0628 GMT - Swire Properties' shares could be boosted by improving market fundamentals in Hong Kong, say DBS Group Research analysts in a note. The stock is trading at a 56% discount to the analysts' assessed net-asset value. A pick-up in office leasing activity in Hong Kong, plus increasing tenant-sales momentum in Swire Properties' Hong Kong and China retail portfolios, should bode well for its medium-term rental income outlook, Jeff Yau and others say. "In the longer run, earnings growth led by portfolio expansion and dividend growth should warrant a higher stock valuation," they add. DBS reiterates its buy rating and HK$23.72 target price. Shares gain 1.0% to HK$21.94.(megan.cheah@wsj.com)
(END) Dow Jones Newswires
November 10, 2025 01:28 ET (06:28 GMT)
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