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| HSI1 | 24,072.28 | -211.87 | 242.23B |
| HSCEI1 | 8,678.30 | -84.17 | 92.11B |
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2025-06-30 15:35:24 BofA Securities issued a research report stating a positive view on SWIREPROPERTIES (01972.HK)'s sale of its 75% stake in the retail portion of Brickell City Centre in Miami, the US, including shared facilities and parking lot, to Simon Property for a maximum consideration of approx. US$549 million, equivalent to about $4.28 billion. Therefore, the broker kept rating at Buy, with a target price of $21. The transaction will allow SWIREPROPERTIES to recycle capital from mature assets for new investments or capital return, BofA Securities added. The sale price was close to the book value, reflecting a return on investment of 5.5- 6%, in line with the broker's valuation. Combined with another Miami land sale announced earlier in June, SWIREPROPERTIES is expected to realize a pre-tax income of over $5 billion. ~ AASTOCKS Financial News Website: www.aastocks.com | |