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UBS Rates SWIREPROPERTIES at Buy w/ TP HKD29.6; Full-Yr Results in Line
2026-03-16 11:24:15
According to a UBS research report, SWIREPROPERTIES (01972.HK) recorded underlying earnings of HKD6.3 billion for 2025, down 3% YoY, but in line with the broker's expectations.

The company declared a final dividend increase to HK80 cents per share. Along with an interim dividend of HK35 cents, it brought the total annual dividend to HK115 cents per share, up 5% YoY.

Looking ahead, SWIREPROPERTIES will continue to seek capital recycling opportunities, including the potential issuance of C-REITs. UBS has given the company a TP of HKD29.6 and a Buy rating.
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