19 Mar 2022

Media:

iMoney

Swire Properties' performance remains solid even amid new wave of pandemic

A columnist said that despite facing the fifth wave of the COVID-19 pandemic in Hong Kong, Swire Properties' share price is still higher than the early-2020 levels, indicating that the market is optimistic about the recovery of business in shopping malls once social distancing measures are relaxed, coupled with the Government's new round of consumption vouchers in April 2022.

The columnist commented that Swire Properties has benefitted from the solid performance of its office portfolio and shopping malls in Hong Kong, as well as the strong performance of its Chinese Mainland retail portfolios, resulting in increased earnings and dividends per share last year. The Company also expects to deliver mid-single digit annual growth in dividends in the future. Swire Properties has the potential to achieve growth in dividends with the imminent completion of Two Taikoo Place and the development of commercial and residential projects in the Chinese Mainland and Southeast Asia over the next few years, which should help generate new revenue contributions and greater returns.

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iMoney

19 Mar 2022