Luks Group (Vietnam Holdings)

What Luks Group (Vietnam Holdings) does

Luks Group (Vietnam Holdings) Company Limited is a Hong Kong-listed (SEHK: 00366.HK), Bermuda-domiciled holding company founded in 1975 that operates a diversified infrastructure-and-property portfolio concentrated in Vietnam, with residual exposure in Hong Kong and the PRC. Over 95% of group revenue and ~75% of non-current assets are located in Vietnam, where the company runs three principal segments: cement manufacturing under the KIM DINH brand via 100%-owned Luks Cement (Vietnam) Limited at a 2.8 million-tonne-per-annum plant in Hue Province; property investment anchored by the wholly owned Saigon Trade Centre, a 33-storey Grade B office building in District 1, Ho Chi Minh City; and property development through the 85%-owned Thanh Phat joint venture (22,000 sqm in Binh Thanh District, Ho Chi Minh City) and the smaller Hue Square project.

Cement products span PCB30, PC40, and high-density grades for specialized applications such as jetties and tunnels, sold directly to major Vietnamese infrastructure projects (Hai Van Pass Tunnel, Dung Quat Oil Refineries, central highways, hydro-electric stations) and through a local dealer network for retail demand. The Hue plant holds ISO 9001/14001/18001 certifications — claimed to be the only cement plant in Vietnam to simultaneously hold all three — and secured a new seven-year Environmental License (No. 269/GPMT-BNNMT, valid to 15 July 2032), with continuous emissions monitoring via CEMS and an upgraded urea spraying system; a Waste Heat Recovery power generation system is in preparation with three consultants engaged in 2025. The hotel segment comprises the 298-room Pentahotel Hong Kong Tuen Mun (managed by Penta Hotels Asia Pacific since July 2017, 86.98% occupancy in 2025, GOP up 19.6% YoY) and the newly opened Le Carré Hue in Vietnam (full operations from Q4 2025), with a small legacy printed-circuit-board trading business rounding out the portfolio.

FY2025 group turnover was HK$344.186M (cement HK$128.3M, property investment HK$139.2M, hotel operations HK$65.7M), with cement external sales down ~16.8% and property investment down ~4.7% YoY; consolidated profit after tax was HK$16.649M and total assets stood at HK$2,604M as of 31 December 2025. The group is family-controlled: co-founder Madam Cheng Cheung served as Chairman for over 48 years until her 13 December 2025 passing, after which her daughter Ms. Luk Sze Wan was appointed Chairman effective 8 January 2026; her sons Luk Yan and Luk Fung continue as Co-CEOs responsible respectively for Vietnam property and cement operations. Distribution is direct-to-enterprise across all three segments, with cement additionally routed through a local dealer network for retail demand.

Name

Luks Group (Vietnam Holdings)

Legal name

LUKS GROUP (Vietnam Holdings) Company Limited

Website

https://luks.com.hk

Company type

Public

Founded year

1975

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Luks Group (Vietnam Holdings) is a Hong Kong-listed (00366.HK) holding company operating cement manufacturing under the KIM DINH brand (2.8Mtpa Hue plant), commercial property investment anchored by Saigon Trade Centre in Ho Chi Minh City, hotel operations in Hong Kong and Vietnam, and residential property development in Vietnam.

