CHFT Advisory and Appraisal Limited

CHFT Advisory and Appraisal Limited: 根據目前港府開放數據，有一千零八十八條行人天橋由路政署管理維修，涉及總蓋頂面積超過四百六十萬平方呎，若以能安裝每塊1米乘1.65米每日收集4小時約1.188千瓦小時(kWh)的太陽能收集板的天橋(約九百二十條)蓋頂計算，能放置202,000塊，再乘以天文台全年達4小時日照數目的207天，即一年能獲取約49,700,000千瓦小時的電力，相當於14,000架電動車每架一年行走20,000公里、4,000戶家庭一年用電、200,000平方呎商業大廈或40,000平方呎數據中心的一年用電量。 . 到時候在天橋通道內可實時顯示戶外溫度、濕度、降雨量、天氣預報及當天已收集到的電力，天橋照明和通風系統所用之電力、有否剩餘電量等資訊，透過電力聯網甚至可把剩餘電力供其他當天日照效率較低的天橋使用，又或積穀防饑作為陰天雨天時的供電，甚至把剩餘電力賣給電力公司，補貼維修保養天橋設備的開支。當然，要把智能天橋實現，還要考慮天橋的結構載荷、施工方法、日照效率等問題，但由於行人天橋是香港人車分隔策略的可持續設施，數量日益增加，所以引入太陽能替代方案有助提升這種公共設施的整體效益。 #EDigest #Column #ESG #Sustainability #Solarpower #SmartCity #ExtremWeather #Data

A lot of adverse comments were noted in response to a post by Dr Edwin Lee, CEO of a local shop fund, published last week. Dr Lee quoted some P&L figures from three HK listed firms to support his claim that high wages are leading to the fall of F&B businesses in HK. Netizens, on the other hand, have challenged these figures and doubted that the high wages are in fact due to directors’ remuneration.   Whilst CHFT held a luncheon https://lnkd.in/gCz83tR9 in early July on a similar topic, we would like to share some further views here. 1)     Just as Dr Lee mentioned, staff salaries currently amount to 30%+ of the F&B revenues. Directors’ remunerations share a very minor portion;   2)     The increases in wages costs in 2023/2024 could not be directly compared with the nominal cost amounts in 2022/2023. Back in early 2022, there were social distancing measures limiting the number of people for meals together, as well as limitations to restaurants’ operation hours. In response to the lowered revenue, through various cost-cutting measures such as the use of staff rostering systems, and employing more part time but fewer full time staff, operators did manage to lower the staff costs in 2022/2023. Therefore, when restaurants resumed normal business in 2023/2024, the staff cost figures appeared to have big increases. But actually, the staff cost-to-revenue ratios were more or less the same in those years for these medium tier restaurant operators; and     3)     According to the data from the Census and Statistics Dept, the median monthly and hourly wages of employees engaged in the F&B industry recorded y-o-y increases of 5.0% and 4.7% respectively in June 2023.   Self ordering systems have been widely used to ease the pressure of high staff costs. While the dining experience of the customers might have been slightly hindered at the launch of these systems, they now have basically got use to it.   #BusinessConsultancy #Research #Wages #Restaurant #FnB

Gov’t #tender of the first Private Subsidised Sale Flats – Pilot Scheme (Private SSFs / #樂建居) at CWIL185 was closed on 19 July. This project would yield over 700 homes which would be sold at 65% of the market price to HOS eligible buyers upon completion. Though the project is walkable from Chai Wan MTR station on HK Island, only one bid was received. Our Senior Director Alex Leung estimated the market value of the site being in the region of HK$1,300 to 1,400 psf based on plot ratio of 9.0. He suggests the govt to allow pre-sale arrangement for Private SSFs at the will of developers in order to increase the attractiveness. Takungpao  https://lnkd.in/gVTnNnhf Wenweipo  https://lnkd.in/g75Kqw7n HK01 https://lnkd.in/gDWfn8pC HKET https://lnkd.in/gdD9kGZa HKEJ https://lnkd.in/g7T6pRjm Phone interview by ▶ RTHK  https://lnkd.in/gTgwHqVS ▶ i-Cable  https://lnkd.in/gydKfjUE ▶ Metro Radio  https://lnkd.in/g6P_vB3n #subsidized #housing #HomeOwnershipScheme

Come join us and register now! #CHFT #Valuation #Macao #MacaoProperty #MacaoEconomy #RealEstate #EconomicRecovery

Gov’t #tender of Shatin residential land (STTL 623) in Siu Lek Yuen opposite City One MTR Station received 11 bids last week. The area is currently dominated by industrial buildings and a bus depot. Some of these buildings have been approved to be redeveloped into commercial uses. STTL 623 has been awarded to SHKP at AV$3,952 psf, which is close to the estimation of our Senior Director Alex Leung ($4,150 - $4,340 psf). The awarded developer, SHKP, has a newly completed project namely St Michel (瓏珀山), as well as a hotel in the area. A bigger gov’t residential land nearby (STTL 625) will be rolled out for tender in between July and Sept 2024. HK01 https://lnkd.in/gGp_jSqg Singtao   https://lnkd.in/g8NsGzs7 Takungpao https://lnkd.in/gvc7ry4X SCMP https://lnkd.in/gTKQK3Ne i-Cable Interview https://lnkd.in/gVjj-dAB

Come join us and register now! #CHFT #北上消費 #GBA #大灣區 #comsumerbehaviour #hongkongrealestate #hongkongproperties

Come join us and register now! #CHFT #HKEX #Finance #capitalmarket #compliance #valuation #businessvaluation #listingrules

艾凡@ CHFT Advisory and Appraisal Limited：筆者分析了聯合國旅遊組織（UN Tourism）目前所收集到的全球多國/地區1995至2021年的每年出境和入境人次大數據，有持續的出入境旅遊政策及管理（記錄保存出入境身份、跟其他國家/地區定立須簽證及免簽證政策）的國家/地區約106個，若以「國民生產總值（GDP per capita）」由高至低排列這些國家/地區，33個國家/地區明顯較其他富有，當中包括香港，綜合所有這些國家/地區全年出境除以入境人次的平均指數是1.8，當中22個國家/地區的平均指數全時期介乎1.08至16.23（即出境人次比入境人次多百分之八到十五倍）。 縱觀香港由1998年至2024第一季的數據，出入境指數由最高的1999年達4.69至2014年跌至最低1.39，全期指數平均值是2.99，而2023年通關復航後到今年第一季指數都徘徊在大約2.1。 無獨有偶，1999年的時期是股市樓市爆破後買樓需求驟降，而2014年則是樓市急升，市民抱怨節衣縮食買樓的年代。 影響外遊來訪人數多寡的因素 再者，以上述全球數字來看，每3個富有國家／地區就有2個是全年出境人次多於入境人次，情況普遍。這個不難解釋，因為外遊來訪人數多寡會受國家/地區經濟、個人收入、生活成本、退休保障、貨幣匯率、簽證邦交、旅客安全、政權管治、對外交通、住宿配套、旅遊定位等因素影響。而那些國民明顯較富有但入境人次多於出境人次的國家當中，發現他們從陸路入境的即日往返旅客量極高、他們國家的建築或藝術文化都是舉世知名，又或自身旅遊景點已非常多樣化，可滿足國民不同的旅遊喜好。 #Retails #FoodandBeverage #HongKongeconomy #Data #Tourism #Stockmarket #Investment #EDigest #Column #Wealth #Consumption #ShenZhen