However, Bloomberg carried a news item that nine OCBC Wing Hang branches were closed on the morning of Nov 13 because of traffic disruptions. OCBC Wing Hang contributes 9% to Oversea-Chinese Banking Corp’s operating profit for the nine months to Sept 30.
SCMP has reported that several banks have had their ATMs vandalised and some have closed branches in recent weeks, including Bank of China (Hong Kong).
DBS Group Holdings has meaningful operations in Hong Kong, with DBS Hong Kong contributing some 20% to net profit. Hongkong Land’s Hong Kong properties including some of the choicest Grade A office buildings contribute 56% to its operating profit.
Elsewhere, Wing Tai Holdings owns 34.3% in Hong Kong-listed Wing Tai Properties which contributes meaningfully to the locally listed developer’s bottomline. For FY2019 (Wing Tai Holdings has a June year end), Wing Tai Properties contributed around $33.7 million to profit before tax.
See also: Hong Kong’s stock market booms with Wall Street in turmoil
Other less well-known names have also significant presence in Hong Kong. Azeus Systems Holdings provides information technology products and services. CDW Holding manufactures and supplies precision components.
