2018 Stock Code股份代號: 00045 INTERIM REPORT 中期報告 The Hongkong and Shanghai Hotels, Limited 香 港 上 海 大 酒 店 有限 公 司
THE PENINSULA HONG KONG S 90th ANNIVERSARY 香港半島酒店90周年誌慶 Our flagship hotel, The Peninsula Hong Kong, is celebrating its 90 th anniversary in 2018. The legendary Grande Dame of the Far East blends the best of Eastern and Western hospitality in an atmosphere of classical grandeur and timeless elegance. A stay at the hotel allows you to relive the glamour of travel from a bygone era, combined with the most up-to-date seamless modern technology and convenience. This year, The Peninsula Hong Kong celebrates its heritage in signature style from the revival of Afternoon Tea Dances in the majestic Lobby, to a culinary adventure through the hotel s top dining establishments we continue to create memorable and timeless experiences for our guests. 集團旗艦酒店香港半島酒店於2018年慶祝成立90 周年 這位聞名遐邇的 遠東貴婦 融匯東西方殷勤 好客之道 是結合典雅華麗和永垂不朽的完美化 身 下榻於此讓您重溫昔日的魅力與光輝 同時體 驗先進的現代科技與便利 今年 香港半島酒店的 慶祝活動回歸經典 在富麗堂皇的大堂重現下午茶 舞 並於酒店各家頂級餐廳呈獻美饌盛宴 我們會 繼續為賓客帶來永誌難忘的體驗
56 60 61 71 80 86 105 106 107
1866 (00045) 1928 300 100% 56
2009 235 50% 1989 230 76.6%* 2007 314 100% 1998 370 50% 1976 469 77.4% 1988 235 100% 2001 339 100% 1991 195 20% 2014 200 20% * 100% 2018 57
() 19761989 1,058,455 100% () 1994 75,082 100% () 1996 116,768 100% 21 avenue Kléber () 2013 44,218 100% () 1983 71,400 100% The Landmark () 1994 175,903 70%** ** The Landmark 50% 58
() 1888 100% () 1996 50% ( ) 1997 100% 1977 100% 2003 100% () 1980 100% 100% 50% 70% 2018 59
6 306 2018 2017 2,850 2,596 10% 664 561 18% 391 319 23% 644 519 24% 0.41 0.33 24% * 255 181 41% 80 63 27% 5 4 25% ** 3.2x 2.9x 10% 13.0x 4.8x 171% ΔΔ 10.9x 9.7x 12% 2.4% 2.2% 0.2pp 2018 6 30 2017 12 31 48,164 48,520 (1%) 38,610 38,175 1% # 42,306 41,725 1% 24.03 24.02 # 26.33 26.26 5,835 5,521 6% ## 20% 21% (1pp) 15% 14% 1pp 12% 11% 1pp 6 306 2018 2017 646 463 40% 21 avenue Kléber (95) (204) (53%) (105) (119) (12%) (678) (347) 95% 13.48 14.16 10.76 8.27 11.20 14.10 * ** Δ ΔΔ # ## pp 60
2018 2018 20186 18% 664 14% 72041% 255 660 +9% +9% 153 +65% +53% 331 +6% +6% 265 +6% +6% 434 +8% +4% 146 +27% +15% 116-2% +3% 306 +10% +2% 296-8% -8% 280 +17% +6% 2018 61
201890 Travel + Leisure 2018 2018 6% 6 88% 2018 5 Botero Sojourn Fernando Botero 16 660 +9% -1pp +23% +22% 2018 2018 6 2018 2018 5 Condé Nast Traveler 89% 2017 249 +2% 0pp +3% +3% 62
525 230 2018 Condé Nast Traveler Hot List 6 2018 6 ( BREEAM) 2018 124 +53% +14pp -11% * +16% * 2017 110 Travel + Leisure 2018 20186 23 Peter 60.1 +4% +2pp +5% +8% 2018 63
2018 2020 2018 Thiptara (River Café & Terrace) 592 +15% +11pp -1% +15% 2018 2017 20186 Old Manila Holy Carabao Farms 771 +3% +5pp +1% +8% 2018 3030 2018 4 (Salon de Ning) Summer Social 20186 Clement 3020181980 Andy Warhol Francesco Clemente Keith Haring Jean-Michel Basquiat Barbara Kreuger 42 +6% +1pp +4% +5% 64
