HK Stock Market Move | SWIRE PROPERTIES (01972) rose by over 3% after its performance announcement. Its annual net profit attributable to shareholders increased by 27% year-on-year. JP Morgan is optimistic about the company's high dividend certainty.

SWIREPROPERTIES (01972) rose more than 3% after its performance announcement. As of the time of writing, it rose by 3.27% to 25.26 Hong Kong dollars, with a turnover of 263.986 million Hong Kong dollars. On the news front, on March 12, SWIREPROPERTIES released its full-year performance for 2025. The group achieved a revenue of 16.041 billion Hong Kong dollars, an increase of 11% year-on-year; the profit attributable to shareholders was 8.62 billion Hong Kong dollars, an increase of 27% year-on-year; and the basic earnings per share was 1.49 Hong Kong dollars. It plans to distribute a second interim dividend of 0.8 Hong Kong dollars per share for the year 2025. The announcement stated that the profit attributable to shareholders increased by 27% to 8.62 billion Hong Kong dollars in 2025, mainly reflecting the profits from the sale of non-core assets. JP Morgan stated that SWIREPROPERTIES' 2025 performance roughly met the bank's expectations. JP Morgan has three reasons to be optimistic about SWIREPROPERTIES: high dividend certainty, a commitment to achieving single-digit growth in earnings per share; improvement in mainland China's retail business; active capital recycling, and a strong track record. Although the Hong Kong office portfolio remains weak, the group's valuation is expected to be re-rated if any signs of recovery emerge.