This also marks the largest land acquisition that Hongkong Land … DBS bank is a leader in digital banking and are present in several markets including Singapore, India, Indonesia, Hong Kong, Taiwan and China. HONG KONG,28 August 2020 - Hongkong Land and DBS Bank (DBS) announced today that an agreement has been reached to convert an existing five-year revolving credit facility of HK$1 billion, dated February 2020, into a sustainability-linked loan, with the interest rate being indexed against ESG targets. On a committed basis, it was 3.7%. Including construction and financing costs, total development cost is estimated to reach as high as Rmb70bn or > Rmb64,000 psm. History. Fitch has also affirmed DBSHK's Short-Term IDR at 'F1+' and Support Rating at '1'. Der Beschluss des Nationalen Volkskongresses, ein neues Sicherheitsgesetz für Hongkong zu erlassen, wirft ein Schlaglicht auf den Sonderstatus der ehemaligen Kronkolonie. Located in Xuhui District alongside the Huangpu River South Extension area, the site enjoys unobstructed view of the Shanghai Expo Cultural Park. Shawna Kwan; Lulu Yilun Chen; Bookmark. PROPERTY developer and investment company Hongkong Land has reached an agreement with DBS to convert an existing HK$1 billion (S$175.8 million) five-year revolving credit facility into a … Gross rental income fell 6% due to temporary rental … Hong Kong Phone: 3668 2750 DBS Treasures at Tsuen Wan Branch G/F, Wah Yan Building, 49-51 Tsuen Wan Market Street, Tsuen Wan Hong Kong Phone: 3668 9150 Kwai Chung Branch G/F, 1001 Kwai Chung Road, Kwai Chung Hong Kong Phone: 3668 2780 Shatin Plaza Branch Shops 47-48, Level 1, Shatin Plaza, Hong Kong Phone: 3668 2800 Sha Tin Centre Branch 21-27 Sha Tin Centre Street, Shatin, Hong Kong … It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia. From its 1889 origins in Hong Kong, Hongkong Land has continued to pursue opportunities across Asia, building developments and properties that breathe life into the communities and commerce of dynamic cities. Hongkong Land Share Price has fallen to US$3.64 amid the global pandemic. Mar 24 2021, 2:30 AM Mar 25 2021, 4:02 PM March 24 2021, 2:30 AM March 25 2021, 4:02 PM (Bloomberg) --DBS Group Holdings Ltd. is set to join UBS Group AG and other global banks giving up office space in pricey Hong Kong with so many staff still working from home. DBS is surrendering some floors in Swire Properties’ One Island East tower in Quarry Bay, according to people familiar with the matter, who asked not to be identified because the information is private. 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DBS provides a full range of services in consumer, SME and corporate banking. The DBS Hong Kong customers hotline number is 2290 8888, the email address enquiry.hk@dbs.com. DBS Bank and property developer Hongkong Land signed an agreement today to convert an existing five-year revolving credit facility of HK$1 billion (SS$176.2 million or RM537.55 billion) in February into a sustainability-linked loan with the interest rate being indexed against environmental, social and corporate governance (ESG) targets. About Hongkong Land Corporate Profile Our Philosophy. One Central Macau Following the completion of land premium payment, we estimate. Focused on prime office, retail and residential developments, our diverse portfolio spans 18 cities in Asia. The Group owns and manages more than 850,000 sq. Choose Your Website Personal Banking Hongkong Land Holdings Limited is incorporated in Bermuda and has a standard listing on the London Stock Exchange, with secondary listings in Bermuda and Singapore. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. HongKong Land - DBS Research 2020-02-21: Record-breaking Acquisition Of Prime Site In Shanghai. Jeff YAU [CFA] | Ian CHUI … DBS is surrendering … Meanwhile, … HONGKONG LAND (SGX:H78) is trading at a 56% discount to our current appraised NAV, near the low end of its historical trading range. Fitch Ratings - Hong Kong - 07 May 2020: Fitch Ratings has placed DBS Bank (Hong Kong) Limited's (DBSHK) Long-Term Issuer Default Rating (IDR) of 'AA-' on Rating Watch Negative (RWN). DBS Research . In Singapore, its subsidiary, MCL Land, is a well-established residential developer. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 11 consecutive years from 2009 to 2019. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. 