2016 4 2018 Z Bar 2018 6 (Keys to the City) 34 +6% +3pp +5% +11% Global Traveler 1993 AAA 4 195 2018 4 38-8% -5pp -5% -11% 2018 65
2018 (L Oiseau Blanc) 360 (Le Bar Kléber) 2018 Made in California 30 +6% +3pp -2% +5% 313 +1% +1% 100 +3% +3% 27 +3% +3% The Landmark 20 +1% +1% 21 avenue Kléber 12 20186 2018 breeze 88% 20186 3% 428 428 3% The Landmark 66
21 avenue Kléber 2017 avenue Kléber (BREEAM) (HQE) 67 +7% +7% 35 +16% +6% 56 +7% +7% 2-6% -6% 32 +6% +6% 27 +1% +1% 2018 130 428 7% 680 2018 6 7% (The Quail Motorcycle Gathering) 5 2,000 8(The Quail A Motorsports Gathering) 5,000 The Refinery Butterfield sthe Refinery2017 6% 2018 6 (A Journey to Treasure) 2018 67
27 2013132.5 (Belgravia) 1-5 Grosvenor Place 50% 2016Grosvenor Estates 50% 107.5 100%Grosvenor150 (Hyde Park Corner) (Wellington Arch) (Green Park) (Buckingham Palace) 189 26 650 2021 26 2015 7 Doğuş Holding BLG50% 300 50% 150 2020 180 (Bosphorus) Galataport 2014 1 (Yoma Strategic Holdings) 70%2017 2 Yoma Central Landmark Development 88 126 2021 68
2018 (Wisdom on Wellness) 2018 10% 30 2018 6 30 7,598 2020 2018 11 2020 80% 2018 69
10 GDP 2018 8 3 70
2018 6 306 105 34 2018 6 30625541% 6 306 2018 2017 2018/2017 644 519 * (389) (338) 255 181 41% * 2018 6 3077 10% 42,306 2018 6 30 2017 12 31 38,610 38,175 4,003 3,876 (307) (326) 3,696 3,550 42,306 41,725 24.03 24.02 26.33 26.26 2018 71
2018 6 306 86 72 75 6 306 2018 2017 2018/2017 2,850 2,596 10% (2,186) (2,035) 7% 664 561 18% (273) (242) 13% (30) (66) (55%) * (13) (26) (50%) ** (20) (11) 82% 391 359 9% (75) (59) 27% 644 516 25% 3 (100%) 644 519 24% * 50%2018 14 201731 ** 20%20% 2018 6 306 10% 3,118 72
6 306 2018/2017 2018 2017 2,158 268 2,426 1,926 251 2,177 11% 473 473 466 466 2% 219 219 204 204 7% 2,850 268 3,118 2,596 251 2,847 10% 6 306 2018/2017 2018 2017 1,231 1,231 1,165 1,165 6% 926 153 1,079 772 139 911 18% 693 115 808 659 112 771 5% 2,850 268 3,118 2,596 251 2,847 10% 78% 201776% 21 avenue Kléber2017 1-5 Grosvenor Place 2017 4 2018 2% 61 68 2018 73
2018 6 306 18% 664 14% 720 6 306 2018/2017 2018 2017 378 56 434 292 69 361 20% 278 278 261 261 7% 8 8 8 8 664 56 720 561 69 630 14% 6 306 2018/2017 2018 2017 522 522 486 486 7% 136 40 176 66 50 116 52% 6 16 22 9 19 28 (21%) 664 56 720 561 69 630 14% 74
2018 1 18% 21 avenue Kléber 6 306 2018 2017 18% 21% 18% 15% 27% 17% 59% 59% 56% 56% 4% 4% 4% 4% 23% 21% 23% 22% 27% 22% 42% 42% 42% 42% 15% 26% 16% 9% 36% 13% 1% 14% 3% 1% 17% 4% 2018 6 30 391 2017359 50% 3928 2018 80 2017100 26 201752 13 201726 62 20%20 201711 65 66 2018 75
2018 6 3038,61024.03 2017 12 3124.022018 6 302017 12 31 2018 6 30 2017 12 31 2018/2017 44,183 43,355 2% 2,381 2,356 1% 781 1,922 (59%) 819 887 (8%) 48,164 48,520 (1%) (6,616) (7,443) (11%) (2,404) (2,375) 1% (9,020) (9,818) (8%) 39,144 38,702 1% 38,610 38,175 1% 534 527 1% 39,144 38,702 1% 2018 6 30 76
