Lyon: Upgrade target price of Sun Hung Kai Properties (01972.HK) to 22.2 Hong Kong dollars, fundamentals improvement expected to support stock price.

date
08/08/2025
According to the latest news from the Wise Finance APP, Credit Suisse released a research report stating that Swire Properties (01972.HK) had a better-than-expected first half of the year, due to proceeds from asset sales and U.S. tax offsets. Benefiting from factors such as the recovery of the Hong Kong capital market, office leasing inquiries in the first half of the year increased by 30%, and retail sales in China and Hong Kong also accelerated. The bank believes that the retirement of the Chief Financial Officer next year will not affect operations. The target price has been raised from HK$18.3 to HK$22.2, maintaining an "outperform" rating.