Originally Posted by
Asturias56
HK$ 2.3 Bn on a Market cap of HK$ 51.3 Bn = 4.48% return - not earthshaking really...... given the risks of the airline business.......
For an airline thats a good return on capital. Airlines aren't great investments compared other businesses.
We will never know how much profit is really there - with transfer pricing Swire move the money around to fill their pockets, avoid the taxman and screw over the little people. The biggest transfer pricing example is the so called fuel hedge.