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Pricing
1.08 | |
Open | 1.13 |
---|---|
12,000 | |
3M AVG Volume | 6.27 |
1.13 | |
Today's Low | 1.06 |
1.51 | |
52 Week Low | 0.80 |
2,794.99 | |
Market Cap (MIL) | 3,018.59 |
3.68 | |
Dividend (Yield %) | 5.26 |
Advanced Charting
Affiliation: Department of Computing, The Hong Kong Polytechnic University, Hong. Lei Zhang (M'04) received the B.Sc. Degree from Shenyang Institute of.
Next Event
Modern Land (China) Co Posts August Contracted Sales Of Rmb2,730.29 Mln
Modern Land (China) Co Proposes Interim Dividend Of HK3.7 Cents Per Share
Modern Land (China) Co Entered Into A Cooperation Framework Agreement
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About Modern Land (china) Co Ltd
Modern Land (China) Co., Limited is an investment holding company principally engaged in the property development and property investment businesses. The Company’s property projects are mainly developed under the brand of MOM. The Company is also engaged in the hotel operation, project management, real estate agency services and immigration services business. Through its subsidiaries, the Company is also engaged in the provision of technology development and consulting services.
Contact Info
3F, 4F, No. 10 Building, MOMA
No.1, Xiangheyuan Road
Dongcheng District
+86.10.84407008
http://www.mgreen.hkExecutive Leadership
Peng Zhang
Executive President, Executive Director
Yin Chen
Chief Technology Officer, Executive Director, General Engineer
Qiang Wang
Vice President of Group, President - Financial Planning Centre
Key Stats
Hold
Revenue (MM, CNY)
EPS (CNY)
3.97 | |
Price To Sales (TTM) | 0.24 |
---|---|
0.45 | |
Price To Cash Flow (TTM) | 3.21 |
274.94 | |
LT Debt To Equity (MRQ) | 151.47 |
5.42 | |
Return on Equity (TTM) | 1.59 |
Latest News
BRIEF-Modern Land (China) Says Feb Contracted Sales RMB1,160.45 Mln* FEB CONTRACTED SALES RMB1,160.45 MILLION Source text :(http://bit.ly/2FdtEzj) Further company coverage:
BRIEF-Modern Land (China) Co To Issue Of USD350 Million, 7.95% Senior Notes Due 2021* CO & INITIAL PURCHASERS ENTERS DEAL REGARDING ISSUE OF USD350 MILLION, 7.95% SENIOR NOTES DUE 2021
BRIEF-Modern Land (China) Co Proposes Offering Of USD-Denominated Green Senior Notes* PROPOSES TO CONDUCT INTERNATIONAL OFFERING OF USD-DENOMINATED GREEN SENIOR NOTES Source text for Eikon: Further company coverage:
BRIEF-Modern Land (China) Says January Contracted Sales Was RMB2.11 Bln* JANUARY CONTRACTED SALES RMB2,106.11 MILLION Source text for Eikon: Further company coverage:
BRIEF-Modern Land (China) Announces Acquisition Of A PRC Co For RMB1.55 Bln* ANNOUNCES ACQUISITION OF 100% EQUITY INTEREST IN A PRC CO HOLDING A PROPERTY DEVELOPMENT PROJECT IN BEIJING FOR RMB1.55 BILLION Source text for Eikon: Further company coverage:
BRIEF-Modern Land (China) Co Announces December Contracted Sales Of Group RMB2,957.82 Mln* DECEMBER CONTRACTED SALES RMB2,957.82 MILLION Source text for Eikon: Further company coverage:
BRIEF-Modern Land (China) Says Unit Entered Equity Transfer Agreement* MODERN GREEN DEVELOPMENT ENTERED INTO EQUITY TRANSFER AGREEMENT WITH VENDOR, HUOJIAN REAL ESTATE INVESTMENT & PROJECT CO
BRIEF-Modern Land (China) Co To Buy Stake In Two Property Project Companies* ANNOUNCES TRANSACTION IN RELATION TO ACQUISITION OF EQUITY INTEREST IN TWO PROPERTY PROJECT COMPANIES
BRIEF-Modern Land (China) Co Announces Disposal Of Stake In Shaanxi Zhuoli Industrial Co* CONNECTED TRANSACTION IN RELATION TO DISPOSAL OF 51% EQUITY INTEREST IN SHAANXI ZHUOLI INDUSTRIAL COMPANY LIMITED
BRIEF-Modern Land (China) Co Enters Term Loan Facility Of HK$390 Mln Maximum Principal Amount* ENTERS FACILITY LETTER WITH A BANK FOR TERM LOAN FACILITY OF MAXIMUM PRINCIPAL AMOUNT OF HK$390 MILLION Source text for Eikon: Further company coverage: ([email protected])
BRIEF-Modern Land (China) Co Says Contracted Sales Of Group About RMB2,973.56 Mln in November* IN NOVEMBER 2017, CONTRACTED SALES OF GROUP AMOUNTED TO APPROXIMATELY RMB2,973.56 MILLION Source text for Eikon: Further company coverage:
BRIEF-Modern Land (China) says unit terminated entrusted management agreement* Refers to entering into of entrusted management agreement by Modern Green with First Moma Hotel Management and Beijing Beige
BRIEF-Modern land (China) updates on contracted sales for October 2017* In October 2017, contracted sales of group amounted to about RMB3,512.47 million Source text for Eikon: Further company coverage:
