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<Research>HSBC Research Elevates SWIRE PACIFIC A (00019.HK) TP to $98.2, Rating Buy
Recommend 6 Positive 7 Negative 12 |
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The business outlook for SWIRE PACIFIC A (00019.HK) is improving, benefiting from the better earnings prospects of its SWIREPROPERTIES (01972.HK) and CATHAY PAC AIR (00293.HK), HSBC Global Research issued a research report saying. The broker anticipated that, based on the expansion expectations of commercial portfolio, the profit of SWIREPROPERTIES will resume growth, supporting its proactive dividend payment policy. HSBC Global Research raised its 2025-2027 earnings forecasts for the group by 2.9% to 8.5%, meanwhile maintaining its 2025-2027 DPS forecasts unchanged at $3.55/ $3.7/ $3.8 respectively. The broker also lifted its NAV forecast by 29.2%, keeping the target holding company discount unchanged at 36%, and elevated its target price from $76 to $98.2, with rating kept at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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