2018 6 30 2018 6 30 2017 12 31 100% * 100% 12,301 9,941 12,142 9,931 100% 2,356 1,685 2,366 1,710 76.6%** 1,715 1,700 1,814 1,777 100% 1,683 1,515 1,640 1,468 100% 1,331 1,238 1,331 1,225 50% 664 639 670 660 77.4% 110 107 126 124 # 50% 3,139 2,704 3,207 2,808 # 20% 5,472 5,336 5,861 5,534 # 20% 2,640 465 2,640 485 31,411 25,330 31,797 25,722 100% 17,695 17,695 17,362 17,362 100% 1,444 1,444 1,422 1,422 100% 1,170 1,170 1,142 1,142 100% 419 419 423 423 21 avenue Kléber 100% 720 720 741 741 The Landmark 70% 58 58 62 62 21,506 21,506 21,152 21,152 50% 238 269 239 269 100% 298 279 298 282 50% 428 428 431 431 100% 384 218 374 220 1,348 1,194 1,342 1,202 54,265 48,030 54,291 48,076 ## 100% 4,091 4,091 3,640 3,640 70% 374 374 279 279 # 50% 655 655 479 479 5,120 5,120 4,398 4,398 * ** 100% 2033 Δ The Landmark 50% 2026 # ## 2018 77
2018 6 306 90 20186 6 306 2018 2017 664 561 (6) (91) (12) (7) 646 463 (38) (167) (50) 21 avenue Kléber (7) (37) (105) (119) 446 140 (476) (197) (93) (115) (109) (35) (232) (207) 2018 6 306 646 2017463 200 2017323 78
2018 3650 66.7 5 6% 5,835 2017 12 315,521 12% 2017 12 3111% 10.920179.7 2017 6 306 20%50% 20% 2018 6 30 7,051 2017 12 316,760 2018 6 30 74% 2017 12 3165% 2.4% 20172.2% 2018 79
2017 2017 142 2018 6 306 2017 2018 20202020 2020 20172020 2017 80
N E E F N A R A R E F E F F N R A A N E F R 13.51B (1) (a) 2018 1 1 3.5% 2018 3 325,000 375,0002018 100,000 2018 5 92018 12 31 (b) 2018 8 3 2018 4 18 2018 8 313.51B (1) 2018 81
2018 6 30 XV 352 (%) (a) 872,071,472 54.252 733,174 0.046 365,503 0.023 200,000 0.012 17,000 0.001 (b) 82,651,862 5.142 (c) 678,009,416 42.179 1,096,830 0.068 30,000 0.002 (a) 872,071,472 (i) 194,062,056 (ii) 344,021,301 (iii) 333,988,115 (a) 872,071,472 (b) 82,651,862 82,651,86282,651,862 (c) 678,009,416 (i) 344,021,301 (ii) 333,988,115 2018 6 30 Manila Peninsula Hotel, Inc.77.36% 2018 6 30 18 XV352 82
2018 6 30 2018 6 30 336 (a) (%) Acorn Holdings Corporation 194,062,056 12.07 (i) Bermuda Trust Company Limited 276,713,918 17.21 (i) Guardian Limited 82,651,862 5.14 (v) Harneys Trustees Limited 678,009,416 42.18 (iii) Lawrencium Holdings Limited 333,988,115 20.78 (ii) Lawrencium Mikado Holdings Limited 344,021,301 21.40 (ii) The Magna Foundation 344,021,301 21.40 (ii) The Mikado Private Trust Company Limited 678,009,416 42.18 (ii) The Oak Private Trust Company Limited 82,651,862 5.14 (iv) Oak (Unit Trust) Holdings Limited 82,651,862 5.14 (i) Oak HSH Limited 82,651,862 5.14 (iv) Richard Parsons 82,651,862 5.14 (v) (i) Bermuda Trust Company Limited Acorn Holdings Corporation Oak (Unit Trust) Holdings Limited The Oak Private Trust Company Limited Bermuda Trust Company Limited (ii) The Mikado Private Trust Company Limited Lawrencium Holdings Limited Lawrencium Mikado Holdings Limited The Magna FoundationLawrencium Mikado Holdings Limited The Mikado Private Trust Company Limited (iii) Harneys Trustees LimitedThe Mikado Private Trust Company Limited (iv) The Oak Private Trust Company Limited Oak HSH Limited (v) Richard Parsons Guardian LimitedGuardian Limited Guardian Limited 82,651,862 Richard Parsons 2018 83
