Shun Tak Holdings (0242.HK)

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Macau casino heiress Pansy Ho’s wild past firmly behind her as she presides over multibillion empire from The Peak

Ryan Swift
PUBLISHED : Monday, 30 July, 2018, 4:02pm
UPDATED : Monday, 30 July, 2018, 5:34pm

Pansy Ho Chiu-king must be feeling confident these days.

Her main business, Shun Tak Holdings, posted a 66 per cent year on year increase in revenue to nearly HK$6.4 billion (US$815.4 million) and reversed a net loss of nearly HK$600 million in 2016 to net profit of HK$1.4 billion, thanks to property sales and an improving business environment in Macau. And her company is part of the consortium that has won exclusive rights to a bus service operating on the Hong Kong-Zhuhai-Macau bridge. And she has promoted herself from managing director to group executive chairman of Shun Tak Holdings.

And to put the cherry on top, Ho, with a net worth estimated at US$4.8 billion, just dropped US$114.6 million for a house on The Peak – one of the most prestigious districts in Hong Kong.

It’s a remarkable turn for a woman who, in the 1990s, was considered a party-going socialite rather than a businesswoman. She could be spotted on beaches in Thailand, most notoriously with her bad-boy lover Gilbert Yeung, or captured by the paparazzi at nightclubs in Hong Kong.

Nowadays, she is more likely to be seen at high-minded cultural events, or spending time secluded aboard her yacht in the Mediterranean.

Ho is one of 17 children by Stanley Ho, one of the world’s best-known casino moguls. Uniquely among Stanley Ho’s children, Pansy has publicly emerged as heir-apparent. She has shareholdings in SJM Holdings and MGM China.

More details in https://www.scmp.com/business/companies/...nd-her-she

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Shun Tak 2018 profit surges 220 per cent, lifted by residential sales, and one-off disposal
* The property to transport conglomerate reported 2018 net earnings of HK$4.65 billion (US$592.4 million)
* Revenue rose 3 per cent to HK$6.6 billion
* Shun Tak sold a 50 per cent stake in Nova Mall to a subsidiary of the Abu Dhabi Investment Authority, booking a one-time gain of HK$1.3 billion

Daniel Ren  
Published: 8:00am, 28 Mar, 2019

Shun Tak Holdings, the property to transport conglomerate controlled by casino billionaire Pansy Ho Chiu-king, said its profits in 2018 more than tripled, buoyed by sales of residential units and a disposal gain of a stake at its Nova Grand development in Macau.

The company reported 2018 net earnings of HK$4.65 billion (US$592.4 million), up 220 per cent from 2017. Revenue rose 3 per cent to HK$6.6 billion.

“Overall, in a year of strategic investment and some new beginnings, the group’s results have proved very satisfactory, representing solid momentum that we expect to continue into the year to come,” Ho, executive chairman of Shun Tak, said in a statement on Wednesday.

In December, Shun Tak sold a 50 per cent stake in Nova Mall to a subsidiary of the Abu Dhabi Investment Authority, booking a one-time gain of HK$1.3 billion.

Excluding unrealised fair value changes on investment properties, the company’s net profit in 2018 jumped 104 per cent to HK$2.53 billion.

Its shares climbed 3.2 per cent to HK$2.90 on Wednesday ahead of the after-hours results announcement. The price was 17.9 per cent higher than last year’s close of HK$2.46.

In 2018, Shun Tak boosted its land bank in China as the company said it looked to “diligently expand its portfolio of mixed-use projects in top-tier cities.”

More details in https://www.scmp.com/business/companies/...tial-sales