1. Hong Kong Stocks

  2. •

    Consumer services

  3. •

    Hotels/Resorts/Cruise lines
Harbour Centre Development Limited

Harbour Centre Development Limited

HHKEX:51
5.70
HKD
+0.10
(+1.70%)
3.03BMarket Cap
Mar 02Next Earn
Harbour Centre Development Limited
HKEX:51
(Hong Kong Exchange)

Recent

price

5.70

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
HKD
0.94
1.83
8.83
8.12
7.96
7.12
5.02
9.87
2.23
1.97
4.67
6.33
1.61
2.23
1.91
1.9
- -
Revenue per Share
1.43
1.55
4.31
1.8
1.53
1.74
0.98
1.86
1.17
0.17
-1.58
-0.03
-0.28
-0.15
-0.1
-0.33
- -
Basic EPS, GAAP
3.16
3.14
3
-4.57
1.93
2.84
1.72
1.77
-0.72
1.42
0.24
1.55
-0.22
0.36
0.3
0.46
- -
Free Cash Flow per Basic Share
0.2
0.21
0.66
0.78
0.6
0.62
0.7
0.5
0.63
0.3
0.22
0.07
- -
- -
- -
0.05
- -
Dividend per Share
15.06
16.17
20.59
21.7
22.86
22.83
22.33
24.76
24.37
24.1
21.84
22.03
21.34
20.22
20.06
21.14
21.14
Book Value per Share
15.06
16.17
20.59
21.7
22.86
22.83
22.33
24.76
24.37
24.1
21.84
22.03
21.34
20.22
20.06
21.14
21.14
Tangible Book Value per Share
709
709
709
709
709
709
709
709
709
709
709
709
709
709
709
709
709
Basic Weighted Avg Shares
667
1,297
6,261
5,758
5,646
5,048
3,558
6,997
1,583
1,395
3,313
4,484
1,139
1,579
1,354
1,345
- -
Sales/Revenue/Turnover
42.35
37.34
37.67
28.71
19.91
32.13
27.23
58.87
24.32
38.06
15.39
13.11
2.55
25.84
29.84
17.47
- -
Operating Margin (%)
39
47
43
54
63
62
52
40
206
216
202
223
228
214
184
193
- -
Depreciation Expense
1,015
1,096
3,058
1,276
1,082
1,231
692
1,320
831
117
-1,119
-24
-197
-107
-70
-234
- -
Net Income, GAAP
2.78
5.74
21.21
28.59
24.22
26.32
28.92
61.25
9.72
37.71
- -
90.99
- -
- -
- -
- -
- -
Effective Tax Rate (%)
152.09
84.49
48.84
22.16
19.16
24.39
19.45
18.87
52.5
8.39
-33.78
-0.54
-17.3
-6.78
-5.17
-17.4
- -
Profit Margin (%)
6,923
7,580
7,733
5,600
2,994
2,087
-1,312
-3,688
1,087
-1,728
1,237
658
-26
-28
491
855
855
Working Capital
2,450
2,841
2,350
5,738
4,168
4,400
2,450
1,502
2,743
1,835
2,310
1,450
581
504
333
409
409
LT Debt
11,440
12,279
15,563
16,447
17,246
17,330
16,546
18,203
17,889
17,467
15,929
15,937
15,334
14,438
14,330
15,069
15,069
Total Equity
1.98
3.01
10.71
5.61
3.81
5.42
3.27
7.48
1.54
1.49
- -
0.29
- -
- -
- -
- -
- -
Return on Invested Capital (%)
7.41
7.28
18.04
6.06
4.64
4.92
3.06
5.12
4.25
0.55
- -
-0.43
- -
- -
- -
- -
- -
Return on Capital (%)
10.23
9.9
23.47
8.51
6.85
7.6
4.32
7.91
4.77
0.68
-6.87
-0.15
-1.28
-0.73
-0.49
-1.6
- -
Return on Common Equity (%)

Capital Structure

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
32
33
33
LT Borrowings
333
396
409
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
709
709
709
Market Capitalization
3,579
2,835
3,033

Working Capital

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
1,476
1,560
1,695
Cash, Cash Equivalents & STI
431
596
846
Accounts Receivable, Net
27
21
32
Inventories
941
867
779
Total Current Liabilities
985
838
840
Payables & Accruals
- -
- -
- -
ST Debt
32
33
33
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-1.26%
-1.03%
5.16%
Free Cash Flow
-35.3%
41.07%
53.77%
Net Income, GAAP
-35.54%
155.4%
234.29%
Sales/Revenue/Turnover
9.98%
-3.11%
-0.66%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1,579
2024
- -
- -
1,354
2025
- -
- -
1,345

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-0.15
2024
- -
- -
-0.1
2025
- -
- -
-0.33

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
0.05
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Business
Harbour Centre Development Limited is an investment holding company principally engaged in hotel ownership and operation; property investment, leasing and development; and related financial and investment activities primarily in Hong Kong, Mainland China and internationally. The company operates through Hotels, Investment Properties, Development Properties, Investments and Others segments, owning and managing flagship hotels including Marco Polo Hongkong Hotel and The Murray, a luxury property in Central converted from the historic Murray Building in 2018; Niccolo Suzhou, a sky-high luxury hotel atop Suzhou International Finance Square opened in 2021; and Marco Polo Changzhou. It invests in and leases commercial, retail and office properties such as those in Harbour City, Hong Kong's largest shopping complex; holds an 80% stake in the 450-metre Suzhou International Finance Square offering Grade A offices, sky residences and luxury apartments; and maintains a 27% interest in the Shanghai South Station mixed-use development featuring retail and office space completed in 2024 alongside partner China Vanke Company Limited. Harbour Centre Development Limited, founded in 1971 and headquartered at Ocean Centre, Harbour City, Canton Road, Kowloon, Hong Kong, is a listed subsidiary of Wharf Real Estate Investment Company Limited, which holds a 72% stake. Recent developments include narrowed net losses to HK$17 million in the first half of 2024 from HK$33 million a year earlier, driven by lower impairment provisions on development properties and a 14% rise in operating profit to HK$209 million despite a 7.4% revenue decline; sustained Forbes Travel Guide Four-Star rating for Cucina restaurant at Marco Polo Hongkong Hotel and Recommended Hotel status in 2025; director fee increases effective retroactively from January 2024; and the appointment of Ms. Michelle Cheng as an additional independent non-executive director.