UBS: Swire Properties (01972.HK) could increase its valuation if it sets up a property trust fund, target price raised to 26.1 Hong Kong dollars.

According to the Smart Finance News APP, UBS released a research report stating that if Swire Properties (01972.HK) could establish a private real estate investment trust (REITs), it could open up a new channel for asset circulation, help change investors' views on the company, and believe that the market may be willing to give a higher valuation for the new private REITs channel. The bank has reduced its asset net value (NAV) discount from the original 50% to 45%, correspondingly raised the target price from the original 23 Hong Kong dollars to 26.1 Hong Kong dollars, maintaining a "buy" rating, and raising profit forecasts for 2025 to 2027 by 1% to 2% to reflect the appreciation of the RMB.