Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Citi Raises SWIREPROPERTIES (01972.HK) TP to $28.8, Keeps Buy Rating
Recommend 14 Positive 5 Negative 10 |
||||
|
||||
|
Citi Research issued a research report believing that SWIREPROPERTIES (01972.HK) is committed to mid-single-digit DPS growth, fundamentally supported by the following factors: 1)strong same-store sales growth in mainland China's retail led to positive rental reversion, benefiting from tenant renewals and asset upgrades to capture market share; 2) new investment properties are expected to see a YoY increase in 2026-2027 forecasted GFA of 27%/ 40%, driving rental upside through leasing synergies; 3) a strong balance sheet with a gearing ratio of 15%, providing ample flexibility to support its $100 billion strategic investment plan's capital expenditures; 4) forecasted earnings growth in 2026/ 2027, driven by moderate rental increase and significant development property bookings. Therefore, Citi Research kept rating at Buy for SWIREPROPERTIES, and raised its target price from $23.8 to $28.8, representing a 45% discount to net asset value (NAV). AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
