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<Research>UBS Elevates SWIRE PACIFIC A (00019.HK) TP to $75, Upgrades Rating to Neutral
Recommend 5 Positive 9 Negative 3 |
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UBS released a research report raising its 2025-2027 earnings forecasts for SWIRE PACIFIC A (00019.HK) by 7-11%, due to the expanded valuation discount of the Company, improved credit metrics for 2026 and enhancements in property and aviation businesses. The broker also upgraded SWIRE PACIFIC A from Sell to Neutral, and elevated its target price from $59.9 to $75. SWIRE PACIFIC A's YTD performance underperformed related listed companies, with its valuation discount relative to these companies widening from 19% in February 2025 to the current 31%, approaching the broker's target discount rate of 30%, UBS noted. Moreover, UBS believed that, due to improved profit in the real estate business, the likelihood of buybacks is higher. AASTOCKS Financial News Website: www.aastocks.com |
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