Ownership category

akta.pro rank

Headquarters

HQ city

Kowloon City

HQ country

Hong Kong SAR China

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Cement Manufacturing and Sales: Manufacturing, distribution and marketing of cement products in Vietnam through wholly-owned subsidiary Luks Cement (Vietnam) Limited. Products sold directly to construction sites and through local dealers. Brand KIM DINH recognized in central Vietnam market. 2025 external sales: HK$128,297,000.
2. Property Investment: Rental income from investment properties including Saigon Trade Centre (generates over 90% of property investment income), Hong Kong industrial properties, Shenzhen properties, and Shanghai Street property. 2025 property investment revenue: HK$139,193,000.
3. Hotel Operations: Hotel operations including Pentahotel Hong Kong, Tuen Mun (298 rooms, managed by Penta Hotels since July 2017) and Le Carré Hue in Vietnam (full operations from Q4 2025). 2025 hotel operating income: HK$65,689,000.
4. Electronic Business Trading: Small-scale trading of Printed Circuit Board (PCB) and other electronics components in Hong Kong and PRC through a subsidiary in Hong Kong.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Luks Group is a diversified holding company primarily engaged in cement manufacturing under the KIM DINH brand (2.8 million tonnes annual capacity in Hue Province, Vietnam), commercial property investment anchored by the Saigon Trade Centre in Ho Chi Minh City, and hotel operations including Pentahotel Hong Kong Tuen Mun (298 rooms) and Le Carré Hue in Vietnam. The group also pursues property development in Vietnam via an 85%-owned joint venture (Thanh Phat) in Ho Chi Minh City and the Hue Square project. Over 95% of group revenue is generated from Vietnam.

Product overview

Luks Group (Vietnam Holdings) Company Limited operates as a diversified holding company with a portfolio of businesses primarily located in Vietnam, Hong Kong, and China. The group operates across five main segments: (1) Cement manufacturing under the KIM DINH brand through its 100%-owned subsidiary Luks Cement (Vietnam) Limited, with a production capacity of 2.8 million tonnes per annum; (2) Property investment centered on the Saigon Trade Centre, a 33-storey office building in Ho Chi Minh City's central business district; (3) Property development through the Thanh Phat joint venture (85% ownership) and the Hue Square project; (4) Hotel operations including PentaHotel Hong Kong, Tuen Mun and Le Carré Hue in Vietnam; and (5) Small-scale electronic components trading. The group was listed on the Hong Kong Stock Exchange in 1987 (stock code: 00366.HK) and has been investing in Vietnam since 1991.

Differentiator

Problem solved

Functional benefit

Brands

• KIM DINH (金鼎): Cement brand widely recognized in local market, especially in central Vietnam regions
• PENTAHOTEL HONG KONG, TUEN MUN
• Le Carré Hue

Products and services

• KIM DINH Cement (金鼎) Cement products manufactured by Luks Cement (Vietnam) Limited at the group's plant in Hue Province, Vietnam. The plant has a total capacity of 2.8 million tonnes per annum and produces multiple grades including PCB30, PC40, and high-density cement for jetties and tunnels. Brand KIM DINH is widely recognized in central Vietnam. Sold directly to construction projects and through local dealers.
• Saigon Trade Centre (STC) A 33-storey Grade B office and commercial building in District 1, Ho Chi Minh City, Vietnam. Total area 38,852 sqm with 26,837 sqm leased (69.1% occupancy). Generates over 90% of the group's property investment income. Major tenants include Standard Chartered Bank, Prudential, Colgate Palmolive, and Cisco.
• Pentahotel Hong Kong, Tuen Mun A 298-room hotel in Tuen Mun, Hong Kong, managed by Penta Hotels (Asia Pacific) Limited since July 2017. Located next to MTR West Rail Line Tuen Mun Station offering accommodation and dining. Achieved 86.98% occupancy in 2025 with GOP up 19.6% over 2024.
• Le Carré Hue A hotel property in Hue, Vietnam that commenced full operations in Q4 2025, contributing to the group's hotel portfolio expansion in Vietnam.
• Thanh Phat Joint Venture (Residential Development) An 85%-owned joint venture holding approximately 22,000 sqm of land in Binh Thanh District, Ho Chi Minh City, planned for residential development. The project plans 6-8 blocks of residential apartments, each 16 floors, with total area of approximately 115,000 sqm. Local partner is a reputable Vietnam construction company with 15% stake.
• Hue Square (Property Development) A small property development in Hue Province city center, Vietnam on approximately 1,000 sqm of land, planned as a shopping and office composite building of approximately 6,000 sqm GFA. Total investment approximately HK$52 million.
• Electronic Components Trading Small-scale trading of Printed Circuit Board (PCB) and other electronics components in Hong Kong and the PRC through a subsidiary in Hong Kong. The Group's original founding business, now a minor part of operations.

