sector: Financials ·
industry: Investment Services ·
Sun Hung Kai & Co. Limited is a Hong Kong-based investment holding company. The Company operates in six business segments: wealth management, brokerage and margin, corporate finance, asset management, consumer finance, principal investments-Healthcare and principal investments-Others. Wealth Management, brokerage and margin finance provides financial planning, wealth management service, broking services, insurance broking, online financial services and information, securities margin financing, dealing in securities, funds, leveraged foreign exchange, bullion, commodities, futures and options. Corporate finance provides corporate finance services and structured finance. Asset management provides asset management including funds marketing and management. Consumer finance provides consumer financing. Principal investments-Healthcare provides healthcare services. Principal investments-Others provides strategic investments and properties holding and rental.
BRIEF: For the six months ended 30 June 2009, Sun Hung Kai& Co. Limited's revenues decreased 16% to HK$1.5B. Net income increased 10% to HK$507.2M. Revenues reflect lower income from Corporate finance segment and decreased income from Asset management. Net income was offset by decreased brokerage & commission expenses, lower direct cost & other operating expenses, decreased administrative expenses and lower finance cost.
Sun Hung Kai & Co. Limited
Level 12
One Pacific Place
88 Queensway