Pacific Century Regional Developments (SGX:P15) – Dividend Recapitalization… a nicer term for cashing out

Pacific Century Regional Developments (SGX:P15) reported their FY19 results on 21 Feb 2020 yesterday. Revenue increased 12% due to higher dividends received from their stake in HKT and profit fell due to higher expenses and lower share of profits from their associate PCCW. For more information on their business model, you may refer to my … Continue reading Pacific Century Regional Developments (SGX:P15) – Dividend Recapitalization… a nicer term for cashing out

Pacific Century Regional Developments (SGX:P15) – The Peculiar Case of PCRD

PCRD (SGX:P15) is an investment holding company with interests in telecommunication, media, IT solutions, logistics and property development and investments. You know it is just a holding company when they only have the corporate information and investors' relations in their website, nothing more. Business Overview Its crown jewel is its 22.72% stake in PCCW (SEHK:0008). … Continue reading Pacific Century Regional Developments (SGX:P15) – The Peculiar Case of PCRD