Financial Performance - The company's equity return for 2025 was 1.1%, a decrease of 0.5 percentage points from 2024 [4]. - Basic profit attributable to shareholders increased by 9% to HKD 11,373 million in 2025, compared to HKD 10,471 million in 2024 [4]. - Revenue rose by 10% to HKD 90,467 million in 2025, up from HKD 81,969 million in 2024 [4]. - Cash generated from operations increased by 35% to HKD 17,020 million in 2025, compared to HKD 12,580 million in 2024 [4]. - The net debt decreased by 8% to HKD 65,264 million in 2025 from HKD 70,563 million in 2024 [4]. - The company's basic profit attributable to shareholders for 2025 increased to HKD 11.373 billion, up from HKD 10.471 billion in 2024, driven mainly by the performance of the aviation sector and significant gains from the sale of non-core assets in the real estate sector [16]. - The recurring basic profit attributable to shareholders rose to HKD 9.754 billion in 2025, compared to HKD 9.284 billion in 2024, reflecting stable operational performance despite geopolitical and economic uncertainties [16]. - The total dividend for 2025 is HKD 3.80 per 'A' share and HKD 0.76 per 'B' share, representing a 13% increase from the previous year [30]. - The company's profit attributable to shareholders for 2025 is HKD 2,938 million, a decrease of 32.0% from HKD 4,321 million in 2024 [195]. - The fair value loss related to investment properties for 2025 is HKD 7,731 million, up from HKD 6,197 million in 2024 [195]. - The basic profit attributable to shareholders, after adjustments, is HKD 11,373 million for 2025, an increase of 8.6% from HKD 10,471 million in 2024 [199]. - The recurring basic profit for 2025 is HKD 9,754 million, reflecting a growth of 5.1% compared to HKD 9,284 million in 2024 [199]. - The real estate segment reported a profit of HKD 5,194 million in 2025, a slight decrease from HKD 5,272 million in 2024 [200]. - The aviation segment, specifically Cathay Group, achieved a profit of HKD 4,374 million in 2025, up from HKD 3,978 million in 2024 [200]. - The beverage segment's profit remained stable at HKD 1,390 million in 2025, compared to HKD 1,388 million in 2024 [200]. Business Expansion and Strategy - The company plans to continue expanding in the healthcare sector, particularly in major urban areas in mainland China and Southeast Asia [13]. - The company aims to maintain a sustainable dividend growth strategy to enhance shareholder value [7]. - The company has a diversified business model focusing on real estate, beverages, and aviation, with significant operations in Greater China and Southeast Asia [11]. - The real estate division is advancing a HKD 100 billion investment plan, with approximately 67% of the funds already committed, focusing on core markets in Hong Kong, mainland China, and Southeast Asia [18]. - The company completed the exit from its investment property portfolio in Miami and sold several assets in Hong Kong, including parking spaces in Taikoo Shing and a non-core site in Tsing Yi, to reinvest in higher-return opportunities [18]. - Cathay Pacific Group added 14 Boeing 777-9 aircraft, increasing its total order to 35, as part of an investment plan exceeding HKD 100 billion covering fleet, cabin products, and digital innovations [21]. - The group expanded its global coverage to over 100 passenger destinations by adding 20 new routes through its airlines, enhancing Hong Kong's connectivity as an international aviation hub [21]. - The company announced the launch of its first luxury residential project in Southeast Asia, with two luxury residential towers in Bangkok expected to be completed by 2029 [20]. - The company is focusing on its healthcare business, with the opening of