2019 marked a milestone year for Hongkong Land with its entire Central Portfolio achieving the highest rating of Platinum under the BEAM Plus certification scheme, whilst One, Two and Three Exchange Square, and The Forum, won the Hong Kong Green Building Award’s Grand Award, underscoring Hongkong Land’s commitment to sustainability. 2020-03-06 . Hongkong Land will be eligible to receive a tiered discount on the interest rate of the loan if it achieves pre-determined ESG targets agreed with DBS. In Feb-20 the company secured a mixed-use site in West Bund of Shanghai via government auction for Rmb31.05bn. Final DPS was flat at US$0.16, taking the full-year DPS of US$0.22, which represents a yield of 4.4%. The site will house a Grade-A office, retail, hotel, and residential development. HongKong Land - DBS Research 2020-07-30: Low Valuations Cushion Downside Risk. In collaboration with … DBS Bank is a market leader in consumer banking, treasury and markets, asset management, securities brokerage, equity and debt fund-raising. This mixed-use project will be constructed in multiple phases with targeted completion by 2027. Head Office G/F, The Center, 99 Queen’s Road, Central Hong Kong Tel: 3668 2000 Des Voeux Road Central Branch B/F, G/F & 1/F, 39-41 Des Voeux Road, Central Hong Kong Tel: 3668 2080 United Centre Branch … Alexandra House; Chater House; One, Two and Three Exchange Square; The Forum; Jardine House; The Landmark; Edinburgh Tower; Gloucester Tower; York House; Prince's Building; Macau. Conditionally finalised agreements with strategic … SingTel Share Price, HongKong Land - DBS Research 2019-12-11: Low Valuation Limits Downside Risk. DBSHK's Viability Rating of 'a-' was not part of this review. Hongkong, Abkürzung: HK (chinesisch 香港, Pinyin Xiānggǎng, Jyutping Hoeng 1 gong 2, Yale Hēunggóng, englisch Hong Kong – „Duftender Hafen“, Abk. Source of the report is credited at the end of article whenever reference is made. Jeff YAU [CFA] | Ian CHUI [CFA] | Jason LAM - HongKong Land - Negatives Priced In. Login Register . A frontrunner in digital transformation, we seek to deliver a new kind of banking that is so simple, seamless and invisible, that customers have more time to spend on the things they care about. DBS SME Banking customers can also enjoy up to 50 free HKD FPS transactions per month^! DBS Bank (Hong Kong) Limited (Chinese: 星展銀行（香港）有限公司) is a licensed bank incorporated in Hong Kong. Hongkong Land is a major listed property investment, management and development group. Stock analysis research and articles on this site are for the purpose of information sharing and do not serve as recommendation of any transactions. For the avoidance of doubt, this includes DBS Bank (Hong Kong) Limited. Hongkong Land's FY20 underlying profit fell 11% to US$963m, 14% ahead of our estimate due to smaller-than-expected decline in development profits. Hongkong Land is a major landlord in the Central Business Districts of Hong Kong, Singapore, Jakarta and has a presence in other Asian cities, including: Hong Kong. The proceeds of the loan will be used for general working capital and corporate funding purposes, and to fund ongoing green building initiatives. 2020-03-06 . Click here to read DBS' 2018 Annual Report - Best Bank in the World. It is a subsidiary of DBS Bank headquartered in Singapore and it is also the seventh-largest bank in Hong Kong by total assets. Read more at The Business Times. Details zum SWIFT-Code DBS BANK (HONG KONG) LIMITED Ein SWIFT/BIC-Code ist 8-11 Zeichen lang und dient zur Identifizierung des Landes, der Stadt, der Bank und der Bankfiliale. : 港), ist eine Metropole und Sonderverwaltungszone an der Südküste der Volksrepublik China im Mündungsgebiet des Perlflusses.Mit über sieben Millionen Einwohnern auf 1106 Quadratkilometern und einem bedeutenden Wirtschafts- … PROPERTY developer and investment company Hongkong Land has reached an agreement with DBS to convert an existing HK$1 billion (S$175.8 million) five-year revolving credit facility into a sustainability-linked loan. Fitch Ratings - Hong Kong - 09 Apr 2021: Fitch Ratings has revised the Outlook on DBS Bank (Hong Kong) Limited (DBSHK) to Stable from Negative and affirmed its Long-Term Issuer Default Rating (IDR) at 'AA-'. “This sustainability-linked loan is an important step forward in our journey towards a more sustainable future and reflects both our strategy of integrating sustainability in all aspects of our business, and our desire to