Kerry Properties (683.HK): Sustainable Dividend Level Given Stable Recurring Income October 9, 2017 449

Investment Summary

– The Bloomsway, with accumulated contracted sales of HK$6.8Bn as at July 2017, is set to be completed in 2H2017, occupation permit has been obtained in July 2017

– Martin Heights, which was recognised in 1H2017, has an unsold portion of 47% as at June 2017, providing sizable upward potential to revenue and profit

– Current level of dividend is sustainable because of the stable and recurring investment property income, whose growth is assured by the new projects in both Hong Kong and China

About the author

Profile photo of John Wong

John Wong
Phillip Securities (HK)

Graduated with Masters and Bachelor Degrees from universities in London specializing in Finance and Economics throughout his academic study. Currently focused on property and gaming industry in both PRC and Hong Kong.

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