China's first wholly foreign-owned cardiovascular specialty hospital in Shanghai and a new hospital in Bali, Indonesia [23]. - The company completed the sale of its Americas business unit, refocusing its strategy on core growth markets including Hong Kong, mainland China, and Southeast Asia [22]. - Swire Properties has several exciting new projects, including expansions in Taikoo Li and Guangzhou Taikoo Hui, with a positive outlook for the Hong Kong office market [33]. - Swire Properties plans to expand its hotel management business in Japan and mainland China, with new hotels set to open in Tokyo and Shenzhen [39]. - The company is also developing residential projects in Hong Kong, mainland China, Vietnam, and Thailand, with ongoing sales of completed units in various locations [40]. - The company announced a HKD 100 billion investment plan for property development and residential projects over the next decade, with HKD 30 billion allocated to Hong Kong, HKD 50 billion to mainland China, and HKD 20 billion for residential projects [60]. Market Performance and Trends - The retail market in mainland China is showing signs of stability, with expectations for gradual improvement in the retail sector [33]. - Consumer spending in mainland China showed improvement in Q4 2025, with expectations for this trend to continue [34]. - The retail market in Hong Kong is expected to face intensified competition between physical and online channels due to changing consumer shopping patterns, despite a positive impact from rising stock markets [106]. - The demand for retail space in mainland China is anticipated to remain stable, particularly for luxury brands in key locations, with an expected increase in demand from jewelry, sports, and leisure brands [107]. - The high-end residential market in Southeast Asia continues to be supported by urbanization and a growing middle class, with Jakarta, Ho Chi Minh City, and Bangkok expected to show improved performance [108]. - The residential market in Hong Kong showed signs of slow recovery, benefiting from lower interest rates [53]. - The retail market in mainland China showed improvement due to government economic stimulus measures, including visa-free entry for approximately 75 countries [51]. Operational Efficiency and Sustainability - Swire Coca-Cola is streamlining its regional management structure by appointing a Chief Operating Officer to enhance decision-making and capitalize on market opportunities, supporting long-term growth [34]. - Swire's sustainable development strategy, "SD 2050," aims for significant reductions in greenhouse gas emissions, achieving a 46% reduction in 2025 compared to baseline targets [31]. - The company aims to achieve net-zero carbon emissions by 2050 as part of its long-term sustainability strategy [146]. - The company is focusing on enhancing its digital capabilities and developing its premium travel lifestyle brand to strengthen market position [146]. - Employee safety and sustainability are integral to Swire Coca-Cola's operations, with initiatives aimed at reducing carbon intensity and enhancing community engagement [117]. - The company is committed to improving operational efficiency and distribution models in Hong Kong to drive stronger performance despite a challenging business environment [135]. Challenges and Risks - Swire Coca-Cola recorded attributable profit of HKD 1.318 billion in 2025, down from HKD 2.039 billion in 2024, impacted by challenges in the Chinese market and increased competition in Vietnam and Thailand [26]. - The company faced challenges in the Vietnam and Thailand markets, with revenue in Vietnam declining by 7% and Cambodia by 11% [124]. - The company expects sales in the