Swire Properties Limited

1972
Failed

Company Overview

Swire Properties Limited (the “Company”) is a leading integrated project developer, owner and operator in Hong Kong and mainland China. The company is particularly focused on developing commercial real estate projects to create long-term value by revitalizing the urban environment. Our business includes three areas: property investment, property trading, and hotel investment. The company was founded in Hong Kong in 1972 and listed on the Hong Kong Stock Exchange Limited. It employs a total of about 5,600 employees, including its subsidiaries. There are more than 2,200 retail stores in the company's shopping malls, and it is estimated that more than 72,000 people work in the company's office buildings. In Hong Kong, our investment properties include Taikoo Place, Pacific Place and Taikoo Shing Centre. In mainland China, the company has six large-scale commercial development projects already in operation in Beijing, Guangzhou, Chengdu and Shanghai. The company has operations in the luxury and high-quality housing markets of Hong Kong, Indonesia, Vietnam and Thailand, and also has land reserves in Miami, USA. Swire Hotels develops and manages hotels in Hong Kong, mainland China and the US. Highlight our development philosophy and operating strategy. It emphasizes innovative thinking and a long-term perspective, and pushes us to seek new perspectives on development. Its outstanding originality also motivates us to continuously innovate. Innovation and transformation are the key to our early pioneering opportunities, understanding the development potential of project locations, and building vibrant communities, so we can maintain our growth advantage and create lasting value for our stakeholders.

Country
HK
Market Cap
$11.77B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview

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
Business Compliance
4.43% passed
5% Threshold
4.4%
Liabilities Compliance
44.87% failed
33% Threshold
44.9%
Final Shariah Status
Failed

This stock does not meet all Shariah compliance criteria according to AAOIFI standards.

Stock Information
Name Swire Properties Limited
Ticker 1972
Main Business Real Estate Services
Type Common Stock
Industry Real Estate Investment
Country HK
Market Cap $11.77 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Property Investment $12,340.0 $0.0 Gross rental income derived from offices, retail and residential
Property Trading $921.0 $0.0 -
Hotels $565.0 $565.0 -
Interest income $172.0 $172.0 -
Other gains $79.0 $9.3 Gains on disposal of investment properties
Gains on disposal of subsidiary companies $520.0 $0.0 -
Change in fair value of investment properties $801.0 $0.0 -
Share of profit less losses of joint venture companies $1,443.0 $0.0 -
Share of profit less losses of associated companies $12.0 $0.0 -
Total $16,853.0 $746.3 4.43% (passed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
bank loans and overdrafts $969,230,769.2 8.24%
long term bank loan $4,308,974,359.0 36.61%
derivative financial instruments non current liabilities $2,820,512.8 0.02%
Total Interest-Bearing Debt $5,281,025,641.0 44.87%
Market Capitalization $11,768,974,359.0 100.00%
Compliance Status Threshold: 33% failed