Morgan Stanley: Adds SWIREPROPERTIES (01972) to Hong Kong property sector top picks, rating "Overweight"
Morgan Stanley adds SWIREPROPERTIES to its top analyst picks within the Hong Kong property coverage, rating "Overweight," with a target price of HK$28.
Morgan Stanley released a research report stating that it has added SWIREPROPERTIES (01972) to its analyst Top Picks within the Hong Kong property coverage, with an "Overweight" rating and a target price of HK$28.
The bank noted that the company's retail expansion in China and active capital recycling will help support dividend growth. Hong Kong office fundamentals are improving, with supply expected to peak in 2026; retail sales at Chinese malls have shown resilience and could also benefit from duty-free shopping and the growing inbound tourism trend. The expanding recurring income base from new investment properties in China, capital recycling initiatives, and a strong balance sheet can provide downside protection.
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