sugar segment to face pressure due to declining consumption trends in Hong Kong and weak demand in mainland China [192]. - The environmental services segment's profit is expected to remain stable in the first three quarters of 2026, but will decline after the termination of a waste transfer service contract in September 2026 [192]. - The mainland China office market is facing pressure from new supply and soft demand, with vacancy rates expected to rise in 2026 [105]. Aviation Sector Highlights - Cathay Pacific's passenger revenue for 2025 reached HKD 72.45 billion, a 15.8% increase from HKD 62.60 billion in 2024 [150]. - The number of revenue passenger kilometers increased by 28.9% to 119.88 million in 2025, compared to 93.02 million in 2024 [150]. - The total operating profit attributable to Cathay Group for 2025 was HKD 10.82 billion, up from HKD 9.89 billion in 2024 [149]. - Cargo revenue for Cathay Pacific was HKD 24.28 billion, a 1.2% increase from HKD 24.00 billion in 2024 [152]. - The passenger load factor improved to 85.2% in 2025, up from 83.2% in 2024, reflecting a 2.0 percentage point increase [150]. - Cathay Pacific launched 20 new destinations and increased flight frequencies in 2025, enhancing its global network [148]. - Cathay Pacific expects a passenger capacity growth of approximately 10% in 2026 [159]. - The group anticipates receiving three narrow-body aircraft in 2026, while Hong Kong Express expects to receive five [160]. - Cathay Pacific's fleet consists of over 230 aircraft and over 100 passenger destinations, supported by a HKD 100 billion investment to optimize products and services [160].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2026年2月28日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | Swire Pacific Limited 太古股份有限公司 | | | 呈交日期: | 2026年3月2日 | | | I. 法定/註冊股本變動 不適用 | | | | 備註： | | | | Swire Pacific Limited 太古股份有限公司 (「公司」) 並無法定股本，及其股本並無股份面值。 | | | FF301 第 1 頁 共 11 頁 v 1.2.0 FF301 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 1. 股份分類 普通股 股份類別 不適用 於香港聯交所上市 (註1) 是 證券代號 (如上市) 00019 說明 A股 已發行股份（不包括庫存股份）數目 庫存股份數目 已發行股份總數 上月底結存 778,988,000 0 778,988,000 增加 / 減少 (-) 0 0 本月底結存 778,988,000 0 77 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 SWIRE PACIFIC LIMITED 太古股份有限公司 （於香港註冊成立的有限公司） （股份代號：00019 及 00087） 1. 於二零二六年二月二十七日，CCI 與 TNT 訂立一份協議備忘錄，據此，雙方同 意即時終止越南股本轉讓協議，並相互免除各自在該協議項下之義務及責任， 惟不包括在終止日期前已發生的任何違反該協議的行為；及 2. 於二零二六年二月二十七日，SCCL（緊接 CCI 股份買賣協議（定義見下文）交 割前為 CCI 之唯一股東）與 ThaiNamthip Holdings Limited（「TNH」）（為 TNT 持 股約 99.99% 的附屬公司*）訂立股份買賣協議（「CCI 股份買賣協議」）；據此， SCCL 同意向 TNH 出售越南附屬公司之唯一股東 CCI 30%（即 260,020,890 股股 份）的股本，作價約 2.211 億美元（相等於約 17.246 億港元* ...

Core Viewpoint - Sumitomo Corp. is currently outperforming its peers in the Conglomerates sector, with a year-to-date performance of 25.2% compared to the sector average of 15.3% [4]. Company Performance - Sumitomo Corp. holds a Zacks Rank of 2 (Buy), indicating a positive earnings outlook [3]. - The Zacks Consensus Estimate for Sumitomo Corp.'s full-year earnings has increased by 0.7% over the past quarter, reflecting stronger analyst sentiment [3]. - The stock has shown a year-to-date return of 25.2%, outperforming the average gain of 15.3% in the Conglomerates group [4]. Industry Context - Sumitomo Corp. is part of the Diversified Operations industry, which includes 15 companies and currently ranks 90 in the Zacks Industry Rank [6]. - The average performance of the Diversified Operations industry has also been 15.3% year-to-date, indicating that Sumitomo Corp. is performing better than its industry peers [6]. - Another notable stock in the Conglomerates sector is Swire Pacific, which has achieved a year-to-date return of 26.9% and also holds a Zacks Rank of 2 (Buy) [4][5].

Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for profitable short-term investing, highlighting the need for sound fundamentals and positive earnings estimates to maintain momentum. Group 1: Stock Performance - Swire Pacific (SWRAY) has shown a solid price increase of 11.6% over the past 12 weeks, indicating investor confidence in its potential upside [4] - The stock has experienced a price increase of 20.1% over the last four weeks, suggesting that the upward trend is still intact [5] - SWRAY is currently trading at 99.6% of its 52-week high-low range, indicating a potential breakout [5] Group 2: Fundamental Strength - SWRAY holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6] - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7] - The Zacks Rank stock-rating system has a strong historical performance, with Zacks Rank 1 stocks averaging an annual return of +25% since 1988 [7] Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks like SWRAY that are on an uptrend supported by strong fundamentals [3] - There are additional stocks that meet the criteria of the "Recent Price Strength" screen, providing further investment opportunities [8] - The Zacks Research Wizard can assist in backtesting stock-picking strategies to ensure past profitability [9]

Core Viewpoint - Swire Pacific (SWRAY) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Institutional investors utilize earnings estimates to determine the fair value of stocks, leading to buying or selling actions that affect stock prices [4]. Company Performance and Investor Sentiment - The upgrade for Swire Pacific reflects an improvement in the company's underlying business, which is expected to drive the stock price higher as investors recognize this trend [5][10]. - Over the past three months, the Zacks Consensus Estimate for Swire Pacific has increased by 4.5%, with an expected earnings per share of $0.93 for the fiscal year ending December 2026, indicating no year-over-year change [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Only the top 5% of Zacks-covered stocks receive a "Strong Buy" rating, positioning Swire Pacific among the best candidates for potential market-beating returns [9][10].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 SWIRE PACIFIC LIMITED 太古股份有限公司 (於香港註冊成立的有限公司) (股份代號：00019 及 00087) SWIRE PROPERTIES LIMITED 太古地產有限公司 (於香港註冊成立的有限公司) (股份代號：01972) 公告 太古地產有限公司 二零二五年第四季度 營運數據滙報 本滙報載述太古地產有限公司二零二五年第四季度若干營運數據資料。有關資料 乃根據內部管理紀錄編製，並未經外聘核數師審核或審閱。 1. 已落成投資物業 辦公樓物業 | 租金調幅 (1) | 主要物業 | 租用率 | 租用面積 | 最新租金 | ( | 2025 | 截至 | 年 | ( | 巿值 | ) | (新簽訂或 | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- ...

Company Performance - Hitachi Ltd. has returned approximately 11.4% since the beginning of the calendar year, significantly outperforming the average return of 1.2% for Conglomerates companies [4] - The Zacks Consensus Estimate for Hitachi's full-year earnings has increased by 2.1% over the past three months, indicating improving analyst sentiment and a positive earnings outlook [3] Industry Context - Hitachi Ltd. is part of the Diversified Operations industry, which includes 15 individual stocks and currently ranks 68 in the Zacks Industry Rank [6] - Stocks in the Diversified Operations industry have gained an average of 1.2% this year, highlighting Hitachi's superior performance in year-to-date returns [6] Sector Ranking - The Conglomerates group, which includes Hitachi Ltd., is currently ranked 1 within the Zacks Sector Rank, which evaluates 16 different sector groups [2] - Hitachi Ltd. holds a Zacks Rank of 2 (Buy), suggesting it has favorable characteristics to outperform the market in the near term [3]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2026年1月31日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | Swire Pacific Limited 太古股份有限公司 | | | 呈交日期: | 2026年2月2日 | | | I. 法定/註冊股本變動 不適用 | | | | 備註： | | | | Swire Pacific Limited 太古股份有限公司 (「公司」) 並無法定股本，及其股本並無股份面值。 | | | FF301 第 1 頁 共 11 頁 v 1.2.0 FF301 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 1. 股份分類 普通股 股份類別 不適用 於香港聯交所上市 (註1) 是 證券代號 (如上市) 00019 說明 A股 已發行股份（不包括庫存股份）數目 庫存股份數目 已發行股份總數 上月底結存 778,988,000 0 778,988,000 增加 / 減少 (-) 0 0 本月底結存 778,988,000 0 77 ...

Core Viewpoint - The article emphasizes the importance of identifying and sustaining trends in short-term investing, highlighting that confirming strong fundamentals and positive earnings estimates is crucial for maintaining momentum in stock prices [1]. Group 1: Stock Performance - Swire Pacific (SWRAY) has shown a solid price increase of 12.7% over the past 12 weeks, indicating investor confidence in its potential upside [3]. - The stock has also experienced a price increase of 14.4% over the last four weeks, suggesting that the upward trend is still intact [4]. - SWRAY is currently trading at 88.3% of its 52-week high-low range, indicating a potential breakout opportunity [4]. Group 2: Fundamental Strength - SWRAY holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [5]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting strong optimism from the brokerage community regarding its near-term price performance [6]. Group 3: Investment Strategy - The article suggests that investors can utilize the "Recent Price Strength" screen to identify stocks like SWRAY that are on an uptrend supported by strong fundamentals [2]. - There are over 45 Zacks Premium Screens available for investors to find stocks that align with their personal investing styles, enhancing the chances of selecting winning stocks [7].