Zhi Tong Cai Jing·2025-08-07 07:46Group 1 - The core viewpoint of the article highlights that Swire Properties (01972) reported a 20% year-on-year increase in revenue for the first half of 2025, amounting to HKD 8.723 billion, and a 15% increase in net profit attributable to shareholders, reaching HKD 4.42 billion [1][1][1] - The company declared an interim dividend of HKD 0.35 per share, representing a 3% increase compared to the previous year, with a payout ratio of 52% based on underlying profits [1][1][1] - Citigroup's report indicates that Swire Properties' recurring net profit decreased by 4% to HKD 3.42 billion, achieving 55% of the bank's full-year forecast, which is better than expected [1][1][1] Group 2 - The increase in basic profit is attributed to the sale of interests in Brickell City Centre mall, parking spaces, and certain common facilities, as well as profits from adjacent land [1][1][1] - The stock price of Swire Properties rose nearly 3% to HKD 21.16, with a trading volume of HKD 43.5573 million at the time of reporting [1][1][1] - The report mentions that no new share buyback plan was announced during the period, which may lead to an initial negative reaction in the stock price [1][1][1]