18 Aug 2022

Media:

Headline Daily

Hong Kong Economic Journal

Ming Pao Daily News

Sing Pao

Stock commentators recommend Swire Pacific, Swire Properties shares

Stock commentators in major newspapers continue to recommend the shares of Swire Pacific and Swire Properties amid the recent increase in their share prices, citing low valuations backed by strong fundamentals. Factors supporting the stocks include the recently announced HKD4 billion share buyback plan and the Government's relaxation on quarantine rules for arrivals, as well as Swire Properties' robust plans in developing properties across major cities in the Chinese Mainland. One of the commentators cited that the Company has already gotten major developments in big cities like Beijing, Shanghai, Guangzhou and Chengdu, and has recently announced the new Taikoo Li Xi'an project. He expects the Company to continue to grow, with more exciting news to come.