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Miramar Hotel & Investment Co
(OTC:0071)
Miramar Hotel & Investment Co (0071) vs. S&P 500 (SPY)
Miramar Hotel & Investment Co Business Overview & Revenue Model
Miramar Hotel & Investment Co Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 2.55B | 1.38B | 1.25B | 1.31B | 3.06B | Gross Profit |
| 966.48M | 621.41M | 622.75M | 535.99M | 1.03B | EBIT |
| 970.93M | 457.55M | 483.83M | 407.95M | 820.36M | EBITDA |
| 1.20B | 639.94M | 491.32M | 501.23M | 1.62B | Net Income Common Stockholders |
| 977.14M | 480.10M | 329.96M | 301.90M | 1.29B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 5.66B | 5.44B | 5.31B | 5.11B | 5.31B | Total Assets |
| 21.97B | 21.25B | 21.08B | 21.05B | 21.49B | Total Debt |
| 75.52M | 99.06M | 86.41M | 90.16M | 152.44M | Net Debt |
| -5.49B | -5.29B | -5.16B | -4.96B | -5.10B | Total Liabilities |
| 1.30B | 1.12B | 1.04B | 1.05B | 1.45B | Stockholders Equity |
| 20.49B | 19.97B | 19.88B | 19.85B | 19.88B |
| Cash Flow | Free Cash Flow | |||
| 1.04B | 533.71M | 509.36M | 276.59M | 1.04B | Operating Cash Flow |
| 1.08B | 594.47M | 517.38M | 316.24M | 1.06B | Investing Cash Flow |
| -1.65B | 853.84M | -1.48B | -471.11M | 1.06B | Financing Cash Flow |
| -411.40M | -362.80M | -385.14M | -493.15M | -512.77M |
Miramar Hotel & Investment Co Technical Analysis
Miramar Hotel & Investment Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | £149.41B | 9.94 | 10.33% | 6.09% | -3.40% | -7.51% | |
76 Outperform | $180.79B | 10.30 | 11.23% | 6.41% | -2.77% | 4.04% | |
72 Outperform | HK$6.34B | 8.49 | 3.60% | 6.00% | 11.98% | -23.60% | |
72 Outperform | $167.91B | 10.64 | 8.65% | 5.32% | 5.32% | 102.27% | |
71 Outperform | $214.58B | 12.32 | 2.88% | 5.01% | 20.91% | -29.29% | |
70 Outperform | HK$72.65B | 19.11 | 2.17% | 7.63% | -30.38% | -43.73% | |
60 Neutral | $2.79B | 11.37 | 0.20% | 8519.74% | 6.07% | -14.95% |
Miramar Hotel & Investment Co Corporate Events
Miramar Hotel & Investment Company, Limited has announced its Annual General Meeting (AGM) scheduled for June 5, 2025, at The Mira Hong Kong. Key agenda items include reviewing the audited financial statements, declaring a final dividend, re-electing directors, and re-appointing the auditor. Additionally, the company seeks approval for a general mandate to issue additional shares, which could impact its capital structure and shareholder value.
Miramar Hotel & Investment Company, Limited announced that during its Extraordinary General Meeting on March 31, 2025, the proposed ordinary resolution concerning the S&P Agreement with Solution Right Limited was not passed by the Independent Shareholders. As a result, the agreement will be terminated, and the deposit will be returned to the purchaser. This decision reflects the shareholders’ stance and impacts the company’s strategic acquisition plans, potentially affecting its future investment opportunities.
Miramar Hotel & Investment Company announced the signing of a Lease and Licence Agreement with Nation Star Development for premises at Mira Place 1, Tsimshatsui, Hong Kong. These agreements, classified as continuing connected transactions, involve a fixed one-year term with an option for extension, and include specific financial arrangements such as a rent-free period and monthly charges. The transactions are subject to reporting and annual review requirements but are exempt from shareholder approval, reflecting a strategic move to optimize asset utilization and strengthen market positioning.
Miramar Hotel and Investment Company, Limited reported a 12% increase in revenue for 2024, reaching HK$2,858.4 million, with a notable 31.6% growth in its travel segment. Despite this, the profit attributable to shareholders decreased by 23.6% due to a significant decline in the fair value of investment properties, influenced by economic volatility and currency fluctuations. The company maintained its dividend, reflecting resilience in a challenging market environment.
Miramar Hotel and Investment Company, Limited has announced a final ordinary dividend of HKD 0.3 per share for the financial year ending 31 December 2024. The dividend, which is subject to shareholder approval on 5 June 2025, will be paid on 10 July 2025. This announcement reflects the company’s stable financial performance and commitment to returning value to its shareholders, potentially strengthening its market position and investor confidence.
Miramar Hotel and Investment Company, Limited announced the retirement of Mr. Eddie Lau Yum Chuen, an executive director, who will not seek re-election due to his advanced age. His retirement will take effect after the annual general meeting on June 5, 2025. The board expressed gratitude for Mr. Lau’s 29 years of service, noting no disagreements or issues requiring shareholder attention.
Miramar Hotel and Investment Company, Limited has announced an extraordinary general meeting (EGM) scheduled for March 31, 2025, to approve and ratify an S&P Agreement and associated transactions. The resolution, if passed, will authorize directors to execute necessary actions to implement the agreement, potentially impacting the company’s strategic operations and stakeholder interests.
Miramar Hotel & Investment Company, Limited, through its subsidiary Miramar Global, has entered into a series of connected transactions with Towngas Telecommunications to enhance its hotel operations with mobile app-related services. These contracts, which include setup, equipment, and RCU works, are part of a broader project to integrate mobile applications into the hotel’s business operations. The transactions are subject to certain reporting requirements under the Hong Kong Listing Rules, reflecting the company’s commitment to leveraging technology for improved service delivery.
Miramar Hotel & Investment Co., Limited announced a delay in the dispatch of a circular related to a major and connected transaction involving the acquisition of interests in Solution Right Limited. The circular, initially scheduled for release by February 28, 2025, will now be postponed to March 15, 2025, to allow more time for the preparation and finalization of necessary information. This delay may impact the company’s timeline for completing the transaction and could affect stakeholders’ expectations.
Miramar Hotel and Investment Company, Limited has announced a board meeting scheduled for March 18, 2025, to approve the final results for the year ending December 31, 2024, and to consider a final dividend payment. This announcement could impact the company’s financial strategy and shareholder returns, reflecting its ongoing commitment to transparency and stakeholder engagement.