UBS: the target price of Swire Pacific Limited A (00019.HK) has been raised to 75 Hong Kong dollars, and the rating has been upgraded to "Neutral".

According to the Zhitong Finance and Economics app, UBS released a research report stating that due to the widening valuation discount of Swire Pacific A (00019.HK), improved credit targets for next year, and improvements in property and aviation businesses, the bank has raised its company's earnings forecast for 2025 to 2027 by 7 to 11%. The rating has been upgraded from sell to "neutral", and the target price has been raised from 59.9 Hong Kong dollars to 75 Hong Kong dollars. The bank estimates that Swire's basic recurring profit in the first half of this year will increase by 12% year-on-year, mainly due to increased contributions from Cathay Pacific and ThaiNamthip, but offset slightly by a decrease in property contributions.