BRIEF-Modern Land (China) Co says group's contracted sales were about RMB1,509.43 mln in Sept. 2017* In September 2017, contracted sales of group amounted to approximately RMB1,509.43 million Source text for Eikon: Further company coverage: ([email protected])
BRIEF-Yango Group to sell stake in Hong Kong unit to Modern Land (China)* Says it plans to sell 51 percent stake in Hong Hong unit to Modern Land (China) Co Ltd for HK$1.8 billion ($230.31 million)
BRIEF-Modern Land China says Modern Land No. 6 to buy stake in Yango Yuegang for HK$1.83 bln* Modern Land No. 6 and Yango Group entered into share transfer agreement with Yango Yueyang Ltd
BRIEF-Modern Land's unit & Yango Group enter into strategic cooperation agreement* Unit & Yango Group Co entered a strategic cooperation agreement for a 5 year term
BRIEF-Modern Land (China) Co updates on contracted sales of group for August 2017* In August 2017, contracted sales of group amounted to approximately RMB1,029.14 million Source text for Eikon: Further company coverage:
BRIEF-Modern Land (China) resolved to recommend bonus issue* Resolved to recommend bonus issue, being a bonus issue of shares on basis of one bonus share for every ten existing shares held by shareholders Source text for Eikon: Further company coverage:
BRIEF-Modern Land (China) says Sushen LVSE entered into equity transfer and debt settlement agreement* Sushen LVSE entered into equity transfer and debt settlement agreement
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.
HONG KONG — With an $18 billion war chest, he is one of China’s richest investors. Yet on a recent trip to San Francisco, Zhang Lei and his entourage crammed into a three-bedroom house in the Mission District, rented through Airbnb.
He also ordered water from Instacart, the on-demand grocery delivery service. A few days later in New York, he bought food through Google Express.
Of course, it is not as if he could not afford luxury hotels and restaurants. Instead, it was research. Mr. Zhang just wanted to get to know some of the businesses he might one day invest in.
Starting 10 years ago with $20 million from Yale University’s endowment, Mr. Zhang was an early backer of companies like Tencent and JD.com, businesses that have shaken up traditional industries across China. Now he thinks these companies could stir things up globally.
“China could be one of the engines to this whole global innovation revolution,” Mr. Zhang said in an interview at the Hong Kong office of his firm, Hillhouse Capital Group, in one of the city’s tallest skyscrapers, with sweeping views of Victoria Harbor.
Across the ocean in Silicon Valley, Mr. Zhang represents China’s new entrepreneurial class. He has consulted with the likes of Mark Zuckerberg and Jeff Bezos, and visited with start-ups like Airbnb.
To outsiders, Hillhouse is a mysterious firm led by a secretive man who happened to strike gold early on. To his investors — which include the endowments for prestigious universities like M.I.T. and Yale, sovereign wealth funds and wealthy entrepreneurs — he seems incapable of making a bad bet. But as China’s economy hits a series of economic road bumps, his next set of investments could define his legacy.
The firm says little about its investors or its investing record, emphasizing only that it holds on to investments for long stretches. One investor said that Hillhouse had returned a yearly average of 39 percent since it was founded in 2005.
With bulging coffers, Mr. Zhang and Hillhouse are looking to the United States in search of more opportunities.
In his most recent deal, Hillhouse teamed up with the Mayo Clinic to bring one of America’s best-known health care institutions to China. Mr. Zhang hopes to upend the rickety state health care system, which is in severe need of a turnaround, using modern technology to create new services and products like a digital records management system.
But challenges await Mr. Zhang. Corruption in China’s health care sector abounds; bribery investigations have ensnared Western companies like GlaxoSmithKline. State hospitals are weighed down by bureaucracy. And demand for geriatric services has soared.
Mr. Zhang says he is up to the task.
A bespectacled and energetic man with a casual demeanor that belies his great wealth, Mr. Zhang has an unusual background. He was born in 1972 in Zhumadian, Henan Province, at the height of the Cultural Revolution, when China was purging itself of all things even remotely capitalistic. He came of age just as his country was embracing capitalist reforms.