support the development of sustainable capital markets in the region”, said Mr Robert Wong, Chief Executive of Hongkong Land. The land premium will be paid by instalments in 2020. Office vacancy of Hongkong Land (SGX:H78)’s Central portfolio edged up to 4.3% in Mar-20 from Dec-19’s 2.9%. Hongkong Land and DBS Bank (DBS) announced today that an agreement has been reached to convert an existing five-year revolving credit facility of HK$1 billion, dated February 2020, into a sustainability-linked loan, with the interest rate being indexed against ESG targets. These targets include demonstrating continuous improvements in greenhouse gas emissions, electricity consumption, food waste, and solar energy generation, whilst maintaining green building certifications for Hongkong Land’s portfolio in the Central Business District of Hong Kong. DBS is a leading financial services group in Asia with a presence in 18 markets. HONG KONG DBS Bank (Hong Kong) Ltd Contact: Carol Wu 13th Floor One Island East, 18 Westlands Road, Quarry Bay, Hong Kong Tel: 852 3668 4181 Fax: 852 2521 1812 e-mail: [email protected] MALAYSIA AllianceDBS Research Sdn Bhd Contact: Wong Ming Tek 19th Floor, Menara Multi-Purpose, Capital Square, 8 Jalan Munshi Abdullah 50100 Kuala Lumpur, Malaysia. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. Terms and Conditions for DBS iBanking, DBS digibank and DBS iWealth ® will be revised with effect by 7 April (The exact effective … The Group’s assets and investments are managed from Hong Kong by Hongkong Land Limited. Below is the list of DBS Hong Kong bank branches with addresses and contact phone numbers. Approximately c.24% of the land’s GFA may be offered for sale in accordance with the land grant. Net debt of Hongkong Land stood at US$3.9bn in Mar-20, up from Dec-19’s US$3.6bn. HongKong Land - DBS Research 2020-05-04: Valuations Have Discounted Headwinds. Upon project completion, this development should enhance the company’s recurring earnings. UOB Share Price, This Notice sets out the data policies of DBS Bank Ltd and all its direct and indirect subsidiaries in the Hong Kong Special Administrative Region (“Hong Kong”), save and except for DBS Vickers (Hong Kong) Limited, (each a “Company”). Hongkong Land's interim underlying earnings fell 24% to US$353m, 17% below our estimate, due to weaker-than-expected development earnings from China. m. of prime office and luxury retail property in key Asian cities, principally in Hong Kong, Singapore, Beijing and Jakarta. You will need to make your own independent judgment regarding the analysis. Expect higher property development earnings in 2H20 due to more project completions in China. Hongkong Land converts HK$1b DBS facility to sustainability-linked loan. 2020-05-04 . China business is an increasingly crucial earnings platform in the medium term. The Group owns and manages c.800,000sm of prime and luxury retail properties in key Asian cities, principally in Hong Kong and Singapore. HONGKONG LAND HOLDINGS LIMITED (H78.SI) Announcements; HONGKONG LAND HOLDINGS LIMITED (H78.SI) News; HONGKONG LAND HOLDINGS LIMITED (H78.SI) Bloggers Say; Hongkong Land (SGX:H78) Company Announcements. The bank acknowledges the passion, commitment and can-do spirit in all of our 29,000 staff, representing over 40 nationalities. The improvement was mainly led by increased development profit from China due to higher sales completions despite lower residential contribution from Singapore. DBS Group Holdings is set to join UBS Group and other global banks in giving up office space in pricey Hong Kong, as more companies adopt work-from-home arrangements. We have reported the matter to the Hong Kong Monetary Authority. For more information, please Click here or call (852) 2290 8888. Support us and give our facebook page a 'like' or 'share' if you like the articles here! The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney. 30-Mar: SPH Announcements. Forgot Username or Password; Service Demo; Online Security; Frequently Asked Questions; View Maintenance Schedule With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. In 1999, DBS Bank acquired Kwong On Bank and formed the DBS Kwong On Bank Limited. Hongkong Land (SGX:H78) ’s FY19 underlying profit came in at US$1.08bn, up 4% y-o-y. DBS, a leading financial services group headquartered in Singapore, operates across 18 markets. However, the current low valuation, which has factored > 30% fall … As we continue to pursue our own sustainability goals, we are delighted to collaborate with like-minded partners who are accelerating towards more carbon efficient operations, contributing a positive change and generating long-term value for the community.”