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2025-06-30 14:43:37 SWIRE PACIFIC A (00019.HK) and SWIREPROPERTIES (01972.HK) jointly announced the sale of its 75% stake in the retail portion of the Brickell City Centre in Miami, the US, along with shared facilities and parking lot, to Simon Property for a maximum consideration of approx. US$549 million, equivalent to about $4.28 billion, according to UBS' research report. UBS anticipated that the sale may have a slight positive impact on SWIRE PACIFIC A's stock price, and estimated that the sale could improve SWIRE PACIFIC A's projected 2025 adjusted debt-to-EBITDA ratio from 4.63x to 4.59x, which is still above the 4.5x level required by S&P. Therefore, the broker rated SWIRE PACIFIC A at Sell, with a target price of $59.9. ~ AASTOCKS Financial News Website: www.aastocks.com | |