- Swire Properties has reported its full-year revenue to be HK$14.67 billion, almost in line with the estimated HK$14.69 billion.
- Its property investment revenue surpassed estimates, reaching HK$13.53 billion against the estimated HK$13.38 billion.
- However, property trading revenue came in lower than expected at HK$166 million, compared to the estimated HK$339.7 million.
- The company’s hotels revenue exceeded expectations, totalling HK$979 million against the estimated HK$857 million.
- Swire Properties‘ underlying profit for the year was HK$11.57 billion.
- The reported operating profit stood at HK$5.18 billion.
- The company has announced a second interim dividend per share of 72 Hong Kong cents.
- Recurring underlying profit for the year was HK$7.29 billion.
- Currently, Swire Properties has received 12 buy recommendations, 4 hold recommendations, and no sell recommendations.
A look at Swire Properties Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
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
According to the Smartkarma Smart Scores, Swire Properties has a positive long-term outlook. The company received a score of 4 out of 5 for value, dividend, and growth, indicating strong performance in these areas. Swire Properties is known for developing and managing commercial, retail, and residential properties, and has a diverse investment portfolio that includes office and retail premises, as well as serviced apartments and other residential accommodations.
In addition to its strong performance in value, dividend, and growth, Swire Properties received a score of 3 for resilience and momentum. This suggests that the company may face some challenges in these areas, but overall has a solid outlook for the future. Swire Properties‘ commitment to developing and managing high-quality properties makes it a promising company to watch in the real estate industry.
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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