Lyon: Maintain "hold" rating on SWIRE PACIFIC A (00019) with target price raised to 70 Hong Kong dollars.

Lyon released a research report stating that SWIRE PACIFIC A (00019) is currently trading at a reasonable valuation level. With the possibility of the company reducing dividends in the future being very low, the target price has been raised from HK$67 to HK$70. The recommendation to "hold" the stock is maintained, with a predicted dividend yield of around 5.4% in 2025. The report also mentions that the stock price of Swire Pacific A has risen by about 13% in the past month, and investors are wondering if this upward trend will continue. Lyon believes that after the current share buyback plan ends in May next year, it will not be extended further. They believe that the stock price does not have much upside potential.