Quantifiable outcome

• Cement segment 2025 external sales: HK$128,297,000
• +4 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Penta Hotels (Asia Pacific) LimitedcoreChannel Partner/ Reseller/ Distributor · 1 January 2017Hotel management company engaged to manage Pentahotel Hong Kong, Tuen Mun since opening in July 2017. Hotel has 298 rooms and operates as a managed property.
• Hue Province Government (Historical Partnership)coreStrategic or Co-development Partner · 1 January 1993Original joint venture established in 1993 with Hue provincial government (22.17% stake) and Vietnam Frontier Fund (10% stake) for cement manufacturing plant. The Group has since acquired 100% ownership after completing acquisitions in 2004 and 2005.
• Vietnam Ministry of Defense (Historical Partnership)minorStrategic or Co-development Partner · 1 January 1992Original joint venture partner for Saigon Trade Centre development in 1992 (75% Group ownership). The Group acquired full ownership in September 2001 after buying out the 25% partner stake.
• Thanh Phat Joint Venture CompanycoreStrategic or Co-development PartnerThe Group owns 85% of Thanh Phat joint venture company which holds approximately 22,000 sqm land in Binh Thanh District, Ho Chi Minh City. The partner is a reputable local Vietnam construction company holding 15% stake. Project planned for 6-8 blocks of residential apartments, each 16 floors, total area 115,000 sqm.
• Le Carré HueminorOthersVietnam hotel property that commenced full operations in Q4 2025. Part of the Group's hotel portfolio.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• CRH plc: Irish building materials giant with extensive Asian and global cement and aggregates operations. Broad incumbent comparable to Luks' integrated cement business model and exposure to infrastructure-driven demand.
• Mandarin Oriental International: Asian-headquartered luxury hotel operator with managed-property model similar to Pentahotel Tuen Mun (managed by Penta Hotels). Comparable for hospitality segment economics, occupancy benchmarks, and managed-hotel arrangements.
• China National Building Material (CNBM): Largest cement producer in China and globally with substantial Southeast Asian interests. Regional incumbent comparable for cement pricing dynamics, clinker supply chains, and Vietnam export competition that affect Luks.
• Holcim / Amrize: Global cement and aggregates major with significant Asian operations including Vietnam (via INSEE). Provides a broader-incumbent benchmark for cement pricing dynamics, sustainability investments like CEMS, and competitive positioning that affect Luks.
• Heidelberg Materials: Global cement, aggregates, and ready-mix concrete major with Asian operations. Comparable as a broad-based building materials incumbent operating in similar cement categories including specialty grades for infrastructure projects.

Direct peers

• INSEE Vietnam (formerly Holcim Vietnam): Major multinational cement producer in Vietnam operating grinding plants and integrated facilities. Directly competes with Luks' KIM DINH brand in the Vietnamese cement market with similar customer base in construction and infrastructure projects.
• Vicem (Vietnam Cement Industry Corporation): Vietnamese state-owned cement producer and the largest in the country with capacity several multiples of Luks' 2.8 million tonnes. Most directly comparable competitor in the same geographic market, same product category, and same Vietnamese regulatory environment.

Regional players

• Sunway REIT: Malaysian REIT with diversified property portfolio including commercial offices and hotels. Comparable for property investment segment analytics (occupancy, recurring rental yields) similar to Saigon Trade Centre and hotel portfolio dynamics.
• Vinhomes: Vietnam's largest listed residential property developer with substantial HCMC land bank. Comparable for the property development segment — particularly as a competitor or partner for the Thanh Phat JV's residential apartments in Binh Thanh District.
• Far East Consortium Hotels: Hong Kong-listed conglomerate with hotel operations and property investments similar to Luks' HK-based hospitality and industrial property assets. Comparable as a Hong Kong-domiciled diversified holding with similar dual HK/Vietnam business exposure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/luks-group-vietnam-holdings-co-ltd

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Luks Group (Vietnam Holdings)