(b) (%) Satinu Resources Group Ltd. 184,360,714 11.47 (i) Songbird SG Pte. Ltd. 184,360,714 11.47 (i) 184,360,714 11.47 (i) 184,360,714 11.47 (i) 78,402,393 5.00 (ii) 78,402,393 5.00 (ii) 78,402,393 5.00 (ii) (i) Satinu Resources Group Ltd. (Satinu)Songbird SG Pte. Ltd. (Songbird) 184,360,714Satinu Songbird Satinu Songbird2018 6 296 27 2018 6 26 Solis Capital Limited (Solis) 184,360,714 Solis Satinu (ii) 78,402,393 2017 5 8 2018 6 30 336 2018 6 30 336 2018 6 306 84
2018 6 306 2018 6 306 5 20174 2018 10 12 2018 9 6 2018 9 12 2018 9 42018 9 6 2018 9 34 30 183 17 1712-1716 2018 8 3 2018 85
6 306 2018 2017 3 2,850 2,596 (180) (169) (1,132) (1,047) (278) (266) (596) (553) 3 664 561 (273) (242) 391 319 10 11 4 (40) (77) (30) (66) 5 361 253 10 (13) (26) 11 (20) (11) 9(b) 391 359 719 575 6 (82) (68) 6 7 9 644 516 644 519 (3) 644 516 7 0.41 0.33 8 91 104 86
6 306 2018 2017 644 516 (154) 287 (16) 44 (18) 55 (14) 41 (202) 427 1 (17) 5 10 (196) 420 448 936 469 930 (21) 6 448 936 91 104 2018 87
91 104 2018 6 30 2017 12 31 37,062 36,249 7,121 7,106 9 44,183 43,355 10 1,135 1,055 11 659 699 12 543 564 44 38 46,564 45,711 81 77 14 677 750 13 2 59 60 781 1,922 1,600 2,809 15 (1,373) (1,424) 16 (2,019) (3,391) 13 (4) (109) (41) (3,501) (4,860) (1,901) (2,051) 44,663 43,660 16 (4,597) (4,052) 15 (249) (230) (17) (17) (656) (659) (5,519) (4,958) 39,144 38,702 17 5,445 5,224 33,165 32,951 38,610 38,175 534 527 39,144 38,702 88
2017 1 1 5,005 (27) (730) 32,111 36,359 215 36,574 2017 6 306 519 519 (3) 516 (7) 418 411 9 420 (7) 418 519 930 6 936 8 165 (235) (70) (70) 35 35 2017 6 302017 7 1 5,170 (34) (312) 32,395 37,219 256 37,475 2017 12 316 636 636 636 19 306 325 12 337 19 306 636 961 12 973 8 54 (63) (9) (9) (5) (5) 90 90 70 (66) 4 174 178 2017 12 312018 1 1 5,224 (15) 64 32,902 38,175 527 38,702 2018 6 306 644 644 644 6 (181) (175) (21) (196) 6 (181) 644 469 (21) 448 8 221 (255) (34) (34) 28 28 2018 6 30 5,445 (9) (117) 33,291 38,610 534 39,144 91 104 2018 89
6 306 2018 2017 664 561 (12) (7) (6) (91) 646 463 (2) (109) (35) (88) (167) (112) (156) (569) (312) 28 2 (848) (672) 12 10 (73) (68) 3 214 4 (839) 10 (34) (70) (720) (114) (922) (323) 1 1 1,660 1,955 (3) 11 6 30 735 1,643 6 30 2018 2017 598 1,582 183 193 781 1,775 3 (41) (126) (5) (6) 735 1,643 2042017 6 30143 91 104 90
1. 34 2018 8 3 2017 2018 2 34 2017 2410 105 2017 12 31 622 436 662(3)6 3 2017 12 31 406(2) 407(2) (3) 2018 91
2. 9 15 22 3. 92
3. (a) 20182017 6 306 6 306 2018 2017 2018 2017 2018 2017 2018 2017 * 2,158 1,926 473 466 219 204 2,850 2,596 378 292 278 261 8 8 664 561 (248) (219) (5) (6) (20) (17) (273) (242) 130 73 273 255 (12) (9) 391 319 * 2018 2017 1,025 874 610 562 319 321 204 169 2,158 1,926 246 243 41 52 186 171 473 466 91 82 67 63 2 3 59 56 219 204 2,850 2,596 2018 93
