0730 GMT - A gradual recovery in Hong Kong's residential market should bode well for Swire Properties' and Swire Pacific's valuations, says Morningstar's Kathy Chan in a note. Higher prices for project bookings, recovering margins and stronger cash flow from faster inventory turnover are likely to support the city's residential market this year. This could buoy Swire Properties' and Swire Paciifc's property-trading businesses, she adds. Morningstar raises its fair-value estimate for Swire Properties by 14% to HK$25.00 and for Swire Pacific by 8.0% to HK$86.00. Swire Properties shares rise 1.6% to HK$25.44, while Swire Pacific gains 2.6% to HK$81.55. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
March 05, 2026 02:30 ET (07:30 GMT)
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