Managing Director's Statement

About Us

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Chris Cheong Thard HOONG

Managing Director

In the past decade, Far East Consortium International Limited (“FEC” or “The Group”, HKSE: 35) is mainly engaged in property development and investment, hotel operations and management, car park operations and facilities management and securities and financial product investment and gaming operations.

FEC is well diversified across geographies with operations in Hong Kong, Mainland China, Australia, New Zealand, Malaysia, Singapore, the United Kingdom and other European countries. The Group follows a clear “Asian Wallet” strategy, aiming to benefit from the growth in consumption and investment from the expanding Asian middle-class.

The Group's achievements are the result of executing our stated strategy, which aims to foster a diverse, balanced and regional portfolio of properties and businesses by utilising the experience of our local teams. Our regional presence enables us to take advantage of the property cycles in different markets to reduce risk, as does our "build-to-sell" and presale model.

The Group's dynamic growth is bolstered by the strong recurring revenue derived from our hospitality and car park businesses. These divisions have grown steadily, driving our dual strategy for growth, which combines ventures with a strong recurring income base and our "build-to-sell" approach to property development.

FEC expanded into the gaming and entertainment industry as we believe it can generate long-term stable cash flow. Gaming segment is complementary to our hospitality segment, in which we target international tourists. The investments that we have made are showing strong recurring cash flow and the projects provide us with good rate of return and strong potential for growth.

Following the establishment of BCG which specializes in mortgage loans, we are looking at opportunities to establish more asset management platforms in different asset classes such as hotels and car parks. This will create a new earning stream for the Group and at the same time create avenues to unlock the significant value hidden within the Group’s property portfolio.

Going forward, the Group will continue to take active steps to strengthen its property development and investment, hotel operations and management, car park operations and facilities management and securities and financial product investment and gaming operations. and will continue to seek suitable expansion opportunities. We will stay true to our strategy of balanced diversification by exploring ways to expand our recurring income streams and regional exposure, and increasing the number of property development projects in the countries where we currently operate.