Core Viewpoint - Goldman Sachs reported that Swire Properties' net profit for the first half of the year was HKD 8.15 billion, with actual net profit declining by 1% year-on-year to HKD 47 billion, aligning with the bank's expectations and representing 49% of its full-year forecast [1] Financial Performance - The company increased its interim dividend per share to HKD 1.3, which corresponds to a recurring profit of HKD 49 per share after excluding Cathay Pacific, maintaining a payout ratio target of 50-60% [1] Management Outlook - Management expressed cautious optimism regarding business prospects, anticipating continued macroeconomic challenges, but committed to executing long-term strategies and seeking investment opportunities in Hong Kong and the Greater Bay Area [1] Earnings Forecast Adjustment - Following the latest forecasts for Swire Properties and other businesses, Goldman Sachs adjusted its earnings per share predictions for the company from a downward revision of 9% to an upward revision of 3% for the years 2023 to 2027 [1] - The target price for Swire Properties was reduced from HKD 91.6 to HKD 90, while maintaining a "Buy" rating [1]
大行评级｜高盛：下调太古A目标价至90港元 续予“买入”评级
Ge Long Hui·2025-08-12 02:17