company's market capitalization was HK$161 billion. Together with its listed subsidiaries and associated companies, the total market value was approximately HK$421 billion. The company operates in a vertically integrated manner and supports its core business with project management, construction, property management and financial services. All of Henderson Land's businesses are committed to providing the highest quality products, the most satisfactory service, and the most environmentally friendly and sustainable development needs, in order to enhance value for shareholders, customers and the public.
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
| Name | Henderson Land Development Company Limited |
| Ticker | 0012 |
| Main Business | Real Estate—Diversified |
| Type | Common Stock |
| Industry | Real Estate—Diversified |
| Country | HK |
| Market Cap | $14.92 B |
Shariah Analysis Breakdown
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| Property development | $14,635.0 | $0.0 | - |
| Property leasing | $6,731.0 | $6,731.0 | - |
| Department stores and supermarket-cum-stores operations | $1,805.0 | $1,805.0 | - |
| Hotel room operation | $160.0 | $160.0 | - |
| Other businesses | $2,220.0 | $888.0 | hotel and other reasons |
| Other net income | $572.0 | $0.0 | - |
| Bank interest income | $204.0 | $204.0 | - |
| Total | $26,327.0 | $9,788.0 | 27.10% (passed) |
| Liability Item | Value ($M) | % of Market Cap |
|---|---|---|
| bank loans and overdrafts | $3,141,025,641.0 | 21.05% |
| other loans current liabilities | $34,358,974.4 | 0.23% |
| long term bank loan | $2,492,307,692.3 | 16.70% |
| derivative financial instruments non current liabilities | $173,076,923.1 | 1.16% |
| convertible notes and bonds | $5,339,743,589.7 | 35.78% |
| Total Interest-Bearing Debt | $11,180,512,820.5 | 74.92% |
| Market Capitalization | $14,923,333,333.3 | 100.00% |
| Compliance Status | Threshold: 33% | failed |