Cash-Flush Swire Properties Could Buy Back More Shares -- Market Talk

Dow Jones
06/30

0640 GMT - Hong Kong property developer Swire Properties could announce a new share buyback scheme after it sold its stake in a Miami mall for up to HK$4.3 billion, says Citi analysts in a note. Shares should react positively, as its capital recycling aids capex and shareholder returns. The disposal could enrich cash flows sufficiently to support another buyback, after Swire completed its previous scheme in May. Any news of another buyback is likely to be a stock catalyst. The bank maintains its buy call and HK$19.35 target price. Shares are 0.4% lower at HK$19.62. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

June 30, 2025 02:40 ET (06:40 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10