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<Research>BofAS Keeps Buy on SWIREPROPERTIES; Earnings Growth Outlook Solid
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BofA Securities has released a report maintaining a Buy rating for SWIREPROPERTIES (01972.HK), alongside a target price of HKD29, given the company's in-line recurring earnings in 2025. The broker based its view on SWIREPROPERTIES' stable earnings growth outlook backed by strong new shopping mall project reserves and attractive valuation levels, including a 41% discount to net asset value and an expected dividend yield of 4.9% for the current year. Although ongoing Middle East conflicts may weaken the strong momentum in Hong Kong's office leasing market this year, reduced outflow of high-end retail consumption from China may partially offset the impact. AAStocks Financial News |
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