3. (b) 2018 6 302017 12 31 2018 6 30 2017 12 31 22,602 22,250 21,792 21,417 1,092 1,079 45,486 44,746 10 1,135 1,055 11 659 699 44 38 59 60 781 1,922 48,164 48,520 4. 6 306 2018 2017 62 56 20 10 82 66 5 11 87 77 * (47) 40 77 * 2.9%2017 94
5. 6 306 2018 2017 7 7 266 235 (10) (11) 6. 6 306 2018 2017 74 62 8 6 82 68 (10) (8) 3 (1) (7) (9) 75 59 16.5% 201716.5% 2018 95
7. (a) 6 306 2018 2017 644 519 1,590 1,568 0.41 0.33 2018 2017 1 1 1,589 1,567 2017 20172016 1 1 6 30 1,590 1,568 (b) 20182017 6 30 8. (a) 6 306 2018 2017 5 20174 80 63 (b) 6 306 2018 2017 16 2016 12 31 15 255 235 96
9. (a) 2018 6 306 831649 2017 6 306 642 21 avenue Kléber 20182017 6 30 6 (b) 2018 6 30 2017 12 391 2017359 (c) 2018 6 30 2018 6 309,714 2017 12 31 9,6566,391 2017 12 316,476 3,323 2017 12 313,180 2018 97
10. 2018 6 30 2017 12 31 614 534 10(b) 521 521 1,135 1,055 (a) (PSW) 117,500,000 2017 12 31 117,500,000 50% PIT İstanbul Otel 288,300,000 İşletmeciliği Anonim 2017 12 31 Şirketi (PIT) 171,700,000 50%* * PIT 2016 2 10 PIT Salıpazarı Port 2018 6 30PIT 655 2017 12 3147921 2017 12 319 (b) The Peninsula Shanghai (BVI) Limited PSW (c) PSW2,5002,961 2017 12 312,5002,9912018 6 301,1251,333 2017 12 311,2051,442 2,8403,364 2017 12 312,9053,475 98
10. (d) 50% PSW 2018 6 30 2017 12 31 2,704 2,808 65 154 723 738 (296) (341) (2,627) (2,748) 569 611 6 306 2018 2017 306 277 (226) (177) 80 100 (44) (42) (35) (48) 1 10 * (27) (62) (26) (52) PSW (13) (26) * 2018 99
11. 2018 6 30 2017 12 31 659 699 (a) * 19 Holding SAS (19 Holding) ** 1,000 20% Majestic EURL (Majestic) 80,000,000 20% Le 19 Avenue Kléber 100,000 20% The Belvedere Hotel 46,500,000 20% Partnership (BHP) # * ** 19 HoldingMajestic 100%Majestic # BHP100% (b) (c) (d) 19 Holding456 2017 12 31467 19 Holding Majestic220 1,9962017 12 31220 2,053 2018 6 30220 1,9962017 12 31220 2,0532018 6 30 583 5,2912017 12 31593 5,531 BHPBHP145 1,1312017 12 31145 1,131 2018 6 30 60 468 2017 12 3162 4852018 6 30132 1,030 2017 12 31134 1,044 100
11. (e) 20% 12. 6 306 2018 2017 80 96 (138) (112) (43) (39) (101) (55) (101) (55) (20) (11) 13. 2018 6 30 2017 12 31 2 (4) 14. 2018 6 30 2017 12 31 256 285 417 461 4 4 677 750 144 2017 12 31111 2018 101
14. 2018 6 30 2017 12 31 227 253 1 24 25 1 3 4 6 3 12 1 1 29 32 256 285 30 15. 2018 6 30 2017 12 31 90 140 9 9 194 172 367 360 217 155 88 89 657 729 1,622 1,654 (249) (230) 1,373 1,424 329 2017 12 31321 2018 6 30 2017 12 31 3 83 130 3 6 3 4 6 4 6 90 140 102
16. 2018 6 30 2017 12 31 14,446 9,310 429 429 14,875 9,739 2018 6 302017 12 31 6,696 7,466 11 12 6,707 7,478 (91) (35) 6,616 7,443 2,008 3,379 11 12 2,019 3,391 1 2 550 488 2 5 4,138 3,599 5 4,688 4,087 (91) (35) 4,597 4,052 6,616 7,443 17. 2018 6 30 ( ) 2017 12 31 ( ) 1 1 1,589 5,224 1,567 5,005 18 221 22 219 2018 6 302017 12 31 1,607 5,445 1,589 5,224 2018 6 306 2017 18 11.972221 2018 103
