Earnings Alerts

Swire Pacific (A) (19) Earnings: 1H Underlying Profit Hits HK$5.58B with Strong Revenue and Dividend

  • Swire Pacific reports an underlying profit of HK$5.58 billion for the first half of 2024.
  • Revenue for the period amounts to HK$39.56 billion.
  • Net income stands at HK$3.91 billion.
  • The company announces a first interim dividend of HK$1.25 per A share.
  • The first interim dividend for B shares is set at 25 HK cents.
  • Recurring underlying profit is reported at HK$4.76 billion.
  • Analyst ratings include 6 buys and 2 holds, with no sell recommendations.

Swire Pacific (A) on Smartkarma

Several independent analysts on Smartkarma, such as David Blennerhassett, have been covering Swire Pacific (A) recently. According to Blennerhassett’s report titled “Swire Pac (19 HK): Flying High,” the sentiment leans bullish on the company. Despite not being a high-conviction trade, Blennerhassett still prefers Swire Pac over Prop. There is no immediate expectation of a significant change in shareholder makeup towards Cathay. Swire Pacific (19 HK) currently trades at a discount to NAV, with its implied stub just coming off a multi-year high. With Cathay Pacific Airways (293 HK) reporting its highest annual profit in over a decade, Air China Ltd (601111 CH) is reportedly considering increasing its stake in the Hong Kong carrier, though the timing remains uncertain.


A look at Swire Pacific (A) Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth5
Resilience3
Momentum4
OVERALL SMART SCORE3.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Swire Pacific Limited, a diverse company involved in various sectors like real estate, aviation, beverage, and industrial services, is showing a promising long-term outlook according to Smartkarma Smart Scores. With a strong growth score of 5, Swire Pacific (A) demonstrates potential for future expansion and development in its businesses. This indicates positive prospects for the company’s overall growth trajectory.

Moreover, Swire Pacific (A) also scores well in value, momentum, and resilience, with scores of 4, 4, and 3 respectively. This suggests that the company is seen as having good value, a positive momentum in its operations, and resilience to potential market challenges. Although the dividend score is slightly lower at 3, the overall outlook for Swire Pacific (A) appears favorable based on the Smartkarma Smart Scores, highlighting its strengths across various key factors for long-term success.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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