Wharf Real Estate Investment Company Limited
1997Company Overview
Wharf Land Properties Investment Limited (“Wharf Land”) (stock code: 1997) is a constituent stock of the Hong Kong Stock Exchange's Hang Seng Index. Wharf Land is one of the largest real estate companies in Hong Kong and has an outstanding track record in operating and investing in landmark properties. The Group owns a portfolio of six high-quality Hong Kong assets, Harbour City, Times Square, Fairfield Tower, Hong Kong Murray Hotel, and Hollywood Plaza, as well as two high-quality commercial projects in Singapore: Tak Fung Plaza and ScottsSquare Shopping Mall. The Group's flagship projects, Harbour City in Tsim Sha Tsui and Times Square in Causeway Bay, are located in two of the most popular shopping locations and the busiest commercial district. The two landmark properties have a rare 999 year title and are huge in scale, attracting local shoppers and tourists, and a huge influx of people. The two flagship properties have always maintained strong cooperative relationships with internationally renowned luxury brands, and have also been high-end consumer destinations for a long time. Hui Tak Fung Building and Crawford Building are located in the central business district of Hong Kong. They are rare 999-year land leases. Both projects are high-quality assets. The Crawford Tower also has the longest streetfront retail store on the bustling Queen's Road. The Murray Hotel, Hong Kong is a luxury hotel with 336 rooms. It was converted from the historic Murray Tower and has a landmark arch design. It is a landmark in the government's “Preserving Central” project. Hollywood Plaza, a subsidiary of the Group, is a leading regional shopping mall in Kowloon East. It has more than 290 stores and restaurants, and the customer base has expanded to the rapidly developing East Kowloon. In Singapore, Huidefeng Plaza and ScottsSquare Shopping Mall are located in the heart of the famous Orchard Road retail, hotel and office belt. ScottsSquare is a freehold property. Jiulong Cang Real Estate is committed to fulfilling its responsibilities as a good corporate citizen and has spared no effort in promoting a series of “Social and Corporate Empowerment” projects to help people from different strata and with different needs in society. In addition to the “School Startup” program, the “Kowloon Hong Kong Middle School Student Painting Competition”, the “Kowloon Art Scholarship Program” and the “Architectural Design Internship Program” have also entered their 10th anniversary and have received much attention and recognition from all sectors.
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 | Wharf Real Estate Investment Company Limited |
Ticker | 1997 |
Main Business | Real Estate Services |
Type | Common Stock |
Industry | Real Estate Investment |
Country | HK |
Market Cap | $10.29 B |
Shariah Analysis Breakdown
Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
---|---|---|---|
Revenue | $13,306.0 | $0.0 | - |
Interest income | $0.0 | $0.0 | - |
Total | $13,306.0 | $0.0 | 0.00% (passed) |
Liability Item | Value ($M) | % of Market Cap |
---|---|---|
bank loans and overdrafts | $973,076,923.1 | 9.46% |
derivative financial instrument current liabilities | $46,666,666.7 | 0.45% |
long term bank loan | $3,824,358,974.4 | 37.17% |
derivative financial instruments non current liabilities | $280,769,230.8 | 2.73% |
Total Interest-Bearing Debt | $5,124,871,794.9 | 49.81% |
Market Capitalization | $10,289,230,769.2 | 100.00% |
Compliance Status | Threshold: 33% | failed |