18. (a) 13 (b) 2018 6 30 11 10(b) 19. 2018 6 30 2018 6 30 2017 12 31 1,874 6,085 7,959 1,616 7,363 8,979 402 621 1,023 525 649 1,174 2,276 6,706 8,982 2,141 8,012 10,153 20. 2017 12 312018 6 306 104
86 104 2018 6 30 6 34 34 2410 2018 6 30 34 10 8 2018 8 3 2018 105
2018 2018 8 3 www.hshgroup.com corpaffairs@peninsula.com www.hshgroup.com/investors ir@hshgroup.com www.hshgroup.com/sustainable-luxury cr@hshgroup.com 28 (852) 2840 7788 (852) 2810 4306 00045 2017 16 2018 5 8 24 8 31 9 3 4 30 9 49 6 9 6 9 12 10 2 4 30 10 12 12 31 ir@hshgroup.com 183 17 1712-1716 (852) 2862 8555 (852) 2865 0990 /2529 6087 hkinfo@computershare.com.hk www.hshgroup.com 106
+852 2920 2888 +852 2722 4170 reservationphk@peninsula.com 32 200002 +86-21 2327 2888 +86-21 2327 2000 reservationpsh@peninsula.com 8 100006 +86-10 8516 2888 +86-10 6510 6311 reservationpbj@peninsula.com 100-0006 1-8-1 +81-3 6270 2888 +81-3 6270 2000 reservationptk@peninsula.com Klongsan Charoennakorn 333 10600 +66-2 020 2888 +66-2 020 2889 reservationpbk@peninsula.com Ayala Makati Avenue1226 +63-2 887 2888 +63-2 815 4825 reservationpmn@peninsula.com 5700 55 10019 +1-212 956 2888 +1-212 903 3949 +1-800 262 9467 reservationpny@peninsula.com Superior 108 60611 +1-312 337 2888 +1-312 751 2888 +1-866 288 8889 reservationpch@peninsula.com South Santa Monica Boulevard 9882 90212 +1-310 551 2888 +1-310 788 2319 +1-800 462 7899 reservationpbh@peninsula.com avenue Kléber 19 75116 +33 1 58 12 28 88 +33 1 58 12 29 99 reservationppr@peninsula.com +852 2926 2888 +852 2732 2933 reservationgcsc@peninsula.com 0800 888 7227 1 800 116 888 800 065 90 0800 891 9601 1866 308 8881 4001 200 618 0800 915 980 0800 181 8418 000 800 852 1388 800 789 365 0120 348 288 00798 8521 6388 01 800 123 4646 810 800 2536 1012 * 800 865 6047 800 8526288 900 937 652 0800 562 923 00801856908 1800011888 800 065 0628 08007830388 1 866 382 8388 * Saudi Telecom Company 2018 107
109 +852 2292 2888 +852 2812 2176 marketingtrb@peninsula.com 1 +852 2849 7654 +852 2849 6237 info@thepeak.com.hk 33 +852 2849 7654 +852 2849 6237 sjbmanagement@peninsula.com The Landmark 1 5B +84-28 3822 2098 +84-28 3822 5073 info@thelandmarkvietnam.com Bangpakong Thambon Pimpa Bangna-Trad Km. 35.5 88 Moo 1 24130 +66 38 570 234 +66 38 570 225 inquiry@thaicountryclub.com Valley Greens 8205 93923 +1-831 624 2888 +1-831 624 3726 +1-866 675 1101 lodgedesk@quaillodge.com 33 1002 +852 2193 6901 +852 2193 6900 pml@peninsula.com 62 70 B 1 2 +852 2612 2008 +852 2409 5239 tpl@peninsula.com www.hshgroup.com www.peninsula.com www.therepulsebay.com www.thepeak.com.hk The Landmark www.thelandmarkvietnam.com www.thaicountryclub.com www.quaillodge.com www.peninsulaboutique.com www.taipanlaundry.com 108
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