. From now until 31 May 2021, enjoy a discount of HK$500 for general insurance policies! DBS Research . DBS is a signatory to the United Nations Global Compact and is committed to driving progress towards the United Nations Sustainable Development Goals in ways that are meaningful for its businesses. HongKong Land - DBS Research 2021-03-12: Office Headwinds A Share Price Overhang HONGKONG LAND HOLDINGS LIMITED (SGX:H78) HongKong Land - Office Headwinds A Share Price Overhang . The Group also has a number of high quality residential, commercial, and mixed-use projects under development in cities across Greater China and Southeast Asia. Sie sehen in den meisten Fällen wie … For more information, please visit www.dbs.com. Jeff YAU [CFA] - HongKong Land - Valuations Have Discounted Headwinds. DBS Bank is a market leader in consumer banking, treasury and markets, asset management, securities brokerage, equity and debt fund-raising. DBS Hong Kong has launched a new credit card, targeting millennials who are looking for convenience with personalised rewards. Ms Tan Su Shan, Group Head, Institutional Banking of DBS Bank said, “DBS is privileged to partner with Hongkong Land as it progresses on its sustainability journey. Customer Service Center (Consumer) - 2290 8888DBS Business Care (SME and Corporates) - 2290 8068, Hongkong Land secures its first sustainability-linked loan of HK$1 billion from DBS. Annual Reports and Related … 2020-02-21 . DBS Research . Hongkong Land is a member of the Jardine Matheson Group. Support-Driven IDRs: DBS Bank (Hong Kong) Limited's (DBSHK) IDRs and Support Rating (SR) are equalised with DBS Bank Ltd.'s ratings in light of the parent's high ability and propensity to provide extraordinary support, if needed. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world. CGS-CIMB . Singapore Share Investors | SGX Stock Analysis | Analyst Research Reports | Singapore Investment Blogs | Singapore Stock Market News | SGX Stock Picks | SGX Share Price | SGX Stock Forum | Singapore Stock Recommendation | SGX Stock Recommendation, STI Constituents Share Price & FTSE ST Indices, DBS Share Price , DBS bank is a leader in digital banking and are present in several markets including Singapore, India, Indonesia, Hong Kong, Taiwan and China. dbs bank ltd, hong kong branch (incorporated in singapore with limited liability) the center, floor 18, 99 queens road central hong kong Waiver of 3 months of DBS IDEAL online banking platform telegraphic transfer transactions fee of up to HK$6,900; What’s more? The purchase price has broken the previous record for land acquisition in Shanghai of Rmb24.85bn set by China Minsheng Investment Group (CMIG) in Nov-14. Bankcode A-Z 4 Buchstaben stehen für die Bank. DBS's reputational damage would be huge if support were not extended to DBSHK should it be required. Publication of 2020 Annual Report and Notice of Annual General Meeting. 29-Mar: SPH REIT Announcements Hongkong Land is one of Asia’s leading property investment, management, and development groups. Since 2018, DBS has provided sustainable financing amounting to about S$13 billion. This includes acting on climate change by partnering with corporates in adopting responsible financing practices. Hongkong Land (SGX:H78) has secured a mixed-use site in West Bund of Shanghai via government auction for Rmb31.05bn or US$4.4bn. Recognised for its global leadership, DBS has been named “World’s Best Bank” by Euromoney, “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. OCBC Share Price, Earnings release: DBS Joins Global Banks Surrendering Hong Kong Office Space. 2021-04-08 17:45:00 General Announcement. The challenging office and retail markets are expected cloud HongKong Land’s rental income growth outlook. Fitch has also affirmed DBSHK's Short-Term IDR at 'F1+' and Support Rating at '1'. DBS SME Hong Kong Research,daily news updating shows changes of Asian and global stock, foreign exchange markets and so on through DBS market research. Raymond CHENG [CFA] | Will CHU | Jeffrey MAK - HongKong Land - Resilient Office, Stable Dividends. We keep our BUY recommendation at this stage with Target Price of US$6.52.