At 7, Mr. Zhang had his first business idea. He rented his comic books to passengers waiting for their trains. Today, that shared-economy concept is the basis for Silicon Valley companies like Uber and Airbnb.
His other forward-thinking ideas were not always met with enthusiasm. Not long after securing a scholarship to the Yale School of Management in 1999, Mr. Zhang started applying for Wall Street jobs. No one asked him back. One interviewer went so far as to question his intellectual capacity when Mr. Zhang asked whether there was any point to gas stations.
His break came when Yale’s endowment took him on as an intern. It was an unconventional arrangement. The office did not typically take M.B.A. students as interns, but Mr. Zhang had impressed David F. Swensen, the chief investment officer.
“Almost immediately, Lei was exceptional in that he had really great insights,” said Dean Takahashi, senior director at the Yale endowment, adding that Mr. Zhang was able to identify what was going to be a great business. He was also an inveterate networker, introducing successful Chinese entrepreneurs through the Hillhouse Club, which he founded on Yale’s campus and named after Hillhouse Avenue, where some of his classes were held.
“It was like, why in the world does this kid from China have these insights?” Mr. Takahashi said.
At the endowment, Mr. Zhang was sent to research industries like timber and would return weeks later with inch-thick reports. This tradition has carried on at his firm. Analysts spent years researching before Hillhouse struck the deal with the Mayo Clinic.
After his first year at Yale, Mr. Zhang took time off to research China’s expanding private sector, knocking on the doors of entrepreneurs like Jack Ma of Alibaba, Robin Li of Baidu and Pony Ma of Tencent, and cultivating friendships. He returned to the United States after the Internet bubble burst, in 2001.
Four years later, with an M.B.A. in hand, he persuaded Yale to give him $20 million to invest in new companies in China. His initial pitch was met with hesitation. He was green, former Yale endowment colleagues recall, so green that he did not know whom to hire. Mr. Zhang called up old friends. One friend declined the offer but suggested his wife.
“I said, ‘Are you serious? You’re just going to dump me and send your wife?’ ” Mr. Zhang recalled. The wife, Tracy Ma, is now the chief operating officer of Hillhouse and No. 2 at the firm.
Mr. Zhang still jokes about the early days. “When I started Hillhouse, I had this weird strategy and it sounded distracted,” he recalled. “That’s why no one else invested in me other than Yale.”
For Yale, which had $15 billion under management in 2005, it was a relatively small wager on China and on a young man who the endowment thought showed a lot of potential.
One of Mr. Zhang’s first bets was on Tencent; he bought the stock in 2005. Back then the company was best known for its QQ messaging service and was worth less than $2 billion. Today, Tencent is an Internet giant worth nearly $180 billion.
“Looking back now I think, wow, Tencent was so cheap,” Mr. Zhang said. Hillhouse still owns the stock.
Other investments yielded knockout returns. In 2010, Hillhouse invested $255 million in JD.com. Four years later, that stake was worth $3.9 billion at JD.com’s initial public offering. When Tencent paid $215 million for a 15 percent stake in JD.com in 2014, Mr. Zhang was involved behind the scenes, according to two people involved in the deal who were not authorized to speak publicly.
Hillhouse’s buy-and-hold strategy makes it more of a private equity firm than a hedge fund. Its investors are willing to lock up their money for extended periods.
This gives Mr. Zhang leeway to invest in private companies like Blue Moon, a Chinese consumer goods producer. In 2006, when Mr. Zhang first met the husband-and-wife team who founded Blue Moon, they were selling liquid hand soap. He stayed in touch. Several years later, they called him up to say they had created a new kind of liquid detergent.
A light bulb went on. At that time, in 2010, most multinational companies were selling powdered detergent in China because they thought consumers would not pay more for liquid detergent. But Mr. Zhang believed they would, and he persuaded Blue Moon to expand heavily in liquid detergent, bankrolling its expansion in exchange for a stake in the company.
Now, Mr. Zhang wagers it can be a multibillion-dollar brand that will compete with the likes of Tide. Hillhouse has made similar bets on companies like Gree, now a leading maker of air-conditioners globally, and Midea, a manufacturer of electric appliances.
“I’m seeing an uprising of Chinese entrepreneurs who are able to upgrade themselves versus the relatively slow-moving multinational companies,” Mr. Zhang said, adding that American companies can learn a thing or two from their Chinese counterparts, who have learned to leapfrog traditional industries.
It is a skill he knows something about — not just in his jump from humble beginnings to billionaire status in a few short years but also in his passion for daredevil sports. During a skiing trip to Telluride, Colo., in February, he was the one going down the steepest slopes in a straight line.
Investing in China, he said, is “not for the faint of heart.” But, he added, the opportunities are vast, “if you are open-minded and you focus on the future of China.”
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