Damo: Adding Swire Properties (01972) to the Hong Kong Real Estate Sector's Preferred Stock Rating as an “Increase in Holdings”

The Zhitong Finance App learned that Morgan Stanley released a research report stating that Swire Properties (01972) was included in the Top Pick (Top Pick) of Hong Kong real estate coverage, with a rating of “increase in holdings”, with a target price of HK$28.

The bank pointed out that the company's expansion of retail business in China and active capital circulation will help support dividend growth. The fundamentals of office buildings in Hong Kong have improved, and supply is expected to peak in 2026; retail sales performance in Chinese shopping malls is resilient, which can also benefit from the growing trend of duty-free shopping and inbound tourism. Expanding recurring revenue base, capital cycle initiatives, and strong balance sheets from newly invested properties in China can provide downside protection.