Soundwill Holdings Limited
0.75
USD
-0.12
(-13.40%)
Soundwill Holdings Limited
OTC:SDWHF
(OTC Markets)
Recent
price
0.75
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
HKD
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.- Similar Companies
- Business
- Soundwill Holdings Limited, an investment holding company principally engaged in property development, leasing and management services, operates primarily in Hong Kong and the People's Republic of China. Founded in 1978 and listed on The Stock Exchange of Hong Kong since 1997 (stock code: 878), the company is headquartered in Causeway Bay, Hong Kong, and functions as a subsidiary of Ko Bee Limited. It develops medium- to high-end commercial, residential and industrial properties; leases commercial, office, residential buildings, advertising spaces and mini-storage facilities through its wholly-owned subsidiary One Storage Management Company Limited; provides building management, property repairs, maintenance and facilities services via Goldwell Property Management Limited; and undertakes urban redevelopment and property assembly projects, including ongoing initiatives such as the Yiu Wa Street Project, Wah Sing Street Project and Haven Street Project. The company also operates Soundwill Club, a membership rewards programme offering shopping discounts and promotional campaigns across its properties, and maintains a mainland China presence through Soundwill Real Estate (China) Ltd., focusing on completed developments like Grand Capital in Zhuhai and Lakeview Bay- VOGUE in Zhaoqing. For the year ended 31 December 2024, the company reported revenue of HK$1,230 million, driven primarily by sales completions from its iCITY industrial project in Hong Kong, alongside rental income from key properties including Soundwill Plaza, Soundwill Plaza II — Midtown, 10 Knutsford Terrace, Kai Kwong Commercial Building and The Sharp; it expanded mini-storage operations with new branches in Tai Po, Kwai Chung and San Po Kong, achieving an overall occupancy rate of 80% and introducing an onsite mini-box service with over 60% occupancy. Recent developments include a net fair value loss on investment properties of HK$2,901 million as of 31 December 2024 amid challenging market conditions, no proposed final dividend for 2024 following special dividends in prior years, a cautious approach to capital allocation for property assembly amid economic volatility, and a joint announcement in 2025 regarding a proposed privatisation by Earning Ease Limited via a scheme of arrangement under Section 99 of the Companies Act, alongside plans for withdrawal of listing.