Wheelock Properties is a property investor and developer that focus on luxury residences. It is a subsidiary of Hong Kong based Wheelock and Company Limited.
Key Business Activities:
2016 saw improved sales from active marketing of development properties. Ardmore Three hit 70% sales, The Panorama remained active to achieve 99%, and Scotts Square reached 83%. Efforts have also been undertaken to rejuvenate Wheelock Place with new stores, and advertising and promotional initiatives. In 2017, office rentals are expected to remain soft due to oversupply and consolidation of business operations.
Key Financial Updates (Q1 2017):
Wheelock Properties increased revenue by 2% achieving revenue of $94 million in the first quarter of 2017, contributing to profit before tax of $10million. Higher marketing and sales expenses lead to higher sales at Ardmore Three.
Current Market Cap ≈ $2.25billion
Current Share price: $1.98 (03 June 2017)
Average Daily Value Traded ≈ $7,636,662 (6 months ending 31 May 2017)
Average Volume Traded ≈ 1,992,526 (6 months ending 31 May 2017)