Earnings Alerts

Swire Properties (1972) Earnings: 1H Revenue Meets Estimates with Strong Underlying Profit

  • Swire Properties‘ 1H revenue: HK$7.28 billion (met estimates of HK$7.24 billion).
  • Hotel revenue: HK$464 million.
  • Property investment revenue: HK$6.73 billion.
  • Property trading revenue: HK$88 million.
  • Underlying profit: HK$3.86 billion.
  • Operating profit: HK$3.22 billion.
  • First interim dividend per share: 34 HK cents.
  • Recurring underlying profit: HK$3.57 billion.
  • Hotel businesses in mainland China are expected to improve steadily.
  • Analysts’ recommendations: 13 buys, 3 holds, 0 sells.

Swire Properties on Smartkarma

Swire Properties is under intense scrutiny by top independent analysts on Smartkarma, like Brian Freitas. In his report titled “Swire Properties (1972 HK): Potential Passive Selling & Trade Ideas,” Freitas adopts a bearish stance. He highlights the risk of Swire Properties being removed from global indexes due to a sustained stock price decline, leading to substantial selling pressure from passive trackers. Despite some increased positioning, there remains significant room for further adjustment. Comparatively, Swire Properties (1972 HK) is trading slightly cheaper than its industry peers based on forward PE and price to book value metrics. Moreover, with Swire Pacific (A) (19 HK) holding an 82% ownership stake in Swire Properties, there is a possibility of intervention if the stock price continues to plunge.


A look at Swire Properties Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth3
Resilience3
Momentum3
OVERALL SMART SCORE3.4

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 Properties Limited, a company engaged in developing and managing various properties, holds promising long-term prospects based on the Smartkarma Smart Scores. With solid scores of 4 in both Value and Dividend, Swire Properties is perceived favorably in terms of its financial attractiveness and dividend payment potential. While scoring a respectable 3 in Growth, Resilience, and Momentum, the company shows stability and potential for sustained performance across these key factors. Swire Properties‘ diversified investment portfolio, which encompasses office and retail spaces, serviced apartments, and residential accommodations, positions it well for long-term growth and stability in the property sector.

Considering the Smartkarma Smart Scores for Swire Properties, the company demonstrates a robust overall outlook. As a company with notable scores across various factors such as Value, Dividend, and Resilience, Swire Properties appears well-positioned to deliver consistent returns and weather market fluctuations. Although Growth and Momentum scores are slightly lower, the company’s focus on commercial, retail, and residential properties underscores its commitment to a diversified and sustainable business model. Investors seeking a stable and potentially rewarding investment in the property sector may find Swire Properties an appealing long-term prospect based on its strong performance